MID SUFFOLK VOLUNTARY ORGANISATIONS FORUM
MSVOF owns Red Gables and Redwoods (the Old Library) and manages them to provide a lively and inviting community hub in the centre of Stowmarket. We offer attractive and affordable office accommodation, rooms for activities and meetings for local organisations and run projects that stimulate community activity, such as the Garden Project and the Redwoods Lunch Club.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves of £48,915 are below the charity's stated policy target of six months' unrestricted expenditure (£61,188). Total net assets are £2,011,571, comprising significant restricted funds and tangible fixed assets, with unrestricted funds decreasing from the previous year.
What the accounts disclose
“The Charity's actual unrestricted reserves amounted to £48,915 as at the year end (2024: £60,681) which is below the policy level.” — page 9
“Two Trustees received remuneration for non-Trustee related services totalling £3,293 (2024: One Trustee received £2,926).”
“Two Trustees received remuneration for non-Trustee related services totalling £3,293 (2024: One Trustee received £2,926). No trustees were reimbursed expenses amounts (2024: One Trustee was reimbursed £60) during the year.”
Property (HM Land Registry)
Trustees
- Angela Tracey Dennis
- Helen Jackson
- Lynn Elizabeth Scott
- Mark Coburn
- Mark John Richard Trent
- Terence Carter
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £160k | £215k |
| 31/03/2024 | £182k | £199k |
| 31/03/2023 | £169k | £163k |
| 31/03/2022 | £137k | £152k |
| 31/03/2021 | £136k | £124k |
Common questions
Is MID SUFFOLK VOLUNTARY ORGANISATIONS FORUM financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves of £48,915 are below the charity's stated policy target of six months' unrestricted expenditure (£61,188). Total net assets are £2,011,571, comprising significant restricted funds and tangible fixed assets, with unrestricted funds decreasing from the previous year. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Postcode Lottery | 28/04/2025 | £25k | Unrestricted Funding |
| The National Lottery Community Fund | 19/03/2021 | £9k | Singing for the Brain |
| The National Lottery Community Fund | 02/03/2020 | £10k | Red Gables regeneration |
| The National Lottery Community Fund | 11/10/2018 | £10k | Improvements to Redwoods Community Hall |
| The National Lottery Community Fund | 28/07/2011 | £8k | Old Library Community Hall -Come Together Project |
| The National Lottery Community Fund | 17/02/2005 | £3k | ITC Capacity Development |