TOWN CHARITY

Charity number: 203217
Removed charity

Charity overview

Activities - how the charity spends its money

The Town Charity maintains 6 almshouses in the village of Girton Cambridgeshire. It also provides assistance for the relief of need and makes grants for charitable purposes for individuals in Girton and organisations serving the needs of villagers.

Income and expenditure

Data for financial year ending 31 January 2008

Total income:
£562,804

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Donations and legacies £0
Charitable activities £22.92k
Other trading activities £0
Investments £539.89k
Other £0

Total expenditure:
£200,049

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Raising funds £0
Charitable activities £133.88k
Other £0

-£827,053 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 £66.17k
Charitable expenditure £133.88k
Retained for future use £362.76k

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
Where the charity operates:
  • Cambridgeshire

Governance

Registration history:
  • 26 August 1962: Standard registration
  • 17 July 2009: Removed
  • 17 July 2009: Funds transferred to 1130272-1 TOWN CHARITY
Organisation type:
Other names:
  • GIRTON TOWN CHARITY (Working 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 31/01/2004 31/01/2005 31/01/2006 31/01/2007 31/01/2008
Total gross income £370.02k £606.26k £636.79k £448.10k £562.80k
Total expenditure £52.43k £157.16k £342.69k £748.73k £200.05k
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 £0
Income - Charitable activities N/A N/A N/A N/A £22.92k
Income - Endowments N/A N/A N/A N/A £0
Income - Investment N/A N/A N/A N/A £539.89k
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 £133.88k
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance N/A N/A N/A N/A £18.94k
Expenditure - Grants institution N/A N/A N/A N/A £90.60k
Expenditure - Investment management N/A N/A N/A N/A £47.23k
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 31/01/2004 31/01/2005 31/01/2006 31/01/2007 31/01/2008
Own use assets N/A N/A N/A N/A £131.00k
Long-term investments N/A N/A N/A N/A £17.84m
Other assets N/A N/A N/A N/A £3.84m
Defined benefit pension scheme asset or liability N/A N/A N/A N/A £0
Total liabilities N/A N/A N/A N/A £217.50k

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 January 2009 Not submitted
Accounts and TAR 31 January 2009 Not submitted
Annual return 31 January 2008 26 November 2008 On time
Accounts and TAR 31 January 2008 26 November 2008 On time
Annual return 31 January 2007 29 November 2007 On time
Accounts and TAR 31 January 2007 28 January 2008 59 days late
Annual return 31 January 2006 09 November 2006 On time
Accounts and TAR 31 January 2006 01 October 2006 On time
Annual return 31 January 2005 11 November 2005 On time
Accounts and TAR 31 January 2005 11 November 2005 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 OF THE CHARITY COMMISSION DATED 24 JUNE 2009

Charitable objects

(1) THE OBJECTS OF THE CHARITY ARE: (A) THE PROVISION OF HOUSING ACCOMMODATION FOR PERSONS WHO ARE IN NEED, HARDSHIP OR DISTRESS AND (SUBJECT TO CLAUSE 9(3)) RESIDE IN THE AREA OF BENEFIT. THE TRUSTEE MUST GIVE PREFERENCE TO THE ELDERLY. (B) SUCH CHARITABLE PURPOSES AS ARE CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES FOR THE BENEFIT OF THE RESIDENTS AS THE TRUSTEE THINKS FIT; (C) THE RELIEF OF THE INHABITANTS OF THE AREA OF BENEFIT WHO ARE IN NEED, HARDSHIP OR DISTRESS, EITHER GENERALLY OR INDIVIDUALLY, BY MAKING GRANTS OF MONEY FOR PROVIDING OR PAYING FOR ITEMS, SERVICES OR FACILITIES. (IN EXCEPTIONAL CIRCUMSTANCES, THE TRUSTEE MAY GRANT RELIEF TO A PERSON WHO IS OTHERWISE ELIGIBLE BUT RESIDES OUTSIDE THE AREA OF BENEFIT); AND (D) THE PROMOTION OF SUCH CHARITABLE PURPOSES AS ARE CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES FOR THE GENERAL BENEFIT OF THE INHABITANTS OF THE AREA OF BENEFIT AS THE TRUSTEE THINKS FIT. (2) THE LAND IDENTIFIED IN PART 1 OF THE SCHEDULE TO THIS SCHEME MUST BE RETAINED BY THE TRUSTEE FOR USE AS THE HOMES.

Area of benefit

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

PARISH OF GIRTON, CAMBRIDGESHIRE.