CROMFORD STEAM RALLY SOCIETY
Latest income
£176k
Latest spending
£96k
Registered
2022
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity held total funds of £143,398.00 at the end of the reporting period, resulting in an operating balance of £79,776.00 for the year. The trustees report no doubt or uncertainty regarding the charity's ability to continue as a going concern. However, the charity notes a shortfall in its reserve funds relative to its stated policy target.
What the accounts disclose
Reserves policy: 2 x the average costs of the previous 5 main events (held: £143k)
“Cromford Steam Rally Society has a long-established policy to hold reserve funds equal to 2 x the average costs of the previous 5 main events (Cromford Steam Rally).” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Corporate structure
- Registered company of the charity Companies House 03961709
Trustees
- DARREN MELLOR
- GRAHAM WRIGHT
- RICHARD WHITTLE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £176k | £96k |
| 31/12/2023 | £71k | £95k |
Common questions
Is CROMFORD STEAM RALLY SOCIETY financially healthy?
The accounts state that the charity held total funds of £143,398.00 at the end of the reporting period, resulting in an operating balance of £79,776.00 for the year. The trustees report no doubt or uncertainty regarding the charity's ability to continue as a going concern. However, the charity notes a shortfall in its reserve funds relative to its stated policy target.