SEVERNSIDE HOUSING

Charity number: 1166317
Removed charity

Charity overview

Activities - how the charity spends its money

We are a provider of social housing operating principally in the county of Shropshire. As well being a landlord, we provide ancillary support services for our tenants and customers which includes working with local communities, promoting personal wellbeing and helping families and individuals to enhance their life chances and economic circumstances.

Income and expenditure

Data for financial year ending 31 March 2018

Total income:
£30,094,000

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Donations and legacies £0
Charitable activities £28.90m
Other trading activities £0
Investments £0
Other £1.20m

Total expenditure:
£17,432,000

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Raising funds £0
Charitable activities £17.32m
Other £112.00k

£32,000 investments gains (losses)

Total income includes £847,500 from 1 government grant(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 £112.00k
Charitable expenditure £17.32m
Retained for future use £12.66m

Fundraising

This charity does not raise funds from the public

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

One or more trustees receive payments or benefits from the charity for being a trustee.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • Disability
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
  • Environment/conservation/heritage
  • Economic/community Development/employment
  • Recreation
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Other Finance
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
  • Other Charitable Activities
Where the charity operates:
  • Cheshire East
  • Cheshire West & Chester
  • Herefordshire
  • Shropshire
  • Staffordshire
  • Telford & Wrekin
  • Worcestershire

Governance

Registration history:
  • 01 April 2016: Standard registration
  • 25 April 2019: Removed (Ceased to be charitable)
Organisation type:
Charitable company
Other names:

No other names

Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
Land and property:
This charity owns and/or leases land or property

Financial history

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Financial period end date

Income / Expenditure 31/03/2017 31/03/2018
Total gross income £30.96m £6.79m
Total expenditure £26.26m £17.43m
Income from government contracts £412.28k N/A
Income from government grants £0 £847.50k
Income - Donations and legacies £0 £0
Income - Other trading activities £0 £0
Income - Charitable activities £29.87m £28.90m
Income - Endowments £0 £0
Income - Investment £168.81k £0
Income - Other £929.21k £1.20m
Income - Legacies £0 £0
Expenditure - Charitable activities £26.26m £17.32m
Expenditure - Raising funds £0 £0
Expenditure - Governance £40.57k £0
Expenditure - Grants institution £0 £0
Expenditure - Investment management £0 £0
Expenditure - Other £0 £112.00k

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 31/03/2017 31/03/2018
Own use assets £164.03m £156.72m
Long-term investments £0 £14.82m
Other assets £6.67m £4.49m
Defined benefit pension scheme asset or liability -£13.07m £11.75m
Total liabilities £151.63m £159.26m

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 2019 Not submitted
Accounts and TAR 31 March 2019 Not submitted
Annual return 31 March 2018 22 February 2019 22 days late
Accounts and TAR 31 March 2018 22 February 2019 22 days late
Annual return 31 March 2017 31 January 2018 On Time
Accounts and TAR 31 March 2017 31 January 2018 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 01 APR 2016

Charitable objects

3.1 SAVE THAT THE COMPANY SHALL NOT TRADE FOR PROFIT, THE COMPANY IS ESTABLISHED WITH THE FOLLOWING CHARITABLE OBJECTS (?THE OBJECTS?): 3.1.1 TO PROVIDE HOUSES OR HOSTELS AND ANY ASSOCIATED AMENITIES AND SERVICES, INCLUDING THE PROVISION OF SOCIAL HOUSING AND AFFORDABLE RENTED ACCOMMODATION, FOR PERSONS IN NECESSITOUS CIRCUMSTANCES UPON THE TERMS APPROPRIATE TO THEIR MEANS; 3.1.2 TO PROVIDE FOR AGED, DISABLED OR CHRONICALLY SICK PERSONS IN NEED THEREOF HOUSES OR HOSTELS AND ANY ASSOCIATED AMENITIES AND SERVICES SPECIALLY DESIGNED OR ADAPTED TO MEET THE DISABILITIES AND REQUIREMENTS OF SUCH PERSONS; 3.1.3 TO PROVIDE SERVICES, ADVICE OR ASSISTANCE UPON TERMS APPROPRIATE TO THEIR MEANS TO AGED, DISABLED OR CHRONICALLY SICK PERSONS IN NEED THEREOF AND PROVIDE ANY ASSOCIATED AMENITIES SPECIALLY DESIGNED OR ADAPTED TO MEET THE DISABILITIES AND REQUIREMENTS OF SUCH PERSONS; 3.1.4 TO PROVIDE RECREATION OR OTHER LEISURE FACILITIES IN THE INTEREST OF SOCIAL WELFARE WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE RESIDENTS OF THE LOCAL AUTHORITY AREA IN WHICH THE COMPANY OWNS OR MANAGES HOUSING STOCK AND NEIGHBOURING AREAS; 3.1.5 TO RELIEVE POVERTY AMONGST THE RESIDENTS OF THE LOCAL AUTHORITY AREA IN WHICH THE COMPANY OWNS OR MANAGES HOUSING STOCK AND NEIGHBOURING AREAS; 3.1.6 THE ADVANCEMENT OF EDUCATION, TRAINING OR RETRAINING, PARTICULARLY AMONG UNEMPLOYED PEOPLE AND PROVIDING UNEMPLOYED PEOPLE WITH WORK EXPERIENCE; 3.1.7 THE ADVANCEMENT OF EDUCATION THROUGH THE PROVISION OF STUDENT WELFARE OR STUDENT ACCOMMODATION; 3.1.8 THE PROMOTION FOR THE PUBLIC BENEFIT OF URBAN OR RURAL REGENERATION IN AREAS OF SOCIAL AND ECONOMIC DEPRIVATION (AND IN PARTICULAR IN AREAS IN WHICH THE COMPANY OWNS OR MANAGES HOUSING STOCK) BY ALL OR ANY OF THE FOLLOWING MEANS: 3.1.8.1 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: I) IN SETTING UP THEIR OWN BUSINESS; OR II) TO EXISTING BUSINESSES 3.1.8.2 THE CREATION OF TRAINING AND EMPLOYMENT OPPORTUNITIES BY THE PROVISION OF WORKSPACE, BUILDINGS, AND/OR LAND FOR USE ON FAVOURABLE TERMS, 3.1.8.3 THE MAINTENANCE, IMPROVEMENT OR PROVISION OF PUBLIC AMENITIES, 3.1.8.4 THE PRESERVATION OF BUILDINGS OR SITES OF HISTORIC OR ARCHITECTURAL IMPORTANCE, 3.1.8.5 THE PROTECTION OR CONSERVATION OF THE ENVIRONMENT, 3.1.8.6 THE PROVISION OF PUBLIC HEALTH FACILITIES AND CHILDCARE, 3.1.8.7 THE PROMOTION OF PUBLIC SAFETY AND PREVENTION OF CRIME, 3.1.8.8 SUCH OTHER MEANS AS MAY FROM TIME TO TIME BE DETERMINED SUBJECT TO THE PRIOR WRITTEN CONSENT OF THE CHARITY COMMISSION FOR ENGLAND AND WALES. 3.1.9 TO ASSIST AND PROVIDE SERVICES TO ANY OTHER CHARITY OR NON-PROFIT MAKING BODY IN RELATION TO HOUSING AND RELATED SERVICES AND AMENITIES; 3.1.10 TO CARRY OUT ANY OTHER CHARITABLE OBJECT THAT CAN BE CARRIED OUT BY A CHARITY REGISTERED WITH THE CHARITY COMMISSION FOR ENGLAND AND WALES AND A PROVIDER OF SOCIAL HOUSING REGISTERED WITH THE REGULATOR.