ENTERPRISE FOUNDATION

Charity Number: 1151126
Removed charity

Charity overview

Activities - how the charity spends its money

Providing enterprise support for start-up businesses thus enabling individuals to create employment, focussing on giving the disadvantaged an advantage. Focus on providing low cost business accommodation for the most under-represented in our society. Provide small grants in the form of subsidised rent to new start-ups in our Enterprise Centres. Offer support and mentoring for a 3 year term.

Income and expenditure

Data for financial year ending 30 April 2015

Total income:
£801,595

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Donations and legacies £46.31k
Charitable activities £754.54k
Other trading activities £0
Investments £3
Other £738

Total expenditure:
£888,875

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Raising funds £0
Charitable activities £797.59k
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 £91.28k
Charitable expenditure £797.59k

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

What the charity does:
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Economic/community Development/employment
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Buildings/facilities/open Space
  • Provides Advocacy/advice/information
Where the charity operates:
  • Birmingham City
  • Kent
  • Leeds City

Governance

Registration history:
  • 07 March 2013: Standard registration
  • 19 May 2020: Removed (Ceased to exist)
Organisation type:
Charitable company
Other names:

No other names

Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
No policies declared
Land and property:
This charity owns and/or leases land or property

Financial history

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Financial period end date

Income / Expenditure 30/04/2014 30/04/2015
Total gross income £303.50k £801.60k
Total expenditure £211.05k £888.88k
Income from government contracts N/A £0
Income from government grants N/A £0
Income - Donations and legacies N/A £46.31k
Income - Other trading activities N/A £0
Income - Charitable activities N/A £754.54k
Income - Endowments N/A £0
Income - Investment N/A £3
Income - Other N/A £738
Income - Legacies N/A £0
Expenditure - Charitable activities N/A £797.59k
Expenditure - Raising funds N/A N/A
Expenditure - Governance N/A £91.28k
Expenditure - Grants institution N/A £5.02k
Expenditure - Investment management N/A £0
Expenditure - Other N/A £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 30/04/2014 30/04/2015
Own use assets N/A £307.47k
Long-term investments N/A £0
Other assets N/A £76.78k
Defined benefit pension scheme asset or liability N/A £0
Total liabilities N/A £350.30k

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 30 April 2020
Accounts and TAR 30 April 2020
Annual return 30 April 2019
Accounts and TAR 30 April 2019
Annual return 30 April 2018
Accounts and TAR 30 April 2018
Annual return 30 April 2017
Accounts and TAR 30 April 2017

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 INCORPORATED 06/04/2005 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 20/12/2012 AS REGISTERED AT COMPANIES HOUSE ON 22/01/2013 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 01 JUN 2016

Charitable objects

THE OBJECTS OF THE CHARITY ARE, FOR THE PUBLIC BENEFIT: 2.1 THE RELIEF OF UNEMPLOYMENT, IN PARTICULAR BUT NOT EXCLUSIVELY UNEMPLOYMENT AMONGST THOSE WHO ARE DISADVANTAGED BY REASON OF YOUTH, AGE, ILL HEALTH, ETHNICITY, DISABILITY, FINANCIAL HARDSHIP OR OTHER DISADVANTAGE, EX-SERVICEMEN AND WOMEN, EX-OFFENDERS AND CRAFT WORKERS, IN SUCH WAYS AS MAY BE THOUGHT FIT AND INCLUDING BUT NOT LIMITED TO: 2.1.1 THE PROVISION OF LAND AND BUILDINGS AT BELOW MARKET AND/OR SUBSIDISED LEVELS TO EXISTING BUSINESSES TO PROTECT JOBS, ESPECIALLY RETAINING STAFF AND AVOIDING REDUNDANCIES WHEN OTHERWISE JOBS WOULD BE LOST, AND REDUCE UNEMPLOYMENT OR INCREASE JOB OPPORTUNITIES FOR THE UNEMPLOYED, AND START-UP BUSINESSES TO CREATE NEW JOBS, ESPECIALLY FOR THE LONG-TERM UNEMPLOYED AND THE DISADVANTAGED; AND 2.1.2 THE PROVISION OF ADVICE, TRAINING AND ASSISTANCE TO UNEMPLOYED INDIVIDUALS CONCERNING SELF-EMPLOYMENT AND TO EXISTING BUSINESSES TO ENCOURAGE THE CREATION OF NEW JOBS FOR THE UNEMPLOYED, ESPECIALLY THE LONG-TERM UNEMPLOYED AND THE DISADVANTAGED 2.2 THE ADVANCEMENT OF KNOWLEDGE, EDUCATION AND TRAINING IN ALL ASPECTS OF EFFECTIVE SMALL BUSINESS MANAGEMENT, SMALL BUSINESS SUPPORT, WORKSPACE MANAGEMENT, TRADITIONAL CRAFTS AND ARTISAN SKILLS, AND SOCIAL ENTERPRISE AND ITS PUBLIC DISSEMINATION, IN PARTICULAR BUT NOT LIMITED TO THROUGH RESEARCH AND TRAINING IN ITS THEORY AND PRACTICAL APPLICATION THROUGH WORK EXPERIENCE THROUGH ITS OPERATION AND THROUGH GENERAL PUBLICATION; 2.3 THE ADVANCEMENT OF THE ARTS, CULTURE AND HERITAGE THROUGH THE PROMOTION AND PRESERVATION OF TRADITIONAL CRAFTS AND ARTISAN SKILLS AND THE PROVISION OF ADVICE AND SUPPORT TO THOSE WHO PRACTICE SUCH CRAFTS AND SKILLS; 2.4 THE PROMOTION OF THE EFFICIENCY AND EFFECTIVENESS OF CHARITIES AND THE EFFECTIVE USE OF RESOURCES FOR CHARITABLE PURPOSES, IN PARTICULAR BUT NOT LIMITED TO THROUGH PROVIDING SUPPORT AND WORKSPACES, AND PROVIDING ADVICE AND ASSISTANCE TO REDUCE RELIANCE ON DONATIONS AND DIVERSIFY INCOME STREAMS; 2.5 THE ADVANCEMENT OF INDUSTRY, COMMERCE AND ENTERPRISE WHICH: (A) RELIEVES POVERTY; (B) RELIEVES UNEMPLOYMENT; (C) ADVANCES HEALTH; (D) ADVANCES ENVIRONMENTAL PROTECTION OR IMPROVEMENT AND SUSTAINABLE DEVELOPMENT; AND (E) ADVANCES CITIZENSHIP OR COMMUNITY DEVELOPMENT. SUSTAINABLE DEVELOPMENT? MEANS DEVELOPMENT THAT MEETS THE NEEDS OF THE PRESENT WITHOUT COMPROMISING THE ABILITY OF FUTURE GENERATIONS TO MEET THEIR OWN NEEDS. 2.6 THE SUPPORT OF SUCH OTHER CHARITABLE PURPOSES AS THE TRUSTEES IN THEIR DISCRETION THINK FIT, SUBJECT TO APPROVAL BY A RESOLUTION OF THE MEMBERS.

Area of benefit

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

NATIONAL