Finance Score: -7

Governance Score: 3

Support Score: 8

Excess reserves: -3
Multiple Deficits: -2
Fundraising costs high: -2

Gender balanced board: +3

Grant maker support: +8

Overall GiG Score: 4

PROVIDENCE ROW

WE PROVIDE: A RESOURCE CENTRE FOR PEOPLE WHO ARE ROUGH SLEEPING, WITH BREAKFAST, SHOWERS AND COMPUTER ACCESS; ADVICE AND SUPPORT FOR HOMELESS PEOPLE OR THOSE AT RISK OF HOMELESSNESS; RECOVERY AND PROGRESSION SERVICES FOR PEOPLE WITH MENTAL HEALTH AND SUBSTANCE MISUSE ISSUES; DRUG AND ALCOHOL OUTREACH AND REFERRAL; AND TRAINEE SCHEMES TO HELP PEOPLE MOVE INTO REGULAR LEARNING, VOLUNTEERING OR WORK.

Analysis by Giving is Great

Positives:

Spending has increased over the last 3 years relative to the previous period
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

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £8,395,723 available, equivalent to 39 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
Fundraising costs are high relative to funds raised

Established: 13 years

www.providencerow.org.uk

info@providencerow.org.uk

02074226386

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		£2,577	£2,576	£1	£403	£11,334	£8,396	39.1	42	12
31/03/22		£2,493	£2,308	£185	£503	£11,845	£8,816	45.8	37	22
31/03/21		£2,673	£2,331	£342	£446	£11,892	£8,796	45.3	32	34
31/03/20		£1,847	£2,239	£-393	£467	£11,387	£8,117	43.5	36	370
31/03/19		£1,887	£2,196	£-309	£457	£12,203	£8,781	48	34	50
31/03/18	*	£1,758	£1,830	£-72	£258	£12,481	£9,192	60.3	36	0
31/03/17		£1,826	£1,689	£137	£220	£12,404	£9,090	64.6	31	0
31/03/16		£1,816	£1,422	£394	£210	£12,127	£8,922	75.3	27	0
31/03/15		£1,166	£1,391	£-225	£224	£11,036	£7,753	66.9	23	0
31/03/14	*	£1,052	£1,270	£-218	£211	£8,892	£5,606	53	23	0
31/03/13		£985	£1,172	£-187	£219	£8,982	£5,655	57.9	23	0
31/03/12		£1,109	£1,093	£15	£188	£9,086	£5,837	64.1	23	0

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Financial Ratios

Fundraising Costs/Relevant Income: 24.3%
Fundraising Costs/Total Spending: 21%
Senior Staff Costs/Total Spending: 14%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 13%
Liabilities/Income: 67%
Unrestricted Funds/Total Funds: 74%
Reserves/Spending: 39.1 months
Net Current Assets/Spending: 8 months
Quick Ratio: 3

Asset Split ?

Listed activities

Economic/Community Development/Employment
Education/Training
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

How it operates

Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides services

Where it operates

City Of London, Tower Hamlets,

Who it helps

Other Defined Groups

Who works here?

42 employees
12 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

Ministry for Housing, Communities and Local Government	£85,000
The Rayne Foundation	£75,000
Sam and Bella Sebba Charitable Foundation	£60,000
CHK Foundation	£20,000

