LARC DEVELOPMENT TRUST

Registered charity 1142290 · accounts filings on the Charity Commission register · also known as LARC, LEOMINSTER AREA REGENERATION COMPANY LTD

LARC owns and operates Grange Court in Leominster as a Heritage, Community and Enterprise Hub.It is working with community and voluntary groups across the area to promote its charitable objectives.

Objects

1) TO FURTHER OR BENEFIT THE RESIDENTS OF LEOMINSTER AND THE SURROUNDING AREA, WITHOUT DISTINCTION OF SEX, SEXUAL ORIENTATION, RACE OR OF POLITICAL, RELIGIOUS OR OTHER OPINIONS BY ASSOCIATING TOGETHER THE SAID RESIDENTS AND THE LOCAL AUTHORITIES, VOLUNTARY AND OTHER ORGANISATIONS IN A COMMON EFFORT TO ADVANCE EDUCATION AND TO PROVIDE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION LEISURE TIME OCCUPATION WITH THE OBJECTIVE OF IMPROVING THE CONDITIONS OF LIFE FOR THE RESIDENTS. 2) THE PRESERVATION OF BUILDINGS OR SITES OF HISTORICAL OR ARCHITECTURAL IMPORTANCE, IN PARTICULAR BUT NOT EXCLUSIVELY THE BUILDING KNOWN AS GRANGE COURT, FOR THE PUBLIC BENEFIT AND TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE HISTORY OF THE BUILDING AND ITS SURROUNDINGS. 3)SUCH CHARITABLE PURPOSES FOR THE PUBLIC BENEFIT AS ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Education/training · Disability · The Prevention Or Relief Of Poverty · Arts/culture/heritage/science · Environment/conservation/heritage · website · Get email alerts

Latest income
£216k
Latest spending
£251k
Registered
2011
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity generated a net expenditure of £35,023 for the year, resulting in a decrease in total funds. The trustees report that charitable and fundraising income is insufficient to finance large new investments, such as exterior refurbishment, which require external grant funding. Despite this, the charity maintains unrestricted reserves of £42,853, which is below its stated policy target of £60,000.

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

What the accounts disclose

Reserves policy: three months of unrestricted expenditure (held: £43k)
“The Charity aims to hold free reserves of £60,000, defining free reserves as unrestricted net current assets and basing this on three months of expenditure.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.

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

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Funders the charity credits

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

Property (HM Land Registry)

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

Public profiles (found on the charity’s own website): facebook

Register events

Trustees · trustee networks

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

Operates in: Herefordshire · Shropshire · Worcestershire

Income and spending

Financial year endIncomeSpending
31/03/2025£216k£251k
31/03/2024£204k£225k
31/03/2023£184k£176k
31/03/2022£143k£124k
31/03/2021£187k£108k

Common questions

Is LARC DEVELOPMENT TRUST financially healthy?

Per its FY2025 accounts: The accounts state that the charity generated a net expenditure of £35,023 for the year, resulting in a decrease in total funds. The trustees report that charitable and fundraising income is insufficient to finance large new investments, such as exterior refurbishment, which require external grant funding. Despite this, the charity maintains unrestricted reserves of £42,853, which is below its stated policy target of £60,000. Its FY2025 accounts were independently examined.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund18/05/2020£15k"COVID19: LARC Development Trust"
The National Lottery Community Fund16/11/2016£10kLeominsterTimeCurrency-Phase 1 Development of Core Delivery Mechanisms
The National Lottery Heritage Fund28/07/2014£10k"Food Scarcity - A WW1 Home Front Project"
The National Lottery Community Fund28/05/2014£10kOpening Grange court to the Community
The National Lottery Heritage Fund15/03/2011£325k"The Restoration of Grange Court, Leominster - Building on the Past for the Future"