THE ST MATTHEW ACADEMY LIMITED

Charity Number: 1104533
Removed charity

Charity overview

Activities - how the charity spends its money

the operation of St Matthew Academy to provide education for pupils of different abilities between the ages of 3 and 16 with an emphasis on business and enterprise

Income and expenditure

Data for financial year ending 31 August 2009

Total income:
£8,279,924

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Donations and legacies £0
Charitable activities £7.97m
Other trading activities £0
Investments £14.11k
Other £297.43k

Total expenditure:
£8,807,791

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Raising funds £0
Charitable activities £6.53m
Other £2.26m

£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 £2.28m
Charitable expenditure £6.53m

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • Education/training
  • Religious Activities
Who the charity helps:
  • Children/young People
  • People With Disabilities
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
Where the charity operates:
  • Lewisham

Governance

Registration history:
  • 24 June 2004: Standard registration
  • 25 August 2011: Removed (Exempt charity)
Organisation type:
Charitable company
Other names:
  • ST MATTHEW ACADEMY (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 31/03/2005 31/08/2006 31/08/2007 31/08/2008 31/08/2009
Total gross income £0 £10.88m £16.19m £10.58m £8.28m
Total expenditure £0 £282.54k £754.63k £7.84m £8.81m
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 N/A £1.10m £0 £0
Income - Other trading activities N/A N/A £0 £0 £0
Income - Charitable activities N/A N/A £15.01m £10.52m £7.97m
Income - Endowments N/A N/A £0 £0 £0
Income - Investment N/A N/A £75.45k £65.89k £14.11k
Income - Other N/A N/A £0 £0 £297.43k
Income - Legacies N/A N/A £0 £0 £0
Expenditure - Charitable activities N/A N/A £746.99k £7.82m £6.53m
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance N/A N/A £7.64k £16.63k £16.70k
Expenditure - Grants institution N/A N/A £0 £0 £0
Expenditure - Investment management N/A N/A £0 £0 £0
Expenditure - Other N/A N/A £0 £0 £2.26m

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 31/03/2005 31/08/2006 31/08/2007 31/08/2008 31/08/2009
Own use assets N/A N/A £25.35m £24.77m £28.62m
Long-term investments N/A N/A £0 £3.59m £0
Other assets N/A N/A £3.05m £1.48m £174.83k
Defined benefit pension scheme asset or liability N/A N/A £0 -£105.00k -£331.00k
Total liabilities N/A N/A £2.36m £1.03m £526.06k

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 August 2010 Not submitted
Accounts and TAR 31 August 2010 23 February 2011 On Time
Annual return 31 August 2009 30 June 2010 On Time
Accounts and TAR 31 August 2009 18 March 2010 On Time
Annual return 31 August 2008 30 June 2009 On Time
Accounts and TAR 31 August 2008 24 March 2009 On Time
Annual return 31 August 2007 30 June 2008 On Time
Accounts and TAR 31 August 2007 07 January 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 3 JUNE 2004 AS AMENDED BY SPECIAL RESOLUTION DATED 19 MAY 2005

Charitable objects

TO ADVANCE FOR THE PUBLIC BENEFIT ROMAN CATHOLIC EDUCATION IN THE GEOGRAPHICAL AREA OVER WHICH THE PERSON FOR THE TIME BEING EXERCISING EPISCOPAL OR ORDINARY JURISDICTION AN IN PARTICULAR BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING BY ESTABLISHING MAINTAINING CARRYING ON, MANAGING AND DEVELOPING AN ACADEMY PROVIDING RELIGIOUS EDUCATION IN ACCORDANCE WITH THE TENETS OF THE ROMAN CATHOLIC RELIGION WITHIN THE AREA OF THE LONDON BOROUGH OF LEWISHAM LOCAL EDUCATION AUTHORITY TO BE KNOWN AS THE ST MATTHEW ACADEMY ("THE ACADEMY") OFFERING A BROAD CURRICULUM WITH A STRONG EMPHASIS ON, BUT IN NO WAY LIMITED TO BUSINESS AND ENTERPRISE.

Area of benefit

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

LEWISHAM