SOMERSET ACTIVITY AND SPORTS PARTNERSHIP
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net trading surplus of £382k for the year ended 31 March 2024, with total income of £2,748k and expenditure of £2,405k. Per the trustees' report, free reserves stood at £1,260k, which is above the stated policy target of approximately £600k required to maintain services for six months. The trustees confirmed that the charity has adequate resources to continue in operational existence with no material uncertainties regarding its going concern status.
What the accounts disclose
“The Charity's policy is to maintain a level of reserves to ensure we can continue to provide our services for 6 months regardless of income levels. This equates to approximately £600k compared to the charity’s free reserves as of 31st March 2024 of £1,260k.” — page 14
“SASP Social Enterprises Limited (company no 08869128) was incorporated on 30 January 2014. It is a wholly owned trading subsidiary of Somerset Activity and Sports Partnership.” — page 36
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (08/03/2017)
Trustees
- Andrew Coates
- Daniel Maycock
- Debra Scarratt
- Derek Blackford
- Dr Amelia Randle
- Geoffrey Rupert Cox
- Jennifer Chidley-Sanders
- Jennifer Walford
- Joanna Gale
- Philippa Jayne Cannons
- Tracy Evans
- Yvonne Vigar
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.3m | £3.0m |
| 31/03/2024 | £2.7m | £2.4m |
| 31/03/2023 | £2.4m | £2.0m |
| 31/03/2022 | £1.8m | £1.7m |
| 31/03/2021 | £1.1m | £980k |
Common questions
Is SOMERSET ACTIVITY AND SPORTS PARTNERSHIP financially healthy?
The accounts state that the charity reported a net trading surplus of £382k for the year ended 31 March 2024, with total income of £2,748k and expenditure of £2,405k. Per the trustees' report, free reserves stood at £1,260k, which is above the stated policy target of approximately £600k required to maintain services for six months. The trustees confirmed that the charity has adequate resources to continue in operational existence with no material uncertainties regarding its going concern status. Its FY2024 accounts were audited by Albert Goodman LLP.