CHERRY GROCE FOUNDATION
Cherry Groce Foundation exists to to relieve the need of those with a physical or mental impairment / disability
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a net deficit of £10,061 for the year ended 31 March 2025, resulting in unrestricted reserves falling to a negative £30,579. The trustees note that the level of reserves required by their policy could not be maintained due to challenges faced during the year. However, the trustees consider the charity has sufficient resources to meet its obligations for at least 12 months, maintaining a going concern basis.
What the accounts disclose
“The Trustees aim to retain sufficient free reserves at a level which equate to a minimum of three months of unrestricted expenditure.” — page 7
Trustees
- LEE LAWRENCEchair
- Fitzroy Dawson
- Nyemeh Badjan
- STEVEN MCKAY BSC, MRICS
- Simon Jones
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £112k | £122k |
| 31/03/2024 | £121k | £109k |
| 31/03/2023 | £64k | £105k |
| 31/03/2022 | £93k | £83k |
| 31/03/2021 | £22k | £21k |
Common questions
Is CHERRY GROCE FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a net deficit of £10,061 for the year ended 31 March 2025, resulting in unrestricted reserves falling to a negative £30,579. The trustees note that the level of reserves required by their policy could not be maintained due to challenges faced during the year. However, the trustees consider the charity has sufficient resources to meet its obligations for at least 12 months, maintaining a going concern basis. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 21/12/2023 | £20k | Cherry Groce Foundation: Education Project |
| UK government | 24/06/2020 | £10k | Coronavirus Community Support Fund |