THE COALFIELDS REGENERATION TRUST

Charity number: 1074930
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Grant Making Organisation

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£5,231,000

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Donations and legacies £3.37m
Charitable activities £1.07m
Other trading activities £0
Investments £701.00k
Other £90.00k

Total expenditure:
£4,913,000

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Raising funds £0
Charitable activities £4.20m
Other £713.00k

-£480,000 investments gains (losses)

Total income includes £1,207,000 from 10 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 £713.00k
Charitable expenditure £4.20m
Retained for future use £318.00k

People

53 Employee(s)

13 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 2
£70k to £80k 1
£100k to £110k 1

Fundraising

No information available

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:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • The Prevention Or Relief Of Poverty
  • Amateur Sport
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
How the charity helps:
  • Makes Grants To Organisations
Where the charity operates:
  • Scotland

Governance

Registration history:
  • 30 March 1999: Standard registration
  • 14 November 2018: Funds received from 1095545 GET SORTED ACADEMY OF MUSIC
Organisation type:
Charitable company
Other names:

No other names

Company number:
03738566 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

13 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Bethan Winter Trustee 04 November 2024
None on record
Professor Robin Alan Simmons Trustee 10 May 2023
None on record
Dr Jonathan Francis Miles Trustee 10 May 2023
None on record
Dr Joan Elizabeth Dixon Trustee 10 May 2023
None on record
Linda McAvan Trustee 02 November 2022
None on record
LINDA ROSE RUTTER Trustee 21 July 2020
FISCUS NORTH LIMITED
Received: On time
Keith Cunliffe Trustee 21 July 2020
FIX IT (UK) LIMITED
Received: On time
Trudie McGuinness Trustee 14 December 2016
None on record
Nicky Stubbs Trustee 14 December 2016
None on record
Robert Young Trustee 21 January 2015
None on record
MICHAEL CLAPHAM Trustee 31 January 2013
None on record
WAYNE THOMAS Trustee
SOUTH WALES MINERS WELFARE TRUST FUND SCHEME
Received: On time
YSTRADGYNLAIS COMMUNITY WELFARE GROUND ASSOCIATION
Received: On time
NICOLAS WILSON Trustee
THE COMMUNITY LEGACY TRUST
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £5.08m £6.57m £6.00m £5.14m £5.23m
Total expenditure £4.70m £5.94m £5.97m £4.18m £4.91m
Income from government contracts N/A N/A £336.00k £170.00k N/A
Income from government grants £1.34m £2.56m £1.21m £1.63m £1.21m
Income - Donations and legacies £1.30m £2.55m £1.30m £4.00m £3.37m
Income - Other trading activities £103.00k £95.90k £112.00k £0 £0
Income - Charitable activities £353.00k £574.99k £776.00k £653.00k £1.07m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £3.27m £3.28m £3.78m £487.00k £701.00k
Income - Other £47.00k £61.07k £33.00k £0 £90.00k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £3.59m £4.93m £4.23m £4.18m £4.20m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £156.00k £135.55k £107.00k £127.00k £120.00k
Expenditure - Grants institution £1.14m £2.49m £1.44m £1.10m £874.00k
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £1.11m £1.01m £1.73m £0 £713.00k

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 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £1.66m £1.70m £5.16m £861.00k £365.00k
Long-term investments £42.27m £47.15m £58.81m £15.99m £16.21m
Other assets £7.77m £8.12m £8.57m £22.68m £23.23m
Defined benefit pension scheme asset or liability £761.00k £805.00k £2.95m £0 £0
Total liabilities £14.80m £15.87m £24.51m £895.00k £845.00k

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 2024 16 December 2024 On Time
Accounts and TAR 31 March 2024 16 December 2024 On Time Download Open in new window
Annual return 31 March 2023 02 January 2024 On Time
Accounts and TAR 31 March 2023 02 January 2024 On Time Download Open in new window
Annual return 31 March 2022 03 January 2023 On Time
Accounts and TAR 31 March 2022 03 January 2023 On Time Download Open in new window
Annual return 31 March 2021 16 December 2021 On Time
Accounts and TAR 31 March 2021 16 December 2021 On Time Download Open in new window
Annual return 31 March 2020 23 December 2020 On Time
Accounts and TAR 31 March 2020 23 December 2020 On Time Download Open in new window
Submit annual return Open in new window

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.

