ADAPT (NORTH EAST)
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £63,442 for the year ended 31 March 2025, resulting in a decrease in total funds to £593,891. The trustees note that free reserves of £119,835 are below their stated policy target of not less than 45% of core costs, and they plan to increase reserves by maintaining operating surpluses. Despite the deficit, the trustees and auditors confirm the charity has adequate resources to continue as a going concern.
What the accounts disclose
“As at 31 March 2025 reserves are below this target.”
“During the year 1 trustee's family received a hardship grant of £600 from a Social Prescribing referral.” — page 27
“Expenses for trustee's offering volunteering service of £180 was paid during the year.” — page 22
“During the year 1 trustee's family received a hardship grant of £600 from a Social Prescribing referral.” — page 27
“Expenses for trustee's offering volunteering service of £180 was paid during the year.” — page 22
Funders the charity credits
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- LORRAINE HERSHONchair
- ANITA STEVENSON
- ANNIE BISHOP
- George Dennis Clarke
- Mavis Anne Ostler
- ROSEMARY EILEEN THEOBALDS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.0m | £1.1m |
| 31/03/2024 | £976k | £982k |
| 31/03/2023 | £1.1m | £1.1m |
| 31/03/2022 | £1.0m | £949k |
| 31/03/2021 | £922k | £883k |
Common questions
Is ADAPT (NORTH EAST) financially healthy?
The accounts state that the charity reported a net deficit of £63,442 for the year ended 31 March 2025, resulting in a decrease in total funds to £593,891. The trustees note that free reserves of £119,835 are below their stated policy target of not less than 45% of core costs, and they plan to increase reserves by maintaining operating surpluses. Despite the deficit, the trustees and auditors confirm the charity has adequate resources to continue as a going concern. Its FY2025 accounts were audited by Sumer Auditco Limited.