Spring North Ltd.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a net deficit of £95,697 for the year ended 31 March 2025, resulting in total funds decreasing from £786,652 to £690,955. Per the trustees' report, unrestricted reserves of £576,222 remain in excess of the stated policy target of six months' core running expenditure. The trustees and auditors confirm the charity has adequate resources to continue in operational existence for at least the twelve-month period following approval.
What the accounts disclose
“No employees received emoluments of more than £60,000 during the year (2024: £60,000).” — page 29
“The Trustees originally set a policy of aiming to accumulate unrestricted funds which have not been designated for a specific use which are equivalent to six months' of core running expenditure.” — page 13
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (14/09/2019)
Trustees
- Arif Patel
- Balwinder Kaur
- Claire Bennett
- Faith Marriott
- Ian William Gibbs
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.8m | £2.9m |
| 31/03/2024 | £2.3m | £1.8m |
| 31/03/2023 | £1.7m | £1.6m |
| 31/03/2022 | £1.6m | £1.6m |
| 31/03/2021 | £1.2m | £1.2m |
Common questions
Is Spring North Ltd. financially healthy?
The accounts state that the charity incurred a net deficit of £95,697 for the year ended 31 March 2025, resulting in total funds decreasing from £786,652 to £690,955. Per the trustees' report, unrestricted reserves of £576,222 remain in excess of the stated policy target of six months' core running expenditure. The trustees and auditors confirm the charity has adequate resources to continue in operational existence for at least the twelve-month period following approval. Its FY2025 accounts were audited by MHA.
What does the highest-paid employee of Spring North Ltd. earn?
Per its FY2025 accounts, the highest-paid employee was in the Under £60,000 band.