THE HAZELWELL CENTRE
3. Object[s]The objects of the CIO are:To further or benefit the residents of Haswell and Haswell Plough and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £414,975, with free reserves of £43,685, against a policy target of approximately 12 months of running costs. The charity reported a net expenditure of £20,378 for the year, resulting in a decrease in total funds from £435,353 to £414,975. The independent examiner confirmed that accounting records were kept and financial statements accorded with those records.
What the accounts disclose
“The charity has a reserve policy which is kept under review and which currently seeks to maintain a minimum level of reserves of approximately 12 months running costs.” — page 5
Register events
- Received assets from another charity (12/07/2018)
Trustees
- CAROL KELL
- Denise Brooks
- NORMA MILLS
- Rona Hardy
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £44k | £64k |
| 31/12/2023 | £58k | £57k |
| 31/12/2022 | £5k | £27k |
| 31/12/2021 | £17k | £23k |
| 31/12/2020 | £20k | £29k |
Common questions
Is THE HAZELWELL CENTRE financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £414,975, with free reserves of £43,685, against a policy target of approximately 12 months of running costs. The charity reported a net expenditure of £20,378 for the year, resulting in a decrease in total funds from £435,353 to £414,975. The independent examiner confirmed that accounting records were kept and financial statements accorded with those records. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 05/11/2009 | £10k | kitchen extension and a loft conversion to store room |