FEARON COMMUNITY ASSOCIATION LIMITED
FOR BENEFIT OF LOUGHBOROUGH INHABITANTS FROM N.E. LEICESTER RD/HIGH ST/DERBY RD. BY ASSOCIATING WITH LOCAL AUTHORITIES, VOLUNTARY ORGANISATIONS AND INHABITANTS IN A COMMON EFFORT TO ADVANCE EDUCATION AND PROVIDE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE, FOR RECREATION AND LEISURE-TIME OCCUPATION WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE SAID INHABITANTS.
Financial health, per its FY2025 accounts
The accounts state that total income remained stable at approximately £305,000 while expenditure decreased to £273,628, resulting in a net surplus of £31,476. The trustees note that the charity is currently dependent on securing further funding to maintain service levels as the current Community Fund grant concludes. Unrestricted reserves increased to £90,764, which is above the stated policy target of six months' expenditure.
What the accounts disclose
“The charity’s reserves policy is to hold, if possible, reserves equivalent to six months expenditure.” — page 4
“As we enter the final year of the current Community Fund grant, work is underway to secure the further funding required to keep us operating with the same (if not better) levels of service.” — page 4
“M L Welbourne is a director of Coalraven Ltd, which provided bookkeeping services to the charity. None of the other trustees received any fees or expense payments.” — page 12
“M L Welbourne is a director of Coalraven Ltd, which provided bookkeeping services to the charity. None of the other trustees received any fees or expense payments.” — page 12
Property (HM Land Registry)
Trustees
- ANDREW BARR RHODES
- Dr Susan Lyn Warner
- MICHAEL LANCE WELBOURNE
- RICHARD EDWARD THORPE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £305k | £274k |
| 31/03/2024 | £307k | £326k |
| 31/03/2023 | £287k | £269k |
| 31/03/2022 | £221k | £204k |
| 31/03/2021 | £248k | £202k |
Common questions
Is FEARON COMMUNITY ASSOCIATION LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that total income remained stable at approximately £305,000 while expenditure decreased to £273,628, resulting in a net surplus of £31,476. The trustees note that the charity is currently dependent on securing further funding to maintain service levels as the current Community Fund grant concludes. Unrestricted reserves increased to £90,764, which is above the stated policy target of six months' expenditure. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 15/12/2020 | £398k | Activities and Community Development |
| The National Lottery Community Fund | 27/03/2019 | £10k | Activities Coordinator |
| The National Lottery Community Fund | 20/11/2009 | £4k | Mature Movers |