WORCESTER CONSOLIDATED MUNICIPAL CHARITY

Charity number: 205299
Removed charity

Charity overview

Activities - how the charity spends its money

(i) provision of sheltered housing in Worcester City; (ii) provision of financial relief for cases of need, hardship or distress in Worcester City; (iii) provision of financial assistance to organisations that give services calculated to reduce need, hardship or distress of their beneficiaries; and (iv) payment of pensions to needy Worcester residents (none are paid owing to State provision).

Income and expenditure

Data for financial year ending 30 June 2016

Total income:
£574,592

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Donations and legacies £72
Charitable activities £210.38k
Other trading activities £0
Investments £317.50k
Other £46.65k

Total expenditure:
£15,062,596

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Raising funds £0
Charitable activities £15.05m
Other £0

£4,341 investments gains (losses)

Total income includes £64,152 from 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 £17.24k
Charitable expenditure £15.05m

Fundraising

This charity does not raise funds from the public

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:
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
Who the charity helps:
  • 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:
  • Worcestershire

Governance

Registration history:
  • 30 December 1977: Standard registration
  • 17 March 2014: Funds received from 201021-1 ROBERT GOULDING
  • 17 March 2014: Funds received from 201021 SHEWRINGE'S HOSPITAL
  • 15 June 2017: Funds transferred to 1166931 WORCESTER MUNICIPAL CHARITIES (CIO)
  • 15 June 2017: Removed (Funds transferred (incor))
Organisation type:
Other
Other names:
  • WORCESTER MUNICIPAL CHARITIES (Working name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/12/2012 31/12/2013 31/12/2014 31/12/2015 30/06/2016
Total gross income £904.97k £986.44k £1.72m £1.08m £574.59k
Total expenditure £739.82k £840.03k £917.70k £1.14m £15.06m
Income from government contracts N/A N/A N/A £7.64k £0
Income from government grants N/A N/A N/A £135.36k £64.15k
Income - Donations and legacies £0 £100.57k £786.71k £0 £72
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £193.14k £209.97k £272.51k £429.23k £210.38k
Income - Endowments £0 £0 £610.87k £0 £0
Income - Investment £711.83k £675.90k £663.97k £655.27k £317.50k
Income - Other £0 £0 £0 £0 £46.65k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £626.49k £725.65k £868.82k £1.00m £15.05m
Expenditure - Raising funds N/A N/A N/A N/A £17.24k
Expenditure - Governance £54.86k £44.26k £17.30k £43.60k £21.56k
Expenditure - Grants institution £248.45k £219.53k £309.27k £338.05k £236.15k
Expenditure - Investment management £58.48k £70.12k £31.58k £43.05k £17.24k
Expenditure - Other £0 £0 £0 £50.00k £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 31/12/2012 31/12/2013 31/12/2014 31/12/2015 30/06/2016
Own use assets £1.83m £1.85m £1.93m £4.07m £0
Long-term investments £11.60m £11.61m £12.37m £9.15m £0
Other assets £784.29k £1.04m £1.05m £1.41m £0
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £67.77k £119.04k £144.67k £140.79k £0

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 30 June 2016 31 May 2017 31 days late
Accounts and TAR 30 June 2016 31 May 2017 31 days late
Annual return 31 December 2015 12 September 2016 On Time
Accounts and TAR 31 December 2015 07 September 2016 On Time
Annual return 31 December 2014 22 April 2015 On Time
Accounts and TAR 31 December 2014 26 March 2015 On Time
Annual return 31 December 2013 09 June 2014 On Time
Accounts and TAR 31 December 2013 30 May 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 30/12/1977 AS AMENDED BY SCHEME DATED 18/05/1988 AS AMENDED BY ORDER DATED 29/08/2002 AS AMENDED BY RESOLUTION DATED 30/10/2002 AS AMENDED BY RESOLUTION DATED 24/02/2010 AS AMENDED BY RESOLUTION DATED 29/02/2012 AS AMENDED BY RESOLUTION DATED 28/05/2014

Charitable objects

1) PROVISION OF ALMSHOUSES FOR POOR PERSONS WHO HAVE RESIDED IN THE CITY OF WORCESTER FOR NOT LESS THAN 5 YEARS. 2) PROVISION OF PENSIONS FOR POOR PERSONS WHO HAVE RESIDED IN THE CITY OF WORCESTER FOR NOT LESS THAN 5 YEARS. 3) TO RELIEVE EITHER GENERALLY OR INDIVIDUALLY PERSONS RESIDENT IN THE CITY OF WORCESTER WHO ARE IN CONDITIONS OF NEED, HARDSHIP OR DISTRESS.

Area of benefit

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

CITY OF WORCESTER.