LORDSWOOD LEISURE CENTRE LIMITED
Latest income
£1.4m
Latest spending
£1.3m
Registered
2003
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that total income was £1,403,783 with a net income of £51,128 for the year ended 31 March 2025. Per the trustees' report, free reserves stood at £278,648, which is above the stated policy target of £250,000, and the charity remains financially sound with adequate resources to continue in operational existence.
What the accounts disclose
Employees paid over £60,000: 1
“The number of employees whose emoluments as defined for taxation purposes amounted to over £60,000 in the year was as follows: 31.3.25 1” — page 25
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: at least £250,000 (held: £279k)
“The Trustees consider that free reserves of at least £250,000 are required to be maintained.”
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Mr S Grimwade (Operations Director and trustee): Remuneration £60,000 - £65,000. Ms R Attwood (Finance Director and trustee): Remuneration £35,000 - £40,000.
“Trustees’ remuneration is paid as a result of their employment within the charitable company or the trading subsidiary. Mr S Grimwade (Operations Director and trustee): Remuneration £60,000 - £65,000” — page 25
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Medway Council is the freeholder of the property occupied by the Charity under the terms of the contractual agreement. The Trustees confirm that all transactions with Medway Council during the year were conducted at arm’s length, in the ordinary course of business, and in accordance with the Charity’s governing document and applicable regulatory requirements.
“Medway Council is the freeholder of the property occupied by the Charity under the terms of the contractual agreement. The Trustees confirm that all transactions with Medway Council during the year were conducted at arm’s length, in the ordinary course of business, and in accordance with the Charity’s governing document and applicable regulatory requirements.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Grove Leisure Environmental Limited
“The financial statements consolidate the results of the charitable company and its wholly owned subsidiary Grove Leisure Environmental Limited on a line by line basis.” — page 19
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2025)
Total income
£1.4m
Total spending
£1.3m
Cost of raising funds
£783k
Reserves (reported)
£714k
Employees
41
Trustees
- Anthony Delaney
- Edward Turcan
- RODNEY WILLIAM HILLS
- Rachel Vanessa Attwood
- SPENCER JOHN GRIMWADE
- Simon Laurence Mannering
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.4m | £1.3m |
| 31/03/2024 | £1.4m | £1.3m |
| 31/03/2023 | £1.4m | £1.2m |
| 31/03/2022 | £1.1m | £1.0m |
| 31/03/2021 | £496k | £608k |
Common questions
Is LORDSWOOD LEISURE CENTRE LIMITED financially healthy?
The accounts state that total income was £1,403,783 with a net income of £51,128 for the year ended 31 March 2025. Per the trustees' report, free reserves stood at £278,648, which is above the stated policy target of £250,000, and the charity remains financially sound with adequate resources to continue in operational existence. Its FY2025 accounts were audited by McCabe Ford Williams.