COVENTRY INDEPENDENT ADVICE SERVICE
We offer free advice, information and support to residents of Coventry and surrounding areas. We hold the Advice Quality Standard for our debt and welfare benefits advice, a nationally recognised quality mark for public advice organisations. We are members of AdviceUK and our debt advice is regulated by the Financial Conduct Authority. Our aim is to combat poverty and financial exclusion.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves were £119,295, which is above the stated policy target of approximately £75,000 (three months of operating costs). However, the charity reported a net expenditure for the year and acknowledged material uncertainties regarding its reliance on external funding following the loss of its main council grant.
What the accounts disclose
“unrestricted reserves equivalent to at least three months operating costs were agreed to be necessary (representing approximately £75,000 for 2025/26)” — page 8
“The Trustees have assessed the charity's financial position and are satisfied that it is a going concern.” — page 7
Structured financials (annual return, FY ending 31/03/2024)
Register events
- Received assets from another charity (25/05/2016)
Trustees
- Conner Gill
- Damon Swindell
- Dr Gulzar Singh
- Dr Margaret O'Brien
- Lianne Payne
- Mark Anthony Monaghan
- Naomi Victoria Hurst
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £351k | £376k |
| 31/03/2024 | £507k | £451k |
| 31/03/2023 | £415k | £440k |
| 31/03/2022 | £397k | £454k |
| 31/03/2021 | £498k | £449k |
Common questions
Is COVENTRY INDEPENDENT ADVICE SERVICE financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves were £119,295, which is above the stated policy target of approximately £75,000 (three months of operating costs). However, the charity reported a net expenditure for the year and acknowledged material uncertainties regarding its reliance on external funding following the loss of its main council grant. Its FY2025 accounts were independently examined.
Who funds COVENTRY INDEPENDENT ADVICE SERVICE?
Funders whose own accounts filings name COVENTRY INDEPENDENT ADVICE SERVICE as a grant recipient include WILLIAM ADLINGTON CADBURY CHARITABLE TRUST, THE ALAN EDWARD HIGGS CHARITY, COVENTRY CHURCH (MUNICIPAL) CHARITIES, THE W E DUNN TRUST, GOWLING WLG (UK) CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| WILLIAM ADLINGTON CADBURY CHARITABLE TRUST | FY2025 | £20k | Grant |
| THE ALAN EDWARD HIGGS CHARITY | FY2022 | £8k | To provide video conferencing facilities in community facilities to enable COVID secure advice. |
| COVENTRY CHURCH (MUNICIPAL) CHARITIES | FY2022 | £7k | Grants to institutions |
| THE W E DUNN TRUST | FY2023 | £1k | |
| GOWLING WLG (UK) CHARITABLE TRUST | FY2024 | £1k | |
| GOWLING WLG (UK) CHARITABLE TRUST | FY2025 | £1k | |
| GOWLING WLG (UK) CHARITABLE TRUST | FY2023 | £500 |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 17/12/2025 | £498k | Building Rights and Resilience Coventry |
| The National Lottery Community Fund | 03/04/2025 | £20k | Pathways to Stability |
| The National Lottery Community Fund | 15/03/2024 | £20k | Tackling food poverty in Coventry |
| The National Lottery Community Fund | 15/12/2022 | £185k | Volunteer Development Programme |
| The National Lottery Community Fund | 07/05/2021 | £10k | Volunteer Advisors |