THE TECH PARTNERSHIP

Charity Number: 1161311
Removed charity

Charity overview

Activities - how the charity spends its money

Information on the charity's activities is not available.

Income and expenditure

Data for financial year ending 31 March 2017

Total income:
£2,452,657

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Donations and legacies £0
Charitable activities £2.20m
Other trading activities £252.32k
Investments £4.37k
Other £0

Total expenditure:
£3,431,169

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Raising funds £0
Charitable activities £3.24m
Other £189.18k

£0 investments gains (losses)

Total income includes £848,290 from government contract(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 £189.18k
Charitable expenditure £3.24m

Fundraising

This charity does not raise funds from the public

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
  • Other Charitable Purposes
Who the charity helps:
  • Children/young People
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 17 April 2015: Standard registration
  • 14 September 2019: Removed (Does not operate)
Organisation type:
Charitable company
Other names:
  • E-SKILLS UK; THE TECH INDUSTRY PARTNERSHIP (Working name)
  • THE TECH PARTNERSHIP (Previous name)
  • THE TECH PARTNERSHIP LIMITED (Previous name)
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
Land and property:
This charity owns and/or leases land or property

Financial history

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Financial period end date

Income / Expenditure 31/03/2016 31/03/2017
Total gross income £7.15m £2.45m
Total expenditure £5.54m £3.43m
Income from government contracts £5.69m £848.29k
Income from government grants £0 £0
Income - Donations and legacies £0 £0
Income - Other trading activities £64.44k £252.32k
Income - Charitable activities £7.09m £2.20m
Income - Endowments £0 £0
Income - Investment £2.52k £4.37k
Income - Other £0 £0
Income - Legacies £0 £0
Expenditure - Charitable activities £5.54m £3.24m
Expenditure - Raising funds £0 £0
Expenditure - Governance £48.36k £86.17k
Expenditure - Grants institution £0 £0
Expenditure - Investment management £0 £0
Expenditure - Other £0 £189.18k

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 31/03/2016 31/03/2017
Own use assets £16.52k £268.08k
Long-term investments £1 £1
Other assets £7.79m £4.87m
Defined benefit pension scheme asset or liability £0 £0
Total liabilities £2.97m £1.28m

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 September 2018 Not submitted
Accounts and TAR 30 September 2018 Not submitted
Annual return 31 March 2017 08 January 2018 On Time
Accounts and TAR 31 March 2017 08 January 2018 On Time
Annual return 31 March 2016 12 January 2017 On Time
Accounts and TAR 31 March 2016 12 January 2017 On Time

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 16 JUN 2000 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 17 MAR 2015 AS REGISTERED AT COMPANIES HOUSE ON 13 APR 2015 AS AMENDED BY ORDER DATED 27 JUN 2016

Charitable objects

THE OBJECTS FOR WHICH THE CHARITY IS ESTABLISHED ARE: A. TO ADVANCE EDUCATION AND TRAINING AND TO PROMOTE COMMERCE AND INDUSTRY, IN PARTICULAR THE INFORMATION TECHNOLOGY AND DIGITAL INDUSTRIES AND INFORMATION AND TECHNOLOGY AND DIGITAL ASPECTS OF COMMERCE AND INDUSTRY GENERALLY (TOGETHER REFERRED TO AS “THE SECTOR”), FOR THE PUBLIC BENEFIT BY: 1. PROMOTING AND ADVANCING THE TRAINING AND EDUCATION OF CHILDREN AND YOUNG PEOPLE IN GENERAL, AND OF PEOPLE OF ANY AGE WHO ARE EMPLOYED OR INTENDING TO BE EMPLOYED IN THE SECTOR, INCLUDING IDENTIFYING TRAINING NEEDS, DEVELOPING APPRENTICESHIPS, QUALIFICATIONS, EDUCATIONAL PROGRAMMES AND RELATED OCCUPATIONAL STANDARDS AND COMPETENCY FRAMEWORKS; 2. TAKING STEPS TO ALLEVIATE ANY SKILLS GAPS AND ANTICIPATE FUTURE TRAINING NEEDS WITHIN THE SECTOR; 3. PROMOTING DIVERSITY AND GENDER EQUALITY, AND IN PARTICULAR THE TRAINING AND PARTICIPATION OF WOMEN AND OTHER UNDERREPRESENTED GROUPS, IN THE SECTOR; 4. PROMOTING RESEARCH INTO SKILL LEVELS AND SKILLS REQUIREMENTS WITHIN THE SECTOR AND THE PUBLICATION OF THE USEFUL RESULTS OF THAT RESEARCH FOR THE PUBLIC BENEFIT. B. TO FURTHER SUCH OTHER OBJECTS, AS SHALL BE EXCLUSIVELY CHARITABLE UNDER THE LAW OF ENGLAND AND WALES, AS THE TRUSTEES SHALL DECIDE