HARWICH ELECTRIC PALACE TRUST

Charity number: 273567
Removed charity

Charity overview

Activities - how the charity spends its money

Maintenance, Improvement and Management of the Electric Palace Cinema for Cinema, Theatrical and other shows and general uses for the general public

Income and expenditure

Data for financial year ending 31 December 2020

Total income:
£604,199

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Donations and legacies £14.55k
Charitable activities £450
Other trading activities £286
Investments £0
Other £588.91k

Total expenditure:
£470,196

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Raising funds £9.60k
Charitable activities £436.60k
Other £24.00k

£0 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 £33.60k
Charitable expenditure £436.60k
Retained for future use £134.00k

Fundraising

This charity raises funds from the public but does not work with professional fundraisers or commercial participators.

Trading

One or more trustees are also directors of the 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
  • Arts/culture/heritage/science
  • Amateur Sport
  • Environment/conservation/heritage
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
Where the charity operates:
  • Essex
  • Suffolk

Governance

Registration history:
  • 01 June 1977: Standard registration
  • 06 December 2022: Removed (Funds transferred (incor))
  • 06 December 2022: Funds transferred to 1174807 HARWICH ELECTRIC PALACE TRUST
Organisation type:
Other
Other names:
  • ELECTRIC PALACE (Working name)
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Financial history

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Financial period end date

Income / Expenditure 31/12/2016 31/12/2017 31/12/2018 31/12/2019 31/12/2020
Total gross income £60.31k £34.83k £125.10k £629.55k £604.20k
Total expenditure £36.90k £57.24k £154.26k £675.58k £470.20k
Income from government contracts £0 £0 N/A N/A N/A
Income from government grants £0 £0 N/A N/A N/A
Income - Donations and legacies N/A N/A N/A £15.66k £14.55k
Income - Other trading activities N/A N/A N/A £4.42k £286
Income - Charitable activities N/A N/A N/A £0 £450
Income - Endowments N/A N/A N/A £0 £0
Income - Investment N/A N/A N/A £0 £0
Income - Other N/A N/A N/A £609.47k £588.91k
Income - Legacies N/A N/A N/A £0 £0
Expenditure - Charitable activities N/A N/A N/A £18.73k £436.60k
Expenditure - Raising funds N/A N/A N/A £0 £9.60k
Expenditure - Governance N/A N/A N/A £0 £7.20k
Expenditure - Grants institution N/A N/A N/A £0 £5.31k
Expenditure - Investment management N/A N/A N/A £0 £0
Expenditure - Other N/A N/A N/A £656.85k £24.00k

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 31/12/2016 31/12/2017 31/12/2018 31/12/2019 31/12/2020
Own use assets N/A N/A N/A £67.74k £0
Long-term investments N/A N/A N/A £100 £0
Other assets N/A N/A N/A £15.76k £149.76k
Defined benefit pension scheme asset or liability N/A N/A N/A £0 £0
Total liabilities N/A N/A N/A £402 £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 31 December 2021 Not submitted
Accounts and TAR 31 December 2021 Not submitted
Annual return 31 December 2020 18 February 2022 110 days late
Accounts and TAR 31 December 2020 18 February 2022 110 days late
Annual return 31 December 2019 15 December 2020 45 days late
Accounts and TAR 31 December 2019 15 December 2020 45 days late
Annual return 31 December 2018 12 November 2019 12 days late
Accounts and TAR 31 December 2018 12 November 2019 12 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.

CONSTITUTION ADOPTED 2ND APRIL 1977 AMENDED BY SPECIAL RESOLUTION DATED 20 JUNE 2005

Charitable objects

A) TO SECURE THE PRESERVATION AND PROTECTION OF THE ELECTRIC PALACE AT HARWICH PROVIDED ALWAYS THAT ALTERATIONS TO THE SAID PREMISES NECESSARY FOR THE ATTAINMENT OF THE NEXT FOLLOWING OBJECT SHALL NOT BE DEEMED TO BE PROHIBITED BY THIS OBJECT. B) TO EDUCATE THE PUBLIC IN THE ARTS AND SCIENCES AND IN PARTICULAR THE ARTS AND SCIENCES OF FILM, THEATRE AND MUSIC BY PRESENTATION OF PERFORMANCES AT THE RESTORED ELECTRIC PALACE.

Area of benefit

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

HARWICH AND ITS ENVIRONS