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FOUNDATION FOR CREDIT COUNSELLING logo

FOUNDATION FOR CREDIT COUNSELLING

#1016630
Charitable company•Major•Registered
www.stepchange.org

Foundation for credit counselling's principal activities are to provide free debt advice to the financially distressed and following advice either via telephone or online, to provide a range of debt management solutions to meet client needs such as debt management plans and a range of insolvency solutions.

How they help

Provides Services

Registered address

123 Albion Street, Leeds, LS2 8ER

Latest HighlightsFY 2024

Income

All sources

£58,431,000
Expenditure

All activities

£59,525,000
Net Reserves

Unrestricted funds

£12,810,000
Total Assets

Gross assets

£17,902,000
Working Capital

Liquidity

£1,097,000

Benchmark Performance

Comparing against 1,903 similar major charities

Compare vs:
Reserve Runway
2.6 months
Median: 3.6 monthsAround typical
Income Growth (1yr)
6.8%
Median: 8.2%Around typical
Spending Efficiency
96.0%
Median: 97.2%Around typical
Income Concentration
50.6%
Median: 87.1%Top quartile
Fundraising ROI
24.6x
Median: 27.3xAround typical
Income Volatility
7.8%
Median: 13.4%Around typical
Self-Generated Income
69.4%
Median: 92.1%Around typical
3-Year Income CAGR
-1.4%
Median: 8.7%Below typical

Efficiency & Health

Charitable Spending
96.0%
Fundraising Eff.

% income retained

24.6%
Governance Cost

% of expenditure

0.9%
Grant Making

% given away

0%
Debt Ratio

% of assets

26.2%
Survival Ratio

Months of reserves

2.6 months

Income Profile

Donations & Legacies

% of income

30.5%
Government Reliance

% of income

2.3%
Largest Source

Primary income

Charitable Activities
Diversification

HHI: 5064

Highly Concentrated

Trends

Income Growth (1yr)

Year over Year

6.8%↑
Income CAGR (3yr)

Compound growth

-1.4%
Volatility

Stable

7.8%
Reserves Trend

Direction

Stable

Governance

Employees

Staff count

1,137
Volunteers

Volunteer count

0
Volunteer Ratio

Per staff member

0:1
Revenue/Employee

Per head

£51,391
Trustee Benefits

Payments to trustees

Yes
High Earners

Earning over £60k

5.0%

Source: Charity Commission annual returns. Figures may differ from published accounts. Always verify with official charity filings for due diligence.

Charts

Income vs Expenditure
Income Sources
Assets vs Liabilities

5 Year Trend

Workforce Scale

Employees & Volunteers

Frequently Asked Questions

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