OFF CENTRE LIMITED

Charity number: 288275
Removed charity

Charity overview

Activities - how the charity spends its money

Off Centre works in east London providing practical, emotional and wellbeing support to young people aged 11-25 years. We provide a safe environment where support is tailored to the needs of each individual. We aim to help young people realise a brighter future by helping them to equip themselves with the coping skills and knowledge needed to sustain their own emotional resilience.

Income and expenditure

Data for financial year ending 31 March 2017

Total income:
£1,968,257

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Donations and legacies £28.33k
Charitable activities £501.33k
Other trading activities £3.44k
Investments £8.16k
Other £1.43m

Total expenditure:
£815,309

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Raising funds £0
Charitable activities £775.08k
Other £0

£0 investments gains (losses)

Total income includes £107,320 from government contract(s) and £29,759 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 £40.23k
Charitable expenditure £775.08k
Retained for future use £1.15m

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

What the charity does:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • The Prevention Or Relief Of Poverty
Who the charity helps:
  • Children/young People
How the charity helps:
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Hackney

Governance

Registration history:
  • 09 December 1983: Standard registration
  • 06 December 2019: Removed (Ceased to exist)
Organisation type:
Charitable company
Other names:
  • OFF CENTRE-HACKNEY YOUNG PEOPLES COUNSELLING ADVICE AND INFORMATION SERVICE (Working name)
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • 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 31/03/2013 31/03/2014 31/03/2015 31/03/2016 31/03/2017
Total gross income £486.48k £506.61k £634.25k £583.17k £1.97m
Total expenditure £506.76k £583.89k £542.39k £643.18k £815.31k
Income from government contracts N/A N/A £0 £0 £107.32k
Income from government grants N/A N/A £190.24k £120.85k £29.76k
Income - Donations and legacies N/A £2.04k £21.54k £15.07k £28.33k
Income - Other trading activities N/A £0 £650 £0 £3.44k
Income - Charitable activities N/A £504.48k £611.99k £567.95k £501.33k
Income - Endowments N/A £0 £0 £0 £0
Income - Investment N/A £93 £68 £140 £8.16k
Income - Other N/A £0 £0 £0 £1.43m
Income - Legacies N/A £0 £0 £0 £0
Expenditure - Charitable activities N/A £576.05k £511.62k £617.12k £775.08k
Expenditure - Raising funds N/A N/A N/A £26.07k £40.23k
Expenditure - Governance N/A £7.84k £5.40k £5.10k £4.23k
Expenditure - Grants institution N/A £0 £0 £0 £0
Expenditure - Investment management N/A £0 £0 £0 £0
Expenditure - Other N/A £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 31/03/2013 31/03/2014 31/03/2015 31/03/2016 31/03/2017
Own use assets N/A £170.09k £162.51k £155.63k £227.45k
Long-term investments N/A £0 £0 £0 £0
Other assets N/A £146.41k £302.63k £251.17k £1.40m
Defined benefit pension scheme asset or liability N/A £0 £0 £0 £0
Total liabilities N/A £32.69k £89.47k £91.15k £134.20k

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 2019 Not submitted
Accounts and TAR 31 March 2019 Not submitted
Annual return 31 March 2018 Not submitted
Accounts and TAR 31 March 2018 Not submitted
Annual return 31 March 2017 02 January 2018 On Time
Accounts and TAR 31 March 2017 16 October 2017 On Time
Annual return 31 March 2016 31 January 2017 On Time
Accounts and TAR 31 March 2016 14 November 2016 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.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 24TH OCTOBER 1983

Charitable objects

TO PRESERVE AND PROTECT THE HEALTH BOTH MENTAL AND PHYSICAL, OF ALL PERSONS RESIDING OR WORKING IN THE LONDON BOROUGH OF HACKNEY AND TO ADVANCE THE EDUCATION OF AND RELIEVE YOUNG PERSONS IN THE BOROUGH WHO ARE IN CONDITIONS OF NEED, HARDSHIP AND DISTRESS.

Area of benefit

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

LONDON BOROUGH OF HACKNEY