THE FURZEDOWN YOUTH CENTRE LTD
To help young people develop socially, mentally and spirtitually, so that they may grow into full maturity as individuals and memebers of society.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds decreased from £30,874 to £17,813 over the 18-month period, resulting in a net expenditure of £13,061. The trustees' report indicates a policy to maintain reserves equivalent to six months of unrestricted cash expenditure, a target not explicitly met by the current balance. The examiner confirmed that accounting records were kept in accordance with the Companies Act 2006 and no material matters required disclosure.
What the accounts disclose
“Donations and activities 35,163”
“It is the Policy of the charity to attempt to maintain unrestricted funds at a level which equates to 6 months unrestricted cash expenditure excluding in kind contributions.” — page 4
Trustees
- Faye Richards
- Malcolm Baker
- Simone Nelson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £75k | £73k |
| 30/06/2023 | £23k | £56k |
| 30/06/2022 | £25k | £41k |
| 30/06/2021 | £47k | £29k |
| 30/06/2020 | £38k | £23k |
Common questions
Is THE FURZEDOWN YOUTH CENTRE LTD financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds decreased from £30,874 to £17,813 over the 18-month period, resulting in a net expenditure of £13,061. The trustees' report indicates a policy to maintain reserves equivalent to six months of unrestricted cash expenditure, a target not explicitly met by the current balance. The examiner confirmed that accounting records were kept in accordance with the Companies Act 2006 and no material matters required disclosure. Its FY2024 accounts were independently examined.
Who funds THE FURZEDOWN YOUTH CENTRE LTD?
Funders whose own accounts filings name THE FURZEDOWN YOUTH CENTRE LTD as a grant recipient include THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JAMES WEST STREATHAM SOUTHWARK, ST. PAUL'S, FURZEDOWN.
Shared trustees with funders
- Malcolm Baker — trustee here and at ST. PAUL'S, FURZEDOWN
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 04/11/2010 | £9k | Engaging Furzedown |