Overall GiG Score: 4 ?
Finance Score: 2
Governance Score: -5
Support Score: 7
  • Poor Liquidity: -1
  • Strong growth: +2
  • Multiple Deficits: -2
  • Fundraising costs low: +3
  • No volunteer policy: -2
  • Only 4 Trustees: -1
  • Narrow trustee age band: -2
  • Grant maker support: +7

PURPLE SHOOTS BUSINESS LENDING LTD 

Tackling poverty and unemployment through microfinance and establishing self-reliant groups
Analysis by Giving is Great

Positives:

  • The charity has received backing from multiple prominent grant makers recently
  • There has been strong growth in spending over the last 5 years
  • Fundraising costs are low relative to funds raised

Regulatory & Governance issues to consider:

  • Although this charity works with volunteers it does not have a Volunteer Management policy
  • There are only 4 trustees
  • The Board has little diversity in terms of age

Financial issues to consider:

  • Liquidity appears to have been slender at the latest year end
  • On several occasions in recent years income has been less than spending
Established: 10 years

www.purpleshoots.org

info@purpleshoots.org

01446760244

Charity Commission for England and WalesCompanies HouseFacebookInstagramX
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
31/07/22£697£603£94£55£95£951.91110
31/07/21£158£325£-167n/an/an/an/an/a6
31/07/20£574£329£245£16£169£-96-3.5610
31/07/19£236£330£-95n/an/an/an/an/a6
31/07/18£312£321£-9£0£0£0n/a06
31/07/17£34£162£-127£0£0£0n/a00
31/07/16£144£140£4£0£0£0n/a00
31/07/15£119£120£-2£0£0£0n/a00
31/07/14£212£44£168£0£0£0n/a00

Financial Ratios
Fundraising Costs/Relevant Income: 7.9%
Fundraising Costs/Total Spending: 9%
Highest pay band: Less than £60,000
Liabilities/Assets: 86%
Liabilities/Income: 85%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 1.9 months
Net Current Assets/Spending: 9 months
Quick Ratio: 3.5
Asset Split ?
What it does
  • Economic/Community Development/Employment
  • Education/Training
  • General Charitable Purposes
  • The Prevention Or Relief Of Poverty
Who works here?
  • 11 employees
  • 10 volunteers
Who it helps
  • The General Public/Mankind
How it operates
  • Provides advocacy/advice/information
  • Provides buildings/facilities/open space
  • Provides human resources
  • Provides other finance
  • Provides services
Where it operates
  • Throughout Wales,

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
Nesta£50,000
The Bishop Radford Trust£45,000
The Leathersellers' Company Charitable Fund£20,000
National Lottery Community Fund£18,980
DCMS£9,580
Specific Donations
Amount When
Months
To be used for
The Bishop Radford Trust - Grant to Purple Shoots
£20,000 27/01/2023
Self-reliant and support groups mainy in Wales and Bristol, reaching more people and working with more organizations and churches.
The Bishop Radford Trust - Grant to Purple Shoots
£20,000 26/01/2023
To help us to grow , and spread the self-reliant groups, reaching more people and working with more organizations and churches.
National Lottery Community Fund - Self Reliant Groups (SRGs) Wales
£9,100 17/01/2023
Purple Shoots Business Lending Ltd will establish self-reliant groups to provide a supported platform for local entrepreneurs to meet and share ideas and resources in Caerphilly and Anglesey. The ....more
Co-Operative Group - Grant to Miss Tilley's Community Cafes
£2,483 23/10/2021
We will provide welcoming community cafes staffed by our group members with additional needs, celebrating diversity and breaking down the barriers which people with disabilities face.
DCMS - Coronavirus Community Support Fund
£9,580 04/09/2020
"The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to ....more
National Lottery Community Fund - COVID-19 - Self Reliant Groups - Wales
£9,880 20/07/2020
10
Purple Shoots Business Lending Ltd in Pontypridd will use £9880 to establish peer support groups across South Wales for people looking to set up their own small businesses and share ideas with ....more
The Leathersellers' Company Charitable Fund - Grant to Purple Shoots Business Lending Ltd
£20,000 09/03/2020
24
Main Grant unrestricted core costs
The Bishop Radford Trust - Grant to Purple Shoots
£5,000 29/01/2020
To help Purple Shoots expand their self-reliant groups, reaching more people and working with more organizations and churches
Nesta - AC00926
£50,000 20/08/2019
10
Enhancing Impact Fund programme grant to Purple Shoots Business Lending Ltd Grant Ref AC00926
Nesta - AC00679
£173,214 10/08/2017
23
Savers Support Fund programme grant to Purple Shoots Business Lending Ltd Grant Ref AC00679
DCMS - Savers Support Fund
£86,607 10/08/2017
Purple Shoots is a microfinance company who have set up a series of eight local Self Reliant Groups (or SRGs). These groups aim to help their members develop skills and confidence in an atmosphere of ....more
DCMS - Savers Support Fund
£87,107 01/08/2017
Fund offers grants to scale proven social action interventions that improve money management skills, and reduce debt, working with families who are ?just about managing? or young people aged 14-25.
DCMS - Savers Support Fund
£87,107 01/08/2017
Fund offers grants to scale proven social action interventions that improve money management skills, and reduce debt, working with families who are just about managing or young people aged 14-25.
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (4)
Current Trustees appointed
Gender Split

Age Range of Trustees: 60-74
  • TONY JOHNSON (Chair) Appointed: 2013, Occupation: Retired Solicitor
Legal constitution
  • Charitable company registered in England & Wales on 20/01/2014, number: 1155385
  • Registered at Companies House on 10/07/2013, number: 08603690
Gift Aid
  • Registered with HMRC for Gift Aid
Other Regulators
  • Financial Conduct Authority
Policies in force
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
Filing Record
9 returns made; all on time
Main office

2 LE SOR HILL
PETERSTON-SUPER-ELY
CARDIFF
CF5 6LW

Objectives

THE FURTHERANCE OF SUCH CHARITABLE PURPOSES (CHARITABLE UNDER THE LAW OF ENGLAND AND WALES) FOR THE BENEFIT OF THE PUBLIC AS THE DIRECTORS SEE FIT FROM TIME TO TIME IN PARTICULAR BUT NOT LIMITED TO:(A) THE PREVENTION OR RELIEF OF POVERTY; (B) SUPPORTING THE WORK OF CHARITIES OR FURTHERING CHARITABLE PURPOSES FALLING UNDER THE DESCRIPTION OF CHARITABLE PURPOSES THAT IS THE ADVANCEMENT OF CITIZENSHIP OR COMMUNITY DEVELOPMENT IN PARTICULAR PROMOTING COMMUNITY CAPACITY BUILDING AND URBAN AND RURAL REGENERATION; (C) THE ADVANCEMENT OF EDUCATION; AND(D) THE RELIEF OF THOSE IN NEED BY REASON OF AGE, ILL-HEALTH, DISABILITY, FINANCIAL HARDSHIP OR OTHER DISADVANTAGE.

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

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