Finance Score: 2
Governance Score: 4
Support Score: 6
  • Strong growth: +2
  • Only 3 Trustees: -2
  • Good trustee age range: +3
  • Gender balanced board: +3
  • Overall weighted support: +6
Overall GiG Score: 12 ?

GIROSCOPE LIMITED

Giroscope buys and renovates empty property. We then let this property to people in housing need as well as to social enterprises and community organisations. We also provide training opportunities for disadvantaged people.
Analysis by Giving is Great

Positives:

  • This charity has an endowment fund which generates much of its income. Its latest spending amounts to 19.5% of total funds
  • There has been strong growth in spending over the last 5 years
  • A significant proportion of recent income was derived from major grant makers including the Government

Regulatory & Governance issues to consider:

  • Why are there only 3 trustees?

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k
Spending
£k
Surplus/
Deficit £k
Fundraising
Cost £k
Total
Funds £k
Unrestricted
Funds £k
Mths
Rsrvs
Staff Volun-
teers
31/12/23£1,198£1,006£192£0£5,169£5,10960.918120
31/12/22£1,153£996£157£0£4,977£4,96559.819103
31/12/21£1,039£870£170£0£4,820£4,81566.41571
31/12/20£923£707£215£0£3,730£3,73063.31265
31/12/19*£758£614£144£0£3,514£3,51468.611140
31/12/18£641£538£104£0£3,371£3,37175.3100
31/12/17£587£436£151£0£3,267£3,2679080
31/12/16£563£387£177£0£2,978£2,97892.560
31/12/15£471£374£97n/an/an/an/an/an/a
31/12/14£364£314£50n/an/an/an/an/an/a
31/12/13£259£206£53n/an/an/an/an/an/a
31/12/12£215£175£39n/an/an/an/an/an/a
31/12/11£201£172£30n/an/an/an/an/an/a
31/12/10£141£136£5n/an/an/an/an/an/a
31/12/09£150£142£8n/an/an/an/an/an/a
31/12/08£115£100£14n/an/an/an/an/an/a
31/12/07£96£69£27n/an/an/an/an/an/a

Financial Ratios
Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 45%
Liabilities/Income: 355%
Unrestricted Funds/Total Funds: 99%
Reserves/Spending: 60.9 months
Net Current Assets/Spending: -0 months
Quick Ratio: 0.6
Asset Split ?
Balance Sheet History
Established: 18 years
(38 years as a company)

www.giroscope.org.uk

info@giroscope.org.uk

01482576374

Charity Commission for England and WalesCompanies HouseFacebookX
UN SDGs
?
Listed activities
  • Accommodation/Housing
  • Economic/Community Development/Employment
  • Education/Training
  • The Prevention Or Relief Of Poverty
GiG Classification
  • Other facilities management and maintenance
How it operates
  • Other charitable activities
  • Provides advocacy/advice/information
  • Provides buildings/facilities/open space
  • Provides services
Where it operates
  • East Riding Of Yorkshire,
Who it helps
  • The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

