TOP VALLEY COMMUNITY ASSOCIATION
The Top Valley Community Centre aim to provide a range of activities and services for the local and wider communities. Some of our regular activities include sports, Faith groups, Zumba, fitness sessions (Y.M.C.A), Slimming World, Tenants and Residents Association. Craft and Chat , Coffee mornings.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £8,445 for the year, resulting in a decrease in unrestricted funds from £123,274 to £114,829. The trustees note that the charity must now pay market rate for rent, which will cause a large increase in expenditure, and that the reserves policy is changing from a 25% emergency reserve to 10%. Despite these risks, the financial statements were prepared on a going concern basis.
What the accounts disclose
“We keep a emergency 25% reserve however this will be changing soon due to increased rental costs. This will be changed to 10%” — page 5
Trustees
- CHRISTOPHER NEEDHAM
- CHRISTOPHER ROBIN GOODWIN
- Michael Paul Lee
- Stephen Paul Grocock
- TERESA GOODWIN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £53k | £61k |
| 31/05/2024 | £45k | £38k |
| 31/05/2023 | £40k | £31k |
| 31/05/2022 | £35k | £31k |
| 31/05/2021 | £46k | £25k |
Common questions
Is TOP VALLEY COMMUNITY ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £8,445 for the year, resulting in a decrease in unrestricted funds from £123,274 to £114,829. The trustees note that the charity must now pay market rate for rent, which will cause a large increase in expenditure, and that the reserves policy is changing from a 25% emergency reserve to 10%. Despite these risks, the financial statements were prepared on a going concern basis. Its FY2025 accounts were independently examined.