TEES VALLEY COMMUNITY FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves of £109,428 are below the trustees' policy target of approximately £142,000, representing six months of core operating costs. The document notes that reserves reduced due to rebrand expenditure but asserts the balance remains appropriate. The auditors confirmed no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustees aim to maintain free reserves equal to approximately six months’ core operating costs. Based on current predicted levels of activity six months’ core operating costs amount to £142,000” — page 15
Leadership, per the charity’s website
- Hugh McGouran — Chief Executive
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (11/10/2023)
- Received assets from another charity (04/10/2023)
- Received assets from another charity (02/07/2013)
- Received assets from another charity (14/05/2012)
Trustees
- Dr Wendy Shepherd
- Emma Louise Read
- Heather O'Driscoll
- JEFFFREY TAYLOR
- KEITH SMITH
- Nigel Timothy Williams
- Robin Smith
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.2m | £1.8m |
| 31/03/2024 | £5.2m | £1.5m |
| 31/03/2023 | £816k | £884k |
| 31/03/2022 | £549k | £822k |
| 31/03/2021 | £652k | £767k |
Common questions
Is TEES VALLEY COMMUNITY FOUNDATION financially healthy?
The accounts state that unrestricted reserves of £109,428 are below the trustees' policy target of approximately £142,000, representing six months of core operating costs. The document notes that reserves reduced due to rebrand expenditure but asserts the balance remains appropriate. The auditors confirmed no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Anderson Barrowcliff Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FOYLE FOUNDATION | 2 | £400k |
| JOHN LAING CHARITABLE TRUST | 2 | £150k |
| THE LAWSON TRUST CIO | 1 | £500k |
| CULLUM FAMILY TRUST | 1 | £495k |
| THE LYNN FOUNDATION | 1 | £300k |
| OPTIGENE FOUNDATION | 1 | £238k |
| THE WESTMINSTER FOUNDATION | 1 | £200k |
| THE JABBS FOUNDATION | 1 | £100k |