Power2 Ltd

Charity Number: 1099782
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Power2 is a leading youth development charity. We believe there is no greater cost to society than unfulfilled potential. We support children and young people at key transition points to achieve their potential by developing crucial life skills, boosting confidence and improving self-esteem. Our two main programmes are the award-winning Teens & Toddlers programme and the Young Leaders programme.

Income and expenditure

Data for financial year ending 31 July 2024

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.

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

What the charity does:
  • Education/training
Who the charity helps:
  • Children/young People
How the charity helps:
  • Provides Services
Where the charity operates:
  • Throughout England

Governance

Registration history:
  • 01 October 2003: Standard registration
Organisation type:
Charitable company
Other names:
  • POWER2 (Working name)
  • CHILDREN: OUR ULTIMATE INVESTMENT (UK) (Previous name)
  • TEENS AND TODDLERS (Previous name)
  • TEENS AND TODDLERS TRADING AS POWER2 LTD (Previous name)
Company number:
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity 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 policy and procedures
  • 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

11 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Michael Francies Chair 04 June 2025
None on record
Shazia Latif Book Trustee 02 October 2024
None on record
Lara Norris Trustee 02 October 2024
None on record
Michael Hartig Trustee 02 October 2024
None on record
Troels Henriksen Trustee 20 September 2024
EDEN AID LTD
Recently registered
Juliette Wilson-Thomas Trustee 20 September 2024
None on record
Emily Wells Trustee 20 September 2024
None on record
Lauren Livingston Trustee 13 June 2023
None on record
Amira Shariif Ali Trustee 24 September 2021
None on record
James Victor Aylward Potter Trustee 20 January 2021
None on record
Reena Gogna Trustee 01 June 2020
UNIVERSITY COLLEGE SCHOOL
Received: On time

Financial history

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Financial period end date

Income / Expenditure 29/02/2020 28/02/2021 28/02/2022 31/07/2023 31/07/2024
Total gross income £1.04m £1.22m £1.19m £2.31m £2.36m
Total expenditure £1.31m £1.15m £1.14m £2.25m £2.27m
Income from government contracts £196.20k N/A £24.17k £616.47k £917.06k
Income from government grants N/A £302.03k £93.21k N/A £144.67k
Income - Donations and legacies £882.01k £1.15m £955.99k £86.44k £96.54k
Income - Other trading activities £0 £0 £0 £1.02m £923.89k
Income - Charitable activities £157.32k £64.49k £235.14k £1.20m £1.34m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £820 £181 £24 £0 £3.99k
Income - Other £0 £0 £0 £740 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.12m £930.45k £928.05k £1.91m £2.05m
Expenditure - Raising funds £182.39k £220.48k £214.97k £334.30k £215.74k
Expenditure - Governance £8.79k £10.96k £12.14k £0 £18.53k
Expenditure - Grants institution £0 £0 £0 £0 £0
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 29/02/2020 28/02/2021 28/02/2022 31/07/2023 31/07/2024
Own use assets £0 £0 £0 £23.19k £23.08k
Long-term investments £0 £0 £0 £0 £0
Other assets £318.14k £580.10k £464.92k £609.12k £877.71k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £177.90k £375.69k £212.38k £265.76k £444.08k

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 July 2024 20 May 2025 On Time
Accounts and TAR 31 July 2024 20 May 2025 On Time Download Open in new window
Annual return 31 July 2023 30 April 2024 On Time
Accounts and TAR 31 July 2023 30 April 2024 On Time Download Open in new window
Annual return 28 February 2022 02 August 2022 On Time
Accounts and TAR 28 February 2022 02 August 2022 On Time Download Open in new window
Annual return 28 February 2021 01 July 2021 On Time
Accounts and TAR 28 February 2021 01 July 2021 On Time Download Open in new window
Annual return 29 February 2020 17 December 2020 On Time
Accounts and TAR 29 February 2020 17 December 2020 On Time Download Open in new window
Submit annual return Open in new window

Contact information

Address:
26A Warrington Street
Ashton-under-Lyne
Tameside
OL6 6AS
Phone:
0161 331 9329