THE CHALLENGE NETWORK

Charity number: 1129239
Removed charity

Charity overview

Activities - how the charity spends its money

The Challenge designs and delivers programmes that enable people from different backgrounds to connect with each other. For example, our HeadStart programme inspires young people to volunteer in and connect with their communities. Through our work, we are creating a generation of people who are more connected, and more active in our communities and workplaces.

Income and expenditure

Data for financial year ending 31 October 2017

Total income:
£69,810,000

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Donations and legacies £1.68m
Charitable activities £67.39m
Other trading activities £675.00k
Investments £70.00k
Other £0

Total expenditure:
£70,498,000

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Raising funds £0
Charitable activities £70.40m
Other £0

£0 investments gains (losses)

Total income includes £700 from government contract(s) and £140,000 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 £97.00k
Charitable expenditure £70.40m

Fundraising

This charity raises funds from the public but does not work with commercial participators.

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:
  • Education/training
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
How the charity helps:
  • Provides Services
Where the charity operates:
  • Throughout England

Governance

Registration history:
  • 21 April 2009: Standard registration
  • 01 March 2024: Removed (Does not operate)
Organisation type:
Charitable company
Other names:

No other names

Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
Land and property:
This charity owns and/or leases land or property

Financial history

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Financial period end date

Income / Expenditure 31/10/2013 31/10/2014 31/10/2015 31/10/2016 31/10/2017
Total gross income £27.28m £37.65m £52.96m £65.79m £69.81m
Total expenditure £24.92m £33.41m £49.17m £68.31m £70.50m
Income from government contracts N/A N/A £49.93m £0 £700
Income from government grants N/A N/A £232.00k £316.00k £140.00k
Income - Donations and legacies £1.88m £2.10m £1.94m £1.38m £1.68m
Income - Other trading activities £0 £0 £0 £0 £675.00k
Income - Charitable activities £25.39m £35.53m £50.90m £64.13m £67.39m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £8.61k £15.00k £114.00k £132.00k £70.00k
Income - Other £0 £0 £0 £150.00k £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £24.89m £33.27m £48.99m £68.20m £70.40m
Expenditure - Raising funds N/A N/A N/A £112.00k £97.00k
Expenditure - Governance £28.45k £44.00k £85.00k £47.00k £39.00k
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 31/10/2013 31/10/2014 31/10/2015 31/10/2016 31/10/2017
Own use assets £63.38k £66.00k £137.00k £154.00k £117.00k
Long-term investments £0 £0 £0 £0 £0
Other assets £4.69m £15.33m £15.84m £23.12m £19.08m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £2.05m £8.47m £5.26m £15.30m £11.90m

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 2023
Accounts and TAR 31 December 2023
Annual return 31 December 2022
Accounts and TAR 31 December 2022
Annual return 31 December 2021
Accounts and TAR 31 December 2021
Annual return 31 December 2020
Accounts and TAR 31 December 2020

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 12 MARCH 2009 AS AMENDED BY SPECIAL RESOLUTION DATED 14 APRIL 2009 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 22 AUG 2017

Charitable objects

THE CHARITY’S OBJECTS ARE RESTRICTED SPECIFICALLY, IN EACH CASE ONLY FOR THE PUBLIC BENEFIT TO: (A) ADVANCE IN LIFE AND HELP YOUNG PEOPLE BY DEVELOPING THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY (AND IN PARTICULAR THEIR LOCAL COMMUNITY) AS INDEPENDENT, MATURE AND RESPONSIBLE INDIVIDUALS IN PARTICULAR BUT NOT EXCLUSIVELY BY PROVIDING EDUCATION, COMMUNITY SERVICE AND OTHER ACTIVITIES. (B) THE PROMOTION OF EQUALITY AND DIVERSITY FOR THE PUBLIC BENEFIT BY FOR EXAMPLE: (I) THE ELIMINATION OF DISCRIMINATION INCLUDING, BUT NOT LIMITED, TO ISSUES OF RACE, GENDER, DISABILITY, SEXUAL ORIENTATION, RELIGION, AGE, SOCIOECONOMIC STATUS; (II) ADVANCING EDUCATION AND RAISING AWARENESS IN EQUALITY AND DIVERSITY; (III) PROMOTING ACTIVITIES TO FOSTER UNDERSTANDING BETWEEN PEOPLE FROM DIVERSE BACKGROUNDS; (IV) CONDUCTING OR COMMISSIONING RESEARCH ON EQUALITY AND DIVERSITY ISSUES AND PUBLISHING RESULTS TO THE PUBLIC; (V) CULTIVATING A SENTIMENT IN FAVOUR OF EQUALITY AND DIVERSITY.

Area of benefit

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

UNDEFINED. IN PRACTICE LOCAL