DESIGN MIDLANDS LIMITED
Financial health, per its FY2022 accounts
The accounts state that total turnover increased significantly from £213,700 to £817,000, driven by private sector support replacing government grants. Free reserves marginally increased by £6,000 to £243,000, which the trustees confirm remains above their minimum policy target. The charity reports no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“This remains above the minimum level set by trustees enabling continued investment in new products and services.” — page 5
Register events
- Received assets from another charity (23/10/2024)
Trustees
- Adam James Lathbury
- Angela Reeve
- GARY GLENDON HUNT
- JO FAIRFAX
- Lindsey Ann Richards
- Oliver James William Spicer
- Paul Richard Watson
- Shauna Mary Bradley
- Stephen Martin Stoney
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £300k | £300k |
| 31/03/2024 | £221k | £217k |
| 31/03/2023 | £170k | £177k |
| 31/03/2022 | £170k | £162k |
| 31/03/2021 | £137k | £143k |
Common questions
Is DESIGN MIDLANDS LIMITED financially healthy?
The accounts state that total turnover increased significantly from £213,700 to £817,000, driven by private sector support replacing government grants. Free reserves marginally increased by £6,000 to £243,000, which the trustees confirm remains above their minimum policy target. The charity reports no material uncertainties regarding its ability to continue as a going concern. Its FY2022 accounts were independently examined.