Finance Score: 5

Governance Score: -5

Support Score: 0

Strong growth: +2
Fundraising costs low: +3

Only 3 Trustees: -2
All female board: -3

No supporters identified

Overall GiG Score: 0

FUEL BANK FOUNDATION

The Fuel Bank Foundation was set up to help as many people as possible benefit from fuel crisis support so fewer people are left without access to energy for the basics. The initial focus will be to widen the reach of Fuel Banks, so more people can access the support.

Analysis by Giving is Great

Positives:

There has been strong growth in spending since inception
There have been no income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government

Regulatory & Governance issues to consider:

There are only 3 trustees
The Board is completely female
Over half the Board have joined recently

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	*	£22,213	£13,346	£8,868	£80	£15,675	£3,466	3.1	11
31/03/22	*	£6,893	£3,638	£3,255	£0	£6,808	£2,651	8.7	2
31/03/21		£4,536	£1,437	£3,098	£60	£3,553	£2,586	21.6	5
31/03/20		£1,502	£1,135	£367	£4	£454	£408	4.3	2
31/03/19		£113	£25	£88	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0.4%
Fundraising Costs/Total Spending: 0.6%
Senior Staff Costs/Total Spending: 1%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 1%
Liabilities/Income: 0%
Unrestricted Funds/Total Funds: 22%
Reserves/Spending: 3.1 months
Net Current Assets/Spending: 14 months
Quick Ratio: 172.5

Asset Split ?

Established: 7 years

help@fuelbankfoundation.org

07989 700689

Charity Commission for England and Wales

Listed activities

The Prevention Or Relief Of Poverty

GiG Classification

Grant-making foundations

How it operates

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

Where it operates

Scotland, Throughout England And Wales,

Who it helps

The General Public/Mankind

Who works here?

11 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (3)

Current Trustees appointed

Gender Split

HELEN ADEY (Chair) Appointed: 2022

LAURA HAWKSWORTH Appointed: 2018

NICOLA ZAMBLERRA Appointed: 2022

Legal constitution

Charity registered in England & Wales on 09/10/2017, number: 1175049

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Trustee conflicts of interest policy and procedures

Filing Record

5 returns made; AR23: 5 days late, AR22: 213 days late,

Main office

Room 10
Wombourne Civic Centre
Gravel Hill
Wombourne
Staffordshire
WV5 9HA

Objectives

THE PREVENTION OR RELIEF OF POVERTY IN ENGLAND AND WALES BY PROVIDING GRANTS, ITEMS AND SERVICES TO INDIVIDUALS IN NEED AND CHARITIES OR OTHER ORGANISATIONS WORKING TO PREVENT OR RELIEVE POVERTY, TO UNDERTAKE AND SUPPORT RESEARCH INTO FACTORS THAT CONTRIBUTE TO POVERTY AND THE MOST APPROPRIATE WAYS TO MITIGATE THESE.

Data Sources