Finance Score: -1

Governance Score: 6

Support Score: 12

Low unrestricted reserves: -2
Multiple Deficits: -2
Fundraising costs low: +3

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

Grant maker support: +12

Overall GiG Score: 17

THE CHARITY FINANCE GROUP

The Charity Finance Group aims to provide information, training, conferences and networking opportunities to finance professionals in the voluntary sector. To lobby and campaign and promote best practice on behalf of finance professionals in the sector.

Analysis by Giving is Great

Positives:

The charity has received backing from multiple prominent grant makers recently
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Regulatory & Governance issues to consider:

Over half the Board have joined recently

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
On several occasions in recent years income has been less than spending

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
31/03/23		£1,515	£1,519	£-4	£37	£270	£270	2.1	18	9
31/03/22		£1,278	£1,365	£-87	£28	£274	£267	2.3	20	9
31/03/21		£1,240	£1,399	£-159	£47	£361	£327	2.8	22	8
31/03/20		£1,676	£1,880	£-204	£82	£520	£513	3.3	22	10
31/03/19		£1,796	£1,771	£25	£78	£724	£712	4.8	22	17
31/03/18		£1,776	£1,811	£-34	£73	£699	£686	4.5	22	0
31/03/17		£1,871	£1,816	£56	£68	£734	£684	4.5	22	0
31/03/16		£2,013	£1,656	£357	£76	£678	£550	4	20	0
31/03/15		£1,806	£1,561	£245	£146	£336	£322	2.5	17	0
31/03/14		£1,690	£1,850	£-161	£143	£91	£91	0.6	17	0
31/03/13		£1,556	£1,632	£-76	£123	£252	£252	1.8	18	0
31/03/12		£1,553	£1,523	£31	£122	£327	£327	2.6	15	0
31/03/11		£1,306	£1,342	£-36	£116	£297	£297	2.7	15	0
31/03/10	*	£1,248	£1,265	£-17	£106	£332	£332	3.2	13	0
31/03/09		£1,179	£1,205	£-26	£116	£349	£349	3.5	12	0
31/03/08		£1,062	£973	£89	£89	£376	£376	4.6	11	0
31/03/07		£861	£830	£31	£110	£287	£285	4.1	10	0
31/03/06		£770	£692	£78	£0	£0	£0	n/a	0	0
31/03/05		£602	£590	£12	£0	£0	£0	n/a	0	0
31/03/04		£508	£683	£-175	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 2.7%
Fundraising Costs/Total Spending: 2.5%
Senior Staff Costs/Total Spending: 14%
Highest pay band: £100,000-£110,000
Liabilities/Assets: 81%
Liabilities/Income: 75%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 2.1 months
Net Current Assets/Spending: 2 months
Quick Ratio: 0.6

Asset Split ?

Established: 28 years

www.cfg.org.uk

mail@cfg.org.uk

07584609400

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training

GiG Classification

Philanthropic intermediaries and voluntarism promotion

How it operates

Acts as an umbrella or resource body

Where it operates

Throughout England And Wales,

Who it helps

Other Charities Or Voluntary Bodies
Other Defined Groups

Who supports 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

Paul Hamlyn Foundation	£125,500
Esmee Fairbairn	£47,000
Barrow Cadbury Trust	£30,000
Pears Foundation	£30,000
Garfield Weston Foundation	£30,000

