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LAUNCESTON LEISURE CENTRE LIMITED

Registered charity 1206266 · accounts filings on the Charity Commission register

To promote for the benefit of the inhabitants of Launceston and the surrounding area the provision of facilities for recreation or other leisure time occupation for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.

Objects

TO PROMOTE FOR THE BENEFIT OF THE INHABITANTS OF LAUNCESTON AND THE SURROUNDING AREA THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION FOR THE PUBLIC AT LARGE IN THE INTERESTS OF SOCIAL WELFARE AND WITH THE OBJECT OF IMPROVING THE CONDITION OF LIFE OF THE SAID INHABITANTS.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Recreation · website · Get email alerts

Latest income
£518k
Latest spending
£511k
Registered
2023
Accounts read
FY2026

Financial health, per its FY2026 accounts

The accounts state that the charity reported a small surplus of £6,194 for the year ended 31 January 2026, with total income of £517,584 against expenditure of £511,390. However, the unrestricted fund balance remains in a deficit position of £17,780, which the trustees attribute to the charity's start-up period and note is steadily reducing due to recent monthly surpluses. The trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future.

Automated summary of the FY2026 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Memberships (47% of income)
“Memberships Charitable Activities 245,854” — page 13
Per its FY2026 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £-18k; policy: six month's running costs (approximately £200,000))
“As at 31st January 2026 the charitable company had no unrestricted free reserves available to spending as there was a deficit on this fund, after allowing for tangible fixed assets, of £30,509.” — page 4
Per its FY2026 accounts as filed with the Charity Commission.
Related-party transaction: Concessionary loan from Brownbrink Limited (trustee M Davey's company)
“Throughout the period, no further amounts have been loaned to the charity from Brownbrink Limited, of which trustee M Davey is the sole director and shareholder. This is currently presented as a concessionary loan on which no interest is being charged, total balance of which stands at £90,000.” — page 18
“Payments have also been made throughout the period to Triple D Construction Limited (of which M Davey is a director) for repairs and maintenance to the building. These payments totalled £2,125.” — page 18
Per its FY2026 accounts as filed with the Charity Commission.
Related-party transaction: Payments to Triple D Construction Limited (trustee M Davey's company) for repairs
“Throughout the period, no further amounts have been loaned to the charity from Brownbrink Limited, of which trustee M Davey is the sole director and shareholder. This is currently presented as a concessionary loan on which no interest is being charged, total balance of which stands at £90,000.” — page 18
“Payments have also been made throughout the period to Triple D Construction Limited (of which M Davey is a director) for repairs and maintenance to the building. These payments totalled £2,125.” — page 18
Per its FY2026 accounts as filed with the Charity Commission.
Related-party transaction: Reimbursement of expenditure to Boringdon Park (owned by Brownbrink Limited)
“Throughout the period, no further amounts have been loaned to the charity from Brownbrink Limited, of which trustee M Davey is the sole director and shareholder. This is currently presented as a concessionary loan on which no interest is being charged, total balance of which stands at £90,000.” — page 18
“Payments have also been made throughout the period to Triple D Construction Limited (of which M Davey is a director) for repairs and maintenance to the building. These payments totalled £2,125.” — page 18
Per its FY2026 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Structured financials (annual return, FY ending 31/01/2026)

Total income
£518k
Total spending
£511k
Cost of raising funds
£18k
Reserves (reported)
£0
Employees
28

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (94% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 3.4% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Cornwall

Income and spending

Financial year endIncomeSpending
31/01/2026£518k£511k
31/01/2025£516k£478k

Common questions

Is LAUNCESTON LEISURE CENTRE LIMITED financially healthy?

Per its FY2026 accounts: The accounts state that the charity reported a small surplus of £6,194 for the year ended 31 January 2026, with total income of £517,584 against expenditure of £511,390. However, the unrestricted fund balance remains in a deficit position of £17,780, which the trustees attribute to the charity's start-up period and note is steadily reducing due to recent monthly surpluses. The trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2026 accounts were independently examined.