Finance Score: -1

Governance Score: 3

Support Score: 5

Poor Liquidity: -1

Good trustee age range: +3

Grant maker support: +5

Overall GiG Score: 7

INNOVATE TRUST LTD

Providing support to disabled and disadvantaged individuals

Analysis by Giving is Great

Positives:

Spending has increased over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age

Financial issues to consider:

Liquidity appears to have been slender at the latest year end

Established: 32 years

www.innovate-trust.org.uk

info@innovate-trust.org.uk

02920382151

Charity Commission for England and Wales

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£28,114	£28,155	£-41	£0	£3,702	£1,722	0.7	840	250
31/03/22		£24,942	£24,407	£535	£0	£3,743	£1,722	0.8	836	250
31/03/21		£23,669	£23,562	£107	£0	£3,208	£1,608	0.8	828	250
31/03/20		£21,902	£21,822	£80	£0	£3,100	£1,582	0.9	863	89
31/03/19		£20,957	£20,901	£56	£0	£3,020	£1,324	0.8	920	205
31/03/18		£20,745	£20,676	£69	£0	£2,964	£1,261	0.7	868	0
31/03/17	*	£19,120	£18,979	£141	£0	£2,897	£1,193	0.8	863	0
31/03/16		£16,684	£16,081	£603	£0	£2,756	£1,126	0.8	700	0
31/03/15		£13,594	£13,514	£80	£23	£2,152	£956	0.8	591	0
31/03/14		£11,211	£10,830	£381	£23	£2,147	£541	0.6	502	0
31/03/13	*	£7,804	£7,590	£214	£18	£1,766	£787	1.2	350	0
31/03/12		£6,818	£6,551	£266	£19	£1,551	£688	1.3	297	0
31/03/11		£6,914	£6,848	£66	£17	£1,285	£304	0.5	299	0
31/03/10		£6,648	£6,750	£-102	£19	£1,219	£536	1	270	0
31/03/09		£6,275	£6,247	£27	£25	£1,322	£635	1.2	270	0
31/03/08		£5,450	£5,243	£207	£21	£1,350	£552	1.3	270	0
31/03/07	*	£3,365	£3,175	£189	£9	£1,143	£476	1.8	125	0
31/03/06		£2,870	£2,937	£-67	£0	£0	£0	n/a	0	0
31/03/05		£2,761	£2,864	£-102	£0	£0	£0	n/a	0	0
31/03/04		£2,399	£2,377	£22	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 1%
Highest pay band: £120,000-£130,000
Liabilities/Assets: 48%
Liabilities/Income: 12%
Unrestricted Funds/Total Funds: 47%
Reserves/Spending: 0.7 months
Net Current Assets/Spending: 2 months
Quick Ratio: 1.6

Asset Split ?

Listed activities

Accommodation/Housing
Amateur Sport
Disability
Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
The Advancement Of Health Or Saving Of Lives

How it operates

Provides buildings/facilities/open space
Provides human resources
Provides services

Where it operates

Cardiff, Rhondda Cynon Taff, Vale Of Glamorgan,

Who it helps

Children/Young People
Elderly/Old People
People With Disabilities

Who works here?

