STONEGROVE COMMUNITY TRUST
Lease and management of OneStonegrove, joint community and church centreFunding and support of community development activities to create one community
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net income of £10,798 for the year, resulting in total funds of £2,074,864. However, the trustees report that free/unrestricted reserves of £48,489 are below their stated policy target of £100,000 to £170,000. The trustees note that rising staffing costs and a gap in youth club funding present ongoing financial pressures, but they remain confident in their earned-income model.
What the accounts disclose
“Our current free reserves at the end of 2024 are £48,489. We are currently working to a model where we can generate a surplus without charitable income. This cautious approach prioritises increasing reserves steadily again over the next 3-5 years.”
Property (HM Land Registry)
Trustees
- Burhan Barlas
- GILAD YEHUDA LIMOR
- Graeme Joseph Davidson
- Justyna Anna Bedkowska
- Leena Malde
- Lucy Wakeley
- Luke Levine
- Rev SIMON WILLIAM JOHN REA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £406k | £395k |
| 31/12/2023 | £456k | £489k |
| 31/12/2022 | £348k | £408k |
| 31/12/2021 | £371k | £373k |
| 31/12/2020 | £245k | £268k |
Common questions
Is STONEGROVE COMMUNITY TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a net income of £10,798 for the year, resulting in total funds of £2,074,864. However, the trustees report that free/unrestricted reserves of £48,489 are below their stated policy target of £100,000 to £170,000. The trustees note that rising staffing costs and a gap in youth club funding present ongoing financial pressures, but they remain confident in their earned-income model. Its FY2024 accounts were independently examined.
Who funds STONEGROVE COMMUNITY TRUST?
Funders whose own accounts filings name STONEGROVE COMMUNITY TRUST as a grant recipient include THE YOUNG BARNET FOUNDATION, JOHN LYON'S CHARITY, THE PETER STEBBINGS MEMORIAL CHARITY, SKIPTON BUILDING SOCIETY CHARITABLE FOUNDATION, W G EDWARDS CHARITABLE FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE YOUNG BARNET FOUNDATION | FY2022 | £23k | Space2Grow |
| THE YOUNG BARNET FOUNDATION | FY2021 | £12k | Space2Grow 17 |
| THE YOUNG BARNET FOUNDATION | FY2023 | £11k | Space2Grow CYP Fund |
| JOHN LYON'S CHARITY | FY2025 | £5k | the Half-Term Youth Club, 2024/25 |
| THE PETER STEBBINGS MEMORIAL CHARITY | FY2023 | £5k | |
| THE PETER STEBBINGS MEMORIAL CHARITY | FY2022 | £5k | |
| SKIPTON BUILDING SOCIETY CHARITABLE FOUNDATION | FY2024 | £2k | |
| W G EDWARDS CHARITABLE FOUNDATION | FY2023 | £1k | |
| GOWLING WLG (UK) CHARITABLE TRUST | FY2025 | £1k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| City Bridge Foundation | 04/08/2023 | £39k | Grant to Stonegrove Community Trust |
| The National Lottery Community Fund | 22/04/2022 | £10k | Youth-Led design of an outdoor play area on Stonegrove Estate |
| City Bridge Foundation | 04/10/2021 | £3k | Grant to Stonegrove Community Trust |
| The National Lottery Community Fund | 27/08/2021 | £108k | Barnet Social Action Hub |
| The National Lottery Community Fund | 30/04/2020 | £10k | Covid-19 Response: Providing a meal and a chat to vulnerable people in Barnet |
| City Bridge Foundation | 18/11/2019 | £2k | Eco audit to Stonegrove Community Trust |