CROYDON VOLUNTARY ACTION
Financial health, per its FY2025 accounts
The accounts state that the charity recorded a loss for the year of £63,347, although excluding a non-cash pension liability movement, the loss was £12,347. Per the trustees' report, unrestricted reserves remain stable at £575,472, which is described as well within the desired level of 25% of annual turnover. The charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“Our unrestricted (free) reserves remain stable at £575,472 and well within the desired level (25% of annual turnover).” — page 5
Funders the charity credits
- Croydon Council
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Karim Hemanichair
- CAROLE ELAINE PARNELL
- GHAZALA MIRZA
- Mary MacCauley
- Mike Mulvey
- TERRY ROBERTS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.6m | £1.7m |
| 31/03/2024 | £1.6m | £1.5m |
| 31/03/2023 | £1.6m | £1.9m |
| 31/03/2022 | £1.6m | £1.7m |
| 31/03/2021 | £1.3m | £1.4m |
Common questions
Is CROYDON VOLUNTARY ACTION financially healthy?
The accounts state that the charity recorded a loss for the year of £63,347, although excluding a non-cash pension liability movement, the loss was £12,347. Per the trustees' report, unrestricted reserves remain stable at £575,472, which is described as well within the desired level of 25% of annual turnover. The charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were audited by Haines Watts Swindon Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| WALES COUNCIL FOR VOLUNTARY ACTION | 3 | £1.4m |
| TWO RIDINGS COMMUNITY FOUNDATION | 1 | £64k |
| ESSEX COMMUNITY FOUNDATION | 1 | £44k |
| EAST RIDING VOLUNTARY ACTION SERVICES (ERVAS) LIMITED | 1 | £5k |
| VOLUNTARY ACTION NORTH LINCOLNSHIRE LIMITED | 1 | £380 |