SOUTH WEST LAKES TRUST
Financial health, per its FY2025 accounts
The accounts state that the charity reported an unrestricted fund deficit of £151,146 before transfers, driven by high inflation and the withdrawal of National Citizen Service funding. However, total reserves held at the year-end were £4,192,712, which exceeds the trustees' stated free reserve target of £440,000. The trustees and auditors confirm that the charity has sufficient cash and unrestricted reserves to continue operating as a going concern.
What the accounts disclose
“Two children and spouse of the CEO: Transactions totalling £15,887 (£16,185; 2024) relating to employment and consultancy (including employer’s pension contributions and expenses) took place during the year. There were nil amounts outstanding as at 31 January 2025.” — page 51
Structured financials (annual return, FY ending 31/01/2025)
Register events
- Received assets from another charity (20/02/2025)
- Received assets from another charity (21/05/2018)
Trustees
- JOHN ALBERT THOMAS LEE OBE DLchair
- Ashley Shopland
- Carolyn Cadman
- Corinne Susan Farrell
- DINAH NICHOLS
- Daniel James
- Dr Josephine Traill Thomson
- MALCOLM BELL
- MONICA SUSAN READ
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £5.5m | £5.8m |
| 31/01/2024 | £5.4m | £5.6m |
| 31/01/2023 | £4.7m | £5.0m |
| 31/01/2022 | £5.3m | £4.7m |
| 31/01/2021 | £4.0m | £3.5m |
Common questions
Is SOUTH WEST LAKES TRUST financially healthy?
The accounts state that the charity reported an unrestricted fund deficit of £151,146 before transfers, driven by high inflation and the withdrawal of National Citizen Service funding. However, total reserves held at the year-end were £4,192,712, which exceeds the trustees' stated free reserve target of £440,000. The trustees and auditors confirm that the charity has sufficient cash and unrestricted reserves to continue operating as a going concern. Its FY2025 accounts were audited by PKF Francis Clark.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 02/05/2019 | £95k | "#ilovewater" |
| The National Lottery Heritage Fund | 16/09/2010 | £411k | "Burrator Historic and Natural Environment" |
| The National Lottery Heritage Fund | 01/07/2004 | £25k | "Lopwell Wildlife Arts Education Centre" |
| The National Lottery Heritage Fund | 14/05/2004 | £49k | "Porth Reservoir Environmental Improvements" |
| The National Lottery Heritage Fund | 17/03/2003 | £364k | "Roadford Interpretation Centre" |