VISION REDBRIDGE CULTURE AND LEISURE

Charity number: 1122720
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Provision of a wide range of leisure and cultural facilities across the geographical boundaries of London Borough of Redbridge.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£24,081,000

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Donations and legacies £0
Charitable activities £23.59m
Other trading activities £495.00k
Investments £0
Other £0

Total expenditure:
£24,411,000

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Raising funds £0
Charitable activities £24.41m
Other £0

£0 investments gains (losses)

Total income includes £9,340,000 from 1 government contract(s) and £874,000 from 4 government grant(s)

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.

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Raising funds and other expenditure £0
Charitable expenditure £24.41m

People

344 Employee(s)

9 Trustee(s)

825 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 7
£70k to £80k 1
£80k to £90k 2
£110k to £120k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

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

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • The Advancement Of Health Or Saving Of Lives
  • Arts/culture/heritage/science
  • Amateur Sport
  • Environment/conservation/heritage
  • Recreation
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
Where the charity operates:
  • Redbridge

Governance

Registration history:
  • 11 February 2008: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
06032714 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
  • Ofsted (Office For Standards In Education)
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • 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 owns and/or leases 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

9 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Martin Denis Solder Chair
FRENFORD YOUTH CLUB
Received: On time
NATIONAL ASSOCIATION OF BOYS' AND GIRLS' CLUBS
Received: On time
NORTH AVENUE YOUTH CENTRE
Received: On time
EAST OF ENGLAND AND EAST MIDLANDS REGIONAL YOUTH WORK UNIT
Received: On time
Navdeep Kaur Johal Trustee 09 September 2024
None on record
Cllr Zulfiqar Hussain Trustee 20 June 2022
None on record
Caroline Janet Ward Trustee 21 June 2016
None on record
Stephen John Wilks Trustee 25 January 2016
None on record
Linda Perham Trustee 25 May 2011
None on record
KEVIN JON PITTMAN Trustee 25 May 2011
None on record
DAVID CHARLES THOROGOOD Trustee 25 May 2011
None on record
CATHERINE JANE ROWAN Trustee 25 May 2011
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 £20.06m £19.17m £31.36m £21.29m £24.08m
Total expenditure £21.10m £18.80m £22.21m £22.80m £24.41m
Income from government contracts £9.79m £9.32m £9.06m £8.65m £9.34m
Income from government grants £845.00k £5.79m £3.10m £1.06m £874.00k
Income - Donations and legacies £0 £0 £0 £0 £0
Income - Other trading activities £0 £0 £0 £617.00k £495.00k
Income - Charitable activities £20.05m £19.17m £21.66m £20.67m £23.59m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £9.00k £0 £0 £0 £0
Income - Other £0 £0 £9.70m £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £21.10m £18.80m £22.21m £22.80m £24.41m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £84.00k £91.00k £96.00k £105.00k £128.00k
Expenditure - Grants institution £16.00k £32.00k £50.00k £81.00k £40.00k
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 £887.00k £1.03m £1.22m £1.31m £1.44m
Long-term investments £0 £0 £0 £0 £0
Other assets £3.14m £4.69m £13.98m £2.31m £1.65m
Defined benefit pension scheme asset or liability -£8.29m -£12.74m -£9.59m £0 £0
Total liabilities £2.82m £3.60m £2.75m £2.27m £2.07m

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 11 December 2024 On Time
Accounts and TAR 31 March 2024 11 December 2024 On Time Download Open in new window
Annual return 31 March 2023 30 November 2023 On Time
Accounts and TAR 31 March 2023 30 November 2023 On Time Download Open in new window
Annual return 31 March 2022 25 November 2022 On Time
Accounts and TAR 31 March 2022 25 November 2022 On Time Download Open in new window
Annual return 31 March 2021 13 December 2021 On Time
Accounts and TAR 31 March 2021 13 December 2021 On Time Download Open in new window
Annual return 31 March 2020 31 January 2021 On Time
Accounts and TAR 31 March 2020 31 January 2021 On Time Download Open in new window
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 19 NOV 2007 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 13 DEC 2007 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 15 OCT 2009 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 05 APR 2011 as amended on 29 Jun 2021

Charitable objects

THE CHARITABLE COMPANY HAS BEEN ESTABLISHED FOR PUBLIC BENEFIT PRIMARILY FOR THE COMMUNITY OF AND VISITORS TO THE LONDON BOROUGH OF REDBRIDGE AND SURROUNDING AREAS FOR THE FOLLOWING PURPOSES (THE "OBJECTS"). A) TO PROVIDE OR ASSIST IN THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION IN THE INTEREST OF SOCIAL WELFARE INCLUDING SWIMMING POOLS, ATHLETIC GROUNDS, PLAYING FIELDS, GOLD COURSES, CYCLING TRACKS, FITNESS CENTRES, RECREATION CENTRES, INDOOR AND OUTDOOR ACTIVITY CENTRES, WATERSPORTS CENTRES, FISHING LAKES, THEATRES AND COMMUNITY CENTRES SUCH FACILITIES BEING PROVIDED TO THE PUBLIC AT LARGE SAVE THAT SPECIAL FACILITIES MAY BE PROVIDED TO THE PERSONS WHO BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABILITY, POVERTY OR SOCIAL OR ECONOMIC CIRCUMSTANCES MAY HAVE NEED OR SPECIAL FACILITIES AND SERVICES; AND/OR B) TO PROMOTE AND PRESERVE GOOD HEALTH THROUGH COMMUNITY PARTICIPATION IN HEALTHY RECREATION; AND/OR C) SUCH OTHER CHARITABLE PURPOSES BENEFICIAL TO THE COMMUNITY CONSISTENT WITH THE OBJECTS ABOVE AS THE DIRECTOR TRUSTEES SHALL IN THEIR ABSOLUTE DISCRETION DETERMINE.

Area of benefit

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

LONDON BOROUGH OF REDBRIDGE

Contact information

Address:
3RD FLOOR
CENTRAL LIBRARY
CLEMENTS ROAD
ILFORD
ESSEX
IG1 1EA
Phone:
0208 708 3354
Email:
pam.flindall@visionrcl.org.uk
Website:

www.vision-rcl.org.uk Open in new window