PORTSMOUTH FOYER LIMITED

Charity number: 1056602
Removed charity

Charity overview

Activities - how the charity spends its money

The Portsmouth Foyer enables vulnerable and disadvantaged young people aged 16 to 25 years to move from dependence to independence by providing access to accommodation, employment and personal development with appropriate advice, information and support.

Income and expenditure

Data for financial year ending 31 March 2009

Total income:
£1,120,048

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Donations and legacies £500
Charitable activities £1.10m
Other trading activities £0
Investments £20.10k
Other £0

Total expenditure:
£1,188,136

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Raising funds £0
Charitable activities £1.17m
Other £0

-£8,369 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 £17.94k
Charitable expenditure £1.17m

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • Education/training
  • Accommodation/housing
Who the charity helps:
  • Children/young People
  • People Of A Particular Ethnic Or Racial Origin
How the charity helps:
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Hampshire

Governance

Registration history:
  • 05 July 1996: Standard registration
  • 06 April 2010: Removed (Exempt charity)
Organisation type:
Other names:

No other names

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 £1.36m £1.31m £1.16m £1.24m £1.12m
Total expenditure £1.41m £1.41m £1.16m £1.19m £1.19m
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 £778 £7.48k £500
Income - Other trading activities N/A N/A £0 £0 £0
Income - Charitable activities N/A N/A £1.14m £1.21m £1.10m
Income - Endowments N/A N/A £0 £0 £0
Income - Investment N/A N/A £16.76k £23.78k £20.10k
Income - Other N/A N/A £0 £0 £0
Income - Legacies N/A N/A £0 £0 £0
Expenditure - Charitable activities N/A N/A £1.14m £1.17m £1.17m
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance N/A N/A £19.07k £21.09k £17.94k
Expenditure - Grants institution N/A N/A £0 £0 £0
Expenditure - Investment management N/A N/A £0 £0 £0
Expenditure - Other N/A N/A £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 31/03/2005 31/03/2006 31/03/2007 31/03/2008 31/03/2009
Own use assets N/A N/A £37.43k £35.52k £38.69k
Long-term investments N/A N/A £36.73k £34.84k £26.47k
Other assets N/A N/A £482.96k £588.46k £590.48k
Defined benefit pension scheme asset or liability N/A N/A £0 £0 £0
Total liabilities N/A N/A £377.60k £426.41k £499.69k

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 2009 11 January 2010 On Time
Accounts and TAR 31 March 2009 10 December 2009 On Time
Annual return 31 March 2008 20 October 2008 On Time
Accounts and TAR 31 March 2008 20 October 2008 On Time
Annual return 31 March 2007 28 January 2008 On Time
Accounts and TAR 31 March 2007 04 March 2008 33 days late
Annual return 31 March 2006 20 January 2007 On Time
Accounts and TAR 31 March 2006 16 February 2007 16 days late
Annual return 31 March 2005 04 July 2006 154 days late
Accounts and TAR 31 March 2005 04 July 2006 154 days late

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 6 OCTOBER 1995 AS AMENDED 29 SEPTEMBER 2005

Charitable objects

THE RELIEF OF POVERTY, SICKNESS AND DISTRESS, AND THE ADVANCEMENT OF EDUCATION

Area of benefit

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

PORTSMOUTH