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LYNG COMMUNITY ASSOCIATION

Registered charity 1089147 · accounts filings on the Charity Commission register

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Latest income
£1.5m
Latest spending
£942k
Registered
2001
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity generated a surplus of £428,618 for the year ended 31 March 2024, with free reserves increasing to £4,351,202. Per the trustees' report, the organization maintains a strong liquidity position with low rent arrears and significant cash reserves, allowing it to weather potential financial challenges.

What the accounts disclose

Related-party transaction: The General Manager’s employment costs are charged to the Association by his company ‘Flexistore (Cardiff) Limited’. The total cost incurred during the period and charged to the Statement of Comprehensive Income totalled £62,993 (2023: £56,490).
“The General Manager’s employment costs are charged to the Association by his company ‘Flexistore (Cardiff) Limited’. The total cost incurred during the period and charged to the Statement of Comprehensive Income totalled £62,993 (2023: £56,490). At the year-end £Nil (2023: £Nil) was included in trade creditors.” — page 37
“The Chair's husband is employed by the Association and is paid at a normal commercial rate.” — page 37
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Chair's husband is employed by the Association and is paid at a normal commercial rate.
“The General Manager’s employment costs are charged to the Association by his company ‘Flexistore (Cardiff) Limited’. The total cost incurred during the period and charged to the Statement of Comprehensive Income totalled £62,993 (2023: £56,490). At the year-end £Nil (2023: £Nil) was included in trade creditors.” — page 37
“The Chair's husband is employed by the Association and is paid at a normal commercial rate.” — page 37
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Association charges an administration charge of £9,513 per annum to administer the management activity. During the year 2023/24 this charge was levied on the Management Company and a further £5,827 was accrued to 31 March 2024.
“The General Manager’s employment costs are charged to the Association by his company ‘Flexistore (Cardiff) Limited’. The total cost incurred during the period and charged to the Statement of Comprehensive Income totalled £62,993 (2023: £56,490). At the year-end £Nil (2023: £Nil) was included in trade creditors.” — page 37
“The Chair's husband is employed by the Association and is paid at a normal commercial rate.” — page 37
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Forvis Mazars LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.5m
Total spending
£942k
Reserves (reported)
£4.9m
Employees
5

Reported reserves equal ~62.1 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Sandwell

Income and spending

Financial year endIncomeSpending
31/03/2025£1.5m£942k
31/03/2024£1.3m£919k
31/03/2023£1.2m£839k
31/03/2022£1.1m£800k
31/03/2021£1.1m£761k

Common questions

Is LYNG COMMUNITY ASSOCIATION financially healthy?

The accounts state that the charity generated a surplus of £428,618 for the year ended 31 March 2024, with free reserves increasing to £4,351,202. Per the trustees' report, the organization maintains a strong liquidity position with low rent arrears and significant cash reserves, allowing it to weather potential financial challenges. Its FY2024 accounts were audited by Forvis Mazars LLP.