THE EXTRACARE CHARITABLE TRUST

Charity number: 327816
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

To provide accommodation, an active lifestyle and an independent, safe and secure future for older people in need of a stimulating and supportive environment through the development and operation of a network of inspirational communities in supported housing schemes and retirement villages.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£65,957,000

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Donations and legacies £1.56m
Charitable activities £60.61m
Other trading activities £2.94m
Investments £852.00k
Other £0

Total expenditure:
£83,170,000

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Raising funds £1.16m
Charitable activities £79.34m
Other £2.67m

£40,065,000 investments gains (losses)

Total income includes £17,942,173 from 22 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 £3.83m
Charitable expenditure £79.34m

People

1282 Employee(s)

12 Trustee(s)

2109 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 22
£70k to £80k 9
£80k to £90k 1
£90k to £100k 4
£100k to £110k 1
£110k to £120k 2
£130k to £140k 1
£150k to £200k 2
£200k to £250k 1
£250k to £300k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • The Advancement Of Health Or Saving Of Lives
  • Accommodation/housing
Who the charity helps:
  • Elderly/old People
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout England

Governance

Registration history:
  • 31 May 1988: Standard registration
Organisation type:
Charitable company
Other names:
  • CCHA EXTRA CARE LIMITED (Previous name)
  • EXTRA CARE LIMITED (Previous name)
  • SHERBOURNE EXTRA CARE LIMITED (Previous name)
Company number:
02205136 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
  • Care Quality Commission
  • Homes England
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
  • 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

12 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Mark Jeffery Trustee 06 November 2024
None on record
Nicholas Towe Trustee 11 March 2024
None on record
Gemma De Brito Trustee 11 March 2024
None on record
Gary Swabel Trustee 30 January 2023
None on record
Janet Patricia Houlis Trustee 30 January 2023
None on record
Mark Andrew Richard Chamberlain Trustee 30 January 2023
WEST LONDON HOCKEY CHARITABLE FOUNDATION
Recently registered
Kim Wootton Trustee 10 November 2021
None on record
Richard Byrne Trustee 21 June 2021
None on record
Andrew Ian Hardy Trustee 21 June 2021
THE ALBANY THEATRE TRUST
Charity reporting is overdue by 96 days
Nicholas Baldwin Trustee 11 November 2020
OUTREACH 3 WAY
Received: On time
DIMENSIONS CYMRU LIMITED
Received: On time
Adrian Eggington Trustee 01 March 2020
None on record
Richard Clarke Trustee 14 November 2018
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £44.19m £41.68m £47.52m £53.91m £65.96m
Total expenditure £51.70m £49.38m £53.85m £67.19m £83.17m
Income from government contracts £15.09m £6.35m £6.12m £15.47m £17.94m
Income from government grants £644.00k £3.58m £23.00k N/A N/A
Income - Donations and legacies £1.46m £630.00k £1.26m £1.47m £1.56m
Income - Other trading activities £3.24m £2.33m £2.90m £3.05m £2.94m
Income - Charitable activities £39.47m £38.72m £42.83m £49.15m £60.61m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £18.00k £6.00k £526.00k £246.00k £852.00k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £47.46m £46.61m £50.33m £63.34m £79.34m
Expenditure - Raising funds £4.24m £397.00k £993.00k £1.09m £1.16m
Expenditure - Governance £105.00k £120.00k £113.00k £110.00k £146.00k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £2.37m £2.53m £2.76m £2.67m

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 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £178.71m £126.41m £124.73m £131.81m £135.75m
Long-term investments £650.60m £744.45m £767.31m £812.86m £851.46m
Other assets £8.71m £7.27m £34.29m £50.17m £53.32m
Defined benefit pension scheme asset or liability -£4.76m -£9.24m -£6.77m -£6.61m -£6.62m
Total liabilities £585.97m £603.22m £636.63m £676.65m £699.48m

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 15 January 2025 On Time
Accounts and TAR 31 March 2024 15 January 2025 On Time Download Open in new window
Annual return 31 March 2023 30 January 2024 On Time
Accounts and TAR 31 March 2023 30 January 2024 On Time Download Open in new window
Annual return 31 March 2022 11 January 2023 On Time
Accounts and TAR 31 March 2022 11 January 2023 On Time Download Open in new window
Annual return 31 March 2021 26 January 2022 On Time
Accounts and TAR 31 March 2021 26 January 2022 On Time Download Open in new window
Annual return 31 March 2020 20 January 2021 On Time
Accounts and TAR 31 March 2020 20 January 2021 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 11/12/1987 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 05/04/1988 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 20/04/1988 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 18/09/1996 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 19/02/1998 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 19/11/2007 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 15/11/2010 NOW ARTICLES ADOPTED BY SPECIAL RESOLUTION DATED 14/11/2011 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 18/11/2014 as amended on 13 Nov 2019 as amended on 07 Aug 2024

Charitable objects

THE OBJECTS OF THE COMPANY SHALL BE TO CARRY ON: (A) THE BUSINESS OF PROVIDING (DIRECTLY OR INDIRECTLY) AND MANAGING THE PROVISION OF: (I) HOUSING, SOCIAL HOUSING AND OTHER ACCOMMODATION (INCLUDING, WITHOUT LIMITATION, NURSING HOMES, SHELTERED HOMES, HOSTELS AND CARE HOMES), AND (II) ASSISTANCE TO HELP HOUSE PEOPLE, AND (III) ASSOCIATED FACILITIES AND AMENITIES OR SERVICES, FOR PEOPLE WHO ARE POOR, OR FOR PEOPLE WHO ARE IN NEED BY REASON OF THEIR AGE, PHYSICAL DISABILITY, MENTAL DISABILITY, LEARNING DISABILITY, MENTAL ILLNESS OR CHRONIC SICKNESS. (B) THE PROVISION OF CARE, WELFARE, MEDICAL, NURSING, COMMUNITY AND OTHER SERVICES, AND ASSOCIATED FACILITIES AND AMENITIES, FOR PEOPLE WHO ARE POOR, OR FOR PEOPLE WHO ARE IN NEED BY REASON OF THEIR AGE, PHYSICAL DISABILITY, MENTAL DISABILITY, LEARNING DISABILITY, MENTAL ILLNESS OR CHRONIC SICKNESS. (C) THE RELIEF OF SICKNESS AND THE PRESERVATION AND PROMOTION OF HEALTH OF PEOPLE WHO ARE POOR, OR OF PEOPLE WHO ARE IN NEED BY REASON OF THEIR AGE, PHYSICAL DISABILITY, MENTAL DISABILITY, LEARNING DISABILITY, MENTAL ILLNESS OR CHRONIC SICKNESS. (D) THE RELIEF OF FINANCIAL HARDSHIP AMONGST ELDERLY PEOPLE. (E) ANY OTHER CHARITABLE OBJECT NOT PROHIBITED FOR A COMPANY REGISTERED WITH THE REGULATOR AS A NON-PROFIT PRIVATE REGISTERED PROVIDER.

Area of benefit

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

NOT DEFINED

Contact information

Address:
7 HARRY WESTON ROAD
BINLEY BUSINESS PARK
BINLEY
COVENTRY
CV3 2SN
Phone:
02476506011
Email:
privacy@extracare.org.uk
Website:

www.extracare.org.uk Open in new window