QUAGGY DEVELOPMENT TRUST

Charity Number: 1109711
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Promotion for the public benefit of urban regeneration in areas of social and economic deprivation and, in particular,the area of benefit Delivery of Early education and childcare and Children Centres Other activities for the enhancement and benefit of the local area

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£2,863,284

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Donations and legacies £87.67k
Charitable activities £2.68m
Other trading activities £1.21k
Investments £87.44k
Other £7.07k

Total expenditure:
£2,328,721

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Raising funds £0
Charitable activities £2.33m
Other £0

£0 investments gains (losses)

Total income includes £1,806,612 from 4 government contract(s) and £751 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 £0
Charitable expenditure £2.33m
Retained for future use £534.56k

People

52 Employee(s)

5 Trustee(s)

15 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£90k to £100k 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:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • The Prevention Or Relief Of Poverty
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • The General Public/mankind
How the charity helps:
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Greenwich
  • Lewisham

Governance

Registration history:
  • 26 May 2005: Standard registration
Organisation type:
Charitable company
Other names:
  • QUAGGY CHILDRENS CENTRE (Working name)
Company number:
04749158 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
  • Ofsted (Office For Standards In Education)
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
  • 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

5 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Natalie Meguerditchian Chair 18 July 2017
None on record
Jonathan Qureshi Trustee 18 March 2025
None on record
Beatrice-Mihaela Panduru Trustee 24 May 2022
None on record
NAOMI FRANCES DELAP Trustee 19 September 2012
None on record
SIMON RILEY Trustee 20 April 2010
WASH HOUSE YOUTH PROJECT
Received: On time

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 £2.33m £3.27m £3.11m £2.25m £2.86m
Total expenditure £2.10m £3.07m £2.91m £2.00m £2.33m
Income from government contracts N/A £2.16m £2.24m £1.31m £1.81m
Income from government grants £898.04k £13.96k £25.00k £19.48k £751
Income - Donations and legacies £47.79k £47.10k £53.00k £83.29k £87.67k
Income - Other trading activities £55.33k £24.97k £28.85k £57.34k £1.21k
Income - Charitable activities £2.16m £3.17m £2.99m £2.05m £2.68m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £16.55k £21.66k £35.48k £54.55k £87.44k
Income - Other £3.07k £2.05k £4.85k £5.11k £7.07k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £2.03m £3.03m £2.87m £1.91m £2.33m
Expenditure - Raising funds £65.35k £39.10k £41.45k £88.41k £0
Expenditure - Governance £5.50k £51.78k £21.37k £13.52k £10.43k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £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 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £279.43k £256.61k £213.61k £178.75k £173.76k
Long-term investments £475.00k £966.04k £973.14k £1.76m £1.82m
Other assets £2.24m £1.58m £1.73m £1.17m £1.74m
Defined benefit pension scheme asset or liability -£63.55k -£191.08k -£177.07k -£7.28k £0
Total liabilities £798.38k £383.35k £310.32k £264.16k £287.32k

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 17 December 2024 On Time
Accounts and TAR 31 March 2024 17 December 2024 On Time Download Open in new window
Annual return 31 March 2023 15 December 2023 On Time
Accounts and TAR 31 March 2023 15 December 2023 On Time Download Open in new window
Annual return 31 March 2022 03 January 2023 On Time
Accounts and TAR 31 March 2022 03 January 2023 On Time Download Open in new window
Annual return 31 March 2021 03 December 2021 On Time
Accounts and TAR 31 March 2021 04 January 2022 On Time Download Open in new window
Annual return 31 March 2020 30 January 2021 On Time
Accounts and TAR 31 March 2020 03 February 2021 3 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.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 30 APRIL 2003 AS AMENDED BY SPECIAL RESOLUTION DATED 31 MARCH 2005. as amended on 01 Dec 2021

Charitable objects

1.1 The Charity’s objects (“the Objects”) are the promotion for the public benefit of urban regeneration in areas of social and economic deprivation (and in particular the area of benefit) by all or any of the following means: 1.1.1 The development of the capacity and skills of the members of the area of benefit in such a way that they are better able to identify and help meet their needs, and to participate more fully in society. 1.1.2 The relief of poverty in such ways as may be thought fit. 1.1.3 The relief of unemployment in such ways as may be thought fit. 1.1.4 The advancement of education, training or retraining, particularly among unemployed people, and providing employed people with work experience. 1.1.5 The provision of recreational facilities for the public at large and/or those who by reasons of their youth, age, infirmity or disability, poverty or social and economic circumstances have need of such facilities. 1.1.6 The provision of public health facilities and childcare. 1.1.7 The provision of public safety and prevention of crime. 1.1.8 Such other means as may from time to time be determined, subject to the prior consent of the Charity Commissioners for England and Wales. The area of benefit is the West Ward of the Royal Borough of Greenwich, and the immediate surrounding area.

Area of benefit

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

COLDBATH AND ORCHARD ESTATES IN THE LONDON BOROUGH OF GREENWICH AND THE IMMEDIATE SURROUNDING AREA.

Contact information

Address:
QUAGGY CHILDRENS CENTRE
ORCHARD HILL
LONDON
SE13 7QZ
Phone:
02084659785
Email:
info@quaggychildrenscentre.org.uk
Website:

www.quaggydevelopmenttrust.org Open in new window