SWINDON DANCE
Financial health, per its FY2025 accounts
The accounts state that free reserves were critically low at £825, with unrestricted funds showing a deficit of £154,167 for the year. The trustees report that the charity relied on its free reserves to survive due to reduced consumer spending and funding competition, noting that reserves held are below the policy target. Consequently, the auditors identified a material uncertainty regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Reserves held are below that required per the reserves policy.” — page 11
“This indicates that a material uncertainty exists that may cast significant doubt on the charity’s ability to continue as a going concern.” — page 11
“The Trustee, H Frances, was paid £3,077 (2024: £1,208) during the year for providing services as a freelance dance teacher. This payment does not relate to services as a trustee.” — page 33
“The Trustee, H Frances, was paid £3,077 (2024: £1,208) during the year for providing services as a freelance dance teacher. This payment does not relate to services as a trustee.” — page 33
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Toby Kewenchair
- Chandima Sudarshi Dias Wickramanayake
- Clare Thomas-Powell
- Holly Frances
- Richard Chappell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.0m | £953k |
| 31/03/2024 | £833k | £881k |
| 31/03/2023 | £748k | £858k |
| 31/03/2022 | £729k | £815k |
| 31/03/2021 | £847k | £629k |
Common questions
Is SWINDON DANCE financially healthy?
The accounts state that free reserves were critically low at £825, with unrestricted funds showing a deficit of £154,167 for the year. The trustees report that the charity relied on its free reserves to survive due to reduced consumer spending and funding competition, noting that reserves held are below the policy target. Consequently, the auditors identified a material uncertainty regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Sumer Auditco Limited.