LOUGHBOROUGH WELLBEING CENTRE (CIO)
We provide a safe and welcoming meeting place for people who are experiencing or recovering from mental health difficulties. We are suitable for people looking for fun activities and somewhere to rediscover their self-confidence and be socially active again.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure deficit of £25,557 for the year ended 31 December 2024, resulting in total net assets decreasing from £126,486 to £100,929. The trustees consider that reserves equal to six months of operating expenditure are appropriate, though no specific monetary policy target is explicitly quantified in the text. The charity operates a defined contribution pension scheme and has no disclosed trading subsidiaries or related-party transactions.
What the accounts disclose
“The trustees believe that an amount equal to 6 months of operating expenditure included in the 2024/25 operating plan would be appropriate” — page 5
Trustees
- Thomas Clifford Walterschair
- Brian Drury
- Dr Katherine Ilona Berry
- James Mark Poland
- Nicholas Harold Randell Simpson
- Perminder Kaur Atwal
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £194k | £220k |
| 31/12/2023 | £253k | £196k |
| 31/12/2022 | £187k | £145k |
| 31/12/2021 | £91k | £64k |
Common questions
Is LOUGHBOROUGH WELLBEING CENTRE (CIO) financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure deficit of £25,557 for the year ended 31 December 2024, resulting in total net assets decreasing from £126,486 to £100,929. The trustees consider that reserves equal to six months of operating expenditure are appropriate, though no specific monetary policy target is explicitly quantified in the text. The charity operates a defined contribution pension scheme and has no disclosed trading subsidiaries or related-party transactions. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 12/02/2026 | £9k | Mind in Motion |
| The National Lottery Community Fund | 28/07/2022 | £296k | Loughborough Wellbeing Centre |
| UK government | 11/02/2022 | £10k | Covenant Fund |