GATWICK AIRPORT COMMUNITY TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £31,943, which exceeds its stated policy target of approximately £13,000 (six months of budgeted operating costs). However, the trustees note a dependency on Gatwick Airport Limited for funding and acknowledge that the charity would need to be wound up if this primary funding source ceases upon the agreement of a Development Consent Order.
What the accounts disclose
“The Trustees believe that 6 months of the budgeted annual operating costs should be held as unrestricted funds, approximately £13,000.”
“The Trustees are aware that once Gatwick Airport Limited, its primary funder, agrees a DCO, the charity would cease to receive funding and would therefore need to be wound up. At the date of signing the financial statements, the charity had not had an update as to when the DCO would be agreed, and as such the Trustees feel it is appropriate to prepare the financial statements on a going concern basis.” — page 10
“During the current year, a grant of £7,500 was awarded to Crawley Open House. A member of the board of Trustees is also a Trustee of Crawley Open House and this grant was awarded without any input from them.” — page 13
“During the prior year, a grant of £2,250 was awarded to Burstow Parish Council. A member of the board of Trustees is a co-opted member of the Burstow F&GP committee and this grant was awarded without any input from them.” — page 13
“During the current year, a grant of £7,500 was awarded to Crawley Open House. A member of the board of Trustees is also a Trustee of Crawley Open House and this grant was awarded without any input from them.” — page 13
“During the prior year, a grant of £2,250 was awarded to Burstow Parish Council. A member of the board of Trustees is a co-opted member of the Burstow F&GP committee and this grant was awarded without any input from them.” — page 13
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → going-concern doubt noted (FY2024).
Trustees
- Joanna Kate Rettiechair
- Alan Jones
- Atif Nawaz
- Catherine Margaret Baart
- Helyn Clack
- Julie Annette Ayres
- Melanie Wrightson
- RICHARD DAVID BURRETT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £250k | £246k |
| 31/12/2023 | £200k | £198k |
| 31/12/2022 | £50k | £81k |
| 31/12/2021 | £236k | £224k |
| 31/12/2020 | £230k | £244k |
Common questions
Is GATWICK AIRPORT COMMUNITY TRUST financially healthy?
The accounts state that the charity holds unrestricted reserves of £31,943, which exceeds its stated policy target of approximately £13,000 (six months of budgeted operating costs). However, the trustees note a dependency on Gatwick Airport Limited for funding and acknowledge that the charity would need to be wound up if this primary funding source ceases upon the agreement of a Development Consent Order. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| RONTADES LIMITED | 1 | £300k |
| BEIS KOSOV | 1 | £2k |