Finance Score: 0

Governance Score: 0

Support Score: 10

Strong growth: +2
Volatile income & significant deficit in latest year: -5
Fundraising costs low: +3

Narrow trustee age band: -2
Dynamic board: +3
Mainly male board: -1

Grant maker support: +10

Overall GiG Score: 10

HEREFORDSHIRE VENNTURE

Initiatives currently operated by Herefordshire Vennture:Hereford Street Pastors - helps young people in the night time economy have a Good time and Come home Safe;Lean-on-Me - Cares better for the inebriated in the night time economy and helps emergency services respond faster to more serious emergencies;Vennture 4Family - helps local troubled families by helping them to help themselves.

Analysis by Giving is Great

Positives:

There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years
Fundraising costs are low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

One or more trustees receive payments or benefits from the charity for providing services to the charity
The Board is predominantly male
The Board has little diversity in terms of age
Over half the Board have joined recently

Financial issues to consider:

Income has been volatile recently and was significantly lower than spending in the latest year

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
31/12/23	£858	£1,171	£-313	£58	£1,878	£982	10.1	38	103
31/12/22	£1,841	£1,150	£691	£0	£2,191	£1,055	11	40	103
31/12/21	£1,983	£895	£1,088	£0	£1,500	£506	6.8	38	152
31/12/20	£798	£528	£270	£0	£412	£121	2.8	26	161
31/12/19	£544	£442	£102	£0	£141	£30	0.8	18	162
31/12/18	£398	£417	£-19	£0	£0	£0	n/a	0	0
31/12/17	£284	£293	£-9	£0	£0	£0	n/a	0	0
31/12/16	£293	£290	£3	£0	£0	£0	n/a	0	0
31/12/15	£222	£252	£-30	£0	£0	£0	n/a	0	0
31/12/14	£164	£70	£94	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 8.6%
Fundraising Costs/Total Spending: 5%
Senior Staff Costs/Total Spending: 8%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 18%
Liabilities/Income: 46%
Unrestricted Funds/Total Funds: 52%
Reserves/Spending: 10.1 months
Net Current Assets/Spending: 4 months
Quick Ratio: 1.4

Asset Split ?

Established: 10 years

www.vennture.org.uk

enquiries@vennture.org.uk

03302020730

Charity Commission for England and Wales

Listed activities

Economic/Community Development/Employment
Education/Training
General Charitable Purposes
Religious Activities
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

GiG Classification

Other facilities management and maintenance

How it operates

Other charitable activities
Provides advocacy/advice/information
Provides services

Where it operates

Herefordshire,

Who it helps

The General Public/Mankind

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

National Lottery Community Fund	£496,497
DCMS	£96,922
Garfield Weston Foundation	£80,000
Lloyds Bank Foundation	£52,250

Specific Donations

Amount	When Months	To be used for
Herefordshire Community Foundation - Grant to Herefordshire Vennture
£500	24/04/2023	Grant to Herefordshire Vennture
Herefordshire Community Foundation - Young Volunteers on the Street
£1,000	27/03/2023	Grant to Herefordshire Vennture
Lloyds Bank Foundation - One off gift towards cost of living crisis to Herefordshire Vennture
£2,250	14/12/2022	One off gift to support with the cost of living crisis
National Lottery Community Fund - Herefordshire Vulnerability Prevention
£21,000	30/09/2022	The funding will be used to design and deliver a county wide web of care for the 3000 vulnerable people in Herefordshire who fall outside of statutory provision to prevent them falling into ....more The funding will be used to design and deliver a county wide web of care for the 3000 vulnerable people in Herefordshire who fall outside of statutory provision to prevent them falling into situations with escalating needs and destructive consequences. This will be done through holding 3 workshops with the aim of improving county-wide understanding of vulnerability responding to first signs and taking a preventative approach. Vennture are an independent charity working with people who are vulnerable or marginalised. It has Christian foundations and is supported by the churches in the local area. However Vennture is open to all and not just those who hold Christian beliefs. They work with everyone and are fully inclusive of people who have any faith or no faith.
Lloyds Bank Foundation - Grant to Herefordshire Vennture
£50,000	27/04/2022 24	Unrestricted grant over two years towards the core costs of Herefordshire Vennture
Garfield Weston Foundation - Main Grants award - COVID19 response
£50,000	04/12/2020	Vennture - addressing rural vulnerability through Covid
DCMS - Coronavirus Community Support Fund
£96,922	03/07/2020	"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 "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 operate, thereby reducing the burden on public services.2) To ensure essential services are provided to vulnerable people, both in the short and long term through increased community support through the work of charitable organisations."
Herefordshire Community Foundation - Grant to Vennture
£5,000	22/04/2020	additional costs of coordinating volunteers during pandemic
National Lottery Community Fund - Prevention 4 Families
£475,497	20/03/2020 36	TThe project will deliver a family 'Early Prevention' programme for struggling, challenging, or difficult children and young people who are having difficulties at school due to challenges in their ....more TThe project will deliver a family 'Early Prevention' programme for struggling, challenging, or difficult children and young people who are having difficulties at school due to challenges in their home lives. An essential part will be an early support programme for about 140 families presently unable to access support due to social services being overwhelmed by demand. The project offers families the opportunity to get help at an early stage by an independent community-based organisation.
Garfield Weston Foundation - Main Grants award
£30,000	04/09/2019	Core Costs

