RED HOUSE & DISTRICT COMMUNITY ASSOCIATION
The principal activity of this CIO is to operate a community building and to promote, for the benefit of the inhabitants of Redhouse Estate and the surrounding area, the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities, with the object of improving the quality of life of these individuals.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a small surplus of £599 for the year ended 31 December 2024, with total unrestricted reserves increasing to £23,506. However, the financial health is impacted by a significant fraud incident where £5,267 was stolen by a former treasurer, and the charity faces rising utility costs. The trustees maintain that the charity can continue operating without external funding for over twelve months, though they note dependence on uncertain funding streams for going concern purposes.
What the accounts disclose
“The trustees have agreed to maintain unrestricted funds at a level which will allow the Community Association to continue to operate, without any external funding, for a period in excess of twelve months.” — page 5
“Unrestricted funds are donated to the Community Association by Redhouse CA Social Club CIC (company number 11437623), a company limited by guarantee, on a monthly basis” — page 5
Trustees
- DONALD DAWN
- David Mulley
- Denise Mulley
- Dorothy Leach
- JAMES COLLINS
- June Dawn
- Noreen Reed
- Norma Richardson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £48k | £47k |
| 31/12/2023 | £39k | £45k |
| 31/12/2022 | £34k | £31k |
| 31/12/2021 | £17k | £24k |
| 31/12/2020 | £28k | £25k |
Common questions
Is RED HOUSE & DISTRICT COMMUNITY ASSOCIATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a small surplus of £599 for the year ended 31 December 2024, with total unrestricted reserves increasing to £23,506. However, the financial health is impacted by a significant fraud incident where £5,267 was stolen by a former treasurer, and the charity faces rising utility costs. The trustees maintain that the charity can continue operating without external funding for over twelve months, though they note dependence on uncertain funding streams for going concern purposes. Its FY2024 accounts were independently examined.