Southend United Community Foundation
Latest income
£1.2m
Latest spending
£1.2m
Registered
2004
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves of £70,853 are below the trustees' stated policy target of three months of expenditure. The trustees note that the relegation of the affiliated football club may impact future funding sources, though they maintain a reasonable expectation of going concern.
What the accounts disclose
Reserves policy: three months expenditure (held: £71k)
“The Trustees' reserves policy is to hold 3 months expenditure in the unrestricted reserves.” — page 5
Per its FY2023 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“In addition, Southend United Football Club were relegated in the preceding year from the English Football League (EFL) league two to the National League, which will have a future impact on some sources of funding.” — page 4
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Southend United Football Club
“The Trust is greatly assisted by Southend United Football Club (' The Club') in being able to carry out its charitable activities, via the sharing of it's significant resources. The Club and Trust share many operations resources, have directors in common and are subject to common influence and are hence related parties.” — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/08/2025)
Total income
£1.2m
Total spending
£1.2m
Cost of raising funds
£7k
Reserves (reported)
£41k
Employees
30
Trustees
- Gary James Lockettchair
- Baiju Solanki
- Dr Taz Syed
- Ian Hughes
- Julia Jones
- Kelly Clarke
- Paul Redbourn
- WILLIAM HILL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £1.2m | £1.2m |
| 31/08/2024 | £953k | £961k |
| 31/08/2023 | £992k | £1.0m |
| 31/08/2022 | £998k | £1.0m |
| 31/08/2021 | £994k | £952k |
Common questions
Is Southend United Community Foundation financially healthy?
The accounts state that unrestricted reserves of £70,853 are below the trustees' stated policy target of three months of expenditure. The trustees note that the relegation of the affiliated football club may impact future funding sources, though they maintain a reasonable expectation of going concern. Its FY2023 accounts were independently examined.