SEVERN CENTRE TRUST LTD
Community Centre, Library and recreational facilities, including sports fields, tennis courts and fitness suit.
Financial health, per its FY2024 accounts
The accounts state that the charity achieved a surplus on unrestricted funds for the year ended 31 December 2024, with total funds decreasing slightly from £1,995,598 to £1,944,557 due to a deficit in restricted funds. The trustees confirm that the organization is a going concern with sufficient budgeted income and reserves to continue operations. Unrestricted reserves stood at £75,265, which is above the stated minimum policy requirement of £60,000.
What the accounts disclose
“The current policy is the unrestricted funds not committed or invested in tangible assets held by the trust should be between six and thirteen weeks of the trust's annual expenditure on payroll costs, property operating expenses and administration expenses. If there was to occur a significant drop in funding, it has been identified that the trust will need to have access to unrestricted reserves with a current value of at least £60,000 which represents thirteen weeks of the trust's annual expenses.”
Register events
- Received assets from another charity (24/10/2011)
Trustees
- Clare Edginton
- MARK ANDREW WILLIAM SALT
- Owen Ross Whelan
- WILLIAM JOSEPH CAMPION
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £289k | £280k |
| 31/12/2023 | £257k | £299k |
| 31/12/2022 | £245k | £321k |
| 31/12/2021 | £251k | £249k |
| 31/12/2020 | £172k | £230k |
Common questions
Is SEVERN CENTRE TRUST LTD financially healthy?
Per its FY2024 accounts: The accounts state that the charity achieved a surplus on unrestricted funds for the year ended 31 December 2024, with total funds decreasing slightly from £1,995,598 to £1,944,557 due to a deficit in restricted funds. The trustees confirm that the organization is a going concern with sufficient budgeted income and reserves to continue operations. Unrestricted reserves stood at £75,265, which is above the stated minimum policy requirement of £60,000. Its FY2024 accounts were audited by McCabe Ford Williams.