SKILL QUEST TRUST LTD

Charity number: 1144405
Removed charity

Charity overview

Activities - how the charity spends its money

IN LIQUIDATION

Income and expenditure

Data for financial year ending 31 August 2013

Total income:
£955,773

Text alternative for this canvas graphic is in the data table below.
Donations and legacies £63.84k
Charitable activities £732.30k
Other trading activities £0
Investments £5
Other £159.63k

Total expenditure:
£971,637

Text alternative for this canvas graphic is in the data table below.
Raising funds £0
Charitable activities £929.00k
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 £42.64k
Charitable expenditure £929.00k

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • Education/training
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • Other Defined Groups
How the charity helps:
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout Wales

Governance

Registration history:
  • 24 October 2011: Standard registration
  • 26 June 2017: Removed (Ceased to exist)
Organisation type:
Charitable company
Other names:
  • SOLENT EBP (Working name)
  • SOLENT SKILL QUEST LTD (Previous name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

" role="img"> Text alternative for this canvas graphic is in the data table below.

Financial period end date

Income / Expenditure 31/08/2012 31/08/2013
Total gross income £811.84k £955.77k
Total expenditure £815.70k £971.64k
Income from government contracts N/A N/A
Income from government grants N/A N/A
Income - Donations and legacies £51.87k £63.84k
Income - Other trading activities £0 £0
Income - Charitable activities £759.98k £732.30k
Income - Endowments £0 £0
Income - Investment £0 £5
Income - Other £0 £159.63k
Income - Legacies £0 £0
Expenditure - Charitable activities £807.55k £929.00k
Expenditure - Raising funds N/A N/A
Expenditure - Governance £8.15k £42.64k
Expenditure - Grants institution £0 £0
Expenditure - Investment management £0 £0
Expenditure - Other £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.

" role="img"> Text alternative for this canvas graphic is in the data table below.
Asset / Liability 31/08/2012 31/08/2013
Own use assets £21.63k £23.64k
Long-term investments £0 £0
Other assets £178.21k £245.60k
Defined benefit pension scheme asset or liability £0 £0
Total liabilities £197.49k £282.77k

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 2016
Accounts and TAR 31 August 2016
Annual return 31 August 2015
Accounts and TAR 31 August 2015
Annual return 31 August 2014 Not submitted
Accounts and TAR 31 August 2014 Not submitted
Annual return 31 August 2013 14 July 2014 14 days late
Accounts and TAR 31 August 2013 14 July 2014 14 days late

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 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 06/09/2001 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 20/10/2011 INCORPORATED 06/10/1997 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 08/02/2013

Charitable objects

FOR THE PUBLIC BENEFIT TO ADVANCE AND PROMOTE THE EFFECTIVE EDUCATION OF YOUNG PEOPLE AND ADULTS IN SUCH WAYS AS THE CHARITY TRUSTEES THINK FIT, INCLUDING BY: 1) COLLABORATING WITH LOCAL BUSINESSES AND BUSINESS ORGANISATIONS IN ENGLAND AND WALES; 2) THE PROVISION OF TRAINING PROGRAMMES AND COURSES , WORKSHOPS, CONFERENCES, INSTRUCTIONS AND OTHER FACILITIES FOR THE TRAINING AND EDUCATION OF YOUNG PEOPLE AND ADULTS; 3) THE PROVISION OF A FRAMEWORK FOR BRINGING TOGETHER LOCAL BUSINESS AND EDUCATION INITIATIVES; 4) PROVIDING OR ASSISTING IN THE PROVISION OF BETTER COMMUNICATIONS BETWEEN PERSONS ENGAGED IN EDUCATION AND THOSE ENGAGED IN BUSINESS; 5) IN PARTNERSHIP WITH SCHOOLS, COLLEGES AND OTHER EDUCATIONAL ESTABLISHMENTS TO PROVIDE AND ASSIST IN THE PROVISION OF MEANS WHEREBY THOSE ENGAGED IN BUSINESS CAN BE ASSISTED IN IDENTIFYING AND COMMUNICATING MORE CLEARLY THEIR NEEDS IN THE EDUCATION OF YOUNG PEOPLE AND ADULTS; 6) IN PARTNERSHIP WITH SCHOOLS, COLLEGES AND OTHER EDUCATIONAL ESTABLISHMENTS TO PROVIDE OR ASSIST IN THE PROVISION OF MEANS FOR THE INCREASE OF THE KNOWLEDGE AND UNDERSTANDING OF THOSE ENGAGED IN BUSINESS AND OF THE WORK OF EDUCATION ESTABLISHMENTS; 7) ENTERING INTO AGREEMENTS WITH AND ACTING AS AGENTS FOR THE ORGANISATIONS INVOLVED IN TRAINING, EDUCATION OR EDUCATION BUSINESS PARTNERSHIPS, WORK EXPERIENCE, CAREERS EDUCATION, INFORMATION, ADVICE AND GUIDANCE, BUSINESS MENTORING, VISITS TO EMPLOYER PREMISES, WORK RELATED LEARNING, ENTERPRISE ACTIVITIES AND EDUCATIONAL RESEARCH.