Overall GiG Score: 4 ?
Finance Score: -2
Governance Score: 1
Support Score: 5
  • Multiple Deficits: -2
  • No PartB
  • Good trustee age range: +3
  • Very static board: -5
  • Gender balanced board: +3
  • Grant maker support: +5

FINANCIAL FITNESS RESOURCE TEAM 

Analysis by Giving is Great

Positives:

  • The charity has received backing from several prominent grant makers recently
  • Spending has increased over the last 3 years relative to the previous period
  • The Board appears to be well diversified in terms of age and gender
  • This charity is based in an area of extremely high deprivation

Regulatory & Governance issues to consider:

  • The Board composition appears to be very static

Financial issues to consider:

  • On several occasions in recent years income has been less than spending
Established: 24 years
Scottish Charity RegulatorCompanies House
Financial Data
Income & Spending ?
Period ending 31/03/18 31/03/19 31/03/20 31/03/21 31/03/22 31/03/23
Charitable activities
Donations & Legacies £380,714 £298,200 £328,452
Other Income £307,464
Investment Income £1,288
Total income £307,464 £380,714 £298,200 £328,452 £266,763 £272,045
Charitable activities spending £346,937
Fundraising costs 72% 87% 93% 119%
Other spending £287,889 £3,120
Total spending £287,889 £272,541 £259,167 £305,592 £317,931 £350,057
Surplus/deficit £19,575 £108,173 £39,033 £22,860 -£51,168 -£78,012
What it does
  • It carries out activities or services itself
Who it helps
  • No specific group, or for the benefit of the community
Purposes
  • The prevention or relief of poverty
Where it operates
  • Wider, but within one local authority area, main operating location: Inverclyde
  • This charity is based in an area of extremely high deprivation

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
Scottish Government£43,154
National Lottery Community Fund£19,935
Foundation Scotland£7,987
Specific Donations
Amount When
Months
To be used for
Foundation Scotland - Grant to Financial Fitness
£4,320 08/03/2021
To cover the salary of the admin worker from March ? May 2021.
Scottish Government - Financial Fitness Resource Team
£23,219 16/12/2020
Detailed description not provided.
National Lottery Community Fund - Check-In - Inverclyde's Financial Covid Response Service
£19,935 14/08/2020
2
This group will use the funding for their 'check in' financial advice service where advisers pro-actively contact the most vulnerable clients that they have supported in the past to provide new ....more
Scottish Government - Financial Fitness Resource Team
£19,935 26/05/2020
Detailed description not provided.
Foundation Scotland - Grant to Financial Fitness
£3,667 10/04/2020
To recruit a temporary administrator for 20 hours per week from April 2020 ? July 2020 to support people in Inverclyde to access welfare support during the coronavirus emergency.
Robertson Trust - Disability Welfare Reform Service
£29,000 23/05/2017
Disability Welfare Reform Service
Robertson Trust - Disability Welfare Reform Service
£14,500 30/04/2016
Disability Welfare Reform Service
Comic Relief - Emergency Advice Service
£115,743 15/07/2015
36
Inverclyde is Scotland’s second most deprived local authority. Financial Fitness is the area’s only independent financial advice service as there is no Citizens Advice Bureau. As a result of ....more
National Lottery Community Fund - Greenock Central/East Advice Service
£214,354 09/11/2011
36
This project will support financially vulnerable families and young people to become financially stable and have increased capacity to manage their financial situation more effectively. Funded ....more
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Directors (5)
Current Directors appointed
Gender Split

Age Range of Directors: 48-77
Legal constitution
  • Charity registered in Scotland on 20/01/2000, number: SC029817
  • Registered at Companies House on 11/12/2003, number: SC260631
Filing Record
5 returns made; AR20: 56 days late,
Main office

40 West Stewart Street, Greenock, PA15 1SH

Objectives

To relieve the poverty Of the inhabitants of Inverclyde, regardless of age, disability, race, religion, sex, sexual orientation or other opinions

Data Sources

Scottish Charity Regulator
360 Giving
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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