BOSTON SPORTS INITIATIVE

Charity number: 1080826
Removed charity

Charity overview

Activities - how the charity spends its money

The objects of the charity are to provide facilities and opportunities for physical recreation or other similar leisure time occupation for the benefit of people .

Income and expenditure

Data for financial year ending 31 August 2015

Total income:
£894,375

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Donations and legacies £175.00k
Charitable activities £719.38k
Other trading activities £0
Investments £0
Other £0

Total expenditure:
£7,093,419

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Raising funds £0
Charitable activities £0
Other £0

£6,199,044 investments gains (losses)

Total income includes £175,000 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 £7.09m
Charitable expenditure £0

Fundraising

This charity raises funds from the public. It works with commercial participators with an agreement in place.

Trading

This charity does not have any 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
  • Disability
  • Amateur Sport
Who the charity helps:
  • People With Disabilities
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
Where the charity operates:
  • Lincolnshire

Governance

Registration history:
  • 22 May 2000: Standard registration
  • 19 October 2018: Removed (Ceased to exist)
Organisation type:
Charitable company
Other names:
  • PRINCESS ROYAL SPORTS ARENA (Working name)
  • DABSI STADIUM (Previous 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 31/03/2011 31/03/2012 31/03/2013 31/03/2014 31/08/2015
Total gross income £602.10k £2.63m £616.17k £721.78k £894.38k
Total expenditure £792.20k £770.82k £825.39k £843.99k £7.09m
Income from government contracts N/A N/A N/A N/A £0
Income from government grants N/A N/A N/A N/A £175.00k
Income - Donations and legacies £157.45k £162.55k £141.00k £188.00k £175.00k
Income - Other trading activities £444.65k £0 £0 £0 £0
Income - Charitable activities £0 £403.51k £475.17k £533.78k £719.38k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £0 £0 £0 £0 £0
Income - Other £0 £2.06m £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £777.25k £748.36k £817.19k £0 £0
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance £14.95k £22.46k £8.20k £8.81k £0
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 31/03/2011 31/03/2012 31/03/2013 31/03/2014 31/08/2015
Own use assets £6.72m £6.51m £6.31m £6.11m £0
Long-term investments £0 £0 £0 £0 £0
Other assets £162.93k £69.46k £101.71k £207.76k £118.96k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £2.20m £44.66k £82.87k £110.57k £56.02k

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 Not submitted
Accounts and TAR 31 March 2017 Not submitted
Annual return 31 March 2016 Not submitted
Accounts and TAR 31 March 2016 Not submitted
Annual return 31 August 2015 31 January 2017 215 days late
Accounts and TAR 31 August 2015 22 September 2016 84 days late

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 08/12/1999 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 17/07/2007 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 18/10/2007 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 09/05/2011

Charitable objects

1) TO PROVIDE FACILITIES AND OPPORTUNITIES FOR PHYSICAL RECREATION OR OTHER SIMILAR LEISURE TIME OCCUPATION FOR THE BENEFIT OF PEOPLE WHO HAVE A PHYSICAL, SENSORY, MENTAL OR MULTIPLE DISABILITY AND IN PARTICULAR TO PROVIDE FACILITIES AND OPPORTUNITIES FOR BOTH NON-COMPETITIVE AND COMPETITIVE SPORT TO ASSIST THE INTEGRATION OF SUCH PEOPLE INTO SOCIETY AND TO IMPROVE THEIR CONDITIONS OF LIFE; 2) GENERALLY TO RELIEVE SUFFERING AND PROMOTE THE HEALTH OF PEOPLE WHO HAVE PHYSICAL, SENSORY, MENTAL OR MULTIPLE DISABILITY; 3) TO MAKE SUCH FACILITIES AND OPPORTUNITIES AVAILABLE FOR THE BENEFIT OF THE GENERAL PUBLIC IN THE INTERESTS OF SOCIAL WELFARE; 4) TO PROMOTE AMONGST ALL PEOPLE A PRACTICAL UNDERSTANDING OF THE PRINCIPALS OF HEALTH AND FITNESS; 5) TO PROMOTE ANY OTHER PURPOSES FOR THE BENEFIT OF THE COMMUNITY AS SHALL BE EXCLUSIVELY CHARITABLE ("THE OBJECTS").

Area of benefit

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

NOT DEFINED.