THE SIR SIMON MILTON FOUNDATION

Charity number: 1149166
Removed charity

Charity overview

Activities - how the charity spends its money

The overriding aim of the Charity is to continue delivering Sir Simon's vision of a caring city that offers opportunity for all. The Charity's programmes provide young people with jobs and training and ensure that older residents are looked after and valued in their communities. The Charity is committed to developing programmes in partnership with local agencies, residents and beneficiaries.

Income and expenditure

Data for financial year ending 31 March 2017

Total income:
£1,217,000

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Donations and legacies £537.00k
Charitable activities £179.00k
Other trading activities £501.00k
Investments £0
Other £0

Total expenditure:
£516,000

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Raising funds £0
Charitable activities £357.00k
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 £159.00k
Charitable expenditure £357.00k
Retained for future use £701.00k

Fundraising

This charity raises funds from the public but does not work with commercial participators.

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
  • The Prevention Or Relief Of Poverty
  • Economic/community Development/employment
  • Other Charitable Purposes
Who the charity helps:
  • Children/young People
  • Elderly/old People
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Other Finance
  • Other Charitable Activities
Where the charity operates:
  • City Of Westminster
  • Northern Ireland
  • Scotland

Governance

Registration history:
  • 01 October 2012: Standard registration
  • 13 May 2018: Removed (Amalgamated)
  • 13 May 2018: Funds transferred to 1174405 THE SIR SIMON MILTON FOUNDATION
Organisation type:
Trust
Other names:

No other names

Gift aid:
No information available
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/03/2014 31/03/2015 31/03/2016 31/03/2017
Total gross income £412.07k £443.13k £854.00k £1.22m
Total expenditure £77.80k £106.46k £359.00k £516.00k
Income from government contracts N/A £0 £0 £0
Income from government grants N/A £30.00k £0 £0
Income - Donations and legacies N/A N/A £503.00k £537.00k
Income - Other trading activities N/A N/A £290.00k £501.00k
Income - Charitable activities N/A N/A £61.00k £179.00k
Income - Endowments N/A N/A £0 £0
Income - Investment N/A N/A £0 £0
Income - Other N/A N/A £0 £0
Income - Legacies N/A N/A £2.00k £0
Expenditure - Charitable activities N/A N/A £246.00k £357.00k
Expenditure - Raising funds N/A N/A £113.00k £159.00k
Expenditure - Governance N/A N/A £108.00k £69.00k
Expenditure - Grants institution N/A N/A £0 £0
Expenditure - Investment management N/A N/A £0 £0
Expenditure - Other N/A N/A £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 31/03/2014 31/03/2015 31/03/2016 31/03/2017
Own use assets N/A N/A £0 £0
Long-term investments N/A N/A £0 £0
Other assets N/A N/A £1.35m £2.09m
Defined benefit pension scheme asset or liability N/A N/A £0 £0
Total liabilities N/A N/A £156.00k £193.00k

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 December 2017 Not submitted
Accounts and TAR 31 December 2017 31 May 2018 On time
Annual return 31 March 2017 15 December 2017 On time
Accounts and TAR 31 March 2017 15 December 2017 On time
Annual return 31 March 2016 06 January 2017 On time
Accounts and TAR 31 March 2016 06 January 2017 On time
Annual return 31 March 2015 14 December 2015 On time
Accounts and TAR 31 March 2015 14 December 2015 On time

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.

