LARC DEVELOPMENT TRUST
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.
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.
What the accounts disclose
“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
Policies the charity declares
- Complaints handling
- Conflicting interests
- Financial reserves policy and procedures
- Paying staff
- Risk management
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Funders the charity credits
- Herefordshire Council
Property (HM Land Registry)
Register events
- Received assets from another charity (14/05/2021)
Trustees
- Jacqueline Anne Herschychair
- Andrew Charles Scholar
- Felicity Norman
- John Stone
- PATRICIA ANN POTHECARY
- Russell Sutcliffe
- Stephen Thornhill
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 18/05/2020 | £15k | "COVID19: LARC Development Trust" |
| The National Lottery Community Fund | 16/11/2016 | £10k | LeominsterTimeCurrency-Phase 1 Development of Core Delivery Mechanisms |
| The National Lottery Heritage Fund | 28/07/2014 | £10k | "Food Scarcity - A WW1 Home Front Project" |
| The National Lottery Community Fund | 28/05/2014 | £10k | Opening Grange court to the Community |
| The National Lottery Heritage Fund | 15/03/2011 | £325k | "The Restoration of Grange Court, Leominster - Building on the Past for the Future" |