THE CIRENCESTER COMMUNITY DEVELOPMENT TRUST LTD.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £39,405 for the year, resulting in a decrease in total net assets from £127,692 to £88,287. The trustees note that free reserves of £49,337 are sufficient to meet challenges arising from the cost of living crisis and allow the charity to continue operating for at least 12 months. However, the charity's primary funding from the Town Council was terminated during the year, creating a significant uncertainty regarding future funding sustainability.
What the accounts disclose
“The Trustees have established a policy whereby the free reserves held by the charity should enable the charity to operate and support ongoing projects for at least 12 months.” — page 14
“The gifts in kind relate to office services provided by Cirencester Town Council. The trustees have valued these at the value the Trust would have expected to pay.” — page 20
“Adding to this situation was the very evident deterioration in relations with the Town Council, which was also its primary partner and most significant funder.”
“From the outset, it became clear that CCDT’s reputation was lower that members may have wished: none of the respondents interviewed expressed the view that CCDT was an effective or influential organization.” — page 7
“Adding to this situation was the very evident deterioration in relations with the Town Council, which was also its primary partner and most significant funder.”
“From the outset, it became clear that CCDT’s reputation was lower that members may have wished: none of the respondents interviewed expressed the view that CCDT was an effective or influential organization.” — page 7
Corporate structure
- Registered company of the charity Companies House 08022457
Trustees
- Andrew Philip BROWN
- Anne Buffoni
- Derek Callanan
- Gaynor Hutton
- Nick Hunt
- Victoria Susan Foster
- William Cobbett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2025 | £182k | £135k |
| 30/04/2024 | £98k | £137k |
| 30/04/2023 | £106k | £116k |
| 30/04/2022 | £61k | £61k |
| 30/04/2021 | £59k | £51k |
Common questions
Is THE CIRENCESTER COMMUNITY DEVELOPMENT TRUST LTD. financially healthy?
The accounts state that the charity reported a net expenditure of £39,405 for the year, resulting in a decrease in total net assets from £127,692 to £88,287. The trustees note that free reserves of £49,337 are sufficient to meet challenges arising from the cost of living crisis and allow the charity to continue operating for at least 12 months. However, the charity's primary funding from the Town Council was terminated during the year, creating a significant uncertainty regarding future funding sustainability. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Point North Community Foundation | 1 | £882k |
| FRIENDS OF WIZNITZ LIMITED | 1 | £335k |
| SF FOUNDATION | 1 | £209k |
| GILMOOR BENEVOLENT FUND LIMITED | 1 | £154k |
| CMZ LTD | 1 | £137k |
| NES FOUNDATION LTD | 1 | £112k |
| MERCAZ TORAH VECHESED LIMITED | 1 | £104k |
| TAGMARSH CHARITY LIMITED | 1 | £75k |
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