THE METRO CENTRE LTD
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £1,105,166 at the end of the financial year, which is below the stated policy target of three to six months' expenditure. The trustees report that expenditure exceeded income for the year, resulting in a net movement in funds of a loss, and note that the charity is dependent on the continued support of its main funders.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure (£1,276,678 - £2,553,356).” — page 11
“The charity is dependent on the continued support of its main funders and in particular the Royal Borough of Green. These funders have continued to support the Metro Charity for many years and they ensure the provision of its core services and the fluffing of its main aims and objectives.” — page 19
Structured financials (annual return, FY ending 31/03/2024)
Care Quality Commission ratings
- METRO Woolwich: Good
Register events
- Received assets from another charity (06/09/2022)
- Received assets from another charity (19/11/2021)
- Received assets from another charity (11/08/2021)
- Received assets from another charity (09/01/2014)
Trustees
- Dawn Brownchair
- John Ley
- Juan Sebastian Dennis-Beron
- Sunil Scaria
- Viji Richard Arulraj
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | — | — |
| 31/03/2024 | £4.5m | £5.1m |
| 31/03/2023 | £4.9m | £5.0m |
| 31/03/2022 | £5.2m | £5.2m |
| 31/03/2021 | £5.5m | £5.4m |
Common questions
Is THE METRO CENTRE LTD financially healthy?
The accounts state that the charity held unrestricted reserves of £1,105,166 at the end of the financial year, which is below the stated policy target of three to six months' expenditure. The trustees report that expenditure exceeded income for the year, resulting in a net movement in funds of a loss, and note that the charity is dependent on the continued support of its main funders. Its FY2024 accounts were audited by M J Bushell Audit LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 02/10/2018 | £54k | "Preserving Our Shared Heritage (POSH)" |
| The National Lottery Heritage Fund | 07/08/2013 | £10k | "The Lost Gay Cockneys: delving into the LGBT heritage of East London" |