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

Major supporters in last 5 years
Garfield Weston Foundation£50,000
Architectural Heritage Fund£14,100
Sport England£3,270
Tudor Trust£2,000
Specific Donations
Amount When
Months
To be used for
Garfield Weston Foundation - Main Grants award
£20,000 13/10/2023
St Matthews Phase 2
Two Ridings Community Foundation - Cost of Living
£1,930 10/11/2022
Funding for warm bedding, clothes, slow cookers, pre-payment support for tenants in receipt of benefits including single mums and refugees in a deprived area of Hull.
Architectural Heritage Fund - Grant to Giroscope Limited
£14,100 29/07/2022
West Park Palace (former Premiere Bar)
Garfield Weston Foundation - Main Grants award
£30,000 20/08/2021
Redevelopment of the former St Matthew's Church, Hull
Sport England - TGC CF Yo Go Girl
£3,270 30/07/2021
12
This project will provide weekly yoga sessions for up to 50 women at risk of homelessness or domestic violence.
Tudor Trust - Grant to Giroscope Ltd
£2,000 21/01/2021
as an additional grant to support staff, volunteer and trustee wellbeing, to assist the organisation deliver its charitable purpose more effectively
National Lottery Community Fund - Social Food and Wholesome Eating
£10,000 25/04/2019
12
The project will create a working kitchen and provide cooking sessions and catering training. The aim is to build life skills and improve health through food awareness.
Tudor Trust - Grant to Giroscope Ltd
£36,000 20/03/2018
36
over three years towards the running costs of a project providing accommodation for destitute asylum seekers and migrants in Hull_x000D_
LandAid Charitable Trust - Hull Young Futures Project
£40,485 12/03/2018
11
Giroscope is proposing to run a 12 month project to renovate 5 empty properties. We will target some of the most difficult empty properties that are in need of extensive renovation. On completion, our project will provide 5 shared houses (14 bedroom ....more
Two Ridings Community Foundation - Giroscope Computer Project
£4,000 12/12/2017
Funding to support young volunteers with learning difficulties to refurbish computers and then provide computer training to the wider community.
Lloyds Bank Foundation - Grant to Giroscope Limited
£69,600 28/11/2017
36
the charity renovates poor quality property in order to provide affordable quality homes to people in housing need. It does this by offering supported volunteering to people who are long term unemployed so that they can enhance their employability
Power to Change - Giroscope Limited
£250,000 01/11/2017
60
Grant to Giroscope Limited
National Lottery Community Fund - Boulevard Mad Yard Art
£10,000 16/09/2016
12
Boulevard Mad Yard Art
Nationwide Foundation - Grant to Giroscope Limited
£124,560 23/03/2016
The provision of affordable accommodation for those in housing need and the relief of unemployment. The main activity is the purchase of empty & dereliect properties, bringing them back into use to provide secure, affordable homes to those in ....more
LandAid Charitable Trust - Hull Young Futures Project
£85,640 08/03/2016
12
‘Hull Young Futures Project’ in the West Hull wards of Newington and/or St. Andrews. LandAid funding will provide £64,000 for the renovation of two large four bedroom houses which will provide emergency/short-term accommodation for eight young ....more
Power to Change - Giroscope Limited
£3,239 01/06/2015
Provided Capacity Support to Giroscope Limited
Lloyds Bank Foundation - Grant to Giroscope Limited
£35,000 28/03/2014
Giroscope renovate empty housing through the use of volunteers who are trained in construction skills to help them improve their employability. They will use a grant to fund a new Volunteer Support Worker.
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (3)
Current Trustees appointed
Gender Split

Age Range of Trustees: 38-60
  • ALAN BROCKLEHURST Appointed: 2006, Occupation: Accountant
  • DR AVIV JACOB KRUGLANSKI Appointed: 2024, Occupation: Researcher
  • HOLLY GALBRAITH Appointed: 2020, Occupation: Architect
Legal constitution
  • Charitable company registered in England & Wales on 04/01/2007, number: 1117457
  • Registered at Companies House on 13/08/1986, number: 02046356
Gift Aid
  • NOT registered with HMRC for Gift Aid
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
  • 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
17 returns made; AR19: 4 days late,
Main office

69 Coltman Street
HULL
HU3 2SJ

Objectives

(1) TO ASSIST IN THE PROVISION OF AFFORDABLE HOUSING ACCOMMODATION FOR PERSONS IN CONDITIONS OF NEED, POVERTY OR DISTRESS ON TERMS APPROPRIATE TO THEIR MEANS.(2) THE RELIEF OF UNEMPLOYMENT FOR THE BENEFIT OF THE PUBLIC IN SUCH WAYS AS MAY BE THOUGHT FIT.

Defined Area of Benefit:

NOT DEFINED. IN PRACTICE, HULL EAST YORKSHIRE.

Data Sources

Charity Commission for England and Wales
360 Giving

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