NEWTOWN & VICTORIA SPRINGBOARD LTD
The charity trades under the name Victoria Park Community CentreThe Community Centre operates in the Victoria and Newtown area of Bridgwater Somerset, it manages a site consisting of the community centre, medical centre, childrens centre, nursery and pharmacy.The community centre hires out its rooms to local peolpe and organisations and is also home to 3 local charities
Financial health, per its FY2025 accounts
The charity holds unrestricted reserves of £234,804, which the trustees state is maintained to meet a policy target of approximately three months of expenditure. Despite rising operational costs and legal fees from a tenant dispute, the charity reported a net surplus for the year and confirmed that all activities are continuing operations.
What the accounts disclose
“The company also continues to hold an independent reserve account separate to its trading accounts to ensure it meets the requirements of the charity commission of having a financial reserve of approx. 3 months expenditure.” — page 5
Property (HM Land Registry)
Register events
- Received assets from another charity (08/03/2017)
Trustees
- Michael James Lerrychair
- Elizabeth Marsh
- LYNN MEAD
- Melissa Lewis
- Sharon Marie Nicholls
- Susan Sheree Grafton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £343k | £304k |
| 31/03/2024 | £294k | £297k |
| 31/03/2023 | £294k | £239k |
| 31/03/2022 | £219k | £189k |
| 31/03/2021 | £208k | £186k |
Common questions
Is NEWTOWN & VICTORIA SPRINGBOARD LTD financially healthy?
Per its FY2025 accounts: The charity holds unrestricted reserves of £234,804, which the trustees state is maintained to meet a policy target of approximately three months of expenditure. Despite rising operational costs and legal fees from a tenant dispute, the charity reported a net surplus for the year and confirmed that all activities are continuing operations. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 06/01/2023 | £10k | Victoria Park - Local Pantry |