Finance Score: -1

Governance Score: -9

Support Score: 5

Liabilities <10%: +3
Excess reserves: -5
Multiple Deficits: -2
Fundraising costs low: +3

Only 3 Trustees: -2
Narrow trustee age band: -2
Very static board: -5

Grant maker support: +5

Overall GiG Score: -5

ARACHNE GREEK CYPRIOT WOMEN'S GROUP

The charity promotes the benefit of Greek and Greek Cypriot women and children to advance education, provide facilities in the interest of social welfare for recreation and leisure time occupation to improve the conditions of life of the said women and children.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government

Regulatory & Governance issues to consider:

There are only 3 trustees
The Board composition appears to be very static and has little diversity in terms of age

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £1,159,863 available, equivalent to 109 months of spending and so may not be able to utilise additional funding
On several occasions in recent years income has been less than spending

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		£663	£128	£535	£2	£1,203	£1,160	108.8	5	4
31/03/22		£656	£118	£538	£0	£668	£604	61.3	5	5
31/03/21		£194	£157	£36	n/a	n/a	n/a	n/a	n/a	4
31/03/20		£69	£121	£-52	n/a	n/a	n/a	n/a	n/a	5
31/03/19		£34	£104	£-70	n/a	n/a	n/a	n/a	n/a	5
31/03/18		£186	£165	£21	£0	£0	£0	n/a	0	0
31/03/17		£163	£177	£-14	£0	£0	£0	n/a	0	0
31/03/16		£170	£163	£7	£0	£0	£0	n/a	0	0
31/03/15		£172	£140	£32	£0	£0	£0	n/a	0	0
31/03/14		£124	£135	£-11	£0	£0	£0	n/a	0	0
31/03/13		£127	£142	£-16	£0	£0	£0	n/a	0	0
31/03/12		£171	£163	£9	£0	£0	£0	n/a	0	0
31/03/11		£188	£160	£28	£0	£0	£0	n/a	0	0
31/03/10	*	£89	£111	£-22	£0	£0	£0	n/a	0	0
31/03/09		£233	£168	£64	£0	£0	£0	n/a	0	0
31/03/08		£207	£170	£37	£0	£0	£0	n/a	0	0
31/03/07		£160	£160	£0	£0	£0	£0	n/a	0	0
31/03/06		£147	£139	£8	£0	£0	£0	n/a	0	0
31/03/05	*	£171	£154	£18	£0	£0	£0	n/a	0	0
31/03/04		£134	£117	£17	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.4%
Fundraising Costs/Total Spending: 1.8%
Highest pay band: Less than £60,000
Liabilities/Assets: 1%
Liabilities/Income: 2%
Unrestricted Funds/Total Funds: 96%
Reserves/Spending: 108.8 months
Net Current Assets/Spending: 18 months
Quick Ratio: 17.7

Asset Split ?

Established: 25 years

www.arachne-group.org

info@arachne-group.org

02072636336

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Disability
Education/Training
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

GiG Classification

Services for females

How it operates

Provides advocacy/advice/information
Provides human resources

Where it operates

Throughout London,

Who it helps

Children/Young People
Elderly/Old People
People Of A Particular Ethnic Or Racial Origin
People With Disabilities

Who works here?

