Charity Accounts Intelreading the accounts so you don’t have to

LOOE DEVELOPMENT TRUST

Registered charity 1090558 · accounts filings on the Charity Commission register

Activities: Millpool Centre - a quality community space for all ages; Community News - bi-monthly publication; ; the Looe Festive lights and fireworks - fund-holder for improvements; Enterprise House - property rental.Projects: Looe Skatepark, Looe Valley Trails walking/cycling; Looe Coastal Communities Team in partnership with other organisations.

Causes: General Charitable Purposes · Education/training · Environment/conservation/heritage · Economic/community Development/employment · Get email alerts

Latest income
£73k
Latest spending
£65k
Registered
2002
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity generated a deficit in the year primarily due to increased Millpool Centre maintenance costs, resulting in a net movement in funds of £7,914. Per the Treasurer's report, the Trust remains in a financially solid position with net assets of £69,163 in its general unrestricted fund, though this is below the targeted reserves level of £90,000. The Trustees consider they have adequate resources to continue as a going concern for at least the next 12 months.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Unrestricted Funds (51% of income)
“Total Incoming resources 36,892 35,826 72,718 96,399” — page 13
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £69k; policy: an expense reserve of approximately one year’s income of £40,000 and a maintenance reserves / lease renewal of £50,000)
“so at present time the trust is below its targeted level of reserves of £90,000” — page 11
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Property (HM Land Registry)

2 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustees · trustee networks

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

Operates in: Cornwall

Income and spending

Financial year endIncomeSpending
31/03/2025£73k£65k
31/03/2024£96k£124k
31/03/2023£93k£97k
31/03/2022£72k£62k
31/03/2021£120k£51k

Common questions

Is LOOE DEVELOPMENT TRUST financially healthy?

Per its FY2025 accounts: The accounts state that the charity generated a deficit in the year primarily due to increased Millpool Centre maintenance costs, resulting in a net movement in funds of £7,914. Per the Treasurer's report, the Trust remains in a financially solid position with net assets of £69,163 in its general unrestricted fund, though this is below the targeted reserves level of £90,000. The Trustees consider they have adequate resources to continue as a going concern for at least the next 12 months. Its FY2025 accounts were independently examined.

Who funds LOOE DEVELOPMENT TRUST?

Funders whose own accounts filings name LOOE DEVELOPMENT TRUST as a grant recipient include WEST LOOE TOWN TRUST, LITERATURE WORKS.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
WEST LOOE TOWN TRUSTFY2022£1kLooe Community Meals
WEST LOOE TOWN TRUSTFY2022£501Xmas Lights
WEST LOOE TOWN TRUSTFY2023£500Xmas Lights
LITERATURE WORKSFY2025£350
WEST LOOE TOWN TRUSTFY2024£299

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund10/08/2020£6k"COVID19: Looe Development Trust"
The National Lottery Heritage Fund05/03/2020£53k"Moor to Sea - Looe Valley Heritage"
The National Lottery Heritage Fund10/09/2003£25k"The Looe Heritage Trail"