840 employees
250 volunteers

Who's supporting 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 - Insight into Climate Action
£10,000	19/11/2021	Innovate Trust Ltd are seeking funds to undertake both digital and real-world activity and awareness raising about climate action for their beneficiaries who are individuals with learning ....more Innovate Trust Ltd are seeking funds to undertake both digital and real-world activity and awareness raising about climate action for their beneficiaries who are individuals with learning disabilities in Wales. They aim to raise awareness about Climate Change amongst their existing online community inform their online community about what they can do to mitigate Climate Change and encourage positive community action to mitigate Climate Change.Their target outcomes are that 2500 people gain a better understanding of Climate Change (this includes people with learning disabilities their carers family and friends) and people with learning disabilities take positive action to mitigate Climate Change e.g. recycling minimising food waste taking up walking or cycling and greening measures.Innovate Trust Ltd will use £10000 to undertake both digital and in person activities about climate action. This project aims to make the conversation around climate change more accessible to those with learning difficulties their carers family and friends.
National Lottery Community Fund - Insight into Wales
£54,405	19/08/2021	Innovate Trust Ltd will build on their existing success by using £54405 to further develop their app which provides a secure online platform for people with learning disabilities to take part in ....more Innovate Trust Ltd will build on their existing success by using £54405 to further develop their app which provides a secure online platform for people with learning disabilities to take part in social and recreational activities from the safety of their own homes to tackle loneliness or isolation.
National Lottery Community Fund - Covid-19 Digital Response - Covid 19
£39,453	18/06/2020 12	Innovate Trust Ltd have received £39453 to use smart technologies to mitigate the impact of COVID-19 on people with learning disabilities living in supported housing. The technologies and devices ....more Innovate Trust Ltd have received £39453 to use smart technologies to mitigate the impact of COVID-19 on people with learning disabilities living in supported housing. The technologies and devices will allow participants to continue to be a part of their community and negate the effects of being socially isolated by improving both mental and physical health. Mae Innovate Trust Ltd wedi derbyn £39453 i ddefnyddio technolegau craff i liniaru effaith COVID-19 ar bobl ag anableddau dysgu sy'n byw mewn tai â chymorth. Bydd y technolegau a'r dyfeisiau'n caniatáu i gyfranogwyr barhau i fod yn rhan o'u cymuned a negyddu effeithiau cael eu hynysu'n gymdeithasol trwy wella iechyd meddwl a chorfforol.
Nesta - AC00673
£15,000	08/08/2017 6	Y Lab - Innovate to Save programme grant to Innovate Trust Grant Ref AC00673
National Lottery Heritage Fund - Grant to Innovate Trust
£46,100	26/05/2017	Cardiff Universities Social Services, the Untold Story
National Lottery Community Fund - Green Days
£248,713	30/07/2014 36	Not Available
Esmee Fairbairn - Grant to Innovate Trust
£79,905	18/12/2013	Towards core costs of a project that supports young people with learning disabilities from education to employment opportunities.
Esmee Fairbairn - Grant to Innovate Trust
£74,843	04/08/2010 36	Towards Core costs Towards the salary of a transitions officer.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Age Range of Trustees: 25-66

CHARLOTTE KLETTA (Chair) Appointed: 2007, Occupation: Doctor

DAVID PRATT Appointed: 2013, Occupation: Volunteer

EMMA BOARD-DAVIES Appointed: 2016, Occupation: Student

GEORGINA POWELL Appointed: 2010, Occupation: Psychologist

HENRY MORRIS Appointed: 2020, Occupation: Student

JESS RUMBLE Appointed: 2012, Occupation: Students' Officer

KEVIN O'NEILL Appointed: 2015, Occupation: Unemployed

SOPHIE ANDREWS Appointed: 2022, Occupation: N/A

SOPHIE JAYNE SMITH Appointed: 2020, Occupation: Lab Technician, Other trusteeship: Skills & Volunteering Cymru (SVC),

Legal constitution

Charitable company registered in England & Wales on 14/04/1992, number: 1010541
Registered at Companies House on 19/04/1990, number: 02493904

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Care Inspectorate Wales (CIW)

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; AR17: 1 days late, AR13: 1 days late, AR07: 41 days late,

Main office

INNOVATE TRUST
433 COWBRIDGE ROAD EAST
CARDIFF
CF5 1JH

Objectives

A) THE RELIEF OF POVERTY AND DISTRESS AMONGST PERSONS SUFFERING FROM DISABILITY OR SICKNESS PARTICULARLY LEARNING DISABILITY PHYSICAL DISABILITY AND MENTAL ILLNESS BY 1. PROVIDING FOR OR ASSISTING WITH THE CARE ACCOMMODATION TRAINING EDUCATION EMPLOYMENT AND OCCUPATION OF SUCH PERSONS AND 2. BY PROMOTING THE DEVELOPMENT OF FACILITIES FOR INDEPENDENT LIVING BY SUCH PERSONS TO ENCOURAGE THEIR GREATER INCLUSION WITHIN THEIR COMMUNITIES.B) THE RELIEF OF POVERTY AND DISTRESS AMONGST THOSE WHO CARE FOR SUCH PERSONS. C) THE EDUCATION OF THE PUBLIC IN THE NEEDS OF SUCH PERSONS.

Defined Area of Benefit:

NOT DEFINED

Data Sources