THE ADOLESCENT AND CHILDREN'S TRUST

Charity number: 1018963
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

TACT IS A DIVERSIFIED CHILDREN'S CHARITY PREDOMINANTLY PROVIDING FOSTERING, ADOPTION AND PERMANENCY FOR CHILDREN AND YOUNG PEOPLE IN PUBLIC CARE OR ON THE CUSP OF CARE. THE CHARITY ALSO CAMPAIGNS AND ADVOCATES ON BEHALF OF LOOKED AFTER CHILDREN.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£26,378,000

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Donations and legacies £6.00k
Charitable activities £26.16m
Other trading activities £0
Investments £213.00k
Other £3.00k

Total expenditure:
£25,204,000

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Raising funds £78.00k
Charitable activities £25.13m
Other £0

£213,000 investments gains (losses)

Total income includes £25,960,000 from 542 government contract(s) and £1,000 from 1 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 £78.00k
Charitable expenditure £25.13m
Retained for future use £1.17m

People

204 Employee(s)

9 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 13
£70k to £80k 3
£90k to £100k 2
£110k to £120k 1
£120k to £130k 1
£150k to £200k 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:
  • General Charitable Purposes
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Disability
Who the charity helps:
  • Children/young People
How the charity helps:
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout England And Wales
  • Scotland

Governance

Registration history:
  • 19 March 1993: Standard registration
Organisation type:
Charitable company
Other names:
  • TACT (Working name)
Company number:
02779751 Open in new window
Gift aid:
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
  • 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
  • Trustee expenses policy and procedures
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
Professor Lorraine Johnstone Trustee 11 September 2024
None on record
Richard Penney Trustee 19 June 2024
None on record
Francisco Yeo Trustee 19 June 2024
None on record
Chizoma Okaro Trustee 19 June 2024
None on record
PHILIP WOODMAN Trustee 05 December 2023
THE PROVINCIAL GRAND LODGE OF WEST KENT PROPERTY HOLDCO LIMITED
Received: On time
Tom Bingham Trustee 30 November 2021
None on record
Jennifer O'Connell Trustee 21 September 2021
None on record
Paul Anderson Trustee 26 January 2021
None on record
Michael Scott Trustee 23 September 2020
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 £30.39m £25.60m £25.44m £26.32m £26.38m
Total expenditure £30.16m £23.91m £24.24m £24.37m £25.20m
Income from government contracts £29.90m £25.53m £25.38m £25.87m £25.96m
Income from government grants £270.00k N/A £5.00k N/A £1.00k
Income - Donations and legacies £24.00k £139.00k £7.00k £11.00k £6.00k
Income - Other trading activities £30.22m £0 £5.00k £0 £0
Income - Charitable activities £144.00k £25.39m £0 £26.06m £26.16m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £0 £0 £0 £58.00k £213.00k
Income - Other £0 £68.00k £51.00k £190.00k £3.00k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £30.08m £23.82m £24.14m £24.27m £25.13m
Expenditure - Raising funds £81.00k £91.00k £98.00k £100.00k £78.00k
Expenditure - Governance £0 £157.00k £4.83m £0 £0
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 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £559.00k £525.00k £511.00k £216.00k £150.00k
Long-term investments £0 £0 £0 £0 £0
Other assets £6.30m £7.98m £9.30m £11.52m £11.67m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £3.68m £3.64m £3.74m £3.72m £2.63m

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 09 January 2025 On Time
Accounts and TAR 31 March 2024 09 January 2025 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 28 December 2022 On Time
Accounts and TAR 31 March 2022 28 December 2022 On Time Download Open in new window
Annual return 31 March 2021 25 January 2022 On Time
Accounts and TAR 31 March 2021 25 January 2022 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 OF ASSOCIATION INCORPORATED 14 JANUARY 1993 AS AMENDED BY SPECIAL RESOLUTION ON 8 SEPTEMBER 2003, 27 JULY 2005, 27 JUNE 2007 AND 27 NOVEMBER 2007. AS AMENDED BY SPECIAL RESOLUTION(S) DATED 30 JAN 2018 as amended on 18 Dec 2023 as amended on 19 Jun 2024

Charitable objects

(1) TO RELIEVE CHILDREN AND YOUNG PEOPLE WHO BY REASON OF THEIR CIRCUMSTANCES HAVE NEED OF FOSTER, ADOPTIVE OR SUBSTITUTE CARE BY PLACING CHILDREN IN FOSTER HOMES OR ADOPTIVE PLACEMENTS AND BY TRAINING FOSTER OR ADOPTIVE PARENTS TO DEAL WITH THE NEEDS OF CHILDREN IN THEIR CARE; (2) OTHERWISE TO PROMOTE THE CARE AND UPBRINGING AND ESTABLISHMENT IN LIFE OF CHILDREN IN NEED THEREOF INCLUDING BY PROMOTION OF THEIR HEALTH, DEVELOPMENT AND EDUCATIONAL ATTAINMENT AND PARTICULARLY CHILDREN IN FOSTER OR ADOPTIVE CARE; AND (3) TO PROMOTE EDUCATION AND RESEARCH FOR THE PUBLIC BENEFIT IN THE SUBJECT OF CHILDREN IN CARE, PUBLIC POLICY ON CARE AND THE NEEDS OF CHILDREN ENTERING THE CARE SYSTEM.

Area of benefit

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

NOT DEFINED

Contact information

Address:
Tact Care
PO Box 137
BLYTH
Northumberland
NE24 9FJ
Phone:
02086958135
Email:
CorporateServices@tactcare.org.uk
Website:

www.tactcare.org.uk Open in new window