WORCESTER COMMUNITY HOUSING LIMITED

Charity number: 1109786
Removed charity

Charity overview

Activities - how the charity spends its money

Worcester Community Housing Limited is a registered provider of housing run on a not-for-profit basis. The principal activities of the Company are the provision of social housing: the letting, management and maintenance of affordable homes for people in housing need together with appropriate support services.

Income and expenditure

Data for financial year ending 31 March 2015

Total income:
£26,722,474

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Donations and legacies £0
Charitable activities £26.72m
Other trading activities £0
Investments £0
Other £0

Total expenditure:
£18,170,093

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Raising funds £0
Charitable activities £18.17m
Other £0

£0 investments gains (losses)

Total income includes £301,298 from government contract(s) and £2,917,000 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 £18.17m
Retained for future use £8.55m

Fundraising

This charity does not raise funds from the public

Trading

This charity does not have any trading subsidiaries.

Trustee payments

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

What, who, how, where

What the charity does:
  • Accommodation/housing
Who the charity helps:
  • Elderly/old People
  • People With Disabilities
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
Where the charity operates:
  • Worcestershire

Governance

Registration history:
  • 01 June 2005: Standard registration
  • 24 October 2016: Removed (Exempt charity)
Organisation type:
Charitable company
Other names:
  • WCH (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 31/03/2011 31/03/2012 31/03/2013 31/03/2014 31/03/2015
Total gross income £17.99m £19.66m £23.14m £24.47m £26.72m
Total expenditure £17.75m £16.68m £18.27m £18.27m £18.17m
Income from government contracts N/A N/A N/A N/A £301.30k
Income from government grants N/A N/A N/A N/A £2.92m
Income - Donations and legacies £0 £0 £0 £0 £0
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £17.99m £19.66m £23.14m £24.47m £26.72m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £0 £0 £0 £0 £0
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £17.75m £16.68m £18.27m £18.27m £18.17m
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance £0 £0 £0 £0 £0
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 31/03/2011 31/03/2012 31/03/2013 31/03/2014 31/03/2015
Own use assets £16.79m £58.84m £65.09m £184.36m £210.03m
Long-term investments £0 £0 £0 £0 £0
Other assets £5.44m £4.30m £4.32m £5.42m £30.65m
Defined benefit pension scheme asset or liability -£1.35m -£3.24m -£4.66m -£2.96m -£5.78m
Total liabilities £33.98m £35.56m £36.78m £48.41m £85.25m

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 2016 Not submitted
Accounts and TAR 31 March 2016 Not submitted
Annual return 31 March 2015 22 January 2016 On Time
Accounts and TAR 31 March 2015 22 January 2016 On Time
Annual return 31 March 2014 29 January 2015 On Time
Accounts and TAR 31 March 2014 29 January 2015 On Time
Annual return 31 March 2013 30 January 2014 On Time
Accounts and TAR 31 March 2013 30 January 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 29 AUGUST 2002 AS AMENDED BY SPECIAL RESOLUTIONS DATED 05 FEBRUARY 2004, 05 NOVEMBER 2003, 07 APRIL 2005 AND 22 SEPTEMBER 2008.

Charitable objects

THE OBJECTS OF THE COMPANY SHALL BE TO: 1) PROVIDE HOUSES HOSTELS ACCOMMODATION AND ASSISTANCE AND ANY ASSOCIATED FACILITIES AND AMENITIES FOR PERSONS IN NECESSITOUS CIRCUMSTANCES WITH CONSIDERATION TO THEIR MEANS; 2) PROVIDE FOR AGED, DISABLED OR CHRONICALLY SICK PERSONS IN NEED THEREOF (I) HOUSES OR HOSTELS AND (II) SERVICES, ADVICE AND ASSISTANCE EACH TOGETHER WITH ANY ASSOCIATED AMENITIES AND SPECIALLY DESIGNED OR ADAPTED TO MEET THE DISABILITIES AND REQUIREMENTS OF SUCH PERSONS; 3) PROVIDE RECREATION OR OTHER LEISURE FACILITIES IN THE INTEREST OF SOCIAL WELFARE WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE COMMUNITY; 4)PROMOTE FOR THE BENEFIT OF THE PUBLIC OF URBAN OR RURAL REGENERATION IN AREAS OF SOCIAL AND ECONOMIC DEPRIVATION BY ALL OR ANY OF THE FOLLOWING MEANS: A) THE RELIEF OF FINANCIAL HARDSHIP; B) THE MAINTENANCE, IMPROVEMENT OR PROVISION OF PUBLIC AMENITIES; C) THE ADVANCEMENT OF EDUCATION, TRAINING OR RETRAINING, PARTICULARLY AMONG UNEMPLOYED PEOPLE, AND PROVIDING UNEMPLOYED PEOPLE WITH WORK EXPERIENCE; D) THE PROMOTION OF PUBLIC SAFETY AND PREVENTION OF CRIME. 5) ANY OTHER CHARITABLE OBJECTIVE THAT CAN BE CARRIED OUT BY A SOCIAL LANDLORD REGISTERED AS SUCH WITH THE HOUSING CORPORATION EXPRESSLY PERMITTED PURSUANT TO SECTION 2 OF THE HOUSING ACT 1996.

Area of benefit

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

NATIONALLY