VISION REDBRIDGE CULTURE AND LEISURE
Financial health, per its FY2025 accounts
The accounts state that the charity achieved a net surplus of £168,000 for the year, increasing its general fund reserves from £199,000 to £367,000. The trustees confirm the charity can meet all debts as they fall due and continue as a going concern, despite facing ongoing cost pressures from inflation and increased employer national insurance contributions. Total income for the year was £26,139,000, with the largest single source being the management fee from the local council.
What the accounts disclose
“The Reserves Policy was reviewed by the Audit Committee in September 2022, and it was decided to increase the target Reserves from £750,000 to £1,000,000” — page 87
“During the year, £6,240 was paid to, and Venue hire of £12,219 was received from, Frenford Clubs, a charity of which Martin Solder, the Chair of Trustees, is also a Trustee.” — page 110
“Vision Redbridge Business Services Limited (a trading company) was incorporated on 20th May 2011. Vision Redbridge Culture and Leisure Limited is the sole shareholder, holding 100 Ordinary £1 shares.” — page 112
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Martin Denis Solderchair
- CATHERINE JANE ROWAN
- Caroline Janet Ward
- Cllr Zulfiqar Hussain
- DAVID CHARLES THOROGOOD
- KEVIN JON PITTMAN
- Linda Perham
- Navdeep Kaur Johal
- Stephen John Wilks
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £26.1m | £25.7m |
| 31/03/2024 | £24.1m | £24.4m |
| 31/03/2023 | £21.3m | £22.8m |
| 31/03/2022 | £31.4m | £22.2m |
| 31/03/2021 | £19.2m | £18.8m |
Common questions
Is VISION REDBRIDGE CULTURE AND LEISURE financially healthy?
The accounts state that the charity achieved a net surplus of £168,000 for the year, increasing its general fund reserves from £199,000 to £367,000. The trustees confirm the charity can meet all debts as they fall due and continue as a going concern, despite facing ongoing cost pressures from inflation and increased employer national insurance contributions. Total income for the year was £26,139,000, with the largest single source being the management fee from the local council. Its FY2025 accounts were audited by Moore Kingston Smith LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 02/05/2019 | £100k | "A New Redbridge Museum" |
| The National Lottery Heritage Fund | 05/05/2016 | £76k | "The Streets: Discover your High Street" |
| The National Lottery Heritage Fund | 10/09/2014 | £10k | "Images of Uphall" |
| The National Lottery Heritage Fund | 09/07/2014 | £10k | "First World War Centenary Pop-up Library" |
| The National Lottery Heritage Fund | 05/02/2014 | £39k | "Redbridge and the First World War" |