MARSH FARM FUTURES

Charity Number: 1138854
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Provide affordable facilities for enterprise/community activities Develop vibrant local economy that creates jobs Improve educational standards offering learning opportunities/experiences Support youth programmes which develop skills and confidence of young people as active decision makers Encourage a healthy, confident community who feel safe Effective partnership working with all sectors

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£735,668

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Donations and legacies £34.19k
Charitable activities £695.58k
Other trading activities £0
Investments £5.90k
Other £0

Total expenditure:
£940,250

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Raising funds £0
Charitable activities £940.25k
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.

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Raising funds and other expenditure £0
Charitable expenditure £940.25k

People

16 Employee(s)

7 Trustee(s)

1 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£100k to £110k 1

Fundraising

No information available

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:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
  • Arts/culture/heritage/science
  • Amateur Sport
  • Environment/conservation/heritage
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
  • Other Charitable Activities
Where the charity operates:
  • Luton

Governance

Registration history:
  • 08 November 2010: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
06853242 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

7 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Amy Nicholls Trustee 31 July 2023
LUTON CULTURAL SERVICES TRUST
Received: On time
Robert Roche Trustee 10 June 2023
None on record
Robert John Goodwin Trustee 29 July 2019
None on record
Stephanie Powers Trustee 02 November 2017
None on record
Annette Margaret White Trustee 25 September 2014
None on record
Bhavesh PATEL Trustee 02 December 2013
None on record
DAVID CREAN Trustee
LUTON IRISH FORUM
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £730.59k £672.17k £3.63m £636.42k £735.67k
Total expenditure £647.31k £601.86k £631.59k £872.58k £940.25k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A £45.63k N/A N/A N/A
Income - Donations and legacies £52.96k £162.19k £3.00m £8.60k £34.19k
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £674.96k £509.56k £427.46k £624.47k £695.58k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £2.68k £419 £98 £3.35k £5.90k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £58.11k £601.86k £631.59k £872.58k £940.25k
Expenditure - Raising funds £589.20k £0 £0 £0 £0
Expenditure - Governance £10.10k £7.68k £11.25k £14.01k £10.70k
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 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £22.45k £15.26k £3.10m £3.09m £3.08m
Long-term investments £4.00k £4.00k £0 £0 £0
Other assets £2.20m £2.30m £2.18m £2.16m £1.82m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £252.48k £274.87k £229.52k £430.00k £288.61k

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 2024 07 January 2025 On Time
Accounts and TAR 31 March 2024 07 January 2025 On Time Download Open in new window
Annual return 31 March 2023 02 February 2024 2 days late
Accounts and TAR 31 March 2023 02 February 2024 2 days late Download Open in new window
Annual return 31 March 2022 31 January 2023 On Time
Accounts and TAR 31 March 2022 31 January 2023 On Time Download Open in new window
Annual return 31 March 2021 27 January 2022 On Time
Accounts and TAR 31 March 2021 11 January 2022 On Time Download Open in new window
Annual return 31 March 2020 29 January 2021 On Time
Accounts and TAR 31 March 2020 29 January 2021 On Time Download Open in new window
Submit annual return Open in new window

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 15 SEPTEMBER 2010

Charitable objects

4.1 THE OBJECTS OF THE COMPANY ARE THE PROMOTION FOR THE BENEFIT OF THE PUBLIC OF REGENERATION IN AREAS OF SOCIAL AND ECONOMIC DEPRIVATION (AND IN PARTICULAR IN THE AREA OF BENEFIT) BY ALL OR ANY OF THE FOLLOWING MEANS: 4.1.1 THE RELIEF OF FINANCIAL HARDSHIP: 4.1.2 THE RELIEF OF UNEMPLOYMENT: 4.1.3 THE ADVANCEMENT OF EDUCATION, TRAINING OR RETRAINING, PARTICULARLY AMONG UNEMPLOYED PEOPLE, AND PROVIDING UNEMPLOYED PEOPLE WITH WORK EXPERIENCE: 4.1.4 THE PROVISION OF FINANCIAL ASSISTANCE, TECHNICAL ASSISTANCE OR BUSINESS ADVICE OR CONSULTANCY IN ORDER TO PROVIDE TRAINING AND EMPLOYMENT OPPORTUNITIES FOR UNEMPLOYED PEOPLE IN CASES OF FINANCIAL OR OTHER CHARITABLE NEED THROUGH HELP: (A) IN SETTING UP THEIR OWN BUSINESS, OR (B) TO EXISTING BUSINESSES: 4.1.5 THE CREATION OF TRAINING AND EMPLOYMENT OPPORTUNITIES BY THE PROVISION OF WORKSPACE, BUILDINGS, AND/OR LAND FOR USE ON FAVOURABLE TERMS: 4.1.6 THE PROVISION OF NEIGHBOURHOOD SERVICES FOR THOSE WHO ARE IN CONDITIONS OF NEED AND THE IMPROVEMENT OF NEIGHBOURHOOD SERVICES IN THE PUBLIC SECTOR OR IN CHARITABLE OWNERSHIP PROVIDED THAT SUCH POWER SHALL NOT EXTEND TO RELIEVING ANY LOCAL AUTHORITIES OR OTHER BODIES OF A STATUTORY DUTY TO PROVIDE OR IMPROVE HOUSING: 4.1.7 THE MAINTENANCE, IMPROVEMENT OR PROVISION OF PUBLIC AMENITIES: 4.1.8 THE PRESERVATION OF BUILDINGS OR SITES OF HISTORIC OR ARCHITECTURAL IMPORTANCE: 4.1.9 THE PROVISION OF RECREATIONAL FACILITIES FOR THE PUBLIC AT LARGE OR THOSE WHO BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, FINANCIAL HARDSHIP OR SOCIAL AND ECONOMIC CIRCUMSTANCES, HAVE NEED OF SUCH FACILITIES: 4.1.10 THE PROTECTION OR CONSERVATION OF THE ENVIRONMENT: 4.1.11 THE PROVISION OF PUBLIC HEALTH FACILITIES AND CHILDCARE: 4.1.12 THE PROMOTION OF PUBLIC SAFETY AND PREVENTION OF CRIME: 4.1.13 SUCH OTHER MEANS AS MAY FROM TIME TO TIME BE DETERMINED SUBJECT TO THE PRIOR WRITTEN CONSENT OF THE CHARITY COMMISSIONERS FOR ENGLAND AND WALES.

Area of benefit

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

UNDEFINED. IN PRACTICE, LOCAL

Contact information

Address:
Futures House
THE MOAKES
MARSH FARM
LUTON
Bedfordshire
LU3 3QB
Phone:
01582512555
Email:
info@marshfarmfutures.co.uk
Website:

www.marshfarmfutures.co.uk Open in new window