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KEYSTONE DEVELOPMENT TRUST

Registered charity 1093162 · accounts filings on the Charity Commission register · also known as KEYSTONE COMMUNITY PARTNERSHIP, KEYSTONE COMMUNITY PARTNERSHIP DEVELOPMENT TRUST LIMITED

Latest income
£206k
Latest spending
£388k
Registered
2002
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a deficit of £249,250 for the year ended 31 March 2023, a significant increase from the previous year's deficit of £65,045. However, the trustees report a major positive transformation in financial condition due to the sale of the Innovation Centre, resulting in total reserves of £2,682,533 and cash at bank of £1,376,032. The trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future.

What the accounts disclose

Reserves policy: six months operating costs (held: £53k)
“The current policy is to hold six months operating costs in reserves.” — page 3
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Structured financials (annual return, FY ending 31/03/2021)

Total income
£780k
Total spending
£719k
Cost of raising funds
£95k
Reserves (reported)
£0
Employees
46

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 7.0 months; benchmarks).

Trustees

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

Operates in: Norfolk · Suffolk

Income and spending

Financial year endIncomeSpending
31/03/2025£206k£388k
31/03/2024£187k£472k
31/03/2023£437k£686k
31/03/2022£496k£561k
31/03/2021£780k£719k

Common questions

Is KEYSTONE DEVELOPMENT TRUST financially healthy?

The accounts state that the charity reported a deficit of £249,250 for the year ended 31 March 2023, a significant increase from the previous year's deficit of £65,045. However, the trustees report a major positive transformation in financial condition due to the sale of the Innovation Centre, resulting in total reserves of £2,682,533 and cash at bank of £1,376,032. The trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2023 accounts were independently examined.

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund08/09/2016£10k"Our Story"
The National Lottery Heritage Fund16/07/2008£24k"Charles Burrell Community Garden Project"
The National Lottery Heritage Fund14/03/2007£24k"Saxon Ward - Shop Shutter Art"
The National Lottery Heritage Fund27/06/2005£1k"The Keystone Development Trust Have Been Awarded A Grant To Collect Anecdotes Of Those Who Were Evacuated During World War Two. These Memori"

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
Point North Community Foundation1£882k
TWO RIDINGS COMMUNITY FOUNDATION1£10k
THE CYRIL AND EVE JUMBO CHARITABLE TRUST1£2k
PAROCHIAL CHURCH COUNCIL OF ABBEYDALE AND MILLHOUSES1£2k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with The Freedom Community Trust Limited.