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GORSEINON DEVELOPMENT TRUST

Registered charity 1123576 · accounts filings on the Charity Commission register

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Latest income
£1.3m
Latest spending
£920k
Registered
2008
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity achieved a surplus of £65,664 for the year, with unrestricted free reserves standing at £224,219. However, the trustees report material uncertainties regarding future results and cash flows due to rising core costs, despite anticipating a further surplus in the coming year.

What the accounts disclose

Reserves policy: three months' operating cost (held: £224k)
“The previously declared aim of the charity is that, over time, a reserve equivalent to three months' operating cost shall be established.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: material uncertainty disclosed
“there continue to be significant challenges in relation to meeting the increasing core costs of the organisation, which create material uncertainties over future results and cash flows.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.3m
Total spending
£920k
Cost of raising funds
£23k
Reserves (reported)
£186k
Employees
42

Reported reserves equal ~2.4 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: City Of Swansea

Income and spending

Financial year endIncomeSpending
31/03/2025£1.3m£920k
31/03/2024£855k£789k
31/03/2023£731k£674k
31/03/2022£614k£569k
31/03/2021£505k£499k

Common questions

Is GORSEINON DEVELOPMENT TRUST financially healthy?

The accounts state that the charity achieved a surplus of £65,664 for the year, with unrestricted free reserves standing at £224,219. However, the trustees report material uncertainties regarding future results and cash flows due to rising core costs, despite anticipating a further surplus in the coming year. Its FY2024 accounts were independently examined.