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FRIENDS OF THE VALE

Registered charity 1190598 · accounts filings on the Charity Commission register

TO ADVANCE THE EDUCATION OF THE PUBLIC IN DANCE, MUSIC, THEATRE, MUSIC TECHNOLOGY, VISUAL ARTS AND CARNIVAL ARTS AND INTERNATIONAL CULTURES BY DELIVERING PROJECTS, EVENTS AND WORKSHOPS AND BY PROVIDING FUNDING ASSISTANCE TO SUPPORT INCLUSIVE ARTS ACTIVITIES AT THE VALE, TAMESIDE.

Causes: General Charitable Purposes · Disability · Arts/culture/heritage/science · Economic/community Development/employment · Human Rights/religious Or Racial Harmony/equality Or Diversity · Get email alerts

Latest income
£39k
Latest spending
£27k
Registered
2020
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net surplus of £11,533 for the year, with total income of £38,789 against expenditure of £27,256. However, the trustees note that current unrestricted reserves of £1,483 are below their stated policy target of three months of unrestricted charitable expenditure, and reserves will need to be built up over the following 12 months.

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

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £1k; policy: three months of unrestricted charitable expenditure)
“Current reserves are below this level and over the following 12 months reserves will need to be built up in line with increased expenditure.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Note 8 and 9
“The key management personnel of the charity comprise the trustees. No member of the key management team were remunerated by the charity, but were employed by Global Grooves who own the Vale. The charity paid Global Grooives £12,200 during the year” — page 16
“One trustee received remuneration for services to the charity of £nil (2024: £250) in the year.” — page 16
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Note 9
“The key management personnel of the charity comprise the trustees. No member of the key management team were remunerated by the charity, but were employed by Global Grooves who own the Vale. The charity paid Global Grooives £12,200 during the year” — page 16
“One trustee received remuneration for services to the charity of £nil (2024: £250) in the year.” — page 16
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

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

Operates in: Tameside

Income and spending

Financial year endIncomeSpending
31/03/2025£39k£27k
31/03/2024£17k£25k
31/03/2023£66k£18k
31/03/2022£106£2
31/03/2021£0£0

Common questions

Is FRIENDS OF THE VALE financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £11,533 for the year, with total income of £38,789 against expenditure of £27,256. However, the trustees note that current unrestricted reserves of £1,483 are below their stated policy target of three months of unrestricted charitable expenditure, and reserves will need to be built up over the following 12 months. Its FY2025 accounts were independently examined.