STOCKFIELD COMMUNITY ASSOCIATION
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net outgoing of resources before gains on investments of £385,952 for the year ended 31 December 2022, resulting in a decrease in total reserves. The trustees note that the managed investment fund decreased to £3.5m in 2022 due to adverse investment conditions, though the charity maintains significant unrestricted and designated reserves to support its operations.
What the accounts disclose
“The Charity manages its accommodation on the basis of whole life funding and makes contributions each year to Sinking Funds in order to have funds available for future years to pay for major repairs and replacements and to provide for cyclical maintenance.” — page 8
“The Charity has a subsidiary company, Stockfield Community Association (Subsidiary) Limited which Is a noncharitable company limited by guarantee not having a share capital, whose business Is mainly to procure the building of houses which are sold by their developers for profit.” — page 5
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- MIKE RUSSELLchair
- AMANDA JAYNE MILLWARD
- Andrew William Baker
- DAVID GEORGE STOKES
- ELIZABETH ANN LEACH
- Joanne Harris-Thompson
- Penelope Anne Wagg
- Rachel Louise Fulwell
- Velida Dautovic
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £909k | £770k |
| 31/12/2023 | £845k | £607k |
| 31/12/2022 | £806k | £735k |
| 31/12/2021 | £802k | £691k |
| 31/12/2020 | £807k | £601k |
Common questions
Is STOCKFIELD COMMUNITY ASSOCIATION financially healthy?
The accounts state that the charity reported a net outgoing of resources before gains on investments of £385,952 for the year ended 31 December 2022, resulting in a decrease in total reserves. The trustees note that the managed investment fund decreased to £3.5m in 2022 due to adverse investment conditions, though the charity maintains significant unrestricted and designated reserves to support its operations. Its FY2022 accounts were audited by Seagrave French LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| NFL FOUNDATION UK | 1 | £12k |
| THE BARROW CADBURY TRUST | 1 | £7k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £3k |