The Freedom Community Trust Limited
Registered charity 1094807 · accounts filings on the Charity Commission register · also known as PRESTON ROAD NDC LTD, PRESTON ROAD NEIGHBOURHOOD DEVELOPMENT COMPANY LIMITED
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net outgoing resource deficit of £427,940 for the year ended 31 March 2023, resulting in a decrease in total funds from £8,418,268 to £7,990,328. The trustees consider unrestricted reserves of £7,972,722 to be sufficient given the nature of income streams, despite facing rising delivery costs and pressure on revenues. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
Accounts audited by Smailes Goldie.
Structured financials (annual return, FY ending 31/03/2025)
Cost of raising funds
£148k
Reported reserves equal ~59.5 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: Kingston Upon Hull City
Income and spending
Common questions
Is The Freedom Community Trust Limited financially healthy?
The accounts state that the charity reported a net outgoing resource deficit of £427,940 for the year ended 31 March 2023, resulting in a decrease in total funds from £8,418,268 to £7,990,328. The trustees consider unrestricted reserves of £7,972,722 to be sufficient given the nature of income streams, despite facing rising delivery costs and pressure on revenues. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Smailes Goldie.
Who funds The Freedom Community Trust Limited?
Funders whose own accounts filings name The Freedom Community Trust Limited as a grant recipient include TWO RIDINGS COMMUNITY FOUNDATION.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
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.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with HULL COMMUNITY CHURCH.