VOLUNTARY SECTOR NORTH WEST
Financial health, per its FY2025 accounts
The accounts state that the charity held total reserves of £646,555 at the year end, with a general reserve of £421,206. The trustees report that VSNW is in a reasonable financial position, although they note that core capacity is dependent on time-limited Lottery investment and that reserves will be reviewed periodically to ensure they remain appropriate given the short-term funding environment.
What the accounts disclose
“One employee has employee benefits within the £60,000 – £70,000 band during the year.” — page 28
“One employee has employee benefits within the £60,000 – £70,000 band during the year.” — page 28
“The reserves level reflects approximately three months of project staff costs, six months of core staff costs, and an allowance for redundancy payments, requiring a minimum reserve of £260,835.” — page 11
“It should be noted that Duncan Craig, the newly appointed Trustee of VSNW, is also the Chief Executive of We Are Survivors, which has been the recipient of a small grant from the GM Accord project on behalf of the Victims and Justice workstream.” — page 29
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Sally Yeomanchair
- Ben Whalley
- Circle Lai Yuen Steele
- Duncan Craig
- Gill Bainbridge
- Jeremy Garth Hodgkinson
- Margaret Young Cheshire
- Yakub Patel
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.2m | £1.1m |
| 31/03/2024 | £1.3m | £1.2m |
| 31/03/2023 | £600k | £603k |
| 31/03/2022 | £435k | £389k |
| 31/03/2021 | £380k | £339k |
Common questions
Is VOLUNTARY SECTOR NORTH WEST financially healthy?
The accounts state that the charity held total reserves of £646,555 at the year end, with a general reserve of £421,206. The trustees report that VSNW is in a reasonable financial position, although they note that core capacity is dependent on time-limited Lottery investment and that reserves will be reviewed periodically to ensure they remain appropriate given the short-term funding environment. Its FY2025 accounts were audited by Slade & Cooper Limited.
What does the highest-paid employee of VOLUNTARY SECTOR NORTH WEST earn?
Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.