5 employees
4 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
City Bridge Trust - Grant to Arachne Greek Cypriot Women's Group
£10,000	15/12/2020	0
City Bridge Trust - Grant to Arachne Greek Cypriot Women's Group
£10,500	19/05/2020	A grant of £10,500 to fund the essential and urgent costs outlined in the appliciation, so that the organisation can carry on providing support to Londoners.
National Lottery Community Fund - 3 year chief executive
£300,000	24/03/2020	This funding will provide a new chief executive role. This will empower the organisation and strengthen its capacity by reviewing, developing and implementing a strategic plan to address community ....more This funding will provide a new chief executive role. This will empower the organisation and strengthen its capacity by reviewing, developing and implementing a strategic plan to address community need and the impact of the local and national policy agenda, underpinned by robust financial management, good governance and general management. The grant will support the expansion of current training and advice work to the wider community.
Home Office - EU Settlement Grant Scheme Funding 2019-20
£20,386	01/04/2019	This grants scheme is enabling organisations to provide practical support to vulnerable EU citizens through information-giving, advice and provision of technology and assistance to help them make ....more This grants scheme is enabling organisations to provide practical support to vulnerable EU citizens through information-giving, advice and provision of technology and assistance to help them make their Scheme application by 30 June 2021. This support could be provided through a range of activities such as information giving, improving understanding of the scheme, provision of technology and direct assistance to help them make their Scheme application no later than 30 June 2021. It is essential that the support provided via the grants scheme leads to applications submitted to the Home Office.The grant scheme will ensure that the necessary support is available across the UK so that everyone who qualifies for the Scheme can complete the application process by 30 June 2021.
National Lottery Community Fund - Building and sustaining bridges of inclusion
£363,997	02/04/2015 36	This project will use the funding to develop their activities to improve Greek and Greek Cypriot women's ability to become active citizens in their local community. The project will achieve this ....more This project will use the funding to develop their activities to improve Greek and Greek Cypriot women's ability to become active citizens in their local community. The project will achieve this through outreach work, employability sessions, English lessons, health education, and advice and advocacy on benefits and accessing services. The project aims to reduce poverty and isolation, and to increase independence.
National Lottery Community Fund - Development and strengthen the community to improve life skills and health
£499,989	10/02/2010 60	Through the extension and development of three existing projects, Arachne Greek Cypriot Women's Group ('Arachne') aims to improve the life skills and health of Greek and Greek Cypriot women of all ....more Through the extension and development of three existing projects, Arachne Greek Cypriot Women's Group ('Arachne') aims to improve the life skills and health of Greek and Greek Cypriot women of all ages.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (3)

Current Trustees appointed

Age Range of Trustees: 63-69

CHRISTALLA SAVVA (Chair) Appointed: 1999, Occupation: Teacher Assistant

KIRIAKOULA SOPHIE PAPAMICHAEL Appointed: 1999, Occupation: House Wife

MARIA GEORGOULA Appointed: 2002, Occupation: Housewife

Legal constitution

Charitable company registered in England & Wales on 03/06/1999, number: 1075807
Registered at Companies House on 15/04/1999, number: 03753032

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Financial Conduct Authority

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
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; AR10: 13 days late, AR05: 1 days late,

Recent reorganisation events:

Asset transfer in from ISLINGTON CYPRIOT COMMUNITY ASSOCIATION on 23/03/2023

Main office

Arachne Greek Cypriot Womens Group
13-15 Hercules Street
LONDON
N7 6AT

Objectives

(1) TO PROMOTE THE BENEFIT OF THE INHABITANTS OF THE LONDON BOROUGH OF ISLINGTON AND THE SURROUNDING AREAS AND IN PARTICULAR GREEK AND GREEK CYPRIOT WOMEN AND CHILDREN BY ASSOCIATING TOGETHER THE SAID INHABITANTS AND THE LOCAL AUTHORITY, VOLUNTARY AND OTHER ORGANISATIONS IN A COMMON EFFORT TO ADVANCE EDUCATION, PROVIDE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION AND LEISURE-TIME OCCUPATION WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE SAID INHABITANTS; (2) TO ESTABLISH OR SECURE THE ESTABLISHMENT OF A COMMUNITY CENTRE AND TO MAINTAIN AND MANAGE THE SAME (WHETHER ALONE OR IN CO-OPERATION WITH ANY LOCAL AUTHORITY OR OTHER PERSON OR BODY) IN FURTHERANCE OF THESE OBJECTS; (3) THE RELIEF OF POVERTY OR SICKNESS AND THE DISTRESS ARISING THEREFROM AND THE PROTECTION AND PRESERVATION OF GOOD HEALTH.

Defined Area of Benefit:

ISLINGTON AND THE SURROUNDING AREAS

Data Sources