GORSEINON DEVELOPMENT TRUST
We income generate through our charitable activities, this includes:-* Child Care- Trusting Hands Day Nursery* Conference Facility,* Managed Workspace at favourable terms to new businesses and training providers.
Financial health, per its FY2025 accounts
The accounts state that the charity achieved an operating surplus of £363,679 for the year ended 31 March 2025, with total income rising to £1,283,515. However, the trustees report material uncertainties over future results and cash flows due to increasing core costs, noting that free reserves decreased to 2.4 months of operating costs. Despite these challenges, the trustees maintain a reasonable expectation that resources will be sufficient to continue operations as a going concern.
What the accounts disclose
“Charitable activities 908,659” — page 21
“This resulted in free reserves (after long term fiabilities) decreasing by £38,600, which at 31 March 2025 represented a reduction to 2.4 months of operating costs” — page 5
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2024) to "below" (FY2025).
- Going concern: material uncertainty (FY2024) → no going-concern doubt (FY2025).
Corporate structure
- Registered company of the charity Companies House 04645611 · Financial health read from its filings
Leadership, per the charity’s website
- William Evans — Chairman
- Allan Rudge — Trustee / Director
- Glenda Gibbons — Trustee/ Director
- Julie Walters — Trustee/ Director
- Ian Jones — Trustee / Director
Funders the charity credits
- City & County of Swansea
- Gorseinon Town Council
- Welsh Assembly Government
- European Regional Development Fund
Company officers (Companies House)
- JONES, Lynne Amanda on trustee list
- EVANS, William, Councillor on trustee list
- GIBBON, Glenda on trustee list
- JONES, Ian Roderick on trustee list
- RUDGE, Allan John on trustee list
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- WILLIAM EVANSchair
- ALLAN JOHN RUDGE
- GLENDA GIBBON
- IAN RODERICK JONES
- Lynne Amanda Jones
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
Per its FY2025 accounts: The accounts state that the charity achieved an operating surplus of £363,679 for the year ended 31 March 2025, with total income rising to £1,283,515. However, the trustees report material uncertainties over future results and cash flows due to increasing core costs, noting that free reserves decreased to 2.4 months of operating costs. Despite these challenges, the trustees maintain a reasonable expectation that resources will be sufficient to continue operations as a going concern. Its FY2025 accounts were audited by Ashmole & Co.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| TWO RIDINGS COMMUNITY FOUNDATION | 1 | £64k |
| KEREN TRUST | 1 | £5k |
| HEY SMILE FOUNDATION | 1 | £3k |
| ROYAL SOCIETY OF WILDLIFE TRUSTS | 1 | £0 |
Charities like this
- GJPS TRUST FUND
- GORSE COVERT COMMUNITY ASSOCIATION LIMITED
- GOODWIN DEVELOPMENT TRUST
- OSBORNE HOUSE COMMUNITY NURSERY LTD
- TAFF BARGOED DEVELOPMENT TRUST LIMITED
- WOODTHORPE DEVELOPMENT TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| GORSEINON DEVELOPMENT TRUST | £1.3m | — | 0 | below | — | no doubt |
| GJPS TRUST FUND | £349k | — | 0 | unclear | — | no doubt |
| GORSE COVERT COMMUNITY ASSOCIATION LIMITED | £259k | — | 0 | unclear | — | no doubt |
| GOODWIN DEVELOPMENT TRUST | £4.4m | — | — | unclear | — | noted |
| OSBORNE HOUSE COMMUNITY NURSERY LTD | £549k | — | 0 | above | — | no doubt |
| TAFF BARGOED DEVELOPMENT TRUST LIMITED | £152k | — | 0 | unclear | — | no doubt |