Finance Score: -7
Governance Score: 3
Support Score: 8
  • Excess reserves: -3
  • Multiple Deficits: -2
  • Fundraising costs high: -2
  • Gender balanced board: +3
  • Overall weighted 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

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£2,577£2,576£1£403£11,334£8,39639.14212
31/03/22£2,493£2,308£185£503£11,845£8,81645.83722
31/03/21£2,673£2,331£342£446£11,892£8,79645.33234
31/03/20£1,847£2,239£-393£467£11,387£8,11743.536370
31/03/19£1,887£2,196£-309£457£12,203£8,781483450
31/03/18*£1,758£1,830£-72£258£12,481£9,19260.3360
31/03/17£1,826£1,689£137£220£12,404£9,09064.6310
31/03/16£1,816£1,422£394£210£12,127£8,92275.3270
31/03/15£1,166£1,391£-225£224£11,036£7,75366.9230
31/03/14*£1,052£1,270£-218£211£8,892£5,60653230
31/03/13£985£1,172£-187£219£8,982£5,65557.9230
31/03/12£1,109£1,093£15£188£9,086£5,83764.1230

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 ?
Balance Sheet History
Established: 14 years

www.providencerow.org.uk

info@providencerow.org.uk

02074226386

Charity Commission for England and WalesCompanies HouseFacebookInstagramX
UN SDGs
?
Listed activities
  • Economic/Community Development/Employment
  • Education/Training
  • The Advancement Of Health Or Saving Of Lives
  • The Prevention Or Relief Of Poverty
GiG Classification
  • Emotional support, counselling or therapy
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 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
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 on literacy and numeracy skills, keeping and ....more
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. Once ready, targeted skills and work placement ....more
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 the root causes of homelessness, not just ....more
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)
Current Trustees appointed
Gender Split
Based on 7/8 persons

Age Range of Trustees: 50-75
  • 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
  • NICOLA SEWELL Appointed: 2024, Occupation: Director Of Continuous Improvement, Robotics, Qmo,
  • PAUL THOMAS STRANGE Appointed: 2010, Occupation: Consultant
  • RICHARD SOLOMON Appointed: 2010, Occupation: Accountant
  • 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

Charity Commission for England and Wales
360 Giving

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