GIROSCOPE LIMITED
Registered charity 1117457 · accounts filings on the Charity Commission register
Giroscope buys and renovates empty property. We then let this property to people in housing need as well as to social enterprises and community organisations. We also provide training opportunities for disadvantaged people.
Causes: Education/training · The Prevention Or Relief Of Poverty · Accommodation/housing · Economic/community Development/employment · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income of £213,449 for the year ended 31 December 2024, with total funds carried forward reaching £5,381,956. The trustees' report indicates that the charity's principal funding source is rental income, supplemented by grants and debt finance, while the investment policy involves retaining a prudent amount in reserves and investing small available funds in interest-bearing accounts.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: six months of expenditure (held: £5.3m)
“It will establish a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should not exceed 6 months of expenditure.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
“The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.” — page 16
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Giroscope Services Limited
“The company's investments at the balance sheet date in the share capital of companies include the following: Giroscope Services Limited” — page 21
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by Sadofskys. Discloses 5 of 6 completeness components.
Public profiles (found on the charity’s own website): facebook · instagram
Structured financials (annual return, FY ending 31/12/2024)
Reported reserves equal ~51.4 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).
Per its annual return, largest income source: Investments (76% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).
- ALAN BROCKLEHURST
- Holly Galbraith
Trustee list from the Charity Commission register (current, not historical).
Operates in: East Riding Of Yorkshire
Income and spending
Common questions
Is GIROSCOPE LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net income of £213,449 for the year ended 31 December 2024, with total funds carried forward reaching £5,381,956. The trustees' report indicates that the charity's principal funding source is rental income, supplemented by grants and debt finance, while the investment policy involves retaining a prudent amount in reserves and investing small available funds in interest-bearing accounts. Its FY2024 accounts were audited by Sadofskys.
Who funds GIROSCOPE LIMITED?
Funders whose own accounts filings name GIROSCOPE LIMITED as a grant recipient include THE SIR JAMES RECKITT CHARITY, TWO RIDINGS COMMUNITY FOUNDATION, THE HULL AND EAST RIDING CHARITABLE TRUST.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with GFS COMMUNITY ENTERPRISE.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.