GORSEINON DEVELOPMENT TRUST

Registered charity 1123576 · accounts filings on the Charity Commission register

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.

Causes: General Charitable Purposes · Education/training · Economic/community Development/employment · Other Charitable Purposes · website · Get email alerts

Latest income
£1.3m
Latest spending
£920k
Registered
2008
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Charitable activities (71% of income)
“Charitable activities 908,659” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £186k; policy: three months' operating costs)
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Ashmole & Co. Discloses 5 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

Corporate structure

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Funders the charity credits

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

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

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).

Per its annual return, largest income source: Charitable activities (99% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 1.8% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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?

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

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
TWO RIDINGS COMMUNITY FOUNDATION1£64k
KEREN TRUST1£5k
HEY SMILE FOUNDATION1£3k
ROYAL SOCIETY OF WILDLIFE TRUSTS1£0

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with GJPS TRUST FUND.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
GORSEINON DEVELOPMENT TRUST£1.3m—0below—no doubt
GJPS TRUST FUND FY2025£349k—0unclear—no doubt
GORSE COVERT COMMUNITY ASSOCIATION LIMITED FY2025£259k—0unclear—no doubt
GOODWIN DEVELOPMENT TRUST FY2025£4.4m——unclear—noted
OSBORNE HOUSE COMMUNITY NURSERY LTD FY2025£549k—0above—no doubt
TAFF BARGOED DEVELOPMENT TRUST LIMITED FY2025£152k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.