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Lewisham Local

Registered charity 1101616 · accounts filings on the Charity Commission register · also known as RUSHEY GREEN TIME BANK

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Latest income
£1.1m
Latest spending
£1.1m
Registered
2004
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a surplus of £28,600 for the year ended 31 March 2025, resulting in total net assets of £757,554. The trustees note that while the charity is currently stable, it faces financial risks from the loss of core funding from the local council and a shift to project-based funding, which may require the use of unrestricted funds to cover overheads.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“On 31st March 2025, Lewisham Local’s reserves were £356,897 restricted, £53,751 designated, and £346,906 unrestricted (free) reserves.” — page 19
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Goldwins Limited. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.1m
Total spending
£1.1m
Reserves (reported)
£401k
Employees
17

Reported reserves equal ~4.4 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Lewisham

Income and spending

Financial year endIncomeSpending
31/03/2025£1.1m£1.1m
31/03/2024£1.2m£1.0m
31/03/2023£917k£800k
31/03/2022£762k£601k
31/03/2021£758k£614k

Common questions

Is Lewisham Local financially healthy?

The accounts state that the charity reported a surplus of £28,600 for the year ended 31 March 2025, resulting in total net assets of £757,554. The trustees note that while the charity is currently stable, it faces financial risks from the loss of core funding from the local council and a shift to project-based funding, which may require the use of unrestricted funds to cover overheads. Its FY2025 accounts were audited by Goldwins Limited.