Finance Score: 7

Governance Score: 0

Support Score: 7

Strong growth: +2
Future income +5
No PartB

Large volunteers +3
Overall weighted support: +4

Overall GiG Score: 14

POVERTY SOLUTION FOUNDATION

Relief of poverty through the provision of educational resources, materials and financial support: B.Promoting and protecting Health and Well-being of children and young people,family through provision of support, education and practical advice in Newcastle and Gateshead: C. Helping them develop their skills, capacity and capabilities to enable them participate in society and inclusion

Analysis by Giving is Great

Positives:

This charity has been successful in attracting volunteers relative to its size
There has been strong growth in spending over the last 5 years
There have been no income shortfalls in recent years
A significant proportion of recent income was derived from major grant makers and there are significant future grants due to be received

Financial issues to consider:

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

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
31/03/23	£13	£12	£1	n/a	n/a	n/a	n/a	n/a	n/a
31/03/22	£10	£9	£1	n/a	n/a	n/a	n/a	n/a	n/a
31/03/21	£7	£6	£1	n/a	n/a	n/a	n/a	n/a	n/a
31/03/20	£4	£3	£1	n/a	n/a	n/a	n/a	n/a	n/a
31/03/19	£4	£3	£1	n/a	n/a	n/a	n/a	n/a	n/a
31/03/18	£4	£3	£1	n/a	n/a	n/a	n/a	n/a	n/a
31/03/17	£4	£2	£2	n/a	n/a	n/a	n/a	n/a	n/a
31/03/16	£3	£2	£1	n/a	n/a	n/a	n/a	n/a	n/a
31/03/15	£3	£1	£1	n/a	n/a	n/a	n/a	n/a	n/a
31/03/14	£3	£2	£1	n/a	n/a	n/a	n/a	n/a	n/a
31/03/13	£1	£1	£0	n/a	n/a	n/a	n/a	n/a	n/a
31/03/12	£3	£2	£1	n/a	n/a	n/a	n/a	n/a	n/a
31/03/11	£1	£1	£0	n/a	n/a	n/a	n/a	n/a	n/a
31/03/10	£3	£2	£0	n/a	n/a	n/a	n/a	n/a	n/a

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Highest pay bracket: less than £60,000

Balance Sheet History

Established: 15 years

www.psfeducational.com

phina.nwoye@yahoo.com

07999714763

Charity Commission for England and Wales

Listed activities

Education/Training
Human Rights/Religious Or Racial Harmony/Equality Or Diversity
Other Charitable Purposes
The Prevention Or Relief Of Poverty

GiG Classification

How it operates

Makes grants to individuals
Makes grants to organisations
Other charitable activities
Provides advocacy/advice/information
Provides other finance

Where it operates

Gateshead, Newcastle Upon Tyne City, Nigeria,

Who it helps

Children/Young People
Other Defined Groups
People Of A Particular Ethnic Or Racial Origin
The General Public/Mankind

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 Heritage Fund - Grant to POVERTY SOLUTION FOUNDATION
£9,970	03/10/2023	Skill for Life Centre
National Lottery Community Fund - Health and well-being activities poverty relief
£9,940	23/09/2022	The organisation will run a programme of activities for BAME community members including fitness sessions social events for families and children and young people and educational health workshops and ....more The organisation will run a programme of activities for BAME community members including fitness sessions social events for families and children and young people and educational health workshops and support with food travel and essential items for those in financial hardship.
National Lottery Community Fund - Health and well-being activities poverty relief and educational support
£5,800	16/07/2021	The project will use the funding to deliver health and wellbeing workshops including exercise and healthy eating for the local BAME community. It will also provide mental health awareness raising ....more The project will use the funding to deliver health and wellbeing workshops including exercise and healthy eating for the local BAME community. It will also provide mental health awareness raising sessions around children and young people to help dispel negative myths and provide access to poverty relief including clothes and food. This aims to reduce isolation and improve wellbeing.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)

DR BETTY NWABINEU

DR NWACHUKWU JAMES NWABEINELI

DR TONTI TOCHI NDUBUISI Appointed: 2024

PHINA NWOYE (Chair)

PROF EPHRAIM NWOYE

REV JOHN BABATOPE AMEOBI PHD

Legal constitution

Charity registered in England & Wales on 26/03/2009, number: 1128830

Gift Aid

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
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

14 returns made; all on time

Main office

55 MONDAY CRESCENT
NEWCASTLE UPON TYNE
NE4 5BG

Objectives

The charity?s objects are, for the public benefit:The relief of poverty in the world through the provision of educational resources and materials and financial support.To act as a resource for young people and their families living in Newcastle, Gateshead and surrounding areas, by providing advice and assistance as a means of:(a) advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;(b) promoting and protecting the mental health of young people through the provision of support, education and practical advice.

Defined Area of Benefit:

THE WORLD