Finance Score: 2
Governance Score: 0
Support Score: 9
  • Volatile income: -3
  • Future income +5
  • No PartB
    • Large volunteers +3
    • Overall weighted support: +6
    Overall GiG Score: 11 ?

    LIFE CHANCES

    Life Chance is providing advice, guidance, information and support services for the disadvantaged Ethiopian migrants and refugee elders, the disabled and children in need living in London.
    Analysis by Giving is Great

    Positives:

    • This charity has been successful in attracting volunteers relative to its size
    • There have been no income shortfalls in recent years
    • A significant proportion of recent income was derived from major grant makers and there are significant future grants due to be received

    Financial issues to consider:

    • A PartB annual return has not been required and so detailed financial information is not available from the online data
    • Income has been volatile recently

    Financial Data ?

    Income & Spending ?
    Sources of Income ?
    Y/E Income
    £k
    Spending
    £k
    Surplus/
    Deficit £k
    Fundraising
    Cost £k
    Total
    Funds £k
    Unrestricted
    Funds £k
    Mths
    Rsrvs
    Staff Volun-
    teers
    31/12/22£26£20£6n/an/an/an/an/an/a
    31/12/21£39£29£10n/an/an/an/an/an/a
    31/12/20£43£20£22n/an/an/an/an/an/a
    31/12/19£10£7£3n/an/an/an/an/an/a
    31/12/18*£22£6£16n/an/an/an/an/an/a
    31/12/17£12£0£12n/an/an/an/an/an/a

    Highest pay bracket: less than £60,000
    Established: 7 years

    www.lifechance.org

    belay@lifechance.org

    02076974095

    Charity Commission for England and WalesX
    UN SDGs
    ?
    Listed activities
    • Disability
    • Economic/Community Development/Employment
    • Education/Training
    • General Charitable Purposes
    • Other Charitable Purposes
    • Recreation
    • The Advancement Of Health Or Saving Of Lives
    • The Prevention Or Relief Of Poverty
    GiG Classification
    • Services for people with disabilities
    How it operates
    • Other charitable activities
    • Provides advocacy/advice/information
    • Provides services
    • Sponsors or undertakes research
    Where it operates
    • Ethiopia, Throughout London,
    Who it helps
    • Children/Young People
    • Elderly/Old People
    • People Of A Particular Ethnic Or Racial Origin
    • People With Disabilities

    Who supports them? ?

    Donations from Grant Makers ?

    We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

    Major supporters in last 5 years
    Cripplegate Foundation£32,350
    City Bridge Trust£28,100
    Cloudesley£12,050
    DCMS£9,952
    Specific Donations
    Amount When
    Months
    To be used for
    Cripplegate Foundation - Grant To Life Chances
    £5,000 28/03/2024
    Tackling Poverty and Social Isolation for Ethiopian Refugees in Islington
    Cripplegate Foundation - Grant To Life Chances
    £500 25/04/2023
    Lifechances and Aflah Health and Wellbeing event
    Cripplegate Foundation - Grant To Life Chances
    £1,500 04/01/2023
    Cost of living increase
    Cripplegate Foundation - Grant To Life Chances
    £5,000 16/11/2022
    Tackling Poverty and Social Isolation for Ethiopian Refugees
    Cripplegate Foundation - Grant To Life Chances
    £15,000 23/08/2022
    CORE FUNDING
    Cripplegate Foundation - Grant To Life Chances
    £500 05/05/2022
    Social Wellbeing Event for the Ethiopian and Somali Community
    Cloudesley - Grant to Life Chances in Partnership with AFLAH
    £2,050 25/11/2021
    Grants Support Fund - for the FSI monitoring and evaluation support package
    Cloudesley - Grant to Life Chances in Partnership with AFLAH
    £10,000 23/02/2021
    Reducing Health Inequalities for Ethiopian and Somali communities in Islington
    City Bridge Trust - Grant to Life Chances
    £10,000 15/12/2020
    0
    DCMS - Coronavirus Community Support Fund
    £9,952 17/08/2020
    "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
    Cripplegate Foundation - Grant To Life Chances
    £4,850 30/06/2020
    Reducing Social Isolation for the elderly and the disabled
    City Bridge Trust - Grant to Life Chances
    £18,100 28/05/2020
    A grant of £18,100 to fund the essential and urgent costs outlined in the application, so that the organisation can carry on providing support to Londoners.
    BBC Children in Need - Grant to Life Chances
    £30,000 30/07/2018
    36
    The project provides life skills workshops and intergenerational trips to young people from low economic backgrounds and disconnected from their Ethiopian roots. This will improve self-esteem, life ....more
    Show more rows

    Data sourced from Donors via 360 Giving

    How is it governed?

    Trustees (4)
    Current Trustees appointed

    • ASSEFA NEGASH Appointed: 2015
    • DR MAKNUN ASHAMI (Chair) Appointed: 2024
    • MAHLET ASRAT Appointed: 2015
    • YOHANNES ZEWDWE Appointed: 2024
    Legal constitution
    • Charity registered in England & Wales on 25/04/2017, number: 1172742
    Gift Aid
    • NOT registered with HMRC for Gift Aid
    Policies in force
    • Complaints handling
    • Conflicting interests
    • Paying staff
    • Risk management
    • Safeguarding vulnerable beneficiaries
    • Volunteer management
    Filing Record
    6 returns made; AR18: 90 days late,
    Main office

    Resource for London, 356 Holloway Road
    356 Holloway Road
    London
    London
    Choose County
    N7 6PA

    Objectives

    1. THE RELIEF OF THE ELDERLY, IN PARTICULAR BUT NOT EXCLUSIVELY THOSE OF THE ETHIOPIAN REFUGEE AND MIGRANT COMMUNITY, WHO ARE IN NEED BY REASON OF ILL-HEALTH, DISABILITY, FINANCIAL HARDSHIP OR OTHER DISADVANTAGE, BY THE PROVISION OF SUPPORT, INFORMATION, ADVICE AND ANY ACTIVITIES OR SERVICES DESIGNED TO RELIEVE THOSE NEEDS.2. TO ACT AS A RESOURCE FOR YOUNG PEOPLE UP TO THE AGE OF 18 LIVING IN LONDON BY PROVIDING ADVICE AND ASSISTANCE AND ORGANISING PROGRAMMES OF PHYSICAL, EDUCATIONAL AND OTHER ACTIVITIES AS A MEANS OF:A) ADVANCING IN LIFE AND HELPING YOUNG PEOPLE BY DEVELOPING THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS INDEPENDENT, MATURE AND RESPONSIBLE INDIVIDUALS;B) ADVANCING EDUCATION;C) PROVIDING RECREATIONAL AND LEISURE TIME ACTIVITY IN THE INTERESTS OF SOCIAL WELFARE FOR PEOPLE LIVING IN THE AREA OF BENEFIT WHO HAVE NEED BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABILITY, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES WITH A VIEW TO IMPROVING THE CONDITIONS OF LIFE OF SUCH PERSONS.3. THE PREVENTION OR RELIEF OF POVERTY IN ETHIOPIA BY PROVIDING OR ASSISTING IN THE PROVISION OF EDUCATION, TRAINING, HEALTHCARE PROJECTS AND ALL THE NECESSARY SUPPORT DESIGNED TO ENABLE INDIVIDUALS TO GENERATE A SUSTAINABLE INCOME AND BE SELF-SUFFICIENT.

    Data Sources

    Charity Commission for England and Wales
    360 Giving

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