GRENDON AND BILLESLEY NURSERY AND FAMILY CENTRE
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves of £551,083 are carried forward, which the trustees consider sufficient to meet their policy target of maintaining three to six months' expenditure. The charity reported a net surplus of £47,291 for the year, driven by a surplus in its Children's Centre operations, although its nursery activities operated at a deficit. The trustees and auditors confirm the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“It is the policy of the Charitable company that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure.” — page 5
Funders the charity credits
- Neighbour Nursery Initiative
- Barnardos
Structured financials (annual return, FY ending 30/11/2024)
Register events
- Received assets from another charity (18/03/2024)
- Received assets from another charity (14/06/2017)
Trustees
- John Eng K Bloomfield
- Katherine Victoria Barwell
- Lynne Bishop
- Phelina Verniece Parmar
- Susan Ford
- Sylvia Phyllis Fry
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £2.5m | £2.4m |
| 30/11/2023 | £2.1m | £2.4m |
| 30/11/2022 | £2.2m | £2.1m |
| 30/11/2021 | £2.2m | £2.1m |
| 30/11/2020 | £2.2m | £1.9m |
Common questions
Is GRENDON AND BILLESLEY NURSERY AND FAMILY CENTRE financially healthy?
The accounts state that unrestricted reserves of £551,083 are carried forward, which the trustees consider sufficient to meet their policy target of maintaining three to six months' expenditure. The charity reported a net surplus of £47,291 for the year, driven by a surplus in its Children's Centre operations, although its nursery activities operated at a deficit. The trustees and auditors confirm the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2022 accounts were audited by M T Manley & Co. Limited.