NATIONAL GLASS CENTRE

Charity number: 1065111
Removed charity

Charity overview

Activities - how the charity spends its money

The charity is housed in a state of the art building on the banks of the River Wear in Sunderland. The charity meets its objectives by providing exhibitions, demonstrations and education based on glass. The building also houses a restaurant, shop and a number of glass artists.

Income and expenditure

Data for financial year ending 31 July 2009

Total income:
£2,300,762

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Donations and legacies £1.09m
Charitable activities £109.46k
Other trading activities £1.10m
Investments £3.57k
Other £0

Total expenditure:
£2,629,531

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Raising funds £0
Charitable activities £1.32m
Other £0

£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.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £1.31m
Charitable expenditure £1.32m

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • Arts/culture/heritage/science
Who the charity helps:
  • Children/young People
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 30 October 1997: Standard registration
  • 29 June 2010: Removed (Funds transferred (gi))
Organisation type:
Other names:
  • NGC (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 31/03/2005 31/03/2006 31/03/2007 31/03/2008 31/07/2009
Total gross income £645.70k £1.33m £1.56m £1.49m £2.30m
Total expenditure £729.16k £870.08k £1.75m £1.81m £2.63m
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 £738.54k £545.26k £1.09m
Income - Other trading activities N/A N/A £682.63k £810.14k £1.10m
Income - Charitable activities N/A N/A £139.04k £133.71k £109.46k
Income - Endowments N/A N/A £0 £0 £0
Income - Investment N/A N/A £1.07k £1.13k £3.57k
Income - Other N/A N/A £0 £0 £0
Income - Legacies N/A N/A £0 £0 £0
Expenditure - Charitable activities N/A N/A £1.03m £1.02m £1.32m
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance N/A N/A £13.19k £19.70k £29.51k
Expenditure - Grants institution N/A N/A £0 £0 £0
Expenditure - Investment management N/A N/A £0 £0 £0
Expenditure - Other N/A N/A £12.39k £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 31/03/2005 31/03/2006 31/03/2007 31/03/2008 31/07/2009
Own use assets N/A N/A £942.19k £817.35k £147.50k
Long-term investments N/A N/A £0 £0 £0
Other assets N/A N/A £283.07k £147.65k £319.22k
Defined benefit pension scheme asset or liability N/A N/A £0 £0 £0
Total liabilities N/A N/A £316.99k £378.27k £208.76k

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 July 2009 14 January 2010 On Time
Accounts and TAR 31 July 2009 12 January 2010 On Time
Annual return 31 March 2008 19 January 2009 On Time
Accounts and TAR 31 March 2008 21 January 2009 On Time
Annual return 31 March 2007 31 January 2008 On Time
Accounts and TAR 31 March 2007 28 December 2007 On Time
Annual return 31 March 2006 31 January 2007 On Time
Accounts and TAR 31 March 2006 06 November 2006 On Time
Annual return 31 March 2005 23 January 2006 On Time
Accounts and TAR 31 March 2005 31 October 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.

MEM & ARTS INCORPORATED 12/03/ 96, AMENDED BY SPECIAL RESOLUTIONS 2/10/96, 14/07/97, 19/11/03 AND 13 NOVEMBER 2008, AND CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 29 JULY 1997 AS AMENDED BY SPECIAL RESOLUTION DATED 16/12/09.

Charitable objects

TO ADVANCE EDUCATION AND FOR THE BENEFIT OF THE PUBLIC TO PRESERVE AND IMPROVE CRAFTSMANSHIP IN GLASS MAKING

Area of benefit

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

NOT DEFINED