POPLAR HOUSING AND REGENERATION COMMUNITY ASSOCIATION LIMITED

Charity Number: 1064397
Removed charity

Charity overview

Activities - how the charity spends its money

Poplar Housing and Regeneration Community Association (HARCA) is a Registered Provider landlord that owns and manages approximately 9,000 homes in Poplar and Bow, East London. It provides housing services to its residents and its focus is physical and community regeneration through building new homes, environmental works and a significant investment in community development.

Income and expenditure

Data for financial year ending 31 March 2017

Total income:
£74,766,894

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Donations and legacies £0
Charitable activities £51.83m
Other trading activities £3.58m
Investments £7.04m
Other £12.32m

Total expenditure:
£45,759,000

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Raising funds £0
Charitable activities £42.51m
Other £3.24m

£0 investments gains (losses)

Total income includes £412,646 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 £3.25m
Charitable expenditure £42.51m
Retained for future use £29.01m

Fundraising

This charity does not raise funds from the public

Trading

This charity has one or more 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
  • Accommodation/housing
  • Arts/culture/heritage/science
  • Amateur Sport
  • Environment/conservation/heritage
  • Economic/community Development/employment
  • Human Rights/religious Or Racial Harmony/equality Or Diversity
  • Recreation
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
  • Other Charitable Activities
Where the charity operates:
  • Tower Hamlets

Governance

Registration history:
  • 15 September 1997: Standard registration
  • 14 March 2017: Funds received from 1154602 SETTING THE MILESTONE LIMITED
  • 23 April 2018: Removed (Exempt charity)
Organisation type:
Charitable company
Other names:
  • POPLAR HARCA (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
  • Volunteer management
Land and property:
No information available

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 £51.23m £56.49m £58.84m £61.80m £74.75m
Total expenditure £49.89m £55.78m £50.03m £55.94m £60.24m
Income from government contracts N/A N/A £145.00k £0 £0
Income from government grants N/A N/A £1.75m £368.75k £412.65k
Income - Donations and legacies £729.00k £907.00k £1.11m £0 £0
Income - Other trading activities £711.00k £348.00k £415.00k £4.62m £3.58m
Income - Charitable activities £43.93m £45.35m £45.15m £47.37m £51.83m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £1.16m £1.07m £1.17m £496.00k £7.04m
Income - Other £4.70m £8.81m £10.99m £9.32m £12.32m
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £47.31m £55.63m £49.88m £52.15m £42.51m
Expenditure - Raising funds N/A N/A N/A £20.58k £12.35k
Expenditure - Governance £90.00k £50.00k £63.00k £86.00k £67.00k
Expenditure - Grants institution £0 £714.00k £806.00k £555.00k £134.00k
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £2.05m £0 £0 £3.76m £3.24m

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 £220.97m £234.56m £238.41m £3.33m £3.41m
Long-term investments £10.01m £10.06m £10.06m £460.27m £485.16m
Other assets £38.10m £42.62m £48.79m £42.65m £51.44m
Defined benefit pension scheme asset or liability -£4.18m -£4.11m -£6.75m -£6.14m -£6.95m
Total liabilities £241.07m £258.57m £259.75m £450.15m £468.99m

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 2018 Not submitted
Accounts and TAR 31 March 2018 Not submitted
Annual return 31 March 2017 31 January 2018 On Time
Accounts and TAR 31 March 2017 31 January 2018 On Time
Annual return 31 March 2016 31 January 2017 On Time
Accounts and TAR 31 March 2016 31 January 2017 On Time
Annual return 31 March 2015 28 January 2016 On Time
Accounts and TAR 31 March 2015 28 January 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 INCORPORATED 13/09/1997 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 13/08/1997 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 01/12/1997 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 04/09/2006 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 18/09/2007 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 16/09/2008 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 20/03/2012 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 17/06/2014 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 16 JUN 2015 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 24 NOV 2015

Charitable objects

(1) TO CARRY ON FOR THE BENEFIT OF THE COMMUNITY THE BUSINESS OF: (A) PROVIDING HOUSES OR HOSTELS AND ASSOCIATED AMENITIES FOR PERSONS IN NECESSITOUS CIRCUMSTANCES UPON TERMS APPROPRIATE TO THEIR MEANS; (B) PROVIDING FOR AGED, DISABLED, HANDICAPPED (WHETHER MENTALLY OR PHYSICALLY) OR CHRONICALLY SICK PERSONS IN NEED THEREOF HOUSES OR HOSTELS AND ANY ASSOCIATED AMENITIES SPECIALLY DESIGNED OR ADAPTED TO MEET THE DISABILITIES OF SUCH PERSONS; (C) PROVIDING SERVICES, ADVICE OR ASSISTANCE UPON TERMS APPROPRIATE TO THEIR MEANS TO AGED, DISABLED, HANDICAPPED (WHETHER MENTALLY OR PHYSICALLY) OR CHRONICLY SICK PERSONS IN NEED THEREOF IN ARRANGING OR CARRYING OUT WORKS OF IMPROVEMENT, REPAIR OR MAINTENANCE TO HOUSES OCCUPIED BY THEM, AND PROVIDING ANY ASSOCIATED AMENITIES SPECIALLY DESIGNED OR ADAPTED TO MEET THE DISABILITIES AND REQUIREMENTS OF SUCH PERSONS. (2) THE PROVISION OF RECREATION OR OTHER LEISURE FACILITIES IN THE INTEREST OF SOCIAL WELFARE WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE RESIDENTS OF THE LOCAL AUTHORITY AREAS IN WHICH THE POPLAR HOUSING AND REGENERATION COMMUNITY ASSOCIATION LIMITED ("THE ASSOCIATION") OWNS OR MANAGES HOUSING STOCK AND NEIGHBOURING LOCAL AUTHORITY AREAS. (3) THE RELIEF OF POVERTY AND THE ADVANCEMENT OF EDUCATION AMONGST THE RESIDENTS OF THE LOCAL AUTHORITY AREAS IN WHICH THE ASSOCIATION OWNS OR MANAGES HOUSING STOCK AND NEIGHBOURING LOCAL AUTHORITY AREAS. (4) THE PROMOTION AND CO-ORDINATION OF THE PHYSICAL, SOCIAL AND ECONOMIC REGENERATION OF THE LOCAL AUTHORITY AREAS IN WHICH THE ASSOCIATION OWNS OR MANAGES HOUSING STOCK AND NEIGHBOURING LOCAL AUTHORITY AREAS FOR THE GENERAL BENEFIT OF THE RESIDENTS OF SUCH AREAS. (5) SUPPORTING ANY CHARITABLE ORGANISATION CARRYING ON ACTIVITIES WITHIN THE LOCAL AUTHORITY AREAS IN WHICH THE ASSOCIATION OWNS OR MANAGES HOUSING STOCK AND NEIGHBOURING LOCAL AUTHORITY AREAS.

Area of benefit

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

LONDON BOROUGH OF TOWER HAMLETS AND NEIGHBOURING BOROUGHS