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.
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
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 |