PAC –POSITIVE ACTION IN THE COMMUNITY
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure deficit of £62,182 for the year ended 31 March 2023, resulting in total charitable funds of £728,087. The trustees confirm that unrestricted, unallocated reserves equated to approximately 3-4 months of core running costs, providing sustainability despite changing funding sources. The independent auditors issued an unqualified opinion, confirming the financial statements give a true and fair view.
What the accounts disclose
“This policy aims to reserve 6 months core running costs alongside funds allocated to running costs, staff training and charity growth. However, we currently hold 3 months and are aiming to get to the 6 months as per best practice.”
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Neal Stonechair
- ANDREW DEWHURST
- Elizabeth Campbell
- Karen Broadhurst
- NICOLA CLAIRE BARROW
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.1m | £2.1m |
| 31/03/2024 | £1.9m | £1.8m |
| 31/03/2023 | £1.6m | £1.7m |
| 31/03/2022 | £1.4m | £1.4m |
| 31/03/2021 | £1.2m | £1.3m |
Common questions
Is PAC –POSITIVE ACTION IN THE COMMUNITY financially healthy?
The accounts state that the charity reported a net expenditure deficit of £62,182 for the year ended 31 March 2023, resulting in total charitable funds of £728,087. The trustees confirm that unrestricted, unallocated reserves equated to approximately 3-4 months of core running costs, providing sustainability despite changing funding sources. The independent auditors issued an unqualified opinion, confirming the financial statements give a true and fair view. Its FY2023 accounts were audited by Smith & Goulding Limited.