ST LUKE'S WARD COMMUNITY ASSOCIATION, SOUTHEND-ON-SEA
The Association seeks to provide and co-ordinate projects and activities to benefit the local Ward. Currently, it runs a small subsidised cafe, two charity shops and puts on activities such as an Easter Egg Hunt, Quizzes a Christmas Fayre where presents are donated to children and operates coach trips for children, pensioners and residents.
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a net loss of £17,829.11 for the year ended 31 December 2024, resulting in a closing fund balance of £8,092.40. The trustees report that reserves are running low and that future cost-cutting measures will be necessary in 2025. The independent examiner noted that internal controls regarding cash handling and banking require improvement.
What the accounts disclose
“Future cost-cutting measures will need to be taken in 2025, as reserves are running low.”
“I consider that the charity would benefit from introducing tighter procedures around the handling, recording, and banking of cash takings. Implementing clearer reconciliations and documentation of income received would further enhance the robustness of internal controls.”
Trustees
- sheila veronica sextonchair
- Caroline Halliday
- Kerrie McAllister
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £47k | £64k |
| 31/12/2023 | £59k | £67k |
| 31/12/2022 | £64k | £65k |
| 31/12/2021 | £70k | £65k |
| 31/12/2020 | £49k | £33k |
Common questions
Is ST LUKE'S WARD COMMUNITY ASSOCIATION, SOUTHEND-ON-SEA financially healthy?
Per its FY2024 accounts: The accounts state that the charity incurred a net loss of £17,829.11 for the year ended 31 December 2024, resulting in a closing fund balance of £8,092.40. The trustees report that reserves are running low and that future cost-cutting measures will be necessary in 2025. The independent examiner noted that internal controls regarding cash handling and banking require improvement. Its FY2024 accounts were independently examined.