WEAVER VALE HOUSING TRUST LIMITED

Charity number: 1105813
Removed charity

Charity overview

Activities - how the charity spends its money

Weaver Vale Housing Trust is a housing association that manages 6,312 homes in West Cheshire. These homes are for single people, familiies and older people. Our vision is "Transforming neighbourhoods, homes and services to improve the quality of life for our customers."

Income and expenditure

Data for financial year ending 31 March 2017

Total income:
£32,067,000

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Donations and legacies £0
Charitable activities £31.79m
Other trading activities £0
Investments £275.00k
Other £0

Total expenditure:
£21,633,000

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Raising funds £0
Charitable activities £21.63m
Other £0

£0 investments gains (losses)

Total income includes £892,000 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 £0
Charitable expenditure £21.63m
Retained for future use £10.43m

Fundraising

This charity does not raise funds from the public

Trading

This charity has one or more trading subsidiaries.

Trustee payments

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

What, who, how, where

What the charity does:
  • Education/training
  • 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
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Cheshire East
  • Cheshire West & Chester

Governance

Registration history:
  • 09 September 2004: Standard registration
  • 19 July 2018: Removed (Exempt charity)
Organisation type:
Charitable company
Other names:

No other names

Gift aid:
No information available
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/03/2013 31/03/2014 31/03/2015 31/03/2016 31/03/2017
Total gross income £31.20m £30.92m £31.50m £32.25m £32.07m
Total expenditure £23.33m £23.77m £21.87m £23.07m £21.63m
Income from government contracts N/A N/A £343.00k £150.00k £0
Income from government grants N/A N/A £520.00k £452.00k £892.00k
Income - Donations and legacies £0 £0 £0 £0 £0
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £30.95m £30.66m £31.23m £31.98m £31.79m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £242.00k £255.00k £269.00k £276.00k £275.00k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £23.29m £23.74m £21.72m £23.07m £21.63m
Expenditure - Raising funds N/A N/A N/A £0 £0
Expenditure - Governance £32.00k £27.00k £127.00k £69.00k £94.00k
Expenditure - Grants institution £6.00k £10.00k £4.00k £0 £0
Expenditure - Investment management £0 £0 £18.00k £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 31/03/2013 31/03/2014 31/03/2015 31/03/2016 31/03/2017
Own use assets £85.05m £86.44m £88.40m £97.86m £98.14m
Long-term investments £0 £0 £0 £0 £0
Other assets £7.45m £10.33m £10.63m £12.70m £17.33m
Defined benefit pension scheme asset or liability -£7.29m -£5.43m -£9.44m -£3.98m -£10.83m
Total liabilities £92.46m £93.06m £89.03m £94.20m £91.09m

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 06 September 2018 On Time
Annual return 31 March 2017 18 September 2017 On Time
Accounts and TAR 31 March 2017 18 September 2017 On Time
Annual return 31 March 2016 09 September 2016 On Time
Accounts and TAR 31 March 2016 09 September 2016 On Time
Annual return 31 March 2015 04 August 2015 On Time
Accounts and TAR 31 March 2015 04 August 2015 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 04/06/2001 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 24/03/2009 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 12/12/2011 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 28/05/2012 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 18/10/2013 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 11 APR 2018

Charitable objects

3.1 TO PROVIDE HOUSES OR HOSTELS AND ANY ASSOCIATED AMENITIES FOR PERSONS IN NECESSITOUS CIRCUMSTANCES UPON TERMS APPROPRIATE TO THEIR MEANS; 3.2 TO PROVIDE FOR AGED, DISABLED OR CHRONICALLY SICK PERSONS IN NEED THEREOF HOUSES OR HOSTELS AND ANY ASSOCIATES AMENITIES SPECIALLY DESIGNED OR ADAPTED TO MEET THE DISABILITIES AND REQUIREMENTS OF SUCH PERSONS; 3.3 TO PROVIDE SERVICES, ADVICE OR ASSISTANCE UPON TERMS APPROPRIATE TO THEIR MEANS TO AGED, DISABLED, OR CHRONICALLY SICK PERSONS IN NEED THEREOF ANY PROVIDE ANY ASSOCIATED AMENITIES SPECIALLY DESIGNED OR ADAPTED TO MEET THE DISABILITIES AND REQUIREMENTS OF SUCH PERSONS; 3.4 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 AREAS IN WHICH THE COMPANY OWNS OR MANAGES HOUSING STOCK; 3.5 TO RELIEVE POVERTY AMONGST RESIDENTS OF THE LOCAL AUTHORITIES AREAS IN WHICH THE COMPANY OWNS OR MANAGES HOUSING STOCK; 3.6 THE ADVANCEMENT OF EDUCATION, TRAINING OR RETRAINING, PARTICULARLY AMONG UNEMPLOYED PEOPLE AND PROVIDING UNEMPLOYED PEOPLE WITH WORK EXPERIENCE; 3.7 TO MAINTAIN, IMPROVE OR PROVIDE 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.

Area of benefit

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

NATIONAL