Specific Donations

Amount	When Months	To be used for
J J Charitable Trust - To develop the Charity Investment Governance Principles
£7,667	12/10/2023	To develop the Charity Investment Governance Principles
Mark Leonard Trust - To develop the Charity Investment Governance Principles
£7,667	12/10/2023	To develop the Charity Investment Governance Principles
Esmee Fairbairn - Grant to Charity Finance Group
£25,000	22/03/2023	Towards core costs for dedicated CSG comms resource so strengthen the collaboration of infrastructure
Esmee Fairbairn - Grant to Charity Finance Group
£2,000	06/02/2023	Towards unrestricted core costs as a Cost of Living Uplift
Paul Hamlyn Foundation - Backbone grants 2018/19 - supporting a thriving civil society
£3,000	18/01/2023	CFG is a membership organisation, inspiring a financially confident, dynamic and trustworthy charity sector. At a challenging time for charity funding, CFG acts as a voice for the charity sector, ....more CFG is a membership organisation, inspiring a financially confident, dynamic and trustworthy charity sector. At a challenging time for charity funding, CFG acts as a voice for the charity sector, advocating for a better operating environment for the not-for-profit sector. Through championing best practice, nurturing leadership and influencing policy makers, CFG will use the grant through the Backbone Fund to continue to support the financial health of the voluntary sector, working with over 1,400 charities across the UK.
Paul Hamlyn Foundation - Backbone grants 2022-23: Supporting a thriving civil society
£70,000	06/12/2022	Charity Finance Group (CFG) exists to develop a financially confident, dynamic and trustworthy charity sector. They do this by championing best practice, nurturing leadership and influencing policy ....more Charity Finance Group (CFG) exists to develop a financially confident, dynamic and trustworthy charity sector. They do this by championing best practice, nurturing leadership and influencing policy makers. Through improving their financial management, governance and leadership, CFG supports their members to deliver their charitable objectives from all the resources available to them.
Paul Hamlyn Foundation - Civil Society Group Communication resource
£12,500	22/11/2022	Charity Finance Group (CFG) is a membership organisation that aims to support a financially confident, dynamic and trustworthy charity sector. CFG acts as a voice for the charity sector, advocating ....more Charity Finance Group (CFG) is a membership organisation that aims to support a financially confident, dynamic and trustworthy charity sector. CFG acts as a voice for the charity sector, advocating for a better operating environment. This grant will provide funding towards a part-time communications professional who will develop content to amplify the work of the group through the website, social media platforms and other existing outlets.
Esmee Fairbairn - Grant to Charity Finance Group
£20,000	23/03/2022 12	Towards unrestricted core costs towards stabilising the business model
Barrow Cadbury Trust - Charity Finance Group emergency grant
£30,000	12/01/2022	To support CFG until it can rebuild its income streams.
Paul Hamlyn Foundation - Covid-19 Emergency Funding
£20,000	24/11/2021 3	Charity Finance Group (CFG) is a membership organisation that aims to support a financially confident, dynamic and trustworthy charity sector. CFG acts as a voice for the charity sector, advocating ....more Charity Finance Group (CFG) is a membership organisation that aims to support a financially confident, dynamic and trustworthy charity sector. CFG acts as a voice for the charity sector, advocating for a better operating environment for the not-for-profit sector. This grant provides core support to aid the organisation in dealing with the challenges posed by Covid-19.
Pears Foundation - Grant to Charity Finance Group
£30,000	22/11/2021	Core Funding
Garfield Weston Foundation - Main Grants award
£30,000	25/09/2020	CFG Membership Bursary Programme
Paul Hamlyn Foundation - COVID19 Emergency Funding
£20,000	04/06/2020 3	Support to aid the organisation in dealing with the challenges posed by COVID19.
Paul Hamlyn Foundation - Backbone grants 2018/19 - supporting a thriving civil society
£150,000	21/09/2018 60	CFG is a membership organisation, inspiring a financially confident, dynamic and trustworthy charity sector. At a challenging time for charity funding, CFG acts as a voice for the charity sector, ....more CFG is a membership organisation, inspiring a financially confident, dynamic and trustworthy charity sector. At a challenging time for charity funding, CFG acts as a voice for the charity sector, advocating for a better operating environment for the not-for-profit sector. Through championing best practice, nurturing leadership and influencing policy makers, CFG will use the grant through the Backbone Fund to continue to support the financial health of the voluntary sector, working with over 1,400 charities across the UK.
Esmee Fairbairn - Grant to Charity Finance Group
£135,000	01/04/2015 18	Towards costs of a pilot programme to work with voluntary sector partners with the overall aim of building the financial capabilities of small, under-resourced charities.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Age Range of Trustees: 31-58

ANGELA LINTON Appointed: 2022, Occupation: Charity Director

ANNA BENNETT Appointed: 2023, Occupation: Director Of Finance, It And Facilities

HUGH WALLACE Appointed: 2022, Occupation: Chief Information Officer

KELLY RYDER Appointed: 2021, Occupation: Head Of Finance

KEVIN MICHAEL O'BRIEN Appointed: 2018, Occupation: Finance Director

MWIZAKUNYUMA MKANDAWIRE Appointed: 2021, Occupation: Accountant

STELLA SMITH Appointed: 2018, Occupation: Consultant

TIMOTHY NICHOLLS Appointed: 2022, Occupation: Charity Director

TONY WELLS Appointed: 2023, Occupation: Director Of Finance & Resources

Legal constitution

Charitable company registered in England & Wales on 25/04/1996, number: 1054914
Registered at Companies House on 29/03/1996, number: 03182826

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; AR10: 2 days late,

Main office

7-14 GREAT DOVER STREET
LONDON
SE1 4YR

Objectives

THE GROUP'S OBJECTS (THE OBJECTS) ARE FOR THE BENEFIT OF THE PUBLIC TO: 2.1 ADVANCE EDUCATION IN PUBLIC BENEFIT ORGANISATIONS; 2.2 PROMOTE THE EFFICIENCY AND EFFECTIVENESS (INCLUDING FINANCIAL MANAGEMENT) OF PUBLIC BENEFIT ORGANISATIONS AND IN PARTICULAR BY: (A) UNDERTAKING RESEARCH TO IDENTIFY NEEDS AND ESTABLISHING PROJECTS OR POLICIES TO ADDRESS THOSE NEEDS; (B) PROVIDING TRAINING, CONFERENCES AND SEMINARS; (C) BUILDING THE CAPACITY OF (INCLUDING THE EFFECTIVE USE OF RESOURCES) AND ENABLING THE EXCHANGE OF INFORMATION AND BEST PRACTICE AMONGST FINANCE ADVISERS AND PUBLIC BENEFIT ORGANISATIONS; (D) THE PROVISION OF A PRO-ACTIVE AND ACCESSIBLE SERVICE OFFERING PRACTICAL HELP, ADVICE AND SUPPORT; (E) ACTING AS A REPRESENTATIVE AND INTERMEDIARY FOR PUBLIC BENEFIT ORGANISATIONS, INCLUDING IN RELATION TO GOVERNMENT AND OTHER AGENCIES AND BODIES; (F) PROVIDING INFORMATION TO THE PRESS AND THE PUBLIC IN RESPECT OF THE OPERATION OF OR PROBLEMS ENCOUNTERED BY PUBLIC BENEFIT ORGANISATIONS.? (PUBLIC BENEFIT ORGANISATIONS MEANS CHARITIES (INCLUDING THEIR WHOLLY OWNED SUBSIDIARIES), VOLUNTARY ORGANISATIONS, CO-OPERATIVES, MUTUALS AND OTHER FORMS OF SOCIAL ENTERPRISES ESTABLISHED FOR PUBLIC AND COMMUNITY BENEFIT).

Defined Area of Benefit:

NOT DEFINED

Data Sources