Finance Score: 0

Governance Score: 4

Support Score: 7

No PartB

Narrow trustee age band: -2
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +7

Overall GiG Score: 11

COVENTRY INDEPENDENT ADVICE SERVICE

We offer free advice, information and support to Coventry residents via outreach services. We hold the Advice Quality Standard for our debt and welfare benefits advice, a nationally recognised quality mark for public advice organisations. We are members of AdviceUK and our debt advice is regulated by the Financial Conduct Authority. Our aim is to combat poverty and financial exclusion.

Analysis by Giving is Great

Positives:

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 gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

The Board has little diversity in terms of age

Financial issues to consider:

A PartB annual return has not been required and so detailed financial information is not available from the online data

Established: 31 years

www.covadvice.org.uk

info@covadvice.org.uk

02476521100

Charity Commission for England and Wales

Tweets

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		£415	£440	£-25	n/a	n/a	n/a	n/a	n/a	6
31/03/22		£397	£454	£-57	n/a	n/a	n/a	n/a	n/a	5
31/03/21		£498	£449	£49	n/a	n/a	n/a	n/a	n/a	8
31/03/20		£394	£437	£-42	n/a	n/a	n/a	n/a	n/a	8
31/03/19		£379	£362	£17	n/a	n/a	n/a	n/a	n/a	5
31/03/18		£344	£330	£15	£0	£0	£0	n/a	0	0
31/03/17		£335	£291	£44	£0	£0	£0	n/a	0	0
31/03/16		£394	£294	£100	£0	£0	£0	n/a	0	0
31/03/15		£152	£147	£4	£0	£0	£0	n/a	0	0
31/03/14		£143	£153	£-10	£0	£0	£0	n/a	0	0
31/03/13		£159	£157	£2	£0	£0	£0	n/a	0	0
31/03/12	*	£160	£164	£-4	£0	£0	£0	n/a	0	0
31/03/11		£165	£159	£5	£0	£0	£0	n/a	0	0
31/03/10		£159	£170	£-11	£0	£0	£0	n/a	0	0
31/03/09		£137	£155	£-18	£0	£0	£0	n/a	0	0
31/03/08		£176	£188	£-12	£0	£0	£0	n/a	0	0
31/03/07		£162	£182	£-20	£0	£0	£0	n/a	0	0
31/03/06		£168	£175	£-7	£0	£0	£0	n/a	0	0
31/03/05	*	£241	£201	£40	£0	£0	£0	n/a	0	0
31/03/04		£203	£193	£10	£0	£0	£0	n/a	0	0

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Highest pay bracket: less than £60,000

What it does

Economic/Community Development/Employment
The Prevention Or Relief Of Poverty

Who works here?

6 volunteers

Who it helps

The General Public/Mankind

How it operates

Provides advocacy/advice/information

Where it operates

Coventry City,

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.

Major supporters in last 5 years

National Lottery Community Fund	£194,334
HM Revenue & Customs	£26,969
Heart Of England Community Foundation	£20,795
DCMS	£4,380

Specific Donations

Amount	When Months	To be used for
National Lottery Community Fund - Volunteer Development Programme
£184,534	15/12/2022	Funding will be used for a Volunteer Development Programme to assist in delivering welfare rights and debt advice. This includes health and safety EDI and safeguarding training with the opportunity ....more Funding will be used for a Volunteer Development Programme to assist in delivering welfare rights and debt advice. This includes health and safety EDI and safeguarding training with the opportunity to support volunteers’ NVQ qualifications.
National Lottery Community Fund - Volunteer Advisors
£9,800	07/05/2021	The funding will be used to purchase laptops enabling volunteers to deliver the debt and benefit advice service online to users. Volunteers will provide translation signposting advice and information ....more The funding will be used to purchase laptops enabling volunteers to deliver the debt and benefit advice service online to users. Volunteers will provide translation signposting advice and information regarding finances for those who find themselves in difficulty.
Heart Of England Community Foundation - Grant to Coventry Independent Advice Service Ltd
£10,000	28/01/2021	In order for the organisation to provide benefit and debt advice to residents of Coventry.
DCMS - Coronavirus Community Support Fund
£4,380	03/08/2020	"The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to ....more "The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to operate, thereby reducing the burden on public services.2) To ensure essential services are provided to vulnerable people, both in the short and long term through increased community support through the work of charitable organisations."
Heart Of England Community Foundation - Grant to Coventry Independent Advice Service Ltd
£5,000	17/06/2020 6	To further support the organisation to adapt their services to support those in need in Coventry with advice and guidance around a variety of issues including debt and housing advice.
HM Revenue & Customs - HMRC Grant Funding
£26,969	01/04/2020	Supporting HMRC customers who need extra help accessing HMRC services
Heart Of England Community Foundation - Mother & Daughter Financial Workshops
£5,795	27/11/2019 11	to set up and run financial workshops for mums, daughters and potentially grandmothers from BAME communities.
Henry Smith Charity - Grant to Coventry Independent Advice Service
£122,000	14/03/2018 36	towards three years' running costs of a project providing benefit and debt advice in a deprived area of Warwickshire
National Lottery Community Fund - Financial Capability+Inclusion Workshop
£4,180	29/11/2017 12	This project will deliver financial capability workshops for people who are homeless or at risk of becoming homeless. This will build confidence in managing finances and develop skills of volunteers ....more This project will deliver financial capability workshops for people who are homeless or at risk of becoming homeless. This will build confidence in managing finances and develop skills of volunteers supporting the sessions.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

Based on 5/6 persons

Age Range of Trustees: 52-66

CLLR RACHEL LANCASTER Appointed: 2014, Occupation: Councillor

DAMON SWINDELL Appointed: 2021, Occupation: Company Director

ISABELLE OSBORNE Appointed: 2015, Occupation: Manager Of Credit Union

JAMES ROSE Appointed: 2022, Occupation: Accountant, Other trusteeship: FEEDING COVENTRY,

MARK ANTHONY MONAGHAN Appointed: 2019, Occupation: Senior Social Work Practitioner

ZAINIB HUSSAIN Appointed: 2022, Occupation: Freelance Consultant, Other trusteeship: RELATE COVENTRY & WARWICKSHIRE,

Legal constitution

Charitable company registered in England & Wales on 13/11/1992, number: 1015216
Registered at Companies House on 02/11/1992, number: 02761115

Gift Aid

NOT registered with HMRC for Gift Aid

Other Regulators

Financial Conduct Authority

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity 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
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; AR12: 3 days late, AR05: 57 days late,

Main office

Oakwood House
Cheylesmore
COVENTRY
CV1 2HL

Objectives

To promote any charitable purpose for the public benefit of communities in Coventry and the surrounding areas, predominantly by providing information, advice, public education and other support to relieve poverty and hardship, reduce inequality and improve quality of life.

Defined Area of Benefit:

NORTH AND EAST COVENTRY

Data Sources