WATERLOO COMMUNITY ASSOCIATION
WCA manages Waterloo Community Centre for the benefit of people living in Waterloo and the surrounding area.
Objects
A) TO PROMOTE THE BENEFIT OF THE INHABITANTS OF THE AREA OF BENEFIT WITHOUT DISTINCTION OF SEX, SEXUAL ORIENTATION, NATIONALITY, AGE, DISABILITY, RACE OR OF POLITICAL, RELIGIOUS OR OTHER OPINIONS BY ASSOCIATING TOGETHER THE SAID INHABITANTS AND THE STATUTORY AUTHORITIES, VOLUNTARY AND OTHER ORGANISATIONS IN A COMMON EFFORT TO ADVANCE EDUCATION AND TO PROVIDE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION AND LEISURE TIME OCCUPATION WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE SAID INHABITANTS;B) TO ESTABLISH, OR TO SECURE THE ESTABLISHMENT, OF A COMMUNITY CENTRE (HEREINAFTER CALLED "THE CENTRE") AND TO MAINTAIN AND MANAGE THE SAME (WHETHER ALONE OR IN CO-OPERATION WITH ANY STATUTORY AUTHORITY OR OTHER PERSON OR BODY) IN FURTHERANCE OF THE ABOVE OBJECTS;C) TO PROMOTE SUCH OTHER CHARITABLE PURPOSES AS MAY FROM TIME TO TIME BE DETERMINED.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £13,855 for the year, resulting in a negative general unrestricted fund balance of £512. However, total net assets remain positive at £137,085, supported by a designated Fixed Asset Fund of £132,514. The trustees confirm that sufficient funds are available to cover liabilities and that the charity has adequate resources to continue in operational existence.
What the accounts disclose
“We have a policy for holding reserves once we have reached a set limit. This has not yet been reached” — page 5
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Property (HM Land Registry)
Trustees
- Eleanor Smith
- Laura Kennedy
- MARGARET KERBEY
- PAUL PASCHAL CUMMINS
- PAULETTE LAPPIN
- Patricia Gillian Cowley
- Paulette Lappin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £33k | £47k |
| 31/03/2024 | £53k | £31k |
| 31/03/2023 | £25k | £36k |
| 31/03/2022 | £25k | £35k |
| 31/03/2021 | £53k | £64k |
Common questions
Is WATERLOO COMMUNITY ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £13,855 for the year, resulting in a negative general unrestricted fund balance of £512. However, total net assets remain positive at £137,085, supported by a designated Fixed Asset Fund of £132,514. The trustees confirm that sufficient funds are available to cover liabilities and that the charity has adequate resources to continue in operational existence. Its FY2025 accounts were independently examined.
Who funds WATERLOO COMMUNITY ASSOCIATION?
Funders whose own accounts filings name WATERLOO COMMUNITY ASSOCIATION as a grant recipient include MISS E F RATHBONE CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| MISS E F RATHBONE CHARITABLE TRUST | FY2025 | £3k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 27/02/2018 | £32k | "Organisational Development" |
| The National Lottery Community Fund | 01/04/2011 | £8k | Refurbishing Waterloo Community Centre |