Innovate Trust Ltd in Cardiff, CF5 1JH

Description

Data updated on: 01-11-2023

Innovate Trust Ltd has been on the local market for thirty four years. Registered under the number 02493904 in 1990, the firm is based at 433 Cowbridge Road East, Cardiff CF5 1JH. This company known today as Innovate Trust Ltd, was previously known as Cardiff Universities Social Services. The change has occurred in 2001/11/22. This business's declared SIC number is 87900 and their NACE code stands for Other residential care activities n.e.c.. Innovate Trust Limited released its latest accounts for the financial period up to March 31, 2022. The most recent annual confirmation statement was submitted on April 5, 2023.

Having 19 job advertisements since 2014-06-19, the corporation has been one of the most active employers on the employment market. Recently, it was recruiting new workers in Cardiff, Barry and Pontyclun. They often hire full time employers to work in Shift work mode. They need workers on such positions as: Support Worker F/T TAFF ELY, RCT, Project Worker (SVC) and Support Worker - Full Time Taff Ely.

The company started working as a charity on 1992-04-14. It is registered under charity number 1010541. The range of the firm's activity is not defined. They work in Cardiff and Vale Of Glamorgan. Regarding the charity's finances, their most prosperous year was 2013 when their income was 7,804,364 pounds and their spendings were 7,590,033 pounds. Innovate Trust Limited concentrates its efforts on amateur sports activities, the problem of disability, the issue of disability. It works to support the elderly, the elderly people, young people or children. It provides aid to these recipients by providing human resources, providing human resources and providing specific services. If you want to get to know something more about the charity's activities, call them on the following number 029 2038 2151 or see their website.

From the data we have gathered, the business was started in 1990/04/19 and has been overseen by fifty five directors, and out of them nine (Sophie A., Sophie S., Henry M. and 6 other members of the Management Board who might be found within the Company Staff section of our website) are still functioning. To provide support to the directors, this specific business has been using the skills of Nicholas F. as a secretary since the appointment on 2005/10/20.

Previous company's names
Innovate Trust Ltd 2001-11-22
Cardiff Universities Social Services 1990-04-19

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-03-31	2020-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	3 828 958	3 979 869	5 267 510	1 829 847
Current Assets	5 316 714	5 907 592	7 158 903	1 829 847
Debtors	1 487 756	1 927 723	1 891 393	1 976 077
Net Assets Liabilities	3 020 439	3 100 288	3 742 693	1 721 660
Other Debtors	16 096	10 978	58 830	54 285
Property Plant Equipment	574 356	396 598

Other Financial Data
Charity Funds	3 020 438	3 100 288	1 721 797	1 980 258
Charity Registration Number England Wales		1 010 541		1 010 541
Cost Charitable Activity	2 598 627	2 585 735	3 440 556	23 935 766
Donations Legacies	12	2 493	1 250	2 650
Expenditure Material Fund				28 155 104
Further Item Donations Legacies Component Total Donations Legacies	12	2 493	1 250	2 650
Income Endowments	20 957 287	21 902 149	24 942 313	4 219 201
Income From Charitable Activities	20 938 292	21 887 576	24 935 267	28 064 307
Income From Charitable Activity	2 626 805	2 828 266	3 551 052	4 169 179
Income Material Fund				28 114 329
Investment Income	7 907	11 330	472	46 467
Net Income Expenditure Before Transfers Between Funds Other Recognised Gains Losses	55 987	79 850	535 041	137
Number Employees Whose Total Benefits Excluding Employer Pension Costs Fall Within Bands G B P10000 Over G B P60000	2	2	1	2
Other Income	11 076	750	5 324	905
Accrued Liabilities Deferred Income	298 699	713 683	673 897	842 108
Accumulated Depreciation Impairment Property Plant Equipment	611 402	465 646	43 491	329 083
Average Number Employees During Period	920	863	836	840
Creditors	2 720 631	2 403 902	3 524 778	320 000
Depreciation Expense Property Plant Equipment	54 315	51 484	48 458	35 553
Disposals Decrease In Depreciation Impairment Property Plant Equipment		197 240		19 834
Disposals Property Plant Equipment		382 263		20 751
Future Minimum Lease Payments Under Non-cancellable Operating Leases	13 741	13 741	13 741	13 741
Gain Loss On Disposals Property Plant Equipment	5 310	39 976	5 074	1 145
Increase From Depreciation Charge For Year Property Plant Equipment		51 484		9 300
Interest Income On Bank Deposits	7 907	11 330	472	46 467
Net Current Assets Liabilities	2 596 083	3 503 690	3 634 125	1 722 878
Other Creditors	1 667 341	957 683	190 000	1 132 389
Other Taxation Social Security Payable	294 204	324 211	343 467	346 125
Pension Other Post-employment Benefit Costs Other Pension Costs	434 521	497 568	576 157	619 543
Prepayments Accrued Income	1 270 814	1 437 121	1 109 624	1 195 694
Property Plant Equipment Gross Cost	1 185 758	862 244	22 649	586 463
Social Security Costs	1 216 737	1 283 227	1 497 536	1 800 665
Total Additions Including From Business Combinations Property Plant Equipment		58 749		50 128
Total Assets Less Current Liabilities	3 170 439	3 900 288	3 932 693	1 980 258
Trade Creditors Trade Payables	109 267	68 146	187 325	435 066
Trade Debtors Trade Receivables	200 846	479 624	722 939	726 098
Wages Salaries	15 724 019	16 486 411	17 583 447	18 966 153
Net Increase Decrease In Charitable Funds	55 987