Register of Charities - The Charity Commission HOSPITAL OF WILLIAM WYGGESTON AND THE HOSPITAL BRANCH
Activities - how the charity spends its money
Almshouses in the West end area of the city of Leicester for people over the age of 60 years. Residential Care Home with 26 single en suite rooms. Annual grant to the Wyggeston School Foundation. Grants to individuals paid through Leicester Charity Link. Provision of property for housing homeless people managed via an external agency
|Donations and legacies||£2.56k|
|Other trading activities||£0|
-£349,085 investments gains (losses)
Total income includes £115,218 from 2 government grant(s)
Charitable expenditure with investment gains
Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.
In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.
Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.
By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.
|Income generation and governance||£286.39k|
|Retained for future use||£28.44k|