CARETECH CHARITABLE FOUNDATION

Charity number: 1182567
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Foundation is an independent grant-making body whose work is currently focused on the following three key objectives: 1) Physical and learning disabilities and mental health 2) Skills development for the care sector 3) Supporting local communities

Income and expenditure

Data for financial year ending 30 September 2023

Total income:
£1,780,615

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Donations and legacies £1.64m
Charitable activities £0
Other trading activities £0
Investments £137.55k
Other £0

Total expenditure:
£2,306,622

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Raising funds £273.24k
Charitable activities £2.03m
Other £0

£58,184 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 £273.24k
Charitable expenditure £2.03m

People

8 Employee(s)

9 Trustee(s)

10 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£70k to £80k 1

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
  • Disability
  • The Prevention Or Relief Of Poverty
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
Where the charity operates:
  • Throughout England And Wales
  • Bangladesh
  • Pakistan

Governance

Registration history:
  • 21 March 2019: Standard registration
  • 21 May 2019: Funds received from 1173154 CARETECH CHARITABLE FOUNDATION
Organisation type:
Charitable company
Other names:
  • CARETECH FOUNDATION (Working name)
Company number:
11651094 Open in new window
Gift aid:
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
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
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

9 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
HAROON RASHID SHEIKH Chair 30 October 2018
THE COSARAF CHARITABLE FOUNDATION
Received: On time
Victoria Bouamama RN Trustee 19 July 2023
None on record
Richard Leslie Kramer Trustee 17 May 2023
None on record
Helen Claire Burton Trustee 17 May 2023
None on record
Hamza Rashid Sheikh Trustee 13 July 2021
None on record
Christopher Dickinson Trustee 17 September 2019
None on record
Jessica Taplin Trustee 17 September 2019
None on record
Navshir Jaffer Trustee 17 September 2019
THE MUSLIM COUNCIL OF BRITAIN CHARITABLE FOUNDATION
Received: On time
FAROUQ RASHID SHEIKH OBE Trustee 30 October 2018
THE COSARAF CHARITABLE FOUNDATION
Received: On time

Financial history

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Financial period end date

Income / Expenditure 30/09/2019 30/09/2020 30/09/2021 30/09/2022 30/09/2023
Total gross income £418.15k £4.95m £1.44m £2.38m £1.78m
Total expenditure £346.18k £659.54k £945.26k £2.43m £2.31m
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 N/A £4.95m £1.31m £2.24m £1.64m
Income - Other trading activities N/A £0 £0 £0 £0
Income - Charitable activities N/A £0 £0 £0 £0
Income - Endowments N/A £0 £0 £0 £0
Income - Investment N/A £0 £127.50k £141.00k £137.55k
Income - Other N/A £0 £0 £0 £0
Income - Legacies N/A £0 £0 £0 £0
Expenditure - Charitable activities N/A £659.54k £945.26k £2.28m £2.03m
Expenditure - Raising funds N/A £0 £0 £150.35k £273.24k
Expenditure - Governance N/A £16.40k £8.61k £10.61k £19.43k
Expenditure - Grants institution N/A £418.13k £525.04k £1.94m £1.27m
Expenditure - Investment management N/A £0 £0 £0 £0
Expenditure - Other N/A £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 30/09/2019 30/09/2020 30/09/2021 30/09/2022 30/09/2023
Own use assets N/A £0 £0 £624 £8.75k
Long-term investments N/A £4.30m £6.41m £1.77m £7.08m
Other assets N/A £280.51k £839.48k £7.76m £1.91m
Defined benefit pension scheme asset or liability N/A £0 £0 £0 £0
Total liabilities N/A £84.26k £150.90k £1.46m £1.50m

