LYNEMOUTH DAY CENTRE LTD
Registered charity 1106526 · accounts filings on the Charity Commission register
Day Centre for the elderly
Causes: General Charitable Purposes · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £24,920 for the year, resulting in a decrease in total funds to £87,827. The trustees acknowledge that unrestricted reserves of £82,864 fall significantly short of their stated policy target of £190,000, noting it is unlikely the target will be reached for at least five years. While the charity remains operational, the trustees highlight risks associated with reliance on social care funding and rising costs, stating they are exploring diversification to mitigate these financial pressures.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy (held: £83k)
“This falls significantly short of the target level.”
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The Directors recognise the risks inherent in reliance on social care funding, coupled with rising operating costs and wider cost-of-living pressures. Management is actively exploring diversification and alternative funding sources to mitigate these risks.”
Per its FY2025 accounts as filed with the Charity Commission.
Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.
Property (HM Land Registry)
2 registered titlesin England and Wales held by the charity’s company or corporate body (2 freehold); recorded price paid £30k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
- MARK BURDONchair
- GILLIAN THOMPSON · trustee of 1 other charity
- MR EDWARD PEAT
- WILLIAM TARBIT
Trustee list from the Charity Commission register (current, not historical).
Operates in: Northumberland
Income and spending
Common questions
Is LYNEMOUTH DAY CENTRE LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £24,920 for the year, resulting in a decrease in total funds to £87,827. The trustees acknowledge that unrestricted reserves of £82,864 fall significantly short of their stated policy target of £190,000, noting it is unlikely the target will be reached for at least five years. While the charity remains operational, the trustees highlight risks associated with reliance on social care funding and rising costs, stating they are exploring diversification to mitigate these financial pressures. Its FY2025 accounts were independently examined.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
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Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with BURWELL AND DISTRICT DAY CENTRE TRUST.
Side by side with its peers
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