Finance Score: 0

Governance Score: 6

Support Score: 11

Poor Liquidity: -1
Reasonable growth: +1

Dynamic board: +3
Gender balanced board: +3

Grant maker support: +11

Overall GiG Score: 17

NAVIGATE

Navigate CIO provides specialist money and debt advice and financial education services to individuals and families facing financial hardship and exclusion by reason of youth, age, ill health, disability, financial hardship or another disadvantage in Somerset and Devon. Our services are predominately delivered through home visits but outreach and telephone appointments are also available.

Analysis by Giving is Great

Positives:

There has been reasonable growth in spending since inception
A significant proportion of recent income was derived from major grant makers including the Government and there are significant future grants due to be received
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

Over half the Board have joined recently

Financial issues to consider:

Liquidity appears to have been slender at the latest year end

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	£557	£581	£-24	£0	£64	£44	0.9	18	0
31/03/22	£637	£634	£3	£0	£88	£42	0.8	13	1
31/03/21	£595	£538	£56	£5	£85	£38	0.9	12	0
31/03/20	£446	£417	£29	n/a	n/a	n/a	n/a	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 13%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 56%
Liabilities/Income: 14%
Unrestricted Funds/Total Funds: 69%
Reserves/Spending: 0.9 months
Net Current Assets/Spending: 1 months
Quick Ratio: 1.4

Asset Split ?

Established: 5 years

www.navigatecharity.org.uk

enquiries@navigatecharity.org.uk

01823299050

Charity Commission for England and Wales

Listed activities

Disability
Education/Training
The Prevention Or Relief Of Poverty

GiG Classification

Services for females

How it operates

Provides advocacy/advice/information
Provides services

Where it operates

Devon, Somerset,

Who it helps

Children/Young People
Elderly/Old People
People With Disabilities
The General Public/Mankind

Who works here?

18 employees

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

National Lottery Community Fund	£925,108
Henry Smith Charity	£180,000
Somerset Community Foundation	£150,891
Access to Justice Foundation	£50,000

Specific Donations

Amount	When Months	To be used for
Henry Smith Charity - Grant to Navigate Charity
£180,000	14/06/2023 36	towards three years' running costs of an organisation providing a money and debt advice service for people from disadvantaged communities in Somerset and Devon.
Quartet Community Foundation - Grant to Navigate CIO
£975	12/06/2023	As advised by donor towards debt advice.
National Lottery Community Fund - Transitions - Wis£rmoney Partnership Continuation
£403,677	23/02/2023	The funding will be used to deliver financial inclusion and advice services for vulnerable people across two deeply rural Devon districts West Devon and Torridge. The project aims to promote ....more The funding will be used to deliver financial inclusion and advice services for vulnerable people across two deeply rural Devon districts West Devon and Torridge. The project aims to promote inclusion and wellbeing.
National Lottery Community Fund - Transitions - Wis£rmoney Partnership
£131,018	24/03/2022	The project is using funding towards the Transitions project delivering financial inclusion and advice services for vulnerable people across two deeply rural Devon districts West Devon and Torridge. ....more The project is using funding towards the Transitions project delivering financial inclusion and advice services for vulnerable people across two deeply rural Devon districts West Devon and Torridge. The aim is to improve the lives and financial wellbeing of individuals and families living across Torridge and West Devon to strengthen the resilience of partners build community cohesion and reduce social isolation.
Somerset Community Foundation - Navigate the Money Maze
£150,891	05/11/2020 38	To provide financial education to the community through delivery of innovative and engaging workshops, with the intention of eliminating financial hardship for future generations.
Access to Justice Foundation - Joint Initiative Flexible COVID-19 Grant
£50,000	14/09/2020	A flexible grant as part of wave 1 of the Community Justice Fund. A pooled fund to support the specialist legal welfare advice sector in its response to COVID19
The Clothworkers Foundation - Grant to Navigate CIO
£3,600	18/05/2020	COVID19 : purchase IT and telephone equipment for a charity supports people with disabilities financial inclusion/advice services in Devon
National Lottery Community Fund - Outreach Financial Support
£10,000	23/08/2019 12	Outreach Financial Support
National Lottery Community Fund - TRANSITIONS
£380,413	24/07/2019 36	The funding will go towards continuing and expanding a successful programme which offers financial inclusion and advice services. It will go towards covering service and staff costs and events for ....more The funding will go towards continuing and expanding a successful programme which offers financial inclusion and advice services. It will go towards covering service and staff costs and events for service users. The project is a partnership between local organisations which encourages financial inclusion in heavily rural areas.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

