MARKET HARBOROUGH AND THE BOWDENS CHARITY

Charity Number: 1041958
Removed charity

Charity overview

Activities - how the charity spends its money

To make, within an area of benefit defined in the charity's trust deed, charitable donations for the general benefit of the community and donations to individuals to relieve need, hardship or distress, and to provide almshouses and allotments. In addition the charity does provide funds for the maintenance and repair of the fabric of the Parish Church of Great Bowden.

Income and expenditure

Data for financial year ending 30 December 2015

Total income:
£678,382

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Donations and legacies £1.38k
Charitable activities £73.41k
Other trading activities £0
Investments £603.55k
Other £33

Total expenditure:
£494,445

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Raising funds £0
Charitable activities £421.45k
Other £0

-£82,609 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.

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Raising funds and other expenditure £73.00k
Charitable expenditure £421.45k
Retained for future use £183.94k

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

Main way of carrying out purposes is grant making
What the charity does:
  • General Charitable Purposes
  • Education/training
  • Disability
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
  • Religious Activities
  • Arts/culture/heritage/science
  • Amateur Sport
  • Environment/conservation/heritage
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
  • 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:
  • Leicestershire

Governance

Registration history:
  • 17 May 1963: Standard registration
  • 26 May 2017: Removed (Transfer of funds)
Organisation type:
Other
Other names:
  • MARKET HARBOROUGH AND BOWDENS CHARITY (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 31/12/2011 31/12/2012 31/12/2013 31/12/2014 30/12/2015
Total gross income £584.10k £628.99k £658.23k £645.62k £678.38k
Total expenditure £493.22k £582.59k £561.48k £1.23m £494.45k
Income from government contracts N/A N/A N/A N/A £0
Income from government grants N/A N/A N/A N/A £0
Income - Donations and legacies £0 £441 £510 £730 £1.38k
Income - Other trading activities £2.94k £4.47k £4.69k £4.81k £0
Income - Charitable activities £53.59k £56.18k £58.57k £60.00k £73.41k
Income - Endowments £0 £434 £500 £0 £0
Income - Investment £527.52k £568.18k £594.06k £578.32k £603.55k
Income - Other £50 £148 £893 £1.75k £33
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £437.26k £499.11k £492.36k £1.16m £421.45k
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance £24.73k £31.10k £35.70k £37.39k £22.70k
Expenditure - Grants institution £288.51k £317.78k £295.91k £613.72k £194.71k
Expenditure - Investment management £31.23k £52.39k £33.42k £29.32k £49.02k
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 31/12/2011 31/12/2012 31/12/2013 31/12/2014 30/12/2015
Own use assets £1.55m £1.56m £2.00m £2.06m £2.08m
Long-term investments £12.64m £13.47m £14.97m £15.23m £15.13m
Other assets £776.78k £908.80k £966.56k £355.81k £541.27k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £32.37k £95.40k £35.33k £52.65k £57.78k

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 2016 Not submitted
Accounts and TAR 31 December 2016 30 October 2017 On Time
Annual return 30 December 2015 29 September 2016 On Time
Accounts and TAR 30 December 2015 29 September 2016 On Time
Annual return 31 December 2014 30 October 2015 On Time
Accounts and TAR 31 December 2014 30 October 2015 On Time
Annual return 31 December 2013 09 September 2014 On Time
Accounts and TAR 31 December 2013 09 September 2014 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.

SCHEME DATED 29 JULY 1994 AS ALTERED AND AFFECTED BY A SCHEME DATED 28 SEPTEMBER 2007

Charitable objects

1) FOR SUCH CHARITABLE PURPOSES FOR THE GENERAL BENEFIT OF THE INHABITANTS OF THE AREA OF BENEFIT AS THE TRUSTEES THINK FIT FOR WHICH PROVISION IS NOT MADE OUT OF RATES, TAXES OR OTHER PUBLIC FUNDS 2) FOR RELIEF IN NEED IN ACCORDANCE WITH THE PROVISIONS HEREINAFTER CONTAINED (IN THE SCHEME OF 29 JULY 1994). 3) FOR THE MAINTENANCE AND REPAIR OF THE FABRIC OF THE PARISH CHURCH OF THE ECCLESIASTICAL PARISH OF ST PETER AND ST PAUL, GREAT BOWDEN. IN APPLYING THE INCOME OF THE CHARITY, THE TRUSTEES MUST NOT APPLY MORE THAN 20% OF THE CHARITY'S INCOME IN ANY THREE YEAR PERIOD.

Area of benefit

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

THE URBAN DISTRICT OF MARKET HARBOROUGH AS CONSTITUTED IMMEDIATELY BEFORE 1 APRIL 1974

Linked charities

Linked charities
Linked charity 1041958-1 SYMINGTON PENSION OR ASSISTANCE FUND
Governing document
WILL PROVED AT LEICESTER PROBATE REGISTRY 29 MAY 1923
Charitable objects
TO RELIEVE DISTRESS ARISING FROM SICKNESS, ACCIDENT, OLD AGE OR INFIRMITY OR TO PROVIDE MEDICAL APPLIANCE OR APPARATUS OR DENTAL TREATMENT OR TO PROVIDE PENSIONS OR TO SUPPLEMENT PENSIONS OR ALLOWANCES TO OR FOR DESERVING PERSONS RESIDENT IN THE PARISHES OF MARKET HARBOROUGH, GREAT OR LITTLE BOWDEN WITHOUT RESPECT TO AGE SEX OR RELIGION.
Area of benefit
PARISH OF MARKET HARBOROUGH, GREAT OR LITTLE BOWDEN
Registration history
  • 17 May 1963 : Standard registration
  • 26 May 2017 : Removed