Finance Score: 2

Governance Score: -3

Support Score: 0

Liabilities <10%: +3
Excess liquidity: -1
Strong growth: +2
Multiple Deficits: -2

No conflicts policy: -1
Only 3 Trustees: -2
Good trustee age range: +3
Static board: -3

No supporters identified

Overall GiG Score: -1

EMPOWER COMMUNITY FOUNDATION

Empower Community Foundation oversees, as trustee, local community funds that receive a share of surplus revenues from renewable energy projects invested by Empower Community through, initially Empower Community Solar LLP and Drove Lane Solar Park CIC and New Mains of Guynd Solar Park CIC.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There has been strong growth in spending over the last 5 years

Regulatory & Governance issues to consider:

This charity does not have a Conflict of Interests policy
There are only 3 trustees
The Board composition appears to be rather static

Financial issues to consider:

Liquidity appeared to be in excess of CC guidelines at the latest year end especially considering the historic stability of income
On several occasions in recent years income has been less than spending

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
31/03/23	£3,272	£3,195	£77	£0	£4,242	£4,242	15.9	0
31/03/22	£2,687	£2,903	£-216	£0	£-4,271	£-4,271	-17.7	0
31/03/21	£99	£194	£-95	n/a	n/a	n/a	n/a	n/a
31/03/20	£161	£74	£88	n/a	n/a	n/a	n/a	n/a
31/03/19	£39	£40	£-1	n/a	n/a	n/a	n/a	n/a
31/03/18	£181	£153	£28	£0	£0	£0	n/a	0
31/03/17?	£0	£0	£0	n/a	n/a	n/a	n/a	n/a
30/04/16	£0	£0	£0	n/a	n/a	n/a	n/a	n/a

Show more rows -->

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 0%
Liabilities/Income: 0%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 15.9 months
Net Current Assets/Spending: 16 months
Quick Ratio: NAN

Asset Split ?

Established: 9 years
(13 years as a company)

Foundation@empowercommunity.co.uk

02030052491

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes
The Prevention Or Relief Of Poverty

GiG Classification

Community services

How it operates

Makes Grants to Individuals
Makes Grants to Organisations
Provides advocacy/advice/information
Provides other finance
Sponsors or undertakes research

Where it operates

Scotland, Throughout England And Wales,

Who it helps

Other Charities Or Voluntary Bodies
The General Public/Mankind

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (3)

Current Trustees appointed

Age Range of Trustees: 40-70

ALEX GRAYSON (Chair) Appointed: 2011, Occupation: Social Entrepreneur

HARISH CHHAGANLAL KOTECHA Appointed: 2019, Occupation: Chartered Accountant

MATTHEW THOMAS PITT Appointed: 2019, Occupation: Renewable Energy And Sustainability Engineer

Legal constitution

Charitable company registered in England & Wales on 23/03/2015, number: 1161019
Registered at Companies House on 21/04/2011, number: 07613369

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Investing charity funds policy and procedures
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Trustee expenses policy and procedures

Filing Record

8 returns made; all on time

Main office

FIRST FLOOR
10 QUEEN STREET PLACE
LONDON
EC4R 1BE

Objectives

THE OBJECTS OF THE COMPANY ARE:1) THE ADVANCEMENT OF ENVIRONMENTAL PROTECTION AND CONSERVATION OF THE NATURAL ENVIRONMENT, PARTICULARLY BY PROMOTING THE REDUCTION OF GREENHOUSE GASES (INCLUDING CARBON DIOXIDE, METHANE AND ANY OTHER GASES THAT MAY BE IDENTIFIED FROM TIME TO TIME AS HAVING A GLOBAL WARMING POTENTIAL); 2) THE PREVENTION AND RELIEF OF POVERTY, PARTICULARLY BY THE REDUCTION OF ENERGY BILLS, THROUGH THE ADVANCEMENT AND FACILITATION OF ENERGY EFFICIENCY AND RENEWABLE ENERGY MEASURES;3) THE ADVANCEMENT OF EDUCATION, PARTICULARLY IN RELATION TO ENERGY, CLIMATE CHANGE AND ENVIRONMENTAL PROTECTION AND CONSERVATION; AND 4) ANY OTHER OBJECTS WHICH ARE CHARITABLE FOR THE TIME BEING UNDER ENGLISH LAW.

Data Sources