INCORPORATED 19/03/1999 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 13/10/1999 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 30/03/2000 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 13/03/2002 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 30/04/2003 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 05/10/2007 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 31/03/2011 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 07/03/2012 as amended on 08 Nov 2023

Charitable objects

1. THE PROMOTION FOR THE PUBLIC BENEFIT OF URBAN OR RURAL REGENERATION IN AREAS OF SOCIAL AND ECONOMIC DEPRIVATION IN THE COALFIELDS AREAS IN ENGLAND, WALES AND SCOTLAND (IN THIS MEMORANDUM AND IN THESE ARTICLES "COALFIELDS AREAS" SHALL MEAN ANY AREAS IN ENGLAND, WALES AND SCOTLAND WHERE COAL MINING IS OR HAS IN THE PAST BEEN CARRIED OUT) BY ALL OR ANY OF THE FOLLOWING MEANS THE RELIEF OF POVERTY IN SUCH WAYS AS MAY BE THOUGHT FIT THE RELIEF OF UNEMPLOYMENT IN SUCH WAYS AS MAY BE THOUGHT FIT, INCLUDING ASSISTANCE TO FIND EMPLOYMENT THE ADVANCEMENT OF EDUCATION, TRAINING, OR RETRAINING, PARTICULARLY AMONG THE UNEMPLOYED AND PROVIDING THE UNEMPLOYED WITH WORK EXPERIENCE THE PROVISION OF FINANCIAL ASSISTANCE, TECHNICAL ASSISTANCE, BUSINESS ADVICE OR CONSULTANCY IN ORDER TO PROVIDE TRAINING AND EMPLOYMENT OPPORTUNITIES FOR THE UNEMPLOYED IN CASES OF FINANCIAL OR OTHER CHARITABLE NEED THROUGH HELP : IN SETTING UP THEIR OWN BUSINESS, OR TO EXISTING BUSINESSES THE CREATION OF TRAINING AND EMPLOYMENT OPPORTUNITIES BY THE PROVISION OF WORKSPACE, BUILDINGS AND/OR LANDS FOR USE ON FAVOURABLE TERMS THE PROVISION OF HOUSING FOR THOSE WHO ARE IN CONDITION OF NEED AND THE IMPROVEMENT OF HOUSING IN THE PUBLIC SECTOR OR CHARITABLE OWNERSHIP PROVIDED THAT SUCH POWER SHALL NOT EXTEND TO RELIEVING ANY LOCAL AUTHORITIES OR OTHER BODIES OF A STATUTORY DUTY TO PROVIDE OR IMPROVE HOUSING THE MAINTENANCE, IMPROVEMENT OR PROVISION OF PUBLIC AMENITIES THE PROVISION OR ASSISTANCE IN THE PROVISION OF RECREATIONAL FACILITIES FOR THE PUBLIC AT LARGE AND/OR THOSE WHO BY REASONS OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES, HAVE NEED OF SUCH FACILITIES THE PROTECTION OR CONSERVATION OF THE ENVIRONMENT THE PROVISION OF PUBLIC HEALTH FACILITIES AND CHILDCARE THE PROMOTION OF PUBLIC SAFETY AND PREVENTION OF CRIME SUCH OTHER MEANS AS MAY FROM TIME TO TIME BE DETERMINED SUBJECT TO THE PRIOR WRITTEN CONSENT OF THE CHARITY COMMISSION FOR ENGLAND WALES 2. THE RELIEF OF THE AGED AND THE SICK FOR THE PUBLIC BENEFIT

Area of benefit

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

THE COALFIELDS AREAS IN ENGLAND WALES AND SCOTLAND

Contact information

Address:
THE COALFIELDS REGENERATION TRUST
1 WATERSIDE PARK
VALLEY WAY
WOMBWELL
BARNSLEY
S73 0BB
Phone:
01226272810
Email:
info@coalfields-regen.org.uk
Website:

www.coalfields-regen.org.uk Open in new window