THE DEVON AND CORNWALL HOUSING TRUST

Charity Number: 1003533
Removed charity

Charity overview

Activities - how the charity spends its money

Devon & Cornwall Housing Trust is the parent company for Devon & Cornwall Housing group. Our group comprises Devon & Cornwall Housing Association, Penwith Housing Association and Tor Homes. We are a diverse and dynamic group of organisations, providing housing, support and regeneration services across Cornwall and Devon.

Income and expenditure

Data for financial year ending 31 March 2009

Total income:
£79,448,000

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Donations and legacies £0
Charitable activities £75.81m
Other trading activities £3.07m
Investments £564.00k
Other £0

Total expenditure:
£72,486,000

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Raising funds £0
Charitable activities £69.90m
Other £0

£396,000 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 £2.58m
Charitable expenditure £69.90m
Retained for future use £6.96m

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • Accommodation/housing
  • Economic/community Development/employment
Who the charity helps:
  • Elderly/old People
  • People With Disabilities
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Buildings/facilities/open Space
Where the charity operates:
  • Cornwall
  • Devon

Governance

Registration history:
  • 19 July 1991: Standard registration
  • 30 November 2010: Removed (Transferred to exempt chy)
Organisation type:
Charitable company
Other names:
  • THE DEVON AND CORNWALL HOUSING CHARITABLE TRUST (Previous name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/03/2005 31/03/2006 31/03/2007 31/03/2008 31/03/2009
Total gross income £75.00k £78.03k £83.67k £99.22k £79.45m
Total expenditure £14.00k £38.25k £39.46k £35.15k £72.49m
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 N/A N/A N/A N/A £0
Income - Other trading activities N/A N/A N/A N/A £3.07m
Income - Charitable activities N/A N/A N/A N/A £75.81m
Income - Endowments N/A N/A N/A N/A £0
Income - Investment N/A N/A N/A N/A £564.00k
Income - Other N/A N/A N/A N/A £0
Income - Legacies N/A N/A N/A N/A £0
Expenditure - Charitable activities N/A N/A N/A N/A £69.90m
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance N/A N/A N/A N/A £166.00k
Expenditure - Grants institution N/A N/A N/A N/A £0
Expenditure - Investment management N/A N/A N/A N/A £0
Expenditure - Other N/A N/A N/A N/A £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 31/03/2005 31/03/2006 31/03/2007 31/03/2008 31/03/2009
Own use assets N/A N/A N/A N/A £377.82m
Long-term investments N/A N/A N/A N/A £282.00k
Other assets N/A N/A N/A N/A £38.80m
Defined benefit pension scheme asset or liability N/A N/A N/A N/A -£4.30m
Total liabilities N/A N/A N/A N/A £300.80m

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 2010 Not submitted
Accounts and TAR 31 March 2010 Not submitted
Annual return 31 March 2009 09 November 2009 On Time
Accounts and TAR 31 March 2009 09 November 2009 On Time
Annual return 31 March 2008 12 January 2009 On Time
Accounts and TAR 31 March 2008 11 September 2008 On Time
Annual return 31 March 2007 16 January 2008 On Time
Accounts and TAR 31 March 2007 23 November 2007 On Time
Annual return 31 March 2006 21 December 2006 On Time
Accounts and TAR 31 March 2006 21 December 2006 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.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 20 MAY 1991 AS AMENDED BY SPECIAL RESOLUTION DATED 8 SEPT 1994, 10 MAY 1999, 27 SEPT 1999, 11 JULY 2002, 22 SEPT 2005, 16 FEB 2006, 29 SEPT 2006, 15 DEC 2006, 10 MAY 07, 28 SEPT 2007 & 26 SEPT 08.

Charitable objects

(1) THE RELIEF OF PERSONS WHO ARE IN FINANCIAL NEED AND IN NEED OF CARE, SUPPORT & RESETTLEMENT BY THE PROVISION OF ACCOMMODATION ON TERMS APPROPRIATE TO THEIR MEANS. (2) THE RELIEF OF PERSONS WITH A MENTAL OR PHYSICAL HANDICAP BY THE PROVISION OF RESIDENTIAL ACCOMMODATION ADAPTED TO THEIR SPECIAL NEEDS. (3) THE RELIEF OF ANY SUCH PERSONS BY THE PROVISION OF ADVICE, COUNSELLING AND ANY OTHER FORM OF ASSISTANCE INCLUDING HELP IN FINDING EMPLOYMENT, EDUCATION, TRAINING AND MEDICAL TREATMENT IN ORDER THAT THEY MAY ACHIEVE A SETTLED WAY OF LIFE IN THE COMMUNITY THE RELIEF OF PERSONS WITH A MENTAL OR PHYSICAL HANDICAP BY THE PROVISION OF RESIDENTIAL ACCOMMODATION ADAPTED TO THEIR SPECIAL NEEDS. THE RELIEF OF ANY SUCH PERSONS BY THE PROVISION OF ADVICE, COUNSELLING AND ANY OTHER FORM OF ASSISTANCE INCLUDING HELP IN FINDING EMPLOYMENT, EDUCATION,TRAINING AND MEDICAL TREATMENT IN ORDER THAT THEY MAY ACHIEVE A SETTLED WAY OF LIFE IN THE COMMUNITY.

Area of benefit

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

IN PRACTICE DEVON AND CORNWALL