STURMINSTER NEWTON COMMUNITY BUILDING TRUST
The charity operates The Exchange, a community building in Sturminster Newton, for the benefit of the population of the town and the surrounding area.
Financial health, per its FY2025 accounts
The charity reported a surplus of £15,815 for the year ended 31 May 2025, with total income of £448,325 against charitable expenditure of £432,510. Total reserves stood at £1,707,057, of which £103,128 were free unrestricted reserves, exceeding the stated policy target of 2-3 months of unrestricted expenditure. The accounts were subject to an independent examination rather than a full audit.
What the accounts disclose
“It is the policy of the Charity to maintain unrestricted funds not committed or invested in tangible fixed assets (the "free reserves') at a level which equates to approximately 2-3 months of unrestricted expenditure.” — page 6
“During the year, a grant of £nil (2024: £35,000) was received from The Charity of William Williams, where two of the trustees also serve as trustees.” — page 23
“During the year there were transactions with J Cowley of £364 for payroll services (2024: £760).” — page 23
“During the year, a grant of £nil (2024: £35,000) was received from The Charity of William Williams, where two of the trustees also serve as trustees.” — page 23
“During the year there were transactions with J Cowley of £364 for payroll services (2024: £760).” — page 23
“During the year, a grant of £nil (2024: £35,000) was received from The Charity of William Williams, where two of the trustees also serve as trustees.” — page 23
“During the year there were transactions with J Cowley of £364 for payroll services (2024: £760).” — page 23
“During the year, a grant of £nil (2024: £35,000) was received from The Charity of William Williams, where two of the trustees also serve as trustees.” — page 23
“During the year there were transactions with J Cowley of £364 for payroll services (2024: £760).” — page 23
“During the year, a grant of £nil (2024: £35,000) was received from The Charity of William Williams, where two of the trustees also serve as trustees.” — page 23
“During the year there were transactions with J Cowley of £364 for payroll services (2024: £760).” — page 23
Property (HM Land Registry)
Trustees
- ROBERT COWLEYchair
- Helen Jacqueline Lacey
- JOHN COWLEY
- Nigel Charles Matthews
- Sarah Anne Palmer
- Trevor Puckett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £448k | £432k |
| 31/05/2024 | £410k | £404k |
| 31/05/2023 | £328k | £358k |
| 31/05/2022 | £241k | £303k |
| 31/05/2021 | £143k | £130k |
Common questions
Is STURMINSTER NEWTON COMMUNITY BUILDING TRUST financially healthy?
Per its FY2025 accounts: The charity reported a surplus of £15,815 for the year ended 31 May 2025, with total income of £448,325 against charitable expenditure of £432,510. Total reserves stood at £1,707,057, of which £103,128 were free unrestricted reserves, exceeding the stated policy target of 2-3 months of unrestricted expenditure. The accounts were subject to an independent examination rather than a full audit. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 05/07/2005 | £90k | Community Building |