BRIGHTON YOUTH CENTRE
Financial health, per its FY2024 accounts
The accounts state that the charity reported a positive net movement in funds of £1,033,999 for the year ended 31 March 2024, resulting in total funds of £2,413,757. The trustees maintain unrestricted reserves of £292,572, which they aim to hold at a level equivalent to 3–6 months of annual revenue turnover to ensure continuity of service. The financial statements were prepared on a going concern basis with no material uncertainties identified by the auditors.
What the accounts disclose
“BYC aims to hold reserves equivalent to 3–6 months of annual revenue turnover.” — page 11
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Ben Glazebrook
- Helen Thomas
- Julian Caddy
- Susan Shanks Cllr
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £6.7m | £609k |
| 31/03/2024 | £1.5m | £434k |
| 31/03/2023 | £339k | £301k |
| 31/03/2022 | £305k | £273k |
| 31/03/2021 | £333k | £261k |
Common questions
Is BRIGHTON YOUTH CENTRE financially healthy?
The accounts state that the charity reported a positive net movement in funds of £1,033,999 for the year ended 31 March 2024, resulting in total funds of £2,413,757. The trustees maintain unrestricted reserves of £292,572, which they aim to hold at a level equivalent to 3–6 months of annual revenue turnover to ensure continuity of service. The financial statements were prepared on a going concern basis with no material uncertainties identified by the auditors. Its FY2024 accounts were audited by Chariot House Limited.