Gateshead Active Ltd
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit on unrestricted funds of £238,854, resulting in a total net deficit for the year. The trustees acknowledge that material uncertainties exist regarding the charity's ability to continue as a going concern due to cash constraints and operational risks. However, they conclude that planned mitigating actions provide a reasonable basis for preparing the financial statements on a going concern basis.
What the accounts disclose
“At the year end, the charity had a deficit on free reserves of £238,854. The trustees recognise that this is materially below the target level” — page 7
“material uncertainties exist that may cast significant doubt on the charity’s ability to continue as a going concern.”
“The charity purchases utilities from Gateshead Energy Company, a Company wholly-owned by the council. Given the volume and routine nature of these transactions, it is not practical to identify and disclose those individual transaction.” — page 39
“As at the year end, the charity owed £100,000 to this entity. The loan is referred to as “other loans” in note 17 of the financial statements” — page 40
“The charity purchases utilities from Gateshead Energy Company, a Company wholly-owned by the council. Given the volume and routine nature of these transactions, it is not practical to identify and disclose those individual transaction.” — page 39
“As at the year end, the charity owed £100,000 to this entity. The loan is referred to as “other loans” in note 17 of the financial statements” — page 40
“The charity purchases utilities from Gateshead Energy Company, a Company wholly-owned by the council. Given the volume and routine nature of these transactions, it is not practical to identify and disclose those individual transaction.” — page 39
“As at the year end, the charity owed £100,000 to this entity. The loan is referred to as “other loans” in note 17 of the financial statements” — page 40
“The charity also oversees a separate company, Entertainment for Gateshead C.I.C.” — page 12
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Clive James Wisbychair
- Allen Edward Hooker
- Denise Marianne Robson
- Ian David Jones
- Ian Matthew GRay
- JONATHAN KLAJN
- Kevin Berry
- Lynne Wales
- Michael Richard Armstrong
- Wayne Backhouse
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.6m | £1.9m |
Common questions
Is Gateshead Active Ltd financially healthy?
The accounts state that the charity reported a deficit on unrestricted funds of £238,854, resulting in a total net deficit for the year. The trustees acknowledge that material uncertainties exist regarding the charity's ability to continue as a going concern due to cash constraints and operational risks. However, they conclude that planned mitigating actions provide a reasonable basis for preparing the financial statements on a going concern basis. Its FY2025 accounts were audited by TC Group.