WINTON PHILANTHROPIES

Charity number: 1110131
Removed charity

Charity overview

Activities - how the charity spends its money

General grant-making primarily to support the advancement of science, arts and culture and projects with the local community and such other causes as the Trustees think fit.

Income and expenditure

Data for financial year ending 31 December 2017

Total income:
£24,714,517

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Donations and legacies £24.70m
Charitable activities £0
Other trading activities £0
Investments £10.43k
Other £0

Total expenditure:
£1,244,592

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Raising funds £0
Charitable activities £1.24m
Other £0

£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 £0
Charitable expenditure £1.24m
Retained for future use £23.47m

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

Main way of carrying out purposes is grant making
What the charity does:
  • General Charitable Purposes
  • Arts/culture/heritage/science
  • Economic/community Development/employment
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 21 June 2005: Standard registration
  • 14 October 2019: Removed (Ceased to exist)
Organisation type:
Charitable company
Other names:
  • THE WINTON CHARITABLE FOUNDATION (Previous name)
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
No policies declared
Land and property:
This charity does not own and/or lease land or property

Financial history

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Financial period end date

Income / Expenditure 31/12/2013 31/12/2014 31/12/2015 31/12/2016 31/12/2017
Total gross income £1.91m £1.31m £821.14k £8.86m £24.71m
Total expenditure £1.60m £1.70m £775.19k £6.31m £1.24m
Income from government contracts N/A N/A £0 £0 £0
Income from government grants N/A N/A £0 £0 £0
Income - Donations and legacies £1.91m £1.31m £820.57k £8.86m £24.70m
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £0 £0 £0 £0 £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £479 £1.48k £577 £435 £10.43k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.60m £1.70m £775.06k £6.31m £1.24m
Expenditure - Raising funds N/A N/A N/A £0 £0
Expenditure - Governance £964 £864 £131 £9.00k £20.83k
Expenditure - Grants institution £0 £0 £0 £6.30m £1.22m
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 31/12/2013 31/12/2014 31/12/2015 31/12/2016 31/12/2017
Own use assets £0 £0 £0 £0 £0
Long-term investments £0 £0 £0 £0 £0
Other assets £399.62k £30.72k £52.21k £6.73m £27.41m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £4.65k £24.46k £0 £4.12m £1.33m

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 December 2018 Not submitted
Accounts and TAR 31 December 2018 Not submitted
Annual return 31 December 2017 02 October 2018 On time
Accounts and TAR 31 December 2017 02 October 2018 On time
Annual return 31 December 2016 29 September 2017 On time
Accounts and TAR 31 December 2016 29 September 2017 On time
Annual return 31 December 2015 13 October 2016 On time
Accounts and TAR 31 December 2015 13 October 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 OF ASSOCIATION INCORPORATED 8 JUNE 2005. AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 21 SEP 2016 as amended on 06 Nov 2018

Charitable objects

3.1) TO FURTHER THE STUDY OF RISK AND STATISTICS FOR THE PUBLIC BENEFIT IN SUCH WAYS AS THE TRUSTEES SHALL THINK FIT, IN PARTICULAR BY THE ESTABLISHMENT AND MAINTENANCE OF A PROFESSORSHIP IN THE PUBLIC UNDERSTANDING OF RISK AND STATISTICS AT THE UNIVERSITY OF CAMBRIDGE; AND 3.2) TO FURTHER SUCH CHARITABLE PURPOSES AND TO BENEFIT SUCH CHARITABLE INSTITUTIONS AS THE TRUSTEES SHALL THINK FIT.

Area of benefit

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

NATIONAL AND OVERSEAS