WAKEFIELD AND DISTRICT HOUSING LIMITED

Charity number: 1107623
Removed charity

Charity overview

Activities - how the charity spends its money

WDH is a registered Housing Association.

Income and expenditure

Data for financial year ending 31 March 2016

Total income:
£156,513,000

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Donations and legacies £3.33m
Charitable activities £148.65m
Other trading activities £4.37m
Investments £162.00k
Other £0

Total expenditure:
£139,470,000

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Raising funds £0
Charitable activities £135.40m
Other £0

£185,000 investments gains (losses)

Total income includes £745,163 from government contract(s) and £1,245,000 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 £4.07m
Charitable expenditure £135.40m
Retained for future use £17.04m

Fundraising

This charity does not raise funds from the public

Trading

This charity has one or more trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

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:
  • Makes Grants To Organisations
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 13 January 2005: Standard registration
  • 13 September 2017: Removed (Exempt charity)
Organisation type:
Charitable company
Other names:
  • WDH (Working name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/03/2012 31/03/2013 31/03/2014 31/03/2015 31/03/2016
Total gross income £118.91m £131.83m £137.87m £148.36m £156.51m
Total expenditure £124.82m £119.33m £120.25m £129.35m £139.47m
Income from government contracts N/A N/A N/A £740.00k £745.16k
Income from government grants N/A N/A N/A £4.12m £1.25m
Income - Donations and legacies £0 £0 £0 £0 £3.33m
Income - Other trading activities £3.12m £3.53m £4.28m £4.40m £4.37m
Income - Charitable activities £115.78m £128.29m £133.56m £143.84m £148.65m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £16.00k £14.00k £35.00k £126.00k £162.00k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £123.72m £116.57m £116.95m £125.88m £135.40m
Expenditure - Raising funds N/A N/A N/A N/A £4.07m
Expenditure - Governance £38.00k £35.00k £37.00k £45.00k £118.00k
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 31/03/2012 31/03/2013 31/03/2014 31/03/2015 31/03/2016
Own use assets £762.43m £816.16m £885.53m £919.38m £677.25m
Long-term investments £0 £0 £0 £84.00k £13.68m
Other assets £12.92m £15.30m £27.26m £38.60m £45.22m
Defined benefit pension scheme asset or liability -£39.20m -£36.91m -£11.84m -£32.43m -£25.40m
Total liabilities £414.54m £439.61m £430.77m £431.19m £429.87m

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 2017 Not submitted
Accounts and TAR 31 March 2017 Not submitted
Annual return 31 March 2016 27 January 2017 On Time
Accounts and TAR 31 March 2016 27 January 2017 On Time
Annual return 31 March 2015 15 January 2016 On Time
Accounts and TAR 31 March 2015 15 January 2016 On Time
Annual return 31 March 2014 17 October 2014 On Time
Accounts and TAR 31 March 2014 20 October 2014 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 ON 30 OCTOBER 2003 CERTIFICATE OF INCORPORATION ON CHANGE OF NAME ISSUED 28 NOVEMBER 2003 AS AMENDED BY SPECIAL RESOLUTIONS DATED 10 SEPTEMBER 2004 AND 02 DECEMBER 2004

Charitable objects

THE OBJECTS OF THE COMPANY SHALL BE:- (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 ASSOCIATED 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 AND 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 AREA IN WHICH THE COMPANY OWNS OR MANAGES HOUSING STOCK; (5) TO RELIEVE POVERTY AMONGST THE RESIDENTS OF THE LOCAL AUTHORITY AREA IN WHICH THE COMPANY OWNS OR MANAGES HOUSING STOCK; (6) THE ADVANCEMENT OF EDUCATION, TRAINING OR RETRAINING, PARTICULARLY AMONG UNEMPLOYED PEOPLE AND PROVIDING UNEMPLOYED PEOPLE WITH WORK EXPERIENCE; (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.

NOT DEFINED. IN PRACTICE NATIONALLY.