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 2023 17 April 2024 On Time
Accounts and TAR 30 September 2023 17 April 2024 On Time Download Open in new window
Annual return 30 September 2022 06 March 2023 On Time
Accounts and TAR 30 September 2022 06 March 2023 On Time Download Open in new window
Annual return 30 September 2021 11 February 2022 On Time
Accounts and TAR 30 September 2021 11 February 2022 On Time Download Open in new window
Annual return 30 September 2020 12 March 2021 On Time
Accounts and TAR 30 September 2020 12 March 2021 On Time Download Open in new window
Annual return 30 September 2019 19 March 2020 On Time
Accounts and TAR 30 September 2019 19 March 2020 On Time Download Open in new window
Submit annual return Open in new window

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 30 OCT 2018 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 18 MAR 2019 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 21 APR 2020

Charitable objects

THE OBJECTS OF THE CHARITY ARE FOR THE PUBLIC BENEFIT: 1. TO PROMOTE THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF PEOPLE WITH SPECIAL NEEDS AND PEOPLE IN NEED BY REASON OF ILL-HEALTH, DISABILITY, FINANCIAL HARDSHIP OR OTHER SIMILAR DISADVANTAGE ANYWHERE IN THE WORLD, BY AWARDING TO SUCH PERSONS SCHOLARSHIPS, MAINTENANCE ALLOWANCES OR GRANTS: A. TO UNDERWRITE THE COST OF ATTENDING ANY TENABLE PLACE OF LEARNING; B. TO PREPARE FOR ENTRY INTO ANY OCCUPATION, TRADE OR PROFESSION; C. TO ASSIST IN DEVELOPING THEIR MENTAL, PHYSICAL AND MORAL CAPABILITIES INCLUDING ASSISTANCE TO FIND EMPLOYMENT; OR D. TO DEVELOP THE COMPETENCIES AND LIFE SKILLS OF PEOPLE PRECLUDED FROM OBTAINING ANY FORM OF EMPLOYMENT BY VIRTUE OF THEIR IMPAIRED MENTAL OR PHYSICAL CAPACITIES; 2. TO RELIEVE THE PHYSICAL AND MENTAL ILLNESS OF PERSONS ANYWHERE IN THE WORLD IN NEED, IN PARTICULAR BY THE PROVISION OF COUNSELLING AND SUPPORT; 3. TO PROVIDE SUPPORT AND ACTIVITIES WHICH DEVELOP THE SKILLS, CAPACITIES AND CAPABILITIES OF PEOPLE OF ANY AGE ANYWHERE IN THE WORLD WHO MIGHT OTHERWISE BE UNABLE TO ACCESS SUCH SUPPORT AND ACTIVITIES BY REASON OF ILL-HEALTH, DISABILITY, FINANCIAL HARDSHIP OR SOCIAL BARRIERS SUCH AS DISCRIMINATION WITH A VIEW TO EQUIPPING THEM TO PARTICIPATE IN SOCIETY AS MATURE AND RESPONSIBLE INDIVIDUALS; 4. TO RELIEVE FINANCIAL NEED AND SUFFERING AMONG VICTIMS ANYWHERE IN THE WORLD OF WAR OR NATURAL DISASTER, TROUBLE, OR CATASTROPHE IN THE FORM OF: A. MONEY (OR OTHER MEANS DEEMED SUITABLE) FOR PERSONS, BODIES, ORGANISATIONS AND/OR COUNTRIES AFFECTED; OR B. THE SUPPLY OF MEDICAL AID TO SUCH PERSONS; TO PREVENT OR RELIEVE POVERTY ANYWHERE IN THE WORLD BY PROVIDING OR ASSISTING IN THE PROVISIONS OF EDUCATION, TRAINING, HEALTHCARE PROJECTS AND THE NECESSARY SUPPORT DESIGNED TO ENABLE INDIVIDUALS TO GENERATE A SUSTAINABLE INCOME AND BE SELF-SUFFICIENT; AND 5. TO ADVANCE SUCH OTHER CHARITABLE OBJECTS OR PURPOSES AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE.

Contact information

Address:
Caretech Charitable Foundation
Metropolitan House
3 Darkes Lane
POTTERS BAR
EN6 1AG
Phone:
01707601800
Email:
info@caretechfoundation.org.uk
Website:

www.caretechfoundation.org.uk Open in new window