EASTLANDS HOMES PARTNERSHIP LIMITED

Charity number: 1105987
Removed charity

Charity overview

Activities - how the charity spends its money

THE PROVISION AND MANAGEMENT OF SOCIAL HOUSING, NEIGHBOURHOOD MANAGEMENT AND ACTING AS A KEY PARTNER IN THE REGENERATION OF EAST MANCHESTER.

Income and expenditure

Data for financial year ending 31 March 2018

Total income:
£38,087,000

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Donations and legacies £0
Charitable activities £36.97m
Other trading activities £959.00k
Investments £160.00k
Other £0

Total expenditure:
£29,446,000

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Raising funds £1.13m
Charitable activities £28.32m
Other £0

-£124,000 investments gains (losses)

Total income includes £62,438 from 1 government contract(s) and £3,232,750 from 14 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 £1.13m
Charitable expenditure £28.32m
Retained for future use £8.64m

Fundraising

This charity does not raise funds from the public

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

One or more trustees receive payments or benefits from the charity for being a trustee.

What, who, how, where

What the charity does:
  • Disability
  • 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
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Manchester City

Governance

Registration history:
  • 23 September 2004: Standard registration
  • 23 April 2019: Removed (Exempt charity)
Organisation type:
Charitable company
Other names:

No other names

Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Financial history

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Financial period end date

Income / Expenditure 31/03/2014 31/03/2015 31/03/2016 31/03/2017 31/03/2018
Total gross income £40.62m £33.21m £37.28m £37.63m £38.09m
Total expenditure £50.42m £39.95m £31.85m £29.21m £29.45m
Income from government contracts N/A £93.00k £0 £77.30k £62.44k
Income from government grants N/A £95.00k £80.99k £201.45k £3.23m
Income - Donations and legacies £0 £0 £0 £0 £0
Income - Other trading activities £1.97m £191.00k £0 £344.00k £959.00k
Income - Charitable activities £30.92m £32.36m £36.94m £37.22m £36.97m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £344.00k £659.00k £54.00k £66.00k £160.00k
Income - Other £7.39m £0 £291.00k £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £50.33m £39.00m £31.34m £28.57m £28.32m
Expenditure - Raising funds N/A N/A £505.00k £737.00k £1.13m
Expenditure - Governance £83.74k £75.45k £102.15k £97.59k £115.81k
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 31/03/2014 31/03/2015 31/03/2016 31/03/2017 31/03/2018
Own use assets £257.52m £265.62m £110.92m £115.10m £118.33m
Long-term investments £0 £0 £2.88m £4.19m £3.16m
Other assets £15.51m £15.09m £17.25m £9.85m £10.83m
Defined benefit pension scheme asset or liability £2.28m -£1.01m -£514.00k £6.03m £6.64m
Total liabilities £87.50m £93.05m £164.01m £154.85m £149.27m

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 2019 Not submitted
Accounts and TAR 31 March 2019 Not submitted
Annual return 31 March 2018 03 January 2019 On Time
Accounts and TAR 31 March 2018 03 January 2019 On Time
Annual return 31 March 2017 11 January 2018 On Time
Accounts and TAR 31 March 2017 11 January 2018 On Time
Annual return 31 March 2016 17 November 2016 On Time
Accounts and TAR 31 March 2016 17 November 2016 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 16/12/2002 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 13/07/2004 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 29/04/2009 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 28/11/2011 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 15/11/2012 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 10/01/2014 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 30/04/2015 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 03 AUG 2016 as amended on 02 Jul 2018

Charitable objects

3. THE COMPANY'S OBJECTS SHALL BE TO CARRY ON FOR THE BENEFIT OF THE COMMUNITY THE BUSINESS OF: (I) PROVIDING, MANAGING AND MAINTAINING HOUSING AND SOCIAL HOUSING AND PROVIDING ASSISTANCE TO HELP HOUSE PEOPLE AND ASSOCIATED FACILITIES AND AMENITIES OR SERVICES IN EACH CASE FOR POOR PEOPLE OR FOR THE RELIEF OF AGED, DISABLED (WHETHER PHYSICALLY OR MENTALLY) OR CHRONICALLY SICK PEOPLE; (II) THE PROVISION OF RECREATIONAL OR OTHER LEISURE-TIME FACILITIES IN THE INTEREST OF SOCIAL WELFARE WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR PERSONS IN NECESSITOUS CIRCUMSTANCES, THE AGED, DISABLED AND CHRONICALLY SICK WHO ARE RESIDENTS OF THE COMPANY, OR DEPENDANTS OF SUCH RESIDENTS LIVING WITH SUCH RESIDENTS OR RESIDENTS WITHIN THE COMMUNITIES IN WHICH THE COMPANY OPERATES, PROVIDED THAT THEY HAVE NEED OF SUCH FACIILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES; (III) THE RELIEF OF POVERTY AND THE ADVANCEMENT OF EDUCATION FOR THE BENEFIT OF THE COMMUNITY; (IV) THE RELIEF OF UNEMPLOYMENT FOR THE BENEFIT OF THE PUBLIC IN SUCH WAYS AS MAY BE THOUGHT FIT, INCLUDING ASSISTANCE TO FIND EMPLOYMENT; AND (V) ANY OTHER CHARITABLE OBJECT THAT CAN BE CARRIED OUT FROM TIME TO TIME BY A COMPANY REGISTERED AS A PROVIDER OF SOCIAL HOSUNG WITH THE REGULATOR

Area of benefit

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

MANCHESTER