THE PFC TRUST

Charity number: 1200844
Charity reporting is up to date (49 days late)

Charity overview

Activities - how the charity spends its money

The PFC Trust aims to improve the lives and life chances of local people.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£697,189

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Donations and legacies £409.04k
Charitable activities £0
Other trading activities £232.74k
Investments £55.41k
Other £0

Total expenditure:
£516,970

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Raising funds £204.94k
Charitable activities £312.03k
Other £0

£54,996 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 £204.94k
Charitable expenditure £312.03k
Retained for future use £180.22k

People

6 Employee(s)

7 Trustee(s)

15 Volunteer(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

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
Who the charity helps:
  • 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:
  • Durham
  • Hartlepool
  • Middlesbrough
  • Redcar And Cleveland
  • Stockton-on-tees

Governance

Registration history:
  • 28 October 2022: CIO registration
  • 10 October 2023: Funds received from 1187479 THE PFC TRUST
Organisation type:
CIO
Other names:

No other names

Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Paying staff
  • 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

7 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Shaun David Hope Chair 27 March 2019
None on record
Gary Riches Trustee 09 July 2024
None on record
John Robert O'Sullivan Trustee 25 October 2023
None on record
Jennifer Anne Elizabeth Beveridge Trustee 13 March 2023
None on record
kelly daley Trustee 06 January 2021
None on record
Fiona Connolly Trustee 27 March 2019
None on record
Frances Mary Connolly Trustee 27 March 2019
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2024
Total gross income £697.19k
Total expenditure £516.97k
Income from government contracts N/A
Income from government grants N/A
Income - Donations and legacies £409.04k
Income - Other trading activities £232.74k
Income - Charitable activities £0
Income - Endowments £0
Income - Investment £55.41k
Income - Other £0
Income - Legacies £0
Expenditure - Charitable activities £312.03k
Expenditure - Raising funds £204.94k
Expenditure - Governance £0
Expenditure - Grants institution £312.03k
Expenditure - Investment management £5.61k
Expenditure - Other £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 31/03/2024
Own use assets £0
Long-term investments £806.98k
Other assets £258.72k
Defined benefit pension scheme asset or liability £0
Total liabilities £84.08k

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 18 March 2025 46 days late
Accounts and TAR 31 March 2024 21 March 2025 49 days late 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.

