Finance Score: -3
Governance Score: 4
Support Score: 7
  • Excess reserves: -5
  • Strong growth: +2
  • Only 3 Trustees: -2
  • Good trustee age range: +3
  • Gender balanced board: +3
  • Grant maker support: +7
Overall GiG Score: 8 ?

GIROSCOPE LIMITED 

Giroscope buys and renovates empty property. We then let this property to people in housing need as well as to social enterprises and community organisations. We also provide training opportunities for disadvantaged people.
Analysis by Giving is Great

Positives:

  • This charity has an endowment fund which generates most of its income
  • There has been strong growth in spending over the last 5 years
  • 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

Financial issues to consider:

  • This charity has substantial assets and unrestricted reserves of £4,964,645 available, equivalent to 60 months of spending and so may not be able to utilise additional funding
Established: 17 years
(37 years as a company)

www.giroscope.org.uk

info@giroscope.org.uk

01482576374

Charity Commission for England and WalesCompanies HouseFacebookX
UN SDGs
?

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
31/12/22£1,153£996£157£0£4,977£4,96559.819103
31/12/21£1,039£870£170£0£4,820£4,81566.41571
31/12/20£923£707£215£0£3,730£3,73063.31265
31/12/19*£758£614£144£0£3,514£3,51468.611140
31/12/18£641£538£104£0£3,371£3,37175.310150
31/12/17£587£436£151£0£3,267£3,2679080
31/12/16£563£387£177£0£2,978£2,97892.560
31/12/15£471£374£97£0£0£0n/a00
31/12/14£364£314£50£0£0£0n/a00
31/12/13£259£206£53£0£0£0n/a00
31/12/12£215£175£39£0£0£0n/a00
31/12/11£201£172£30£0£0£0n/a00
31/12/10£141£136£5£0£0£0n/a00
31/12/09£150£142£8£0£0£0n/a00
31/12/08£115£100£14£0£0£0n/a00
31/12/07£96£69£27£0£0£0n/a00

Financial Ratios
Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 44%
Liabilities/Income: 343%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 59.8 months
Net Current Assets/Spending: -1 months
Quick Ratio: 0.6
Asset Split ?
Listed activities
  • Accommodation/Housing
  • Economic/Community Development/Employment
  • Education/Training
  • The Prevention Or Relief Of Poverty
How it operates
  • Other charitable activities
  • Provides advocacy/advice/information
  • Provides buildings/facilities/open space
  • Provides services
Where it operates
  • East Riding Of Yorkshire,
Who it helps
  • The General Public/Mankind
Who works here?
  • 19 employees
  • 103 volunteers

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
Garfield Weston Foundation£30,000
Architectural Heritage Fund£14,100
Sport England£3,270
Tudor Trust£2,000
Specific Donations
Amount When
Months
To be used for
Architectural Heritage Fund - Grant to Giroscope Limited
£14,100 29/07/2022
West Park Palace (former Premiere Bar)
Garfield Weston Foundation - Main Grants award
£30,000 20/08/2021
Redevelopment of the former St Matthew's Church, Hull
Sport England - TGC CF Yo Go Girl
£3,270 30/07/2021
12
This project will provide weekly yoga sessions for up to 50 women at risk of homelessness or domestic violence.
Tudor Trust - Grant to Giroscope Ltd
£2,000 21/01/2021
as an additional grant to support staff, volunteer and trustee wellbeing, to assist the organisation deliver its charitable purpose more effectively
National Lottery Community Fund - Social Food and Wholesome Eating
£10,000 25/04/2019
12
The project will create a working kitchen and provide cooking sessions and catering training. The aim is to build life skills and improve health through food awareness.
Tudor Trust - Grant to Giroscope Ltd
£36,000 20/03/2018
36
over three years towards the running costs of a project providing accommodation for destitute asylum seekers and migrants in Hull_x000D_
LandAid Charitable Trust - Hull Young Futures Project
£40,485 12/03/2018
11
Giroscope is proposing to run a 12 month project to renovate 5 empty properties. We will target some of the most difficult empty properties that are in need of extensive renovation. On completion, ....more
Two Ridings Community Foundation - Giroscope Computer Project
£4,000 12/12/2017
Funding to support young volunteers with learning difficulties to refurbish computers and then provide computer training to the wider community.
Lloyds Bank Foundation - Grant to Giroscope Limited
£69,600 28/11/2017
36
the charity renovates poor quality property in order to provide affordable quality homes to people in housing need. It does this by offering supported volunteering to people who are long term ....more
Power to Change - Giroscope Limited
£250,000 01/11/2017
60
Grant to Giroscope Limited
National Lottery Community Fund - Boulevard Mad Yard Art
£10,000 16/09/2016
12
Boulevard Mad Yard Art
Nationwide Foundation - Grant to Giroscope Limited
£124,560 23/03/2016
The provision of affordable accommodation for those in housing need and the relief of unemployment. The main activity is the purchase of empty & dereliect properties, bringing them back into use ....more
LandAid Charitable Trust - Hull Young Futures Project
£85,640 08/03/2016
12
‘Hull Young Futures Project’ in the West Hull wards of Newington and/or St. Andrews. LandAid funding will provide £64,000 for the renovation of two large four bedroom houses which will provide ....more
Power to Change - Giroscope Limited
£3,239 01/06/2015
Provided Capacity Support to Giroscope Limited
Lloyds Bank Foundation - Grant to Giroscope Limited
£35,000 28/03/2014
Giroscope renovate empty housing through the use of volunteers who are trained in construction skills to help them improve their employability. They will use a grant to fund a new Volunteer Support ....more
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (3)
Current Trustees appointed
Gender Split

Age Range of Trustees: 37-59
Legal constitution
  • Charitable company registered in England & Wales on 04/01/2007, number: 1117457
  • Registered at Companies House on 13/08/1986, number: 02046356
Gift Aid
  • NOT registered with HMRC for Gift Aid
Policies in force
  • Complaints handling
  • Conflicting interests
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Filing Record
16 returns made; AR19: 4 days late,
Main office

69 Coltman Street
HULL
HU3 2SJ

Objectives

(1) TO ASSIST IN THE PROVISION OF AFFORDABLE HOUSING ACCOMMODATION FOR PERSONS IN CONDITIONS OF NEED, POVERTY OR DISTRESS ON TERMS APPROPRIATE TO THEIR MEANS.(2) THE RELIEF OF UNEMPLOYMENT FOR THE BENEFIT OF THE PUBLIC IN SUCH WAYS AS MAY BE THOUGHT FIT.

Defined Area of Benefit:

NOT DEFINED. IN PRACTICE, HULL EAST YORKSHIRE.

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

Tips for Selecting Charities

Which areas of philanthropy are most effective?
The text of this post is taken from an article on the Effective Altruism forum. It suggests that you can achieve the most impact by supporting causes that fight extreme poverty, improving animal welfare....more
Our Top Tips for Philanthropy
Here are some ideas to help you gain more satisfaction from your philanthropy and confidence that the causes you have selected are impactful. Engage your brain, as well as your heart You....more
How to become a Philanthropist
In this Blog we outline a strategy to help people who are new to philanthropy and for those who feel dissatisfied with the impact they are having. Effective philanthropy is immensely rewarding for donors,....more

Giving is Great