TESTWAY HOUSING LIMITED

Charity number: 1102937
Removed charity

Charity overview

Activities - how the charity spends its money

Provision of affordable housing and services to those to those in necessitous circumstances

Income and expenditure

Data for financial year ending 31 March 2010

Total income:
£26,443,000

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Donations and legacies £0
Charitable activities £26.43m
Other trading activities £0
Investments £10.00k
Other £0

Total expenditure:
£27,045,000

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Raising funds £0
Charitable activities £27.03m
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 £13.00k
Charitable expenditure £27.03m

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • Disability
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
  • Amateur Sport
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Defined Groups
How the charity helps:
  • Makes Grants To Organisations
  • Provides Buildings/facilities/open Space
  • Provides Services
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 30 March 2004: Standard registration
  • 08 September 2011: Removed (Exempt charity)
Organisation type:
Charitable company
Other names:
  • TESTWAY TRANSFORM (Working name)
  • TRANSFORM (Working 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 31/03/2006 31/03/2007 31/03/2008 31/03/2009 31/03/2010
Total gross income £19.11m £20.30m £22.33m £25.55m £26.79m
Total expenditure £12.02m £15.45m £24.00m £27.03m £26.99m
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 £18.69m £0 £0 £0
Income - Charitable activities N/A £22.10k £22.63m £23.80m £26.43m
Income - Endowments N/A £0 £0 £0 £0
Income - Investment N/A £74.00k £129.00k £144.00k £10.00k
Income - Other N/A £2.28m £1.00k £0 £0
Income - Legacies N/A £0 £0 £0 £0
Expenditure - Charitable activities N/A £22.10k £23.98m £25.27m £27.03m
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance N/A £0 £19.00k £24.00k £13.00k
Expenditure - Grants institution N/A £0 £0 £0 £0
Expenditure - Investment management N/A £40.00k £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.

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Asset / Liability 31/03/2006 31/03/2007 31/03/2008 31/03/2009 31/03/2010
Own use assets N/A £161.39m £172.89m £185.13m £195.16m
Long-term investments N/A £0 £0 £0 £0
Other assets N/A £2.45m £3.85m £5.99m £5.43m
Defined benefit pension scheme asset or liability N/A -£3.59m £0 £0 -£6.00m
Total liabilities N/A £5.05m £5.34m £3.76m £124.82m

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 2011 Not submitted
Accounts and TAR 31 March 2011 Not submitted
Annual return 31 March 2010 23 November 2010 On time
Accounts and TAR 31 March 2010 01 December 2010 On time
Annual return 31 March 2009 24 November 2009 On time
Accounts and TAR 31 March 2009 25 November 2009 On time
Annual return 31 March 2008 25 November 2008 On time
Accounts and TAR 31 March 2008 27 November 2008 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 OF ASSOCIATION INCORPORATED 18 AUGUST 1998 AS AMENDED BY SPECIAL RESOLUTIONS DATED 7 FEBRUARY 2000 AND 23 SEPTEMBER 2003.

Charitable objects

TO CARRY ON THE INDUSTRY BUSINESS OR TRADE OF: (I) PROVIDING HOUSES OR HOSTELS AND ANY ASSOCIATED AMENITIES FOR PERSONS IN NECESSITOUS CIRCUMSTANCES UPON TERMS APPROPRIATE TO THEIR MEANS; (II) 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; (III) PROVIDING SERVICES, ADVICE OR ASSISTANCE UPON TERMS APPROPRIATE TO THEIR MEANS TO AGED, DISABLED, HANDICAPPED (WHETHER MENTALLY OR PHYSICALLY) OR CHRONICALLY SICK PERSONS IN NEED THEREOF AND PROVIDING ANY ASSOCIATED AMENITIES SPECIALLY DESIGNED OR ADAPTED TO MEET THE DISABILITIES AND REQUIREMENTS OF SUCH PERSONS. (IV) 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 AREA IN WHICH THE COMPANY OWNS OR MANAGES HOUSING STOCK. (V) THE RELIEF OF POVERTY AMONGST THE RESIDENTS OF THE LOCAL AUTHORITY AREAS IN WHICH THE COMPANY OWNS OR MANAGES HOUSING STOCK. (VI) THE ADVANCEMENT OF EDUCATION, TRAINING OR RETRAINING, PARTICULARLY AMONG UNEMPLOYED PEOPLE AND PROVIDING UNEMPLOYED PEOPLE WITH WORK EXPERIENCE. (VII) THE MAINTENANCE, IMPROVEMENT OR PROVISION OF PUBLIC AMENITIES FOR THE PUBLIC BENEFIT IN THE INTERESTS OF REGENERATION IN AREAS OF SOCIAL AND ECONOMIC DEPRIVATION IN WHICH THE COMPANY OWNS OR MANAGES HOUSING STOCK. IN FURTHERANCE OF THE SAID OBJECTS THE COMPANY SHALL AT ALL TIMES TAKE INTO CONSIDERATION THE PRINCIPLES OF EQUALITY OF OPPORTUNITY IRRESPECTIVE OF AGE, GENDER, RACE, COLOUR, NATIONALITY, ETHNIC ORIGIN, RELIGION, SEXUAL ORIENTATION OR DISABILITY..

Area of benefit

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

NATIONAL