Charity Accounts Intelreading the accounts so you don’t have to

OLD STEVENAGE COMMUNITY ASSOCIATION

Registered charity 1169829 · accounts filings on the Charity Commission register

Community association managing Springfield House community centre in Stevenage Old Town

Causes: General Charitable Purposes · website · Get email alerts

Latest income
£71k
Latest spending
£68k
Registered
2016
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves stood at £28,064, which is below the stated policy target of three months' budgeted expenditure. The trustees identify low reserves as the main risk and are actively seeking to increase income streams to ensure the charity's financial sustainability.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three months budgeted expenditure (held: £28k)
“The Community Association’s reserves policy aims to keep undesignated (general) funds at a level equal to three months budgeted expenditure.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Stevenage Borough Council nominates a representative to the trustee board. No funding has been provided by Stevenage Borough Council to assist the charity in carrying out its charitable objectives within this financial year.
“Stevenage Borough Council nominates a representative to the trustee board. No funding has been provided by Stevenage Borough Council to assist the charity in carrying out its charitable objectives within this financial year. The total amount of funding in 2023/24 was zero.” — page 13
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Hertfordshire

Income and spending

Financial year endIncomeSpending
31/03/2025£71k£68k
31/03/2024£58k£57k
31/03/2023£63k£58k
31/03/2022£76k£84k
31/03/2021£72k£79k

Common questions

Is OLD STEVENAGE COMMUNITY ASSOCIATION financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £28,064, which is below the stated policy target of three months' budgeted expenditure. The trustees identify low reserves as the main risk and are actively seeking to increase income streams to ensure the charity's financial sustainability. Its FY2025 accounts were independently examined.