PRIORY PARK COMMUNITY ASSOCIATION
provide accommadation for local voluntary groups and businesses.
Financial health, per its FY2024 accounts
The accounts state that cash funds held on deposit at the end of 2024 remain buoyant, with bank balances increasing to £25,082 from £20,824 in the previous year. The trustees feel it is prudent to continue to monitor outgoings to keep cash reserves stable and do not consider it necessary to hold specific fundraising events at present. The charity generated a net surplus of £4,258 for the year, contrasting with a deficit in the prior year.
What the accounts disclose
“The policy of the trustees is to charge sufficient rentals to run and maintain the hall to a high standard and to build up a reserve for major repairs should any become necessary.” — page 2
Trustees
- Anna Daniels-Byng
- Cayleigh Stonebridge
- Louise Keates
- Stuart Johnston
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £35k | £32k |
| 31/12/2023 | £30k | £40k |
| 31/12/2022 | £23k | £32k |
| 31/12/2021 | £19k | £30k |
| 31/12/2020 | £12k | £27k |
Common questions
Is PRIORY PARK COMMUNITY ASSOCIATION financially healthy?
Per its FY2024 accounts: The accounts state that cash funds held on deposit at the end of 2024 remain buoyant, with bank balances increasing to £25,082 from £20,824 in the previous year. The trustees feel it is prudent to continue to monitor outgoings to keep cash reserves stable and do not consider it necessary to hold specific fundraising events at present. The charity generated a net surplus of £4,258 for the year, contrasting with a deficit in the prior year. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 23/10/2020 | £8k | Help Priory Park community Hall |