QUAGGY DEVELOPMENT TRUST
Promotion for the public benefit of urban regeneration in areas of social and economic deprivation and, in particular,the area of benefitDelivery of Early education and childcare and Children CentresOther activities for the enhancement and benefit of the local area
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £340,874 for the year ended 31 March 2025, with total funds increasing to £3,786,628. However, the trustees note that free reserves of £1,444,603 were slightly below their stated policy target of £1,600,000 to £1,750,000. The charity remains dependent on significant funding from the Royal Borough of Greenwich, which has been reduced for the current contract period.
What the accounts disclose
“One employee, who is included above within key management, received emoluments of between £100,001 and £110,000 (2024: one employee received between £90,001 and £100,000). No other employee received emoluments of more than £60,000 in either year.” — page 22
“Start Well Greenwich West contract (designated) 1,328,966” — page 20
“At 31 March 2025, free reserves amounted to £1,444,603 and so were slightly below the target.”
“During the year, the charity received income amounting to £5,597 (2024: £3,479) from The Wash House Youth Project, a charity of which S C Riley, a Trustee, is also a Trustee.” — page 28
“At 31 March 2025, the charity was owed £120,547 (2024: £116,964) by its subsidiary, Quaggy Café at Parkside Limited.” — page 28
“During the year, the charity received income amounting to £5,597 (2024: £3,479) from The Wash House Youth Project, a charity of which S C Riley, a Trustee, is also a Trustee.” — page 28
“At 31 March 2025, the charity was owed £120,547 (2024: £116,964) by its subsidiary, Quaggy Café at Parkside Limited.” — page 28
“The charity owns 100% of the share capital in Quaggy Café at Parkside Limited, which ceased trading at 31 March 2023.” — page 5
Year-over-year changes
- Top pay band moved from £90,001 - £100,000 (FY2024) to £100,001 - £110,000 (FY2025).
What the charity says about itself (2023-2024)
“Impact Report 2023 - 2024”
“During the year 80 clients received counselling from our Community Counselling Service”
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Natalie Meguerditchianchair
- Beatrice-Mihaela Panduru
- Darren Mepham
- Jonathan Qureshi
- Lisa Fahey
- Olaide Yussuf
- Pamela Rowe
- SIMON RILEY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £340,874 for the year ended 31 March 2025, with total funds increasing to £3,786,628. However, the trustees note that free reserves of £1,444,603 were slightly below their stated policy target of £1,600,000 to £1,750,000. The charity remains dependent on significant funding from the Royal Borough of Greenwich, which has been reduced for the current contract period. Its FY2025 accounts were audited by Simpson Wreford LLP.
What does the highest-paid employee of QUAGGY DEVELOPMENT TRUST earn?
Per its FY2025 accounts, the highest-paid employee was in the £100,001 - £110,000 band.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 02/05/2014 | £284k | Quaggy Community Counselling Service - Secure Adults, Secure Children |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Point North Community Foundation | 1 | £882k |
| THE EXILARCH'S FOUNDATION | 1 | £100k |
| TRUST FOR LONDON | 1 | £66k |
| TALBOT VILLAGE TRUST | 1 | £61k |
| EAST END COMMUNITY FOUNDATION | 1 | £48k |
| NETHERTHORPE AND UPPERTHORPE COMMUNITY ALLIANCE | 1 | £9k |
| PAROCHIAL CHURCH COUNCIL OF ABBEYDALE AND MILLHOUSES | 1 | £2k |
Charities like this
- PADDINGTON DEVELOPMENT TRUST
- MANOR HOUSE DEVELOPMENT TRUST
- WOODTHORPE DEVELOPMENT TRUST
- TAFF BARGOED DEVELOPMENT TRUST LIMITED
- MANOR AND CASTLE DEVELOPMENT TRUST LIMITED
- SWANAGE AND PURBECK DEVELOPMENT TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| QUAGGY DEVELOPMENT TRUST | £2.7m | £100,001 - £110,000 | — | below | — | no doubt |
| PADDINGTON DEVELOPMENT TRUST | £3.2m | — | 3 | above | — | no doubt |
| MANOR HOUSE DEVELOPMENT TRUST | £398k | — | 0 | unclear | — | no doubt |
| WOODTHORPE DEVELOPMENT TRUST | £307k | — | 0 | unclear | — | no doubt |
| TAFF BARGOED DEVELOPMENT TRUST LIMITED | £152k | — | 0 | unclear | — | no doubt |
| MANOR AND CASTLE DEVELOPMENT TRUST LIMITED | £2.6m | — | 0 | above | — | no doubt |