DAWN CHRISTA VINCENT Appointed: 2023

DAVID CHARLES COOKE Appointed: 2022

JEREMY SIMON ELLISON Appointed: 2022

ANDREW HUNTER ROBERTSON PRITCHARD Appointed: 2019, Other trusteeship: TAUNTON HERITAGE TRUST,

ANDREW JAMES WALLACE Appointed: 2022, Other trusteeships: CREECH ST MICHAEL BAPTIST MANSE, CREECH ST MICHAEL BAPTIST CHURCH,

CLAUDIA MCVIE Appointed: 2023, Other trusteeship: THE ASDA FOUNDATION,

Legal constitution

Charity registered in England & Wales on 13/02/2019, number: 1182020

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
Trustee expenses policy and procedures
Volunteer management

Filing Record

4 returns made; all on time

Main office

Navigate CIO
4 King Square
BRIDGWATER
Somerset
TA6 3YF

Objectives

(1) THE RELIEF OF POVERTY OR FINANCIAL HARDSHIP, IN PARTICULAR BUT NOT EXCLUSIVELY BY PROVIDING A RANGE OF IMPARTIAL MONEY ADVICE AND SUPPORT SERVICES TO PEOPLE IN FINANCIAL HARDSHIP, INCLUDING THOSE WITH DEBT PROBLEMS AND THOSE ENCOUNTERING FUEL POVERTY OR FINANCIAL EXCLUSION, TO HELP THEM ACHIEVE GREATER FINANCIAL RESILIENCE AND CAPABILITY;(2) TO ADVANCE THE EDUCATION OF THE PUBLIC IN ALL MATTERS RELATING TO THE MANAGEMENT OF PERSONAL FINANCES, WITH PARTICULAR EMPHASIS ON ISSUES RELATING TO FINANCIAL EXCLUSION AND BUILDING INDIVIDUAL FINANCIAL RESILIENCE AND CAPABILITY; AND(3) TO PROMOTE SOCIAL INCLUSION FOR THE PUBLIC BENEFIT BY PREVENTING PEOPLE FROM BECOMING SOCIALLY EXCLUDED, RELIEVING THE NEEDS OF THOSE PEOPLE WHO ARE SOCIALLY EXCLUDED AND ASSISTING THEM TO INTEGRATE INTO SOCIETY.FOR THE PURPOSE OF THIS CLAUSE 'SOCIALLY EXCLUDED' MEANS BEING EXCLUDED FROM SOCIETY, OR PARTS OF SOCIETY, AS A RESULT OF ONE OF MORE OF THE FOLLOWING FACTORS: UNEMPLOYMENT; FINANCIAL HARDSHIP; YOUTH OR OLD AGE; ILL HEALTH (PHYSICAL OR MENTAL); SUBSTANCE ABUSE OR DEPENDENCY INCLUDING ALCOHOL AND DRUGS; DISCRIMINATION ON THE GROUNDS OF SEX, RACE, DISABILITY, ETHNIC ORIGIN, RELIGION, BELIEF, CREED, SEXUAL ORIENTATION OR GENDER RE-ASSIGNMENT; POOR EDUCATIONAL OR SKILLS ATTAINMENT; RELATIONSHIP AND FAMILY BREAKDOWN; POOR HOUSING (THAT IS HOUSING THAT DOES NOT MEET BASIC HABITABLE STANDARDS; CRIME (EITHER AS A VICTIM OF CRIME OR AS AN OFFENDER REHABILITATING INTO SOCIETY).

Data Sources