FOUNDATION

Charity number: 515517
Removed charity

Charity overview

Activities - how the charity spends its money

Foundation exists to end social exclusion through the provision of supported housing and other services. We work together with our customers and partners to provide opportunities for change, development and achievement.

Income and expenditure

Data for financial year ending 31 March 2023

Total income:
£10,937,175

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Donations and legacies £118.35k
Charitable activities £10.80m
Other trading activities £0
Investments £9.65k
Other £11.18k

Total expenditure:
£11,363,370

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Raising funds £4.25k
Charitable activities £11.29m
Other £64.40k

-£46,706 investments gains (losses)

Total income includes £4,536,863 from 19 government contract(s) and £201,453 from 4 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 £68.65k
Charitable expenditure £11.29m

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

What the charity does:
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
Who the charity helps:
  • Children/young People
  • Other Defined Groups
How the charity helps:
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Throughout England

Governance

Registration history:
  • 04 September 1984: Standard registration
  • 14 October 2024: Removed (Exempt charity)
Organisation type:
Charitable company
Other names:
  • FOUNDATION HOUSING (Previous name)
  • TIMBLE HOUSING PROJECT (Previous name)
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
  • 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

Financial history

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Financial period end date

Income / Expenditure 31/03/2019 31/03/2020 31/03/2021 31/03/2022 31/03/2023
Total gross income £10.45m £10.25m £10.99m £11.52m £10.94m
Total expenditure £10.25m £9.82m £10.62m £11.50m £11.36m
Income from government contracts £5.19m £4.42m £5.09m £5.96m £4.54m
Income from government grants N/A N/A £42.89k £282.10k £201.45k
Income - Donations and legacies £438 £40.00k £58.68k £104.01k £118.35k
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £10.38m £10.14m £10.92m £11.40m £10.80m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £15.87k £16.00k £9.64k £6.71k £9.65k
Income - Other £59.81k £50.00k £6.85k £10.82k £11.18k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £10.24m £9.71m £10.57m £11.29m £11.29m
Expenditure - Raising funds £0 £5.00k £4.35k £4.35k £4.25k
Expenditure - Governance £146.00k £49.00k £129.91k £124.16k £85.28k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £1.00k £1.00k £0 £4.25k
Expenditure - Other £9.20k £103.00k £46.40k £208.46k £64.40k

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 31/03/2019 31/03/2020 31/03/2021 31/03/2022 31/03/2023
Own use assets £919.00k £862.00k £841.25k £993.93k £966.75k
Long-term investments £0 £0 £0 £671.50k £0
Other assets £2.80m £2.79m £3.18m £2.38m £2.10m
Defined benefit pension scheme asset or liability -£3.97m -£1.48m -£3.06m -£1.89m -£1.91m
Total liabilities £1.32m £1.17m £1.46m £1.78m £1.66m

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 2024 Not submitted
Accounts and TAR 31 March 2024 Not submitted
Annual return 31 March 2023 22 December 2023 On Time
Accounts and TAR 31 March 2023 22 December 2023 On Time
Annual return 31 March 2022 26 January 2023 On Time
Accounts and TAR 31 March 2022 26 January 2023 On Time
Annual return 31 March 2021 31 January 2022 On Time
Accounts and TAR 31 March 2021 31 January 2022 On Time
Annual return 31 March 2020 27 January 2021 On Time
Accounts and TAR 31 March 2020 27 January 2021 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 OF ASSOCIATION INCORPORATED 29 JUNE 1984, AS AMENDED 18 OCTOBER 1989, 1 DECEMBER 1995, 16 MARCH 1999 AND 8 NOVEMBER 2005. AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 17 JAN 2012 AS AMENDED ON 08 NOV 2018 AS AMENDED ON 01 APR 2019 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 19 SEP 2024

Charitable objects

THE OBJECTS ARE SPECIFICALLY RESTRICTED TO ADVANCING SUCH PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE UNDER THE LAWS OF ENGLAND AND WALES, AS THE TRUSTEES SHALL IN THEIR ABSOLUTE DISCRETION DETERMINE, FOR THE PUBLIC BENEFIT, AND IN PARTICULAR (BUT NOT EXCLUSIVELY) FOR THOSE IN NEED DUE TO THEIR AGE, HOUSING NEED, AND/OR MENTAL OR PHYSICAL ILLNESS, INCLUDING (BUT NOT LIMITED TO): 3.1 THE PREVENTION OR RELIEF OF POVERTY, FINANCIAL HARDSHIP OR OTHER CHARITABLE NEED (INCLUDING, BUT NOT LIMITED TO, THROUGH THE PROVISION OF SOCIAL HOUSING); 3.2 THE RELIEF OF SICKNESS AND THE PRESERVATION OF HEALTH; 3.3 THE RELIEF OF UNEMPLOYMENT IN SUCH WAYS AS MAY BE THOUGHT FIT, INCLUDING ASSISTANCE TO FIND EMPLOYMENT; 3.4 THE ADVANCEMENT OF EDUCATION IN SUCH WAYS AS THE TRUSTEES THINK FIT, INCLUDING (BUT NOT LIMITED TO) PROVIDING SUPPORT, ADVICE, THERAPY AND TRAINING TO THOSE IN NEED; 3.5 PROMOTING THE EFFICIENCY AND EFFECTIVENESS OF CHARITIES AND THE EFFECTIVE USE OF CHARITABLE RESOURCES (FOR THE PURPOSES OF THIS OBJECT, CHARITIES ARE ORGANISATIONS WHICH ARE ESTABLISHED FOR EXCLUSIVELY CHARITABLE PURPOSES IN ACCORDANCE WITH THE LAWS OF ENGLAND AND WALES).

Area of benefit

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

YORKSHIRE AND HUMBER REGION.