CASTLE VIEW ENTERPRISE ACADEMY

Charity number: 1122814
Removed charity

Charity overview

Activities - how the charity spends its money

The principal object and activity of the charitable company is the operation of Castle View Enterprise Academy to provide education for pupils of different abilities between the ages of 11 and 16 with an emphasis on business and enterprise. The main objectives during the year were to, amongst others, conduct the Academy's business to the highest standards of integrity, probity and openness.

Income and expenditure

Data for financial year ending 31 August 2010

Total income:
£6,725,000

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Donations and legacies £101.00k
Charitable activities £5.91m
Other trading activities £649.00k
Investments £66.00k
Other £0

Total expenditure:
£5,860,000

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Raising funds £0
Charitable activities £5.53m
Other £250.00k

£3,000 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.

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Raising funds and other expenditure £328.00k
Charitable expenditure £5.53m
Retained for future use £865.00k

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Children/young People
  • The General Public/mankind
How the charity helps:
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
Where the charity operates:
  • Sunderland

Governance

Registration history:
  • 18 February 2008: Standard registration
  • 25 August 2011: Removed (Exempt charity)
Organisation type:
Charitable company
Other names:
  • CASTLE VIEW ACADEMY (Previous 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 31/08/2008 31/08/2009 31/08/2010
Total gross income £1.57m £763.00k £6.73m
Total expenditure £295.00k £685.00k £5.86m
Income from government contracts N/A N/A N/A
Income from government grants N/A N/A N/A
Income - Donations and legacies £1.25m £0 £101.00k
Income - Other trading activities £0 £0 £649.00k
Income - Charitable activities £295.00k £705.00k £5.91m
Income - Endowments £1.25m £0 £0
Income - Investment £21.00k £58.00k £66.00k
Income - Other £0 £0 £0
Income - Legacies £0 £0 £0
Expenditure - Charitable activities £273.00k £502.00k £5.53m
Expenditure - Raising funds N/A N/A N/A
Expenditure - Governance £22.00k £183.00k £78.00k
Expenditure - Grants institution £0 £0 £0
Expenditure - Investment management £0 £0 £0
Expenditure - Other £0 £0 £250.00k

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 31/08/2008 31/08/2009 31/08/2010
Own use assets £0 £9.00k £136.00k
Long-term investments £0 £3.00k £3.00k
Other assets £1.57m £1.96m £2.48m
Defined benefit pension scheme asset or liability £0 £0 -£580.00k
Total liabilities £296.00k £625.00k £534.00k

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 August 2010 26 April 2011 On Time
Accounts and TAR 31 August 2010 28 April 2011 On Time
Annual return 31 August 2009 27 May 2010 On Time
Accounts and TAR 31 August 2009 29 December 2009 On Time
Annual return 31 August 2008 09 June 2009 On Time
Accounts and TAR 31 August 2008 09 June 2009 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 4 JUNE 2007 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 10 JUNE 2008

Charitable objects

TO ADVANCE FOR THE PUBLIC BENEFIT EDUCATION IN THE UNITED KINGDOM, IN PARTICULAR BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING BY ESTABLISHING, MAINTAINING, CARRYING ON, MANAGING AND DEVELOPING A SCHOOL OFFERING A BROAD CURRICULUM WITH A STRONG EMPHASIS ON, BUT IN NO WAY LIMITED TO, BUSINESS AND ENTERPRISE ("THE ACADEMY").

Area of benefit

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

NOT DEFINED IN PRACTICE SUNDERLAND

Linked charities

Linked charities
Linked charity 1122814-1 THE NORTHUMBRIAN WATER LIMITED ENDOWMENT TRUST
Governing document
TRUST DEED DATED 10 AUGUST 2007 AS AFFECTED BY A UNITING DIRECTION MADE UNDER S.96 OF THE CHARITIES ACT 1993 AND DATED 15 FEBRUARY 2008.
Charitable objects
TO ADVANCE FOR THE PUBLIC BENEFIT EDUCATION IN THE UNITED KINGDOM, IN PARTICULAR BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING BY ESTABLISHING, MAINTAINING, CARRYING ON, MANAGING AND DEVELOPING A SCHOOL OFFERING A BOARD CURRICULUM WITH A STRONG EMPHASIS ON, BUT IN NO WAY LIMITED TO BUSINESS AND ENTERPRISE.
Area of benefit
NOT DEFINED IN PRACTICE SUNDERLAND
Registration history
  • 18 February 2008 : Standard registration
  • 25 August 2011 : Removed