Finance Score: -1

Governance Score: 0

Support Score: 7

Volatile income
spending growth: -1
No PartB

Large volunteers +3
Grant maker support: +4

Overall GiG Score: 6

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

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 but spending has been maintained

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
31/12/22		£26	£20	£6	n/a	n/a	n/a	n/a	n/a	6
31/12/21		£39	£29	£10	n/a	n/a	n/a	n/a	n/a	7
31/12/20		£43	£20	£22	n/a	n/a	n/a	n/a	n/a	6
31/12/19		£10	£7	£3	n/a	n/a	n/a	n/a	n/a	7
31/12/18	*	£22	£6	£16	£0	£0	£0	n/a	0	7
31/12/17		£12	£0	£12	£0	£0	£0	NAN	0	0

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Highest pay bracket: less than £60,000

Established: 7 years

www.lifechance.org

belay@lifechance.org

02076974095

Charity Commission for England and Wales

Tweets

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 significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

City Bridge Trust	£28,100
Cloudesley	£12,050
DCMS	£9,952
Cripplegate Foundation	£4,850

Specific Donations

Amount	When Months	To be used for
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 "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."
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 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 skills and connection with their community.

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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