Finance Score: 0

Governance Score: -3

Support Score: 1

Accounts overdue -5
Future income +5
No PartB

(no info on trustees)

Return overdue: -3

Overall weighted support: +1

Overall GiG Score: -2

FLOAT TRUST SCIO

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker recently and there are significant future grants due to be received

Regulatory & Governance issues to consider:

Latest return is overdue

Financial issues to consider:

Latest accounts are overdue for filing

Financial Data

Period ending	30/09/19
Total income	£12,958
Total spending	£6,731
Surplus/deficit	£6,227

Established: 6 years

www.float.scot

Listed activities

It makes grants, donations, loans, gifts or pensions to individuals
It makes grants, donations or gifts to organisations

GiG Classification

Other welfare services

Purposes

The prevention or relief of poverty

Where it operates

More than one local authority area in Scotland, main operating location: City of Edinburgh

Who it helps

No specific group, or for the benefit of the community

Who supports them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
National Lottery Community Fund - Edinburgh Travel Bank (COVID Recovery Programme)
£3,403	15/07/2020 6	This group will use the funding to increase the hours of their development worker post from 12.5 to 25 until the end of the calendar year. The additional hours will help with increased demand and ....more This group will use the funding to increase the hours of their development worker post from 12.5 to 25 until the end of the calendar year. The additional hours will help with increased demand and support the development of partnerships for longer term sustainability.
Foundation Scotland - Grant to Float Trust SCIO
£2,000	13/07/2020 24	to contribute towards travel costs.
National Lottery Community Fund - Edinburgh Travel Bank
£6,980	11/12/2019 12	This group will use the funding to continue their travel bank scheme, launched to provide small grants to cover essential travel to those in greatest need. The service will be delivered in ....more This group will use the funding to continue their travel bank scheme, launched to provide small grants to cover essential travel to those in greatest need. The service will be delivered in partnership with an established network professionals including homelessness advisers, support workers, and GP's.
Virgin Money Foundation - Grant to Float Trust SCIO
£250	23/07/2019	The Float Trust was set up to provide practical and financial support to those at risk of destitution in Edinburgh. The award was used towards their Travel Bank project which gives vouchers to some ....more The Float Trust was set up to provide practical and financial support to those at risk of destitution in Edinburgh. The award was used towards their Travel Bank project which gives vouchers to some of the most vulnerable people in Edinburgh who are unable to afford essential travel.
Foundation Scotland - Travel scheme
£1,850	06/03/2019 8	to contribute towards travel vouchers, design and print, and marketing.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees

Sorry we have no information about the Trustees.

Legal constitution

Charity registered in Scotland on 20/09/2018, number: SC048712

Filing Record

1 returns made; all on time

Main office

The Melting Pot, 5 Rose Street, Edinburgh, EH2 2PR

Objectives

The organisation's purposes are: 4.1 The prevention and relief of poverty in Scotland by providing grants, items, and support to individuals in need. and 4.2 To provide support, financial or otherwise, to charities and other organisations which share aims comparable to 4.1.

Data Sources

FLOAT TRUST SCIO

Analysis by Giving is Great

Positives:

Regulatory & Governance issues to consider: