Valencia Communities Fund

Charity Number: 1096538
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Distribution of the Landfill Communities Fund in accordance with the Landfill Tax Regulations

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£3,444,603

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Donations and legacies £3.38m
Charitable activities £0
Other trading activities £0
Investments £60.63k
Other £0

Total expenditure:
£3,911,053

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Raising funds £0
Charitable activities £3.91m
Other £0

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

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.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £0
Charitable expenditure £3.91m

People

5 Employee(s)

5 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 2

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • Arts/culture/heritage/science
  • Amateur Sport
  • Animals
  • Environment/conservation/heritage
  • Recreation
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
  • Provides Buildings/facilities/open Space
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Throughout England And Wales
  • Scotland

Governance

Registration history:
  • 14 March 2003: Standard registration
Organisation type:
Charitable company
Other names:
  • VIRIDOR CREDITS (Working name)
  • VIRIDOR CREDITS ENVIRONMENTAL COMPANY (Previous name)
  • VIRIDOR CREDTIS (Previous name)
Company number:
04293742 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

5 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
John Lockwood Trustee 18 January 2024
None on record
Joseph Parry Trustee 24 January 2023
None on record
Mary Prior Trustee 18 December 2015
None on record
DAVID BALFOUR ROBERTSON Trustee 20 June 2014
EXETER ROYAL ACADEMY FOR DEAF EDUCATION
Received: On time
SIMON LESLIE CATFORD Trustee 17 May 2013
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £5.38m £4.27m £5.82m £4.52m £3.44m
Total expenditure £5.52m £4.50m £4.79m £5.55m £3.91m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £5.33m £4.23m £5.82m £4.50m £3.38m
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £0 £0 £0 £0 £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £45.46k £31.34k £2.43k £19.59k £60.63k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £5.52m £4.50m £4.79m £5.55m £3.91m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £11.55k £10.16k £9.94k £11.33k £11.98k
Expenditure - Grants institution £5.18m £4.17m £4.51m £5.27m £3.62m
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £55.83k £15.35k £12.28k £9.82k £7.86k
Long-term investments £0 £0 £0 £0 £0
Other assets £5.90m £5.09m £6.33m £5.14m £3.94m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £4.13m £3.52m £3.72m £3.57m £2.82m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 02 December 2024 On Time
Accounts and TAR 31 March 2024 02 December 2024 On Time
Annual return 31 March 2023 15 November 2023 On Time
Accounts and TAR 31 March 2023 15 November 2023 On Time
Annual return 31 March 2022 16 November 2022 On Time
Accounts and TAR 31 March 2022 16 November 2022 On Time
Annual return 31 March 2021 29 November 2021 On Time
Accounts and TAR 31 March 2021 29 November 2021 On Time
Annual return 31 March 2020 16 November 2020 On Time
Accounts and TAR 31 March 2020 16 November 2020 On Time
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 17/02/2003 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 04/04/2013 as amended on 08 Nov 2022 as amended on 21 Mar 2025

Charitable objects

1.1.1 TO ACT AS SOLE DISTRIBUTIVE ENVIRONMENTAL BODY FOR VIRIDOR WASTE MANAGEMENT LANDFILL TAX CREDIT SCHEME FUNDING. 1.1.2 TO PROMOTE, ENHANCE, IMPROVE, PROTECT AND CONSERVE THE PHYSICAL ENVIRONMENT, ITS BIOLOGICAL DIVERSITY AND ITS NATURAL BEAUTY IN THE UNITED KINGDOM PARTICULARLY THROUGH THE PROVISION, CONSERVATION, RESTORATION OR ENHANCEMENT OF A NATURAL HABITAT OR THE MAINTENANCE OR RECOVERY OF A SPECIES IN ITS NATURAL HABITAT. 1.1.3 THE RECLAMATION, REMEDIATION OR RESTORATION OF ANY LAND IN THE UNITED KINGDOM THE USE OF WHICH FOR ANY ECONOMIC, SOCIAL OR ENVIRONMENTAL PURPOSE HAS BEEN PREVENTED OR RESTRICTED BECAUSE OF CARRYING ON OF AN ACTIVITY ON THE LAND WHICH HAS CEASED OR ANY OTHER OPERATION INTENDED TO FACILITATE ECONOMIC, SOCIAL OR ENVIRONMENTAL USE OF SUCH LAND SUBJECT TO REGULATION 33(3) OF THE REGULATIONS. 1.1.4 THE CARRYING OUT OF OPERATIONS INTENDED TO (A) PREVENT OR REDUCE ANY POTENTIAL FOR POLLUTION OR (B) TO REMEDY OR MITIGATE THE EFFECTS OF ANY POLLUTION THAT HAS BEEN CAUSED IN EACH CASE IN RELATION TO ANY SUCH LAND THE CONDITION OF WHICH, BY REASON OF THE CARRYING ON OF AN ACTIVITY ON THE LAND WHICH HAS CEASED, IS SUCH THAT POLLUTION, (WHETHER OF THAT LAND OR NOT) IS BEING OR MAY BE CAUSED SUBJECT IN BOTH CASES TO REGULATION 33(3) OF THE REGULATIONS. 1.1.5 RESEARCH AND DEVELOPMENT, EDUCATION OR COLLECTION AND DISSEMINATION OF THE INFORMATION ABOUT WASTE MANAGEMENT PRACTICES GENERALLY FOR THE PURPOSE OF ENCOURAGING THE USE OF MORE SUSTAINABLE WASTE MANAGEMENT PRACTICES IN THE UNITED KINGDOM. 1.1.6 THE PROVISION, MAINTENANCE OR IMPROVEMENT OF PUBLIC PARKS OR OTHER PUBLIC AMENITIES WHICH ARE FOR THE PROTECTION OF THE ENVIRONMENT AND ARE IN THE VICINITY OF A LANDFILL SITE PROVIDED THAT THE PROVISION OF THE PARK OR AMENITY IS NOT REQUIRED AS A CONDITION OF ANY PLANNING PERMISSION OR OTHER STATUTORY CONSENT OR APPROVAL GRANTED ON THE APPLICATION OF ANY PERSON MAKING A QUALIFYING CONTRIBUTION TO THE CHARITY WITHIN THE MEANING OF THE REGULATIONS OR ANY MODIFICATION OR REPLACEMENT THEREOF OR BY A TERM OF AGREEMENT MADE UNDER SECTION 106 OF THE TOWN AND COUNTRY PLANNING ACT 1990 TO WHICH SUCH A PERSON IS PARTY. 1.1.7 WHERE IT IS FOR THE PROTECTION OF THE ENVIRONMENT, THE MAINTENANCE, REPAIR OR RESTORATION OF A BUILDING OR OTHER STRUCTURE WHICH: (A) IS A PLACE OF RELIGIOUS WORSHIP OR OF HISTORIC OR ARCHITECTURAL INTEREST; (B) IS OPEN TO THE PUBLIC; AND (C) IS SITUATED IN THE VICINITY OF A LANDFILL SITE PROVIDED SUCH MAINTENANCE, REPAIR OR RESTORATION IS NOTE REQUIRED AS A CONDITION OF ANY PLANNING PERMISSION OR OTHER STATUTORY CONSENT OR APPROVAL GRANTED ON THE APPLICATION OF ANY PERSON MAKING A QUALIFYING CONTRIBUTION TO THE CHARITY WITHIN THE MEANING OF THE REGULATIONS OR ANY MODIFICATION OR REPLACEMENT THEREOF OR BY A TERM OF AN AGREEMENT MADE UNDER SECTION 106 OF THE TOWN AND COUNTRY PLANNING ACT 1990 TO WHICH A PERSON IS A PARTY. 1.1.8 THE PROVISION OF FINANCIAL ADMINISTRATION AND OTHER SIMILAR SERVICES TO ORGANISATIONS APPROVED AS ENVIRONMENTAL BODIES BY ENTRUST AND WHICH ARE WITHIN THE REGULATIONS OR ANY MODIFICATION OR REPLACEMENT THEREOF. 1.1.9 TO BE AN APPROVED BODY WITH THE REGULATIONS OR ANY MODIFICATION OR REPLACEMENT THEREOF.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED. IN PRACTICE UNITED KINGDOM

Contact information

Address:
PO Box 977
Taunton
Somerset
TA1 9PQ
Phone:
01823476476
Email:
enquiries@valenciacommunitiesfund.co.uk
Website:

www.valenciacommunitiesfund.co.uk Open in new window