Finance Score: -5

Governance Score: 9

Support Score: 0

Positive trading contribution: +2;Accounts filed more than 5 days late: -2 times
Strong growth: +2
Multiple Deficits: -2
Fundraising costs high: -5

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

No supporters identified

Overall GiG Score: 4

FAIR CREDIT CHARITY LTD

Fair for You is established to alleviate poverty and financial hardship through tailored lending solutions, tailored to meet the modern borrowing needs of lower income family households.

Analysis by Giving is Great

Positives:

More than half of total income was derived from trading and fees in the latest year
There has been strong growth in spending over the last 5 years
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return

Financial issues to consider:

Accounts have been filed late on 2 occasions over the last 5 years and the current period appears to have been extended
On several occasions in recent years income has been less than spending
Fundraising costs are extremely high relative to funds raised

Established: 9 years

www.fairforyou.org.uk

enquiries@fairforyou.org.uk

03334330739

Charity Commission for England and Wales

Tweets

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
31/12/22	*	£6,061	£4,751	£1,310	£4,748	£3,280	£3,280	8.3	29
31/12/21		£4,995	£4,699	£296	£4,699	£1,960	£0	n/a	32
31/12/20		£6,957	£4,418	£2,539	£4,418	£1,674	£1,674	4.5	27
31/12/19	*	£11	£21	£-10	n/a	n/a	n/a	n/a	n/a
31/12/18		£0	£18	£-18	£0	£0	£0	n/a	0
31/12/17		£25	£50	£-25	£0	£0	£0	n/a	0
31/12/16		£473	£430	£43	£0	£0	£0	n/a	0

Show more rows -->

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 361.7%
Fundraising Costs/Total Spending: 99.9%
Senior Staff Costs/Total Spending: 9%
Highest pay band: £130,000-£140,000
Liabilities/Assets: 70%
Liabilities/Income: 125%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 8.3 months
Net Current Assets/Spending: 22 months
Quick Ratio: 0.8

Asset Split ?

Listed activities

Education/Training
The Prevention Or Relief Of Poverty

How it operates

Other charitable activities
Provides other finance

Where it operates

Scotland, Throughout England And Wales,

Who it helps

Children/Young People
Other Defined Groups

Who works here?

29 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.

Specific Donations

Amount	When Months	To be used for
Environmental Finance - Income and financial inclusion
£400,000	31/12/2015	People living in poverty and/or are financially excluded
Esmee Fairbairn - Grant to Fair For You
£20,000	13/05/2015 6	Towards the costs of development work to take Fair for You, a consumer-led lender, providing fairly-priced goods, to the point at which it has raised investment and can build the infrastructure for ....more Towards the costs of development work to take Fair for You, a consumer-led lender, providing fairly-priced goods, to the point at which it has raised investment and can build the infrastructure for its initial trading phase.
Esmee Fairbairn - Grant to Fair For You
£20,000	16/02/2015 12	Towards enabling the venture to finalise funding arrangements, contractual agreements with suppliers and develop the venture to the point at which it begins trading.
Esmee Fairbairn - Grant to Fair For You
£30,000	27/05/2014	Towards the initial costs of establishing a low-cost provider of essential white goods and associated credit to people who are currently financially excluded.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Age Range of Trustees: 42-70

ALAN DODDS Appointed: 2015, Occupation: Non Executive Director

JILL BONEHILL Appointed: 2021, Occupation: Trustee, Other trusteeship: BIRMINGHAM HOSPITAL SATURDAY FUND MEDICAL CHARITY AND WELFARE TRUST,

JOANNE FLEMING Appointed: 2022, Occupation: Head Of Division, Strategy & Change

JONATHAN MOORE Appointed: 2022, Occupation: Chief Executive, Other trusteeships: EMPOWERING PEOPLE INSPIRING COMMUNITIES LIMITED, Leek Building Society Charitable Foundation,

LINDSAY VIVYAN MELVIN Appointed: 2014, Occupation: Ceo

ROBBIE MAVERICK Appointed: 2022, Occupation: Digital Project Manager

TOM LEVITT (Chair) Appointed: 2015, Occupation: Consultant

Legal constitution

Charitable company registered in England & Wales on 22/05/2015, number: 1161809
Registered at Companies House on 10/04/2014, number: 08991099

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Risk management
Volunteer management

Filing Record

7 returns made; AR22: 52 days late, AR19: 10 days late,

Main office

Unit 8 Elm Court
Meriden Business Park
Copse Drive
COVENTRY
CV5 9RG

Objectives

THE OBJECTS OF THE CHARITY ARE FOR THE PUBLIC BENEFIT TO:ADVANCE EDUCATION IN RELATION TO MONEY AND DEBT MANAGEMENT;RELIEVE FINANCIAL HARDSHIP AND DISTRESS; ANDPREVENT AND RELIEVE POVERTY;INCLUDING WITHOUT LIMITATION THROUGH THE ADVANCEMENT, PROVISION AND FACILITATION OF AFFORDABLE SOURCES OF CREDIT AND OTHER FINANCIAL SERVICES TO INDIVIDUALS IN LOW INCOME HOUSEHOLDS, WITH A VIEW TO ENABLING SUCH PERSONS TO RENT AND/OR OWN BASIC GOODS FOR THE HOME AND OTHER EVERYDAY PURPOSES AND WITH A VIEW TO PREVENTING SUCH PERSONS FROM FALLING PREY TO UNSCRUPULOUS OR USURIOUS PROVIDERS OF CREDIT.

Data Sources