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QUAGGY DEVELOPMENT TRUST

Registered charity 1109711 · accounts filings on the Charity Commission register · also known as QUAGGY CHILDRENS CENTRE

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Latest income
£2.7m
Latest spending
£2.4m
Registered
2005
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state a net surplus of £400,785 for the year, with total funds increasing to £2,834,642. However, the trustees report that free reserves of £8724,057 were below their stated policy target of approximately £1,500,000, noting they are 'some way below the target' and intend to increase reserves in the medium term.

What the accounts disclose

Accounts audited by Simpson Wreford LLP. Discloses 3 of 6 completeness components.

Public fundraising profile: JustGiving — Quaggy (matched by registered charity number).

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

Total income
£2.7m
Total spending
£2.4m
Reserves (reported)
£145k
Employees
52

Reported reserves equal ~0.7 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Greenwich · Lewisham

Income and spending

Financial year endIncomeSpending
31/03/2025£2.7m£2.4m
31/03/2024£2.9m£2.3m
31/03/2023£2.2m£2.0m
31/03/2022£3.1m£2.9m
31/03/2021£3.3m£3.1m

Common questions

Is QUAGGY DEVELOPMENT TRUST financially healthy?

The accounts state a net surplus of £400,785 for the year, with total funds increasing to £2,834,642. However, the trustees report that free reserves of £8724,057 were below their stated policy target of approximately £1,500,000, noting they are 'some way below the target' and intend to increase reserves in the medium term. Its FY2023 accounts were audited by Simpson Wreford LLP.