FRATTON COMMUNITY ASSOCIATION
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of £184 for the period, with unrestricted funds totaling £70,025. However, the trustees note that free reserves of £58,000 are below their stated policy target of £115,000 to £175,000. Despite challenging financial conditions, the trustees remain confident in the charity's ability to continue as a going concern.
What the accounts disclose
“Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific conditions is recognised as earned” — page 10
“The level of free reserves is therefore short of the targeted minimum reserves policy.” — page 4
Trustees
- Thomas Patrick Harold Coleschair
- Clive Brian Padfield
- Cllr David Colby Ashmore
- David George Kelloway
- Jacob Lee Short
- Susan Helen Goodbrand
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £300k | £299k |
| 31/03/2024 | £0 | £0 |
Common questions
Is FRATTON COMMUNITY ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a surplus of £184 for the period, with unrestricted funds totaling £70,025. However, the trustees note that free reserves of £58,000 are below their stated policy target of £115,000 to £175,000. Despite challenging financial conditions, the trustees remain confident in the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 11/03/2011 | £10k | BLT/GPI Fratton |
| The National Lottery Community Fund | 13/03/2006 | £4k | Youth Club |