FERRYSIDE SOCIAL ENTERPRISE GROUP
To benefit the residents of Ferryside, Carmarthenshire and the neighbourhood, by associating together to provide facilities in the interests of social welfare, recreation and leisure time occupation. In furtherance of these objects :To establish a community centre for activities promoted by the charity in furtherance of the above objects.
Objects
TO FURTHER OR BENEFIT THE RESIDENTS OF FERRYSIDE, CARMARTHENSHIRE AND THE NEIGHBOURHOOD, WITHOUT DISTINCTION OF SEX, SEXUAL ORIENTATION, RACE OR OF POLITICAL, RELIGIOUS OR OTHER OPINIONS BY ASSOCIATING TOGETHER THE SAID RESIDENTS AND THE LOCAL AUTHORITIES, VOLUNTARY AND OTHER ORGANISATIONS IN A COMMON EFFORT TO ADVANCE EDUCATION AND TO PROVIDE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION LEISURE TIME OCCUPATION WITH THE OBJECTIVE OF IMPROVING THE CONDITIONS OF LIFE FOR THE RESIDENTS.SUCH OTHER CHARITABLE PURPOSES WHICH MAY BE CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES. IN FURTHERANCE OF THESE OBJECTS BUT NOT OTHERWISE, THE TRUSTEES SHALL HAVE POWER:TO ESTABLISH OR SECURE THE ESTABLISHMENT OF A COMMUNITY CENTRE AND TO MAINTAIN OR MANAGE OR CO-OPERATE WITH ANY STATUTORY AUTHORITY IN THE MAINTENANCE AND MANAGEMENT OF SUCH A CENTRE FOR ACTIVITIES PROMOTED BY THE CHARITY IN FURTHERANCE OF THE ABOVE OBJECTS.
Financial health, per its FY2024 accounts
The accounts state that the financial picture remains stable with a positive balance maintained through careful management despite lower-than-hoped external funding. The charity holds unrestricted reserves of £57,148, which exceeds its stated policy target of two months of core staff salaries plus £3,000. The independent examiner reported no matters requiring attention, and the trustees confirmed the charity is a going concern.
What the accounts disclose
“Rental Income 65,455”
“The reserve policy is to retain a minimum of two months of core staff salaries plus £3,000.” — page 5
“A long-term loan of £1,000 from a former trustee remains outstanding in the accounts and will only be repayable if the organisation is to close.” — page 13
Policies the charity declares
- Bullying and harassment policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Volunteer management
Property (HM Land Registry)
Trustees
- James Greenwellchair
- Amanda Simisker
- Elizabeth Margaret Gibson
- Pam Rogers
- Roseanne Blackwell McPhail
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £105k | £112k |
| 31/12/2023 | £147k | £112k |
| 31/12/2022 | £134k | £143k |
| 31/12/2021 | £145k | £149k |
| 31/12/2020 | £188k | £100k |
Common questions
Is FERRYSIDE SOCIAL ENTERPRISE GROUP financially healthy?
Per its FY2024 accounts: The accounts state that the financial picture remains stable with a positive balance maintained through careful management despite lower-than-hoped external funding. The charity holds unrestricted reserves of £57,148, which exceeds its stated policy target of two months of core staff salaries plus £3,000. The independent examiner reported no matters requiring attention, and the trustees confirmed the charity is a going concern. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 13/11/2023 | £10k | Creu Cysylltiadau / Creating Connections |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MISS E F RATHBONE CHARITABLE TRUST | 1 | £3k |
| SIR HARRY PILKINGTON FUND | 1 | £3k |
| THE OAKDALE TRUST | 1 | £1k |
| THE NORTH WALES POLICE AND COMMUNITY TRUST | 1 | £150 |
Charities like this
- DEESIDE COMMUNITY TRUST
- BRIDGE COMMUNITY CENTRE LIMITED
- KNIGHTON AND DISTRICT COMMUNITY CENTRE
- PARKSIDE COMMUNITY CENTRE
- FEARON COMMUNITY ASSOCIATION LIMITED
- West Wight Sports and Community Centre Trust Ltd
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FERRYSIDE SOCIAL ENTERPRISE GROUP | £105k | — | 0 | above | — | no doubt |
| DEESIDE COMMUNITY TRUST | £599k | — | 0 | above | — | no doubt |
| BRIDGE COMMUNITY CENTRE LIMITED | £164k | — | 0 | below | — | no doubt |
| KNIGHTON AND DISTRICT COMMUNITY CENTRE | £215k | — | 0 | below | — | noted |
| PARKSIDE COMMUNITY CENTRE | £170k | — | 0 | above | — | no doubt |
| FEARON COMMUNITY ASSOCIATION LIMITED | £305k | — | 0 | above | — | noted |