NORTH HUYTON COMMUNITIES FUTURE
Financial health, per its FY2024 accounts
The accounts state that the charity made a surplus of £570,463 for the year ended 31 March 2024, increasing its total unrestricted reserves to £2,396,608. The trustees report that no specific reserves policy is required as the charity holds no debt and has no future funding needs. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“No amount of reserves is required to be held as the Charity holds no debt and has no future funding needs.” — page 3
“The company made a final deficit payment on the 6th June 2023 for the value of £204,715.” — page 17
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- KENNETH WILLIAM McGLASHANchair
- BERNADETTE THOMPSON
- Frances McCann
- PAULINE LANKERTIS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £906k | £525k |
| 31/03/2024 | £959k | £388k |
| 31/03/2023 | £119k | £344k |
| 31/03/2022 | £1.1m | £334k |
| 31/03/2021 | £154k | £502k |
Common questions
Is NORTH HUYTON COMMUNITIES FUTURE financially healthy?
The accounts state that the charity made a surplus of £570,463 for the year ended 31 March 2024, increasing its total unrestricted reserves to £2,396,608. The trustees report that no specific reserves policy is required as the charity holds no debt and has no future funding needs. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Haines Watts.