ATLANTIC RACQUET CENTRE
Financial health, per its FY2022 accounts
The accounts state that unrestricted funds total £1,728,416, which the trustees intend to use for phase 2 of the project and day-to-day operations. The charity faces a stated funding gap of £215,000 to complete its facilities, with a key risk identified as the failure to secure funds for this completion. Despite this dependency on future funding, the trustees and auditors have confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Trustees
- Anoushka Lynd FCA CTA
- Atlantic Coast Co-operative Trust
- DAVID VINALL
- Dr MARK RAMSAY CLAYTON
- Neil Darnley
- The Northam Care Trust
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £251k | £294k |
| 31/12/2023 | £279k | £256k |
| 31/12/2022 | £324k | £218k |
| 31/12/2021 | £318k | £250k |
| 31/12/2020 | £325k | £129k |
Common questions
Is ATLANTIC RACQUET CENTRE financially healthy?
The accounts state that unrestricted funds total £1,728,416, which the trustees intend to use for phase 2 of the project and day-to-day operations. The charity faces a stated funding gap of £215,000 to complete its facilities, with a key risk identified as the failure to secure funds for this completion. Despite this dependency on future funding, the trustees and auditors have confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2022 accounts were audited by Westcotts (SW) LLP.
Who funds ATLANTIC RACQUET CENTRE?
Funders whose own accounts filings name ATLANTIC RACQUET CENTRE as a grant recipient include THE BRIDGE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE BRIDGE TRUST | FY2023 | £23k |
| THE BRIDGE TRUST | FY2021 | £5k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE SIR JOHN RITBLAT FAMILY FOUNDATION | 1 | £50k |
| THE JIGSAW NETWORK C.I.O. | 1 | £10k |
| THE BRANCH TRUST, CHIPPING NORTON (CIO) | 1 | £5k |
| THE HADFIELD CHARITABLE TRUST | 1 | £3k |
| THE DANSON FOUNDATION | 1 | £1k |
| JOHN JACKSON CHARITABLE TRUST | 1 | £700 |