ST ALBANS COMMUNITY ASSOCIATION
Financial health, per its FY2023 accounts
The accounts state that the charity generated a surplus of £376,443 for the year ended 31 March 2023, resulting in total net assets of £1,493,565. Per the trustees' report, unrestricted reserves stood at £891,860, with free reserves calculated at £376,103 after excluding fixed assets and designated funds. The trustees confirm that resources are adequate to continue as a going concern with no material uncertainties identified.
What the accounts disclose
“It is the policy of the Association to maintain unrestricted funds, which are the free reserves of the Association, at a level sufficient to ensure the continued operation of the Association's activities.”
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (08/12/2023)
Trustees
- ANN-MARIE DOCKER
- Caroline Mary Coleman
- Gursharan Sohal
- Mandy Dawn Hawkes
- Sukjeevan Moore
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.1m | £1.0m |
| 31/03/2024 | £1.7m | £936k |
| 31/03/2023 | £1.2m | £812k |
| 31/03/2022 | £705k | £692k |
| 31/03/2021 | £1.2m | £679k |
Common questions
Is ST ALBANS COMMUNITY ASSOCIATION financially healthy?
The accounts state that the charity generated a surplus of £376,443 for the year ended 31 March 2023, resulting in total net assets of £1,493,565. Per the trustees' report, unrestricted reserves stood at £891,860, with free reserves calculated at £376,103 after excluding fixed assets and designated funds. The trustees confirm that resources are adequate to continue as a going concern with no material uncertainties identified. Its FY2023 accounts were audited by J W Hinks LLP.