Specific Donations

Amount	When Months	To be used for
The Rayne Foundation - Grant to Providence Row
£75,000	08/03/2022	Towards the development of an Outreach Psychotherapy project to support entrenched and extremely vulnerable rough-sleepers and vulnerably housed people in Tower Hamlets.
CHK Foundation - CHK Emergency /Disaster Grant
£10,000	05/07/2021	to support specified work
CHK Foundation - CHK Discretionary Grant
£10,000	12/05/2020	towards the Emergency COVID Appeal
Ministry for Housing, Communities and Local Government - MHCLG Homelessness Fund
£85,000	07/05/2020	Organisations supporting homelessness
The Leathersellers' Company Charitable Fund - Grant to Providence Row
£15,000	16/04/2020 12	Emergency Covid Additional Grant unrestricted core costs
Sam and Bella Sebba Charitable Foundation - Grant to Providence Row
£60,000	24/03/2020	Towards core funding
The Leathersellers' Company Charitable Fund - Grant to Providence Row
£60,000	18/06/2018 48	Main Grant unrestricted core costs
National Lottery Community Fund - Learning and wellbeing: Explore and fulfill your potential
£438,838	20/09/2017 48	This group will develop their project, which supports homeless people lead an independent life away from poverty, addiction, isolation and ill-health. Activities will include workshops and training ....more This group will develop their project, which supports homeless people lead an independent life away from poverty, addiction, isolation and ill-health. Activities will include workshops and training on literacy and numeracy skills, keeping and maintaining a tenancy, money and debt management and a digital skills to increase confidence with IT. Health and wellbeing issues will be addressed through conflict resolution, positive relationships, overcoming anger, team building, yoga and arts sessions.
Comic Relief - Steps away from the street: Scaling up Providence Row Enterprise and Training
£40,000	30/11/2016 24	Nestled in the heart of the City of London Providence Row provides a wide range of innovative support, advice and training opportunities including horticulture and mindfulness to homeless people. ....more Nestled in the heart of the City of London Providence Row provides a wide range of innovative support, advice and training opportunities including horticulture and mindfulness to homeless people. Once ready, targeted skills and work placement opportunities are offered through its social enterprise ‘Rise Bakery’ and other corporate partners to help people progress and move into stable accommodation and employment. Comic Relief funding will enable Providence Row to increase the number of work placements and accredited training opportunities provided by supporting staffing capacity in these areas.
Comic Relief - Scaling up Providence Row Enterprise and Training
£40,000	31/10/2016	Scaling up Providence Row Enterprise and Training
Lankelly Chase Foundation - Grant to Providence Row
£10,000	10/12/2015 12	Project evaluation relating to existing grant aiming to build the input of people with lived experience into local policy & practice
Greater London Authority - Grant to Providence Row
£5,000	01/09/2015	Increasing groupd volunteering and supporting skills based volunteering
Greater London Authority - Grant to Providence Row
£9,982	13/11/2014	Speed Volunteering project - Providence Go!
National Lottery Community Fund - Providence Row Learning Programme
£332,878	29/04/2013 48	This is a new project by Providence Row to improve the lives of homeless people in the target London areas through personal development, training, volunteering and community action. PR aims to tackle ....more This is a new project by Providence Row to improve the lives of homeless people in the target London areas through personal development, training, volunteering and community action. PR aims to tackle the root causes of homelessness, not just immediate needs, with its role being to enable a transition by this very excluded group into mainstream employment, activities and community based support.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Based on 6/7 persons

Age Range of Trustees: 53-75

ANTHONY TAMA Appointed: 2021, Occupation: Lawyer

ELIZABETH MARY CANNING (Chair) Appointed: 2010, Occupation: Compliance Officer

JONATHAN RHODES Appointed: 2014, Occupation: Chartered Surveyor

LINDA ELIZABETH MCHUGH Appointed: 2013, Occupation: Management Consultant

PAUL THOMAS STRANGE Appointed: 2010, Occupation: Consultant

RICHARD SOLOMON Appointed: 2010, Occupation: Accountant, Other trusteeships: THE CUCKOO HILL TRUST, LORETTO UK,

RIGHT REVEREND NICHOLAS HUDSON Appointed: 2017, Occupation: Bishop

Legal constitution

Charitable company registered in England & Wales on 02/02/2011, number: 1140192
Registered at Companies House on 26/11/2010, number: 07452798

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
Internal risk management policy and procedures
Investing charity funds 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
Volunteer management

Filing Record

12 returns made; AR18: 1 days late, AR14: 1 days late,

Recent reorganisation events:

Asset transfer in from CARRIE’S HOME FOUNDATION CIO on 02/01/2024

Main office

PROVIDENCE ROW
DELLOW CENTRE
82 WENTWORTH STREET
LONDON
E1 7SA

Objectives

2. OBJECTSTHE OBJECT OF THE CHARITY IS THE RELIEF OF PERSONS WHO ARE IN NEED, HARDSHIP OR DISTRESSBY:2.1 MAKING GRANTS OF MONEY TO THEM; OR2.2 PROVIDING OR PAYING FOR GOODS OR SERVICES OR FACILITIES FOR THEM; OR2.3 MAKING GRANTS OF MONEY TO OTHER PERSONS OR BODIES WHO PROVIDE GOODS, SERVICES OR FACILITIES TO THOSE IN NEED.

Data Sources