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

Current Trustees appointed

Gender Split

Age Range of Trustees: 60-75

DR ANDREW BUTTERFILL Appointed: 2020, Occupation: Co-Ordinator, Other trusteeship: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER WITH ST OWEN AND ST JAMES, HEREFORD,

LADY JANE LISVANE Appointed: 2018, Occupation: Business Consultant

PAUL RICHARD BALLARD Appointed: 2024, Occupation: Management Consultant

REV SIMON JOHN DEVERILL TARLTON Appointed: 2022, Occupation: Vicar

RICHARD HUGH BODINGTON Appointed: 2024, Occupation: Business Consultant, Other trusteeship: THE WELSH VETERANS PARTNERSHIP,

Legal constitution

Charitable company registered in England & Wales on 29/04/2014, number: 1156851
Registered at Companies House on 05/12/2013, number: 08803798

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
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

10 returns made; all on time

Main office

Herefordshire Vennture
26 Vicarage Road
HEREFORD
HR1 2QN

Objectives

THE CHARITY’S OBJECTS ARE, FOR THE PUBLIC BENEFIT, IN ACCORDANCE WITH THE CHRISTIAN PRINCIPLES SET OUT IN THE STATEMENT OF BELIEFS:- 3.1 THE PREVENTION AND/OR RELIEF OF POVERTY BY SUCH MEANS AS DETERMINED BY THE TRUSTEES FROM TIME TO TIME INCLUDING (BUT NOT LIMITED TO) PROVIDING ASSISTANCE TO FAMILIES SUFFERING DUE TO ECONOMIC AND SOCIAL CIRCUMSTANCES; 3.2 THE PROMOTION OF EDUCATION BY SUCH MEANS AS DETERMINED BY THE TRUSTEES FROM TIME TO TIME INCLUDING (BUT NOT LIMITED TO) WORKING IN PARTNERSHIP WITH LOCAL SCHOOLS TO IMPROVE EDUCATIONAL OUTCOMES; 3.3 THE RELIEF OF SICKNESS AND THE PRESERVATION OF HEALTH BY SUCH MEANS AS DETERMINED BY THE TRUSTEES FROM TIME TO TIME INCLUDING (BUT NOT LIMITED TO) WORKING IN PARTNERSHIP WITH LOCAL HEALTH AUTHORITIES AND OTHER HEALTH PROVIDERS TO IMPROVE LOCAL HEALTH OUTCOMES; 3.4 THE PROVISION OR ASSISTANCE IN THE PROVISION OF FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABILITY, FINANCIAL HARDSHIP OR SOCIAL CIRCUMSTANCES WITH THE OBJECT OF IMPROVING THEIR CONDITIONS OF LIFE BY SUCH MEANS AS DETERMINED BY THE TRUSTEES FROM TIME TO TIME; AND 3.5 TO FULFIL SUCH OTHER PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND ARE CONNECTED WITH THE CHARITABLE WORK OF THE CHARITY.

Data Sources