FRIENDS OF SPENCER PARK
To improve the environment and leisure facilities in Spencer Park and to promote their use while preserving the nature of the park.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a significant increase in net assets, rising from £49,545 to £352,544, driven largely by restricted grants for pavilion refurbishment. The trustees note that going concern status depends on continued support from key funders and stakeholders. The charity holds unrestricted reserves of £57,714 against a policy that currently allows funds to be held for pavilion restoration.
What the accounts disclose
“The charity's gross income for the reporting year ending 31 March 2025 was £334,847 of which £303,873 was given for the refurbishment of the Pavilion.” — page 5
“The trustees have agreed that, for the time being, funds not needed for the day-to-day running of the charity should be held in an account bearing interest and can be used if necessary in the restoration of the Pavilion.” — page 5
“The validity of this assumption is dependent upon the continuance of support from the Charity’s key funders and stakeholders and in response to the progress made by the Charity in pursuing a viable budget including the obtaining of further grants and donations.”
“Donations totalling £147.70 (2024: £1305.35) were received from one Trustee during the year. There are no further related party transactions that require disclosure in the accounts.” — page 16
Property (HM Land Registry)
Trustees
- Kenneth Taylorchair
- CAROL BAYLISS
- Danny Bailey
- Helen Spence
- KAREN BERRY
- TIM BROOKE
- ZILPHA REED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £335k | £32k |
| 31/03/2024 | £36k | £28k |
| 31/03/2023 | £25k | £18k |
| 31/03/2022 | £28k | £19k |
| 31/03/2021 | £9k | £3k |
Common questions
Is FRIENDS OF SPENCER PARK financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a significant increase in net assets, rising from £49,545 to £352,544, driven largely by restricted grants for pavilion refurbishment. The trustees note that going concern status depends on continued support from key funders and stakeholders. The charity holds unrestricted reserves of £57,714 against a policy that currently allows funds to be held for pavilion restoration. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 23/05/2024 | £155k | Community Ownership Fund |
| UK government | 22/05/2024 | £29k | Community Ownership Fund |
| The National Lottery Community Fund | 10/03/2023 | £3k | Coronation Big Lunch and Community Help out in Spencer Park and follow up events |