TOWER HAMLETS COMMUNITY HOUSING LIMITED

Charity number: 1078394
Removed charity

Charity overview

Activities - how the charity spends its money

Tower Hamlets Community Housing is a social landlord. THCH was formed in March 2000 with Government funding of 21million secured from Round 3 of the Estates Renewal Challenge Fund for the transfer of 1249 homes owned by the London Borough of Tower Hamlets. THCH has continued to grow through prudent local authority transfers and building new homes for social rent.

Income and expenditure

Data for financial year ending 31 March 2017

Total income:
£25,435,000

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Donations and legacies £0
Charitable activities £17.74m
Other trading activities £0
Investments £151.00k
Other £7.54m

Total expenditure:
£18,851,000

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Raising funds £0
Charitable activities £18.85m
Other £0

£100 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 £0
Charitable expenditure £18.85m
Retained for future use £6.58m

Fundraising

This charity does not raise funds from the public

Trading

This charity has one or more trading subsidiaries.

Trustee payments

One or more trustees receive payments and/or benefits from the charity for being a trustee

What, who, how, where

What the charity does:
  • Accommodation/housing
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Advocacy/advice/information
Where the charity operates:
  • Tower Hamlets

Governance

Registration history:
  • 30 November 1999: Standard registration
  • 19 January 2019: Removed (Exempt charity)
Organisation type:
Charitable company
Other names:

No other names

Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
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 £17.08m £25.99m £22.11m £24.87m £25.44m
Total expenditure £14.19m £16.86m £17.52m £20.71m £18.85m
Income from government contracts N/A N/A £0 £0 £0
Income from government grants N/A N/A £0 £0 £0
Income - Donations and legacies £0 £0 £0 £0 £0
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £17.08m £25.99m £22.11m £22.02m £17.74m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £0 £0 £0 £232.00k £151.00k
Income - Other £0 £0 £0 £2.62m £7.54m
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £14.19m £16.86m £17.52m £20.71m £18.85m
Expenditure - Raising funds N/A N/A N/A £0 £0
Expenditure - Governance £0 £0 £0 £58.00k £10.00k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £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 £85.60m £85.55m £87.63m £162.74m £165.84m
Long-term investments £0 £0 £0 £11.00k £11.00k
Other assets £9.72m £8.49m £9.36m £12.86m £14.89m
Defined benefit pension scheme asset or liability -£1.90m -£1.82m -£2.84m -£2.91m -£1.64m
Total liabilities £78.08m £70.31m £69.44m £72.12m £72.32m

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 05 December 2017 On Time
Accounts and TAR 31 March 2017 05 December 2017 On Time
Annual return 31 March 2016 26 January 2017 On Time
Accounts and TAR 31 March 2016 26 January 2017 On Time
Annual return 31 March 2015 02 October 2015 On Time
Accounts and TAR 31 March 2015 02 October 2015 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 03/07/1998 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 08/06/1999 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 28/10/1999 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 21/01/2010 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 15/05/2014 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 21/07/2015 as amended on 03 Apr 2018

Charitable objects

(1) PROVIDING HOUSES OR HOSTELS AND ANY ASSOCIATED AMENITIES FOR PERSONS IN NECESSITOUS CIRCUMSTANCES UPON TERMS APPROPRIATE TO THEIR MEANS; (11) 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 AND REQUIREMENTS OF SUCH PERSONS; (111) PROVIDING SERVICES, ADVICE OR ASSISTANCE UPON TERMS APPROPRIATE TO THEIR MEANS TO AGED, DISABLED, HANDICAPPED (WHETHER MENTALITY OR PHYSICALLY) OR CHRONICALLY 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. (1V) 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 ASSOCIATION OWNS OR MANAGES HOUSING STOCK AND NEIGHBOURING AREAS. (V) 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. (V1) 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. "HOUSES" AND "HOSTELS" SHALL HAVE THE MEANINGS GIVEN BY SECTION 106 OF THE HOUSING ASSOCIATIONS ACT 1985 AND SHALL INCLUDE BLOCKS OF FLATS WITHIN THE MEANING OF SECTION 42 OF THE HOUSING ACT 1996.

Area of benefit

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

NOT DEFINED