REDHILLS CIO
Financial health, per its FY2025 accounts
The accounts state that the charity holds total funds of £10,870,630, with free unrestricted reserves of £60,446. The trustees have not yet adopted a formal reserves policy as the charity is in the early stages of operational delivery. The auditors confirmed that the use of the going concern basis is appropriate and identified no material uncertainties regarding the charity's ability to continue in existence.
What the accounts disclose
“Durham Minors Association (DMA), of which Stephen Guy was Chairman, provided income totalling £nil (2024: £1,500,000) in aid of the Redhills Revealed capital project underway.” — page 29
Funders the charity credits
- National Heritage Lottery Fund
- Durham Miners’ Association
- Durham County Council
- The North East Area Miners’ Social Welfare Trust Fund
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Beth Jones
- CLR Elizabeth Scott
- David Anderson
- Kate Abson
- Mary Stratford
- Rachael Lennon
- Raymond Mills
- Victoria Hughes
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £4.3m | £551k |
| 31/03/2024 | £5.7m | £326k |
| 31/03/2023 | £1.9m | £167k |
| 31/03/2022 | £0 | £0 |
Common questions
Is REDHILLS CIO financially healthy?
The accounts state that the charity holds total funds of £10,870,630, with free unrestricted reserves of £60,446. The trustees have not yet adopted a formal reserves policy as the charity is in the early stages of operational delivery. The auditors confirmed that the use of the going concern basis is appropriate and identified no material uncertainties regarding the charity's ability to continue in existence. Its FY2025 accounts were audited by UNW LLP.