BOLLINGTON INITIATIVE TRUST
Acquisition and conservation of public buildings and open spaces for continued public use and access.
Objects
3.1 TO PROMOTE THE CONSERVATION, PROTECTION AND IMPROVEMENT OF THE PHYSICAL AND NATURAL ENVIRONMENT OF BOLLINGTON AND ITS SURROUNDING AREA.3.2 TO PROMOTE THE BENEFIT OF THE INHABITANTS OF BOLLINGTON AND THE SURROUNDING AREAS, WITHOUT DISTINCTION OF SEX, SEXUAL ORIENTATION, RACE OR OF POLITICAL, RELIGIOUS OR OTHER OPINIONS, BY ASSOCIATION TOGETHER WITH SAID INHABITANTS AND THE LOCAL AUTHORITY, VOLUNTARY AND OTHER ORGANISATIONS IN A COMMON EFFORT TO ADVANCE EDUCATION AND TO PROVIDE FACILITIES AND SERVICES IN THE INTERESTS OF SOCIAL WELFARE, FOR THE RECREATION AND OTHER LEISURE TIME OCCUPATION WITH THE OBJECTIVE OF IMPROVING THE CONDITIONS OF LIFE OF THE SAID INHABITANTS.
Financial health, per its FY2025 accounts
The accounts state that total unrestricted funds are £41,247, which exceeds the trustees' stated reserves policy target of £12,000 (representing 12 months of budgeted operating costs). The charity reported a net income of £2,193 for the year, with total incoming resources of £41,689 against total resources expended of £39,496.
What the accounts disclose
“The trustees' policy on reserves is to maintain reserves such that our budgeted operating costs of the charity can be covered for the next 12 months at any point in time. For 2024 / 25 this has been forecast as £12,000.” — page 5
Policies the charity declares
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Safeguarding policy and procedures
- Trustee conflicts of interest policy and procedures
- Volunteer management
Property (HM Land Registry)
Trustees
- STEPHEN WILLIAM SPINKSchair
- David Dermot Patrick Laffan
- GRAHAM CHRISTOPHER BARROW
- Janet Flynn Ms
- KATHLEEN MARY GOODING OBE
- LESTER GRAHAM HUMPHREYS
- MICHAEL PAUL WILKINS
- Nicholas Saul Valentine Wood
- Patrick Hunter
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £42k | £39k |
| 31/10/2024 | £29k | £18k |
| 31/10/2023 | £40k | £106k |
| 31/10/2022 | £96k | £129k |
| 31/10/2021 | £18k | £68k |
Common questions
Is BOLLINGTON INITIATIVE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that total unrestricted funds are £41,247, which exceeds the trustees' stated reserves policy target of £12,000 (representing 12 months of budgeted operating costs). The charity reported a net income of £2,193 for the year, with total incoming resources of £41,689 against total resources expended of £39,496. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 24/01/2020 | £9k | Creation of a ?family hub? at the Water Street Centre |