TARGET HOUSING LIMITED

Charity Number: 1017481
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Target provides housing and support services to vulnerable and marginalised adults and families. Target holds contracts with both local authorities and private sector organisations. As a registered social landlord Target is steadily developing its own property portfolio with the assistance of Charity Bank and Futurebulders England.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£15,383,849

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Donations and legacies £0
Charitable activities £14.92m
Other trading activities £0
Investments £107
Other £462.98k

Total expenditure:
£15,574,122

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Raising funds £0
Charitable activities £15.31m
Other £261.40k

£0 investments gains (losses)

Total income includes £6,048,645 from 9 government contract(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.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £261.40k
Charitable expenditure £15.31m

People

183 Employee(s)

6 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£90k to £100k 1

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
  • Accommodation/housing
Who the charity helps:
  • Children/young People
  • People With Disabilities
  • Other Defined Groups
How the charity helps:
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Barnsley
  • Derbyshire
  • Doncaster
  • East Riding Of Yorkshire
  • Kingston Upon Hull City
  • Nottinghamshire
  • Rotherham
  • Sheffield City

Governance

Registration history:
  • 18 February 1993: Standard registration
  • 29 July 2021: Funds received from 226999 NORMAN HOUSE
Organisation type:
Charitable company
Other names:

No other names

Company number:
02787689 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
  • Homes England
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
  • 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
  • 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

6 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Karen Rick Chair 15 November 2022
None on record
Tom Doughty Trustee 28 May 2024
None on record
Jimitha Jacob Trustee 28 May 2024
None on record
Simon Holcombe Trustee 01 August 2023
None on record
Steven Crane Trustee 15 May 2023
None on record
Richard Casken Trustee 06 September 2022
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 £8.19m £10.12m £12.23m £13.92m £15.38m
Total expenditure £7.63m £9.07m £12.07m £13.94m £15.57m
Income from government contracts £3.93m £4.41m £5.27m £5.65m £6.05m
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £0 £0 £0 £0 £0
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £8.19m £10.12m £12.23m £13.50m £14.92m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £0 £0 £0 £453 £107
Income - Other £226 £56 £86 £423.17k £462.98k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £7.63m £9.07m £12.07m £13.82m £15.31m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £0 £0 £0 £0 £0
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £121.27k £261.40k

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 £2.79m £4.45m £8.43m £10.17m £12.05m
Long-term investments £0 £0 £0 £0 £0
Other assets £1.71m £3.49m £2.42m £1.86m £2.23m
Defined benefit pension scheme asset or liability -£191.00k -£423.00k -£302.00k -£267.00k -£267.00k
Total liabilities £2.27m £4.75m £7.57m £9.01m £11.52m

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 01 October 2024 On Time
Accounts and TAR 31 March 2024 01 October 2024 On Time Download Open in new window
Annual return 31 March 2023 13 October 2023 On Time
Accounts and TAR 31 March 2023 13 October 2023 On Time Download Open in new window
Annual return 31 March 2022 16 January 2023 On Time
Accounts and TAR 31 March 2022 16 January 2023 On Time Download Open in new window
Annual return 31 March 2021 15 November 2021 On Time
Accounts and TAR 31 March 2021 15 November 2021 On Time Download Open in new window
Annual return 31 March 2020 30 November 2020 On Time
Accounts and TAR 31 March 2020 30 November 2020 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 08/02/1993 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 23/11/1995 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 28/03/2007 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 06/05/2011 NOW ARTICLES ADOPTED BY SPECIAL RESOLUTION DATED 16 NOV 2016

Charitable objects

TO RELIEVE HOMELESS PERSONS, AND IN PARTICULAR THOSE PERSONS WHO ARE IN CONDITIONS OF NEED, HARDSHIP OR DISTRESS INCLUDING THOSE WHO HAVE SUFFERED A LEGAL RESTRICTION ON THEIR LIBERTY, BY THE PROVISION OR ASSISTING IN THE PROVISION OF ACCOMMODATION INCLUDING SOCIAL HOUSING; 2.2 TO ASSIST PEOPLE WHO ARE IN NEED, HARDSHIP OR DISTRESS, WITH PARTICULAR REGARD FOR THOSE WHO ARE VULNERABLE AND/OR HAVE COMPLEX NEEDS; SUCH ASSISTANCE TO INCLUDE: (A) SUPPORTED ACCOMMODATION WITH THE PURPOSE OF ACHIEVING INDEPENDENT LIVING (B) ADVICE, INFORMATION, GUIDANCE AND SUPPORT CONCERNING ACCOMMODATION, HEALTH, EMPLOYMENT, SELF-EMPLOYMENT, TRAINING AND EDUCATION (C) FINANCIAL ASSISTANCE AS APPROPRIATE (D) SUCH TRAINING IN TECHNICAL, SOCIAL LIFE SKILLS AS WILL ENHANCE WELLBEING AND EMPLOYMENT OPPORTUNITIES AND ASSIST SOCIAL INTEGRATION AND COMMUNITY STABILITY

Area of benefit

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

CITY OF SHEFFIELD

Contact information

Address:
Unit A4 - A6
Bradmarsh Business Park
Bow Bridge Close
Rotherham
S60 1BY
Phone:
03302020403
Email:
info@targethousing.org.uk
Website:

www.targethousing.org.uk Open in new window