Finance Score: 0

Governance Score: 4

Support Score: 6

Accounts filed more than 5 days late: -2 times
Strong growth: +2
No PartB

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

Grant maker support: +6

Overall GiG Score: 10

ROOTED FINANCE LIMITED

Prevention and relief of poverty through the provision of impartial debt advice to members of the public Advancement of the education of the public in the subject of debt and personal financial management Assistance and support of the development and use of financial products to provide relief to those in need by reason of financial hardship, social exclusion and other disadvantages.

Analysis by Giving is Great

Positives:

There has been strong growth in spending over the last 5 years
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
Accounts have been filed late on 2 occasions over the last 5 years and the current period appears to have been extended

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		£500	£406	£94	n/a	n/a	n/a	n/a	n/a	5
31/03/22		£518	£469	£48	£1	£253	£253	6.5	11	4
31/03/21	*	£373	£323	£50	n/a	n/a	n/a	n/a	n/a	3
31/03/20	*	£309	£289	£20	n/a	n/a	n/a	n/a	n/a	4
31/03/19		£267	£248	£20	n/a	n/a	n/a	n/a	n/a	4
31/03/18	*	£273	£277	£-4	£0	£0	£0	n/a	0	0
31/03/17	*	£473	£420	£53	£0	£0	£0	n/a	0	0
31/03/16	*	£354	£291	£63	£0	£0	£0	n/a	0	0
31/03/15	*	£220	£223	£-3	£0	£0	£0	n/a	0	0
31/03/14	*	£312	£221	£91	£0	£0	£0	n/a	0	0
31/03/13	*	£279	£329	£-49	£0	£0	£0	n/a	0	0
31/03/12	*	£279	£329	£-49	£0	£0	£0	n/a	0	0

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Highest pay bracket: less than £60,000

Established: 14 years

rootedfinance.org.uk

info@rootedfinance.org.uk

02034758811

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training
The Prevention Or Relief Of Poverty

GiG Classification

Financial and insurance services

How it operates

Provides advocacy/advice/information
Provides services
Sponsors or undertakes research

Where it operates

Central Bedfordshire, Luton, Throughout London,

Who it helps

Other Defined Groups
The General Public/Mankind

Who works here?

Unknown number of employees
5 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.

Major supporters in last 5 years

Hackney Council	£131,517
The London Community Foundation	£15,486
DCMS	£15,486

Specific Donations

Amount	When Months	To be used for
Hackney Council - Grant to Fair Money Advice
£40,000	13/10/2022	Providing qualified expert financial assessment, benefit calculations and debt advice.
Hackney Council - Grant to Fair Money Advice
£40,317	21/03/2022	FMA's journey plan sets out how it will work within the advice framework, promote continual learning measure and measure effectiveness.
Hackney Council - Grant to Fair Money Advice
£31,200	10/12/2020 12	Prevention and relief of poverty through the provision of impartial debt advice to members of the public
The London Community Foundation - Grant to Fair Money Advice
£15,486	29/09/2020	This funding is for a holistic finance, benefit and debt advice tailored to the immediate needs of service users in the current COVID-19 pandemic. We'll use existing referral channels and trusted ....more This funding is for a holistic finance, benefit and debt advice tailored to the immediate needs of service users in the current COVID-19 pandemic. We'll use existing referral channels and trusted networks to ensure vulnerable communities are not left disproportionately worse off economically as result of the crisis.
DCMS - VSCE CMC Fund
£15,486	29/09/2020	NET, Comic Relief and Children in Need will use this funding to provide: increased support to vulnerable people and hidden groups, thus reducing the burden on public services; reach local grassroots ....more NET, Comic Relief and Children in Need will use this funding to provide: increased support to vulnerable people and hidden groups, thus reducing the burden on public services; reach local grassroots and small organisations who can provide an on-the-ground community response to the crisis; and, support local charitable organisations to mobilise volunteers to enable better targeted support in communities through empowered local groups.
Hackney Council - Grant to Fair Money Advice
£20,000	26/08/2020 6	LCRF Wave 3: To fund a holistic finance, benefit and debt advice tailored to the immediate needs of service users in the current COVID-19 pandemic.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

Current Trustees appointed

Gender Split

Age Range of Trustees: 45-52

AMANDA SCOTT Appointed: 2020, Occupation: Banker

ERIK JAMES PORTER (Chair) Appointed: 2022, Occupation: Ceo

WARREN KEITH QUICK Appointed: 2022, Occupation: Banker

JENNIFER PAGE Appointed: 2020, Occupation: Banker

RACHEL BENTLEY Appointed: 2017, Occupation: Director

Legal constitution

Charitable company registered in England & Wales on 11/10/2010, number: 1138351
Registered at Companies House on 26/03/2010, number: 07205478

Gift Aid

NOT 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
Volunteer management

Filing Record

12 returns made; AR21: 28 days late, AR20: 8 days late, AR18: 26 days late, AR17: 30 days late, AR16: 1 days late, AR15: 2 days late, AR14: 1 days late, AR13: 1 days late, AR12: 212 days late,

Main office

Unit 3.2
244-254 Cambridge Heath Road
London
E2 9DA

Objectives

THE CHARITY'S OBJECTS (THE OBJECTS) ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING: 3.1 THE PREVENTION AND RELIEF OF POVERTY THROUGH THE PROVISION OF IMPARTIAL DEBT ADVICE TO MEMBERS OF THE PUBLIC IN THE UK; 3.2 THE ADVANCEMENT OF THE EDUCATION OF THE PUBLIC IN THE SUBJECT OF DEBT AND PERSONAL FINANCIAL MANAGEMENT THROUGH THE PROVISION OF ADVICE ABOUT SELF-HELP AND THE ROLE OF APPROPRIATE FINANCIAL SERVICES IN SELF-HELP; AND3.3 THE ASSISTANCE AND SUPPORT OF THE DEVELOPMENT AND USE OF FINANCIAL PRODUCTS CREATED TO PROVIDE RELIEF TO THOSE IN NEED BY REASON OF FINANCIAL HARDSHIP, SOCIAL EXCLUSION AND OTHER DISADVANTAGES.

Defined Area of Benefit:

THE UK

Data Sources