CANOLFAN CEIRIOG CENTRE CYF
Community Centre providing sports, recreation and social facilities for the local community
Financial health, per its FY2024 accounts
The accounts state that the charity recorded a trading deficit of £11,208 for the year ended 31 December 2024, driven by unexpected maintenance bills, reduced usage, and lower wellbeing grants. Per the trustees' report, unrestricted reserves stood at £717,864, which is significantly above the stated policy target of £16,000.
What the accounts disclose
“The company has established a reserves policy which requires that a minimum of £16,000 will be retained on reserve to cover future trading requirements.” — page 1
“During the year no payments were made to the directors in respect of services or travel expenses (2023; nil)” — page 1
Property (HM Land Registry)
Trustees
- Alison Bendall
- Duncan Edward Mills
- Glyn Williams
- Janet Robinson
- Katie Marcham
- Shirley Wallace
- TREVOR BATES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £41k | £52k |
| 31/12/2023 | £51k | £60k |
| 31/12/2022 | £38k | £43k |
| 31/12/2021 | £22k | £34k |
| 31/12/2020 | £49k | £30k |
Common questions
Is CANOLFAN CEIRIOG CENTRE CYF financially healthy?
Per its FY2024 accounts: The accounts state that the charity recorded a trading deficit of £11,208 for the year ended 31 December 2024, driven by unexpected maintenance bills, reduced usage, and lower wellbeing grants. Per the trustees' report, unrestricted reserves stood at £717,864, which is significantly above the stated policy target of £16,000. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 21/02/2013 | £2k | A Stage for the Centre |
| The National Lottery Community Fund | 11/11/2010 | £5k | Community Development Project |
| The National Lottery Community Fund | 14/05/2008 | £9k | Glyn Ceiriog Community Reserve |
| The National Lottery Community Fund | 19/02/2007 | £5k | Canolfan Ceiriog Centre Cyf |
| The National Lottery Community Fund | 15/03/2005 | £162k | There is no project name available for this record |