CIO - ASSOCIATION Registered 28 Oct 2022 as amended on 18 Jan 2024

Charitable objects

3.1 THE OBJECTS OF THE CIO ARE FOR THE PUBLIC BENEFIT TO MAKE DONATIONS, GRANTS AND SCHOLARSHIPS AND PROVIDE SERVICES AND OPPORTUNITIES TO BENEFICIARIES (AS DEFINED IN CLAUSE 3.2) FOR THE EXCLUSIVELY CHARITABLE PURPOSES SET OUT IN CLAUSE 3.3 (OBJECTS). 3.2 FOR THE PURPOSES OF CLAUSE 3.1, BENEFICIARIES ARE ORGANISATIONS OR INDIVIDUALS WHO RESIDE IN, OR CARRY OUT THEIR WORK WITHIN HARTLEPOOL AND THE SURROUNDING AREA. FOR THIS PURPOSE A BENEFICIARY RESIDES WHERE IT IS ORDINARILY RESIDENT (IN THE CASE OF AN INDIVIDUAL) OR (IN THE CASE OF AN ORGANISATION) WHERE ITS MAIN OFFICE IS LOCATED OR WHERE ITS PRINCIPAL ACTIVITY IS PERFORMED. 3.3 FOR THE PURPOSES OF CLAUSE 3.1, THE BENEFICIARIES' ACTIVITIES MUST BE CONFINED TO, OR THE PRIMARY PURPOSE OF THE FUNDING MUST BE TO FURTHER, ONE OR MORE OF THE FOLLOWING EXCLUSIVELY CHARITABLE PURPOSES: 3.3.1 THE ADVANCEMENT OF EDUCATION - FOR THE PUBLIC BENEFIT TO PROMOTE EDUCATION AND PROFESSIONAL DEVELOPMENT (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF PEOPLE IN SUCH WAYS AS THE CHARITY THINKS FIT, INCLUDING: (A) THE AWARDING OF SCHOLARSHIPS, MAINTENANCE ALLOWANCES OR GRANTS TO SUCH PERSONS TO ENABLE STUDY AT ANY UNIVERSITY, COLLEGE OR INSTITUTION OF HIGHER EDUCATION. (B) PROVIDING THEIR EDUCATION (INCLUDING THE STUDY OF MUSIC OR OTHER ARTS), TO UNDERTAKE TRAVEL IN FURTHERANCE OF THAT EDUCATION, OR TO PREPARE FOR ENTRY TO ANY OCCUPATION, TRADE OR PROFESSION ON LEAVING ANY EDUCATIONAL ESTABLISHMENT. 3.3.2 THE ADVANCEMENT OF THE ARTS - TO PROMOTE FOR THE BENEFIT OF THE PUBLIC, CRAFTS AND CRAFTMANSHIP, PROVIDE ART GALLERIES, ART FESTIVALS AND ARTS HERITAGE COUNCILS. PROMOTE OR ENCOURAGE HIGH STANDARDS IN THE ARTS INCLUDING MUSIC, VISUAL ART SUCH AS PAINTING, DRAWING, SCULPTURE, PHOTOGRAPHY, THEATRE, DANCE, LITERATURE AND CINEMA. 3.3.3 THE ADVANCEMENT OF AMATEUR SPORT - FOR THE PROMOTION OF COMMUNITY PARTICIPATION IN HEALTHY RECREATION, IN PARTICULAR BY THE PROVISION OF FACILITIES FOR THE PLAYING OF SPORTS. 3.3.4 THE ADVANCEMENT OF ENVIRONMENTAL PROTECTION AND IMPROVEMENT - TO PROMOTE FOR THE BENEFIT OF THE PUBLIC, THE CONSERVATION, PROTECTION AND IMPROVEMENT OF THE PHYSICAL AND NATURAL ENVIRONMENT, BY MAKING GRANTS OF MONEY FOR PROVIDING OR PAYING FOR ITEMS, SERVICES OR FACILITIES. 3.3.5 TO PRESERVE AND PROTECT THE HEALTH OF THOSE WITH PHYSICAL, MENTAL, SENSORY IMPAIRMENT OR SICKNESS AND THOSE WHO CARE FOR THEM WITHIN THE FAMILY OR HOME BY OFFERING PROVISION FOR RESPITE SERVICE THROUGH PROVISION OF COMMUNITY-BASED CARE ATTENDANTS AND/OR HOLIDAYS FOR THOSE AFFECTED AND THEIR FAMILIES. 3.3.6 TO ADVANCE IN LIFE AND RELIEVE NEEDS OF YOUNG PEOPLE THROUGH: (A) THE PROVISION OF RECREATIONAL AND LEISURE TIME ACTIVITIES PROVIDED IN THE INTEREST OF SOCIAL WELFARE, DESIGNED TO IMPROVE THEIR CONDITIONS OF LIFE: (B) PROVIDING SUPPORT AND ACTIVITIES WHICH DEVELOP THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS MATURE AND RESPONSIBLE INDIVIDUALS. 3.3.7 TO RELIEVE FINANCIAL HARDSHIP, SICKNESS AND POOR HEALTH AMONGST ELDERLY PEOPLE BY MAKING GRANTS OF MONEY FOR PROVIDING OR PAYING FOR ITEMS, SERVICES OR FACILITIES. 3.3.8 TO ASSIST IN THE TREATMENT AND CARE OF PERSONS SUFFERING FROM MENTAL OR PHYSICAL ILLNESS OF ANY DESCRIPTION OR IN NEED OF REHABILITATION AS A RESULT OF SUCH ILLNESS, BY THE PROVISION OF FACILITIES FOR WORK AND RECREATION. 3.3.9 THE RELIEF OF FINANCIAL HARDSHIP, EITHER GENERALLY OR INDIVIDUALLY, OF PEOPLE LIVING IN THE AREA OF HARTLEPOOL BY MAKING GRANTS OF MONEY FOR PROVIDING OR PAYING FOR ITEMS, SERVICES OR FACILITIES. 3.3.10 ANY OTHER PURPOSES CURRENTLY RECOGNISED AS BEING CHARITABLE WITHIN THE SCOPE OF THE CHARITIES ACT, 2011. 3.4 NOTHING IN THIS CONSTITUTION SHALL AUTHORISE AN APPLICATION OF THE PROPERTY OF THE CIO FOR PURPOSES WHICH ARE NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005 AND/OR SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008.

Contact information

Address:
The PFC Trust
Unit 3
110 Whitby Street South
HARTLEPOOL
Cleveland
TS24 7LP
Phone:
07394638009
Email:
pfc.trust@outlook.com
Website:

www.thepfctrust.org Open in new window