MARKET HARBOROUGH AND THE BOWDENS CHARITY

Charity number: 1157787
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

FROM 1 JUNE 17, THE CHARITY MAKES, WITHIN A SPECIFIED AREA OF BENEFIT, CHARITABLE DONATIONS FOR THE GENERAL BENEFIT OF THE COMMUNITY AND DONATIONS TO INDIVIDUALS TO ASSIST WITH FURTHER EDUCATION, AND TO RELIEVE NEED, HARDSHIP & DISTRESS. IT ALSO PROVIDES ALLOTMENTS AND FUNDS FOR THE MAINTENANCE AND REPAIR OF THE OLD GRAMMAR SCHOOL AND THE FABRIC OF THE PARISH CHURCH OF GREAT BOWDEN.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£546,523

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Donations and legacies £425
Charitable activities £99.04k
Other trading activities £0
Investments £446.95k
Other £109

Total expenditure:
£656,163

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Raising funds £28.96k
Charitable activities £627.21k
Other £0

£736,423 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 £28.96k
Charitable expenditure £627.21k

People

3 Employee(s)

14 Trustee(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

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

Main way of carrying out purposes is grant making
What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
  • Arts/culture/heritage/science
  • Amateur Sport
  • Environment/conservation/heritage
  • Recreation
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Other Finance
  • Provides Buildings/facilities/open Space
Where the charity operates:
  • Leicestershire

Governance

Registration history:
  • 09 July 2014: CIO registration
  • 11 September 2017: Funds received from 1041958 MARKET HARBOROUGH AND THE BOWDENS CHARITY
  • 23 August 2019: Funds received from 501363 MARKET HARBOROUGH MUSICAL THEATRE
Organisation type:
CIO
Other names:

No other names

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
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
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

14 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
JOHN FEAVYOUR QPM Chair 25 November 2014
ADAM MUGRIDGE MEMORIAL FUND
Received: On time
HARBOROUGH COMMUNITY BUS
Received: On time
HOWARD WATSON SYMINGTON MEMORIAL CHARITY
Received: On time
John Richardson Trustee 09 October 2024
None on record
Edmund Green Trustee 18 September 2023
None on record
Antony Walters Trustee 31 August 2023
MEDBOURNE PLAYGROUP
Received: On time
Susan Berridge Trustee 31 August 2023
JUBILEE FOODBANK MARKET HARBOROUGH
Received: On time
Rohini Corfield Trustee 31 August 2023
None on record
Chris Davies Trustee 25 February 2021
None on record
LINDA KVATCH Trustee 29 August 2019
None on record
KERRY MERRYWEATHER Trustee 30 May 2019
None on record
Dr Sarah Hill Trustee 30 May 2019
HARBOROUGH TWENTY 12 LIONS CLUB (CIO)
Received: On time
HOWARD WATSON SYMINGTON MEMORIAL CHARITY
Received: On time
ARTS FRESCO LTD
Received: On time
JENNIFER ANN BALME Trustee 22 February 2018
None on record
GEOFF BUXTON Trustee 01 January 2017
None on record
GORDON KELLIE Trustee 01 January 2017
None on record
Professor William Jones Trustee 09 July 2014
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £766.46k £656.28k £679.68k £696.70k £546.52k
Total expenditure £892.54k £984.64k £862.33k £957.36k £656.16k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £9.15k £90 £4.37k £1.96k £425
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £98.34k £102.11k £118.00k £115.73k £99.04k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £658.85k £554.07k £557.31k £578.91k £446.95k
Income - Other £123 £13 £384.54k £108 £109
Income - Legacies £0 £0 £0 £510 £0
Expenditure - Charitable activities £804.89k £901.90k £763.35k £872.90k £627.21k
Expenditure - Raising funds £87.65k £82.74k £98.98k £84.46k £28.96k
Expenditure - Governance £37.45k £21.90k £27.36k £22.68k £24.04k
Expenditure - Grants institution £396.55k £518.05k £347.34k £462.06k £181.05k
Expenditure - Investment management £78.31k £79.40k £97.20k £84.27k £20.51k
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 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £2.70m £2.00m £1.95m £1.90m £1.95m
Long-term investments £18.29m £18.00m £19.75m £18.36m £19.28m
Other assets £438.26k £409.77k £723.69k £588.62k £431.77k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £85.96k £66.71k £76.28k £94.19k £52.90k

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 30 October 2024 On time
Accounts and TAR 31 December 2023 30 October 2024 On time
Annual return 31 December 2022 30 October 2023 On time
Accounts and TAR 31 December 2022 30 October 2023 On time
Annual return 31 December 2021 04 October 2022 On time
Accounts and TAR 31 December 2021 04 October 2022 On time
Annual return 31 December 2020 29 October 2021 On time
Accounts and TAR 31 December 2020 29 October 2021 On time
Annual return 31 December 2019 30 October 2020 On time
Accounts and TAR 31 December 2019 30 October 2020 On time
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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.

CIO - FOUNDATION REGISTERED 09 JUL 2014 AMENDED ON 21 JUN 2017 as amended on 30 Aug 2022 as amended on 01 Jun 2023

Charitable objects

(A) SUCH CHARITABLE PURPOSES FOR THE GENERAL BENEFIT OF THE INHABITANTS OF THE AREA OF BENEFIT AS THE CHARITY TRUSTEES THINK FIT FOR WHICH PROVISION IS NOT MADE OUT OF RATES, TAXES OR OTHER PUBLIC FUNDS, AND (B) RELIEF IN NEED ? I.E. THE RELIEF EITHER GENERALLY OR INDIVIDUALLY OF RESIDENTS IN THE AREA OF BENEFIT WHO ARE IN CONDITIONS OF NEED, HARDSHIP OR DISTRESS, BUT NOT DIRECTLY IN RELIEF OF RATES, TAXES OR OTHER PUBLIC FUNDS. IN EXCEPTIONAL CIRCUMSTANCES THE CHARITY TRUSTEES MAY GRANT RELIEF TO INDIVIDUALS OTHERWISE ELIGIBLE WHO ARE RESIDENT IMMEDIATELY OUTSIDE THE AREA OF BENEFIT, AND (C) EDUCATION - THE PROVISION OF FINANCIAL HELP TO ENABLE SUITABLE APPLICANTS OVER THE AGE OF 16 AND RESIDENT IN THE AREA OF BENEFIT TO UNDERTAKE PROGRAMMES OF STUDY IN FURTHER OR HIGHER EDUCATION, OR TRAINING TOWARDS A VOCATIONAL QUALIFICATION, WHICH THEY WOULD OTHERWISE BE LESS ABLE TO AFFORD, AND (D) THE MAINTENANCE AND REPAIR OF THE FABRIC OF THE PARISH CHURCH OF THE ECCLESIASTICAL PARISH OF ST. PETER AND ST. PAUL, GREAT BOWDEN, PROVIDED THAT THE CHARITY TRUSTEES MUST NOT APPLY MORE THAN 20% OF THE CIO?S INCOME IN THIS WAY IN ANY THREE YEAR PERIOD. AND THE AREA OF BENEFIT REFERENCED IN SUB-CLAUSES (A), (B) AND (C) OF THIS CLAUSE SHALL BE THE URBAN AREA OF LEICESTERSHIRE CENTRED ON MARKET HARBOROUGH, GREAT BOWDEN AND LITTLE BOWDEN.

Contact information

Address:
10 Fairfield Road
Market Harborough
LE16 9QQ
Phone:
01858419128
Email:
secretary1@mhbcharity.co.uk
Website:

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