TRUST DEED DATED 13 JUN 2012

Charitable objects

THE OBJECTS OF THE CHARITY ('THE OBJECTS') ARE: (I) TO PROMOTE SOCIAL INCLUSION FOR THE PUBLIC BENEFIT BY PREVENTING PEOPLE IN THE CITY OF WESTMINSTER FROM BECOMING SOCIALLY EXCLUDED, RELIEVING THE NEEDS OF THOSE PEOPLE WHO ARE SOCIALLY EXCLUDED AND ASSISTING THEM TO INTEGRATE INTO SOCIETY. FOR THE PURPOSES OF THIS CLAUSE 'SOCIALLY EXCLUDED' MEANS BEING EXCLUDED FROM SOCIETY OR PARTS OF SOCIETY, AS A RESULT OF ONE OR MORE OF THE FOLLOWING FACTORS: YOUTH OR OLD AGE; UNEMPLOYMENT; FINANCIAL HARDSHIP; ILL HEALTH (PHYSICAL OR MENTAL); SUBSTANCE ABUSE OR DEPENDENCY, INCLUDING ALCOHOL AND DRUGS; DISCRIMINATION ON THE GROUNDS OF SEX, RACE, DISABILITY, ETHNIC ORIGIN, RELIGION, BELIEF, CREED, SEXUAL ORIENTATION OR GENDER REASSIGNMENT; POOR EDUCATIONAL OR SKILLS ATTAINMENT; RELATIONSHIP AND FAMILY BREAKDOWN; POOR HOUSING (THAT IS HOUSING THAT DOES NOT MEET BASIC HABITABLE STANDARDS); CRIME (EITHER AS A VICTIM OF CRIME OR AS AN OFFENDER REHABILITATING INTO SOCIETY). (II) TO RELIEVE FINANCIAL HARDSHIP, LONELINESS, SICKNESS AND POOR HEALTH AMONGST ELDERLY PEOPLE IN THE CITY OF WESTMINSTER. (III) THE RELIEF OF UNEMPLOYMENT FOR THE BENEFIT OF PEOPLE LIVING OR WORKING IN THE CITY OF WESTMINSTER IN SUCH WAYS AS MAY BE THOUGHT FIT, INCLUDING ASSISTANCE TO FIND EMPLOYMENT. (IV) TO ACT AS A RESOURCE FOR YOUNG PEOPLE LIVING IN THE CITY OF WESTMINSTER BY PROVIDING ADVICE AND ASSISTANCE AND ORGANISING PROGRAMMES OF PHYSICAL, EDUCATIONAL AND OTHER ACTIVITIES AS A MEANS OF: (A) ADVANCING IN LIFE AND HELPING YOUNG PEOPLE BY DEVELOPING THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS INDEPENDENT, MATURE AND RESPONSIBLE INDIVIDUALS; (B) ADVANCING EDUCATION; (C) RELIEVING UNEMPLOYMENT; (D) PROVIDING RECREATIONAL AND LEISURE TIME ACTIVITY IN THE INTERESTS OF SOCIAL WELFARE FOR PEOPLE LIVING IN THE CITY OF WESTMINSTER WHO HAVE NEED BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABILITY, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES WITH A VIEW TO IMPROVING THE CONDITIONS OF LIFE OF SUCH PERSONS. (V) FOR THE PUBLIC BENEFIT TO PROMOTE THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF YOUNG PEOPLE IN THE CITY OF WESTMINSTER IN SUCH WAYS AS THE TRUSTEES THINK FIT, INCLUDING BY AWARDING TO SUCH PERSONS SCHOLARSHIPS, MAINTENANCE ALLOWANCES OR GRANTS TENABLE AT ANY UNIVERSITY, COLLEGE OR INSTITUTION OF FURTHER OR HIGHER EDUCATION, OR BY PROVIDING THEIR EDUCATION (INCLUDING THE STUDY OF MUSIC OR OTHER ARTS), TO UNDERTAKE TRAVEL IN FURTHERANCE OF THAT EDUCATION OR TO PREPARE FOR ENTRY TO ANY OCCUPATION, TRADE OR PROFESSION ON LEAVING ANY EDUCATIONAL ESTABLISHMENT. NOTHING IN THIS DEED SHALL AUTHORISE AN APPLICATION OF THE PROPERTY OF THE CHARITY FOR PURPOSES WHICH ARE NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005 AND/OR SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008.