LYNG COMMUNITY ASSOCIATION
Provision of rented affordable housing on the Lyng estate in West Bromwich following the demolition of existing housing .
Latest income
£1.5m
Latest spending
£942k
Registered
2001
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity generated a surplus of £520,766 for the year ended 31 March 2025, with free reserves increasing to £4,871,968. The Board confirms the organization is compliant with the Regulator of Social Housing Governance and Financial Viability Standard and has no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
Largest income source: none
“Turnover represents rent and service charges receivable (net of rent and service charge losses from voids) and disposal proceeds of current assets such as properties developed for outright sale or shared ownership first tranche sales at completion together with revenue grants from local authorities and the Homes and Communities Agency and charitable fees and donations.” — page 26
Per its FY2025 accounts as filed with the Charity Commission.
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 £71,106 (2024: £62,993). At the year-end £10,870 (2024: £Nil) was included in trade creditors.
“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 £71,106 (2024: £62,993). At the year-end £10,870 (2024: £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 FY2025 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 £71,106 (2024: £62,993). At the year-end £10,870 (2024: £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 FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Association charges an administration charge of £9,988 per annum to administer the management activity. During the year 2024/25 this charge was levied on the Management Company and a further £5,972 was accrued to 31 March 2025. The total income of £11,439 (2024: £10,908) is shown as Other Social Housing Activities in the Income and Expenditure account.
“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 £71,106 (2024: £62,993). At the year-end £10,870 (2024: £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 FY2025 accounts as filed with the Charity Commission.
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Total income
£1.5m
Total spending
£942k
Reserves (reported)
£4.9m
Employees
5
Trustees
- MRS WENDY BODENHAMchair
- Abdul Sikdar
- Dr SELINA TOUR
- HANNAH PATRICK
- JOHN EDWARDS
- Josh Fenton
- NORMAN HICKSON
- Naresh Bhatoe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
Per its FY2025 accounts: The accounts state that the charity generated a surplus of £520,766 for the year ended 31 March 2025, with free reserves increasing to £4,871,968. The Board confirms the organization is compliant with the Regulator of Social Housing Governance and Financial Viability Standard and has no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were audited by Forvis Mazars LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE EDWARD CADBURY CHARITABLE TRUST | 1 | £10k |
| TOWER HILL TRUST | 1 | £9k |
| NORTHAMPTONSHIRE COMMUNITY FOUNDATION | 1 | £8k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £8k |
| THE BARROW CADBURY TRUST | 1 | £7k |
| EAST END COMMUNITY FOUNDATION | 1 | £4k |
Charities like this
- THOMAS BROMWICH TRUST
- LIMEHOUSE TOWN HALL CONSORTIUM TRUST
- WHITELEY COMMUNITY ASSOCIATION
- BRIGHTLINGSEA COMMUNITY ASSOCIATION
- LINWOOD COMMUNITY CO-OPERATIVE LTD
- WITTON LODGE COMMUNITY ASSOCIATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| LYNG COMMUNITY ASSOCIATION | £1.5m | — | 0 | unclear | — | no doubt |
| THOMAS BROMWICH TRUST | £224k | — | 0 | above | — | no doubt |
| LIMEHOUSE TOWN HALL CONSORTIUM TRUST | £149k | — | 0 | unclear | — | no doubt |
| WHITELEY COMMUNITY ASSOCIATION | £103k | — | 0 | unclear | — | noted |
| BRIGHTLINGSEA COMMUNITY ASSOCIATION | £259k | — | 0 | unclear | — | no doubt |
| LINWOOD COMMUNITY CO-OPERATIVE LTD | £243k | — | 0 | above | — | noted |