AVENUES EAST
Latest income
£7.5m
Latest spending
£8.2m
Registered
1997
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity ended the year with a deficit of £729k, resulting in accumulated funds showing a deficit of £1,106k. Per the trustees' report, unrestricted funds are negative £1,278k, meaning there are no free reserves, although the Group maintains a reserve policy target of £1.5m.
What the accounts disclose
Reserves policy: £1.5m
“the board have concluded a target for Group free reserves of £1.5m.” — page 22
Per its FY2025 accounts as filed with the Charity Commission.
Pension scheme deficit: £16.1m
“A full actuarial valuation for the scheme was carried out at 30 September 2023. This valuation showed assets of £514.9m, liabilities of £531.0m and a deficit of £16.1m.” — page 49
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2025)
Total income
£7.5m
Total spending
£8.2m
Reserves (reported)
£0
Employees
258
Care Quality Commission ratings
- Mandalay: Requires improvement
- Avenues East - Services: Good
- Avenues East - West Midlands: Good
Register events
- Received assets from another charity (17/02/2016)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £7.5m | £8.2m |
| 31/03/2024 | £7.6m | £8.1m |
| 31/03/2023 | £7.0m | £7.4m |
| 31/03/2022 | £6.6m | £6.4m |
| 31/03/2021 | £6.0m | £6.0m |
Common questions
Is AVENUES EAST financially healthy?
The accounts state that the charity ended the year with a deficit of £729k, resulting in accumulated funds showing a deficit of £1,106k. Per the trustees' report, unrestricted funds are negative £1,278k, meaning there are no free reserves, although the Group maintains a reserve policy target of £1.5m. Its FY2025 accounts were audited by RSM UK Audit LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 18/03/2004 | £50k | "The Last Dance -Suffolk" |