HOLSWORTHY COMMUNITY PROPERTY TRUST LIMITED
The charity's objects are to provide affordable property to people who are in necessitous circumstances within the Holsworthy Market and Market and Coastal Town Inititative and surrounding areas.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £16,333 for the year, resulting in a decrease in total funds from £530,166 to £513,833. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. However, the trustees' report notes that funding remains a significant challenge for the youth centre activities.
What the accounts disclose
“The Trustees aim to retain unrestricted reserves of £100,000 to cover approximately a year of costs for both the Youth Centre and the owned properties.” — page 5
“The Charity at its inception received its initial resources from Second Home Council Tax that is jointly administered by Devon County Council and Torridge District Council.” — page 6
“The purchase of the first scheme "Whitlock Court" was undertaken with funding from Charity Bank and Venturesome who had respectively first and second charges on the property. These monies have been repaid in full to these lenders.” — page 6
“The Charity at its inception received its initial resources from Second Home Council Tax that is jointly administered by Devon County Council and Torridge District Council.” — page 6
“The purchase of the first scheme "Whitlock Court" was undertaken with funding from Charity Bank and Venturesome who had respectively first and second charges on the property. These monies have been repaid in full to these lenders.” — page 6
“The Charity at its inception received its initial resources from Second Home Council Tax that is jointly administered by Devon County Council and Torridge District Council.” — page 6
“The purchase of the first scheme "Whitlock Court" was undertaken with funding from Charity Bank and Venturesome who had respectively first and second charges on the property. These monies have been repaid in full to these lenders.” — page 6
“The Charity at its inception received its initial resources from Second Home Council Tax that is jointly administered by Devon County Council and Torridge District Council.” — page 6
“The purchase of the first scheme "Whitlock Court" was undertaken with funding from Charity Bank and Venturesome who had respectively first and second charges on the property. These monies have been repaid in full to these lenders.” — page 6
Property (HM Land Registry)
Trustees
- PAMELA JANE JOHNSchair
- Deborah Squirrell
- JOHN ALEXANDER ALLEN
- KENNETH JOHN JAMES
- Phoebe Joy Millar
- Sarah Anne Gay
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2025 | £85k | £101k |
| 30/04/2024 | £94k | £93k |
| 30/04/2023 | £113k | £139k |
| 30/04/2022 | £106k | £93k |
| 30/04/2021 | £78k | £44k |
Common questions
Is HOLSWORTHY COMMUNITY PROPERTY TRUST LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £16,333 for the year, resulting in a decrease in total funds from £530,166 to £513,833. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. However, the trustees' report notes that funding remains a significant challenge for the youth centre activities. Its FY2025 accounts were independently examined.