LYNG COMMUNITY ASSOCIATION

Charity Number: 1089147
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Provision of rented affordable housing on the Lyng estate in West Bromwich following the demolition of existing housing .

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£1,347,155

Text alternative for this canvas graphic is in the data table below.
Donations and legacies £0
Charitable activities £1.25m
Other trading activities £0
Investments £98.38k
Other £0

Total expenditure:
£918,537

Text alternative for this canvas graphic is in the data table below.
Raising funds £0
Charitable activities £918.54k
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 £0
Charitable expenditure £918.54k
Retained for future use £428.62k

People

5 Employee(s)

8 Trustee(s)

7 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

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:
  • General Charitable Purposes
  • 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 Defined Groups
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
Where the charity operates:
  • Sandwell

Governance

Registration history:
  • 31 October 2001: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
03977954 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
  • Homes England
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
  • Investment
  • Paying staff
  • Risk management
  • 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

8 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
MRS WENDY BODENHAM Chair
None on record
Josh Fenton Trustee 30 September 2024
None on record
Abdul Sikdar Trustee 30 September 2024
None on record
Naresh Bhatoe Trustee 11 October 2022
None on record
Dr SELINA TOUR Trustee 11 October 2022
None on record
NORMAN HICKSON Trustee 17 July 2013
NEW TESTAMENT CHURCH OF GOD WELFARE ASSOCIATION
Received: On time
JOHN EDWARDS Trustee
None on record
HANNAH PATRICK Trustee
None on record

Financial history

" role="img"> Text alternative for this canvas graphic is in the data table below.

Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £214.93k £1.12m £1.13m £1.22m £1.35m
Total expenditure £677.42k £761.27k £800.24k £839.02k £918.54k
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 £0 £0 £0 £0
Income - Other trading activities N/A £0 £0 £0 £0
Income - Charitable activities N/A £1.10m £1.13m £1.17m £1.25m
Income - Endowments N/A £0 £0 £0 £0
Income - Investment N/A £10.45k £3.81k £44.51k £98.38k
Income - Other N/A £12.92k £497 £0 £0
Income - Legacies N/A £0 £0 £0 £0
Expenditure - Charitable activities N/A £761.27k £800.24k £839.02k £918.54k
Expenditure - Raising funds N/A £0 £0 £0 £0
Expenditure - Governance N/A £0 £0 £0 £0
Expenditure - Grants institution N/A £0 £0 £0 £0
Expenditure - Investment management N/A £0 £0 £0 £0
Expenditure - Other N/A £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.

" role="img"> Text alternative for this canvas graphic is in the data table below.
Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets N/A £9.67m £9.47m £9.27m £9.16m
Long-term investments N/A £0 £0 £0 £0
Other assets N/A £3.08m £3.32m £3.64m £3.98m
Defined benefit pension scheme asset or liability N/A £0 £0 £0 £0
Total liabilities N/A £9.54m £9.25m £8.99m £8.79m

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 24 January 2025 On Time
Accounts and TAR 31 March 2024 24 January 2025 On Time Download Open in new window
Annual return 31 March 2023 23 January 2024 On Time
Accounts and TAR 31 March 2023 23 January 2024 On Time Download Open in new window
Annual return 31 March 2022 26 January 2023 On Time
Accounts and TAR 31 March 2022 26 January 2023 On Time Download Open in new window
Annual return 31 March 2021 27 January 2022 On Time
Accounts and TAR 31 March 2021 27 January 2022 On Time Download Open in new window
Annual return 31 March 2020 17 December 2020 On Time
Accounts and TAR 31 March 2020 17 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.

