BOSTON MAYFLOWER LIMITED

Charity number: 1078179
Removed charity

Charity overview

Activities - how the charity spends its money

AFFORDABLE HOUSING, PROMOTING THRIVING COMMUNITIES

Income and expenditure

Data for financial year ending 31 March 2017

Total income:
£21,202,000

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Donations and legacies £0
Charitable activities £21.20m
Other trading activities £0
Investments £0
Other £0

Total expenditure:
£15,989,000

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Raising funds £0
Charitable activities £15.99m
Other £0

£0 investments gains (losses)

Total income includes £258,519 from government contract(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.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £0
Charitable expenditure £15.99m
Retained for future use £5.21m

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:
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Lincolnshire

Governance

Registration history:
  • 11 November 1999: Standard registration
  • 13 December 2017: Removed (Transferred to exempt chy)
Organisation type:
Charitable company
Other names:

No other names

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 £19.82m £20.49m £20.57m £21.00m £21.20m
Total expenditure £16.29m £16.79m £14.76m £16.15m £15.99m
Income from government contracts N/A N/A £162.00k £0 £258.52k
Income from government grants N/A N/A £0 £297.83k £0
Income - Donations and legacies £0 £0 £0 £0 £0
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £19.82m £20.49m £20.57m £21.00m £21.20m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £0 £0 £0 £0 £0
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £16.27m £16.76m £14.76m £16.15m £15.99m
Expenditure - Raising funds N/A N/A N/A £0 £0
Expenditure - Governance £26.00k £31.27k £31.13k £36.00k £37.00k
Expenditure - Grants institution £7.98k £10.00k £9.59k £7.00k £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 £77.60m £136.42m £135.78m £139.67m £138.49m
Long-term investments £0 £0 £13.00k £13.00k £13.00k
Other assets £9.25m £12.07m £12.50m £10.77m £13.32m
Defined benefit pension scheme asset or liability -£2.43m -£3.16m -£4.52m -£3.16m -£2.95m
Total liabilities £82.78m £83.11m £92.03m £92.42m £92.37m

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 2017 03 November 2017 On Time
Accounts and TAR 31 March 2017 03 November 2017 On Time
Annual return 31 March 2016 16 January 2017 On Time
Accounts and TAR 31 March 2016 16 January 2017 On Time
Annual return 31 March 2015 05 November 2015 On Time
Accounts and TAR 31 March 2015 09 December 2015 On Time
Annual return 31 March 2014 03 December 2014 On Time
Accounts and TAR 31 March 2014 11 December 2014 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 14/05/1999 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 03/11/1999 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 27/07/2004 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 15/05/2008 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 29/06/2010 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 26/03/2013 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 28/04/2014

Charitable objects

TO CARRY ON FOR THE PUBLIC BENEFIT URBAN AND RURAL REGENERATION IN AREAS OF SOCIAL AND ECONOMIC DEPRIVATION (AND IN PARTICULAR IN THE BOROUGH OF BOSTON) A) THE PROVISION OF HOUSING FOR THOSE WHO ARE IN CONDITIONS OF NEED AND THE IMPROVEMENT OF HOUSING IN THE PUBLIC SECTOR OR IN 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 B) THE RELIEF OF POVERTY C) THE RELIEF OF UNEMPLOYMENT D) THE CREATION OF TRAINING AND EMPLOYMENT BY THE PROVISION OF WORKSPACE, BUILDINGS, AND/OR LAND FOR USE ON FAVOURABLE TERMS F) THE MAINTENANCE, IMPROVEMENT OR PROVISION OF PUBLIC AMENITIES G) THE PROVISION OF RECREATIONAL FACILITIES FOR THE PUBLIC AT LARGE OR THOSE WHO BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES, HAVE NEED OF SUCH FACILITIES H) THE PROVISION OF PUBLIC HEALTH FACILITIES AND CHILDCARE I) THE PROMOTION OF PUBLIC SAFETY AND PREVENTION OF CRIME J) SUCH OTHER MEANS AS MAY FROM TIME TO TIME BE DETERMINED SUBJECT TO THE PRIOR WRITTEN CONSENT OF THE CHARITY COMMISSION FOR ENGLAND AND WALES

Area of benefit

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

BOROUGH OF BOSTON LINCOLNSHIRE