GATESHEAD YOUTH PROJECT
Financial health, per its FY2025 accounts
The accounts state that the charity holds total unrestricted funds of £27,501, which is an increase from the previous year. However, the charity reports net current liabilities of £44,156, primarily due to amounts owing for the purchase of a long leasehold property. The trustees are confident that these obligations can be met through increased fundraising and rental income from the building.
What the accounts disclose
“the trustees have resolved to maintain a minimum reserve roughly equal to the net current assets of the charity.”
“Mr P Abenson, trustee of Gateshead Youth Project, is also a trustee of Gateshead Cheder Ltd. During the year, the charity rented space to the Gateshead Cheder Ltd at £10,000. This was still owing at the year end. Additionally, Gateshead Cheder Ltd paid for refurbishment of the building owned by Gateshead Youth Project to the value of £166,904. This was still owed by the charity at the year end.” — page 16
Trustees
- Moshe Dresdnerchair
- Gabriel Heilpern
- Pinchos Abenson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2025 | £28k | £5k |
| 30/11/2024 | £5k | £0 |
Common questions
Is GATESHEAD YOUTH PROJECT financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds total unrestricted funds of £27,501, which is an increase from the previous year. However, the charity reports net current liabilities of £44,156, primarily due to amounts owing for the purchase of a long leasehold property. The trustees are confident that these obligations can be met through increased fundraising and rental income from the building. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 16/04/2026 | £20k | Developing a multi-purpose community space |
| Sport England | 23/03/2026 | £15k | Creating a New Space for Community Sports in Low Fell |