MEMORANDUM AND ARTICLES INCORPORATED 20/04/2000 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 06/02/2001 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 02/10/2001 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 05/05/2004 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 30/10/2012

Charitable objects

THE OBJECTS OF THE COMPANY SHALL BE: 4.1 TO PROVIDE SOCIAL HOUSING, HOUSES OR HOSTELS AND ANY ASSOCIATED AMENITIES AND SERVICES FOR PERSONS IN NECESSITOUS CIRCUMSTANCES UPON TERMS APPROPRIATE TO THEIR MEANS; 4.2 TO PROVIDE FOR AGED, DISABLED OR CHRONICALLY SICK PERSONS IN NEED THEREOF SOCIAL HOUSING, HOUSES OR HOSTELS AND ANY ASSOCIATED AMENITIES AND SERVICES SPECIALLY DESIGNED OR ADAPTED TO MEET THE DISABILITIES AND REQUIREMENTS OF SUCH PERSONS; 4.3 TO PROVIDE SERVICES, ADVICE OR ASSISTANCE UPON TERMS APPROPRIATE TO THEIR MEANS TO AGED, DISABLED OR CHRONICALLY SICK PERSONS IN NEED THEREOF AND PROVIDE ANY ASSOCIATED AMENITIES SPECIALLY DESIGNED OR ADAPTED TO MEET THE DISABILITIES AND REQUIREMENTS OF SUCH PERSONS; 4.4 TO PROVIDE 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 AREA IN WHICH THE COMPANY OWNS OR MANAGES HOUSING STOCK PRIMARILY ON THE LYNG ESTATE AND ANY OTHER AREA WITHIN THE METROPOLITAN BOROUGH OF SANDWELL; 4.5 TO RELIEVE POVERTY AMONGST THE RESIDENTS OF THE AREA IN WHICH THE COMPANY OWNS OR MANAGES HOUSING STOCK PRIMARILY ON THE LYNG ESTATE AND ANY OTHER AREA WITHIN THE METROPOLITAN BOROUGH OF SANDWELL; 4.6 THE ADVANCEMENT OF EDUCATION, TRAINING OR RETRAINING, PARTICULARLY AMONG UNEMPLOYED PEOPLE AND PROVIDING UNEMPLOYED PEOPLE WITH WORK EXPERIENCE; 4.7 THE PROMOTION FOR THE PUBLIC BENEFIT OF URBAN OR RURAL REGENERATION IN AREAS OF SOCIAL AND ECONOMIC DEPRIVATION (AND IN PARTICULAR IN AREAS IN WHICH THE COMPANY OWNS OR MANAGES HOUSING STOCK PRIMARILY ON THE LYNG ESTATE AND ANY OTHER AREA WITHIN THE METROPOLITAN BOROUGH OF SANDWELL) BY ALL OR ANY OF THE FOLLOWING MEANS: 4.7.1 THE PROVISION OF FINANCIAL ASSISTANCE, TECHNICAL ASSISTANCE OR BUSINESS ADVICE OR CONSULTANCY IN ORDER TO PROVIDE TRAINING AND EMPLOYMENT OPPORTUNITIES FOR UNEMPLOYED PEOPLE IN CASES OF FINANCIAL OR OTHER CHARITABLE NEED THROUGH HELP: (A) IN SETTING UP THEIR OWN BUSINESS, OR (B) TO EXISTING BUSINESSES, 4.7.2 THE CREATION OF TRAINING AND EMPLOYMENT OPPORTUNITIES BY THE PROVISION OF WORKSPACE, BUILDINGS, AND/OR LAND FOR USE ON FAVOURABLE TERMS; 4.7.3 THE MAINTENANCE, IMPROVEMENT OR PROVISION OF PUBLIC AMENITIES; 4.7.4 THE PRESERVATION OF BUILDINGS OR SITES OF HISTORIC OR ARCHITECTURAL IMPORTANCE; 4.7.5 THE PROTECTION OR CONSERVATION OF THE ENVIRONMENT; 4.7.6 THE PROVISION OF PUBLIC HEALTH FACILITIES AND CHILDCARE; 4.7.7 THE PROMOTION OF PUBLIC SAFETY AND PREVENTION OF CRIME; 4.7.8 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.

PRIMARILY THE LYNG ESTATE AND ITS NEIGHBOURHOOD IN THE METROPOLITAN BOROUGH OF SANDWELL

Contact information

Address:
3 Frank Fisher Way
West Bromwich
B70 7AW
Phone:
01215255969
Email:
lyngcomm@btconnect.com
Website:

www.lyng.org Open in new window