TEAMS LIFE CENTRE
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £18,438 for the year ended 30 June 2025, resulting in total unrestricted and restricted funds of £18,438. Per the trustees' report, the charity maintains a reserves policy target of £20,000, meaning current unrestricted reserves of £10,397 are below this stated target. The trustees confirm adequate resources exist to continue operations for the foreseeable future.
What the accounts disclose
“A reserve of £20,000 in an easy access interest account.” — page 5
Trustees
- CHRISTOPHER ROY LOWEchair
- Adeyemi Adedeji
- Edmund Nichols
- Pauline Brown
- Stephen Frost
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £178k | £159k |
Common questions
Is TEAMS LIFE CENTRE financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £18,438 for the year ended 30 June 2025, resulting in total unrestricted and restricted funds of £18,438. Per the trustees' report, the charity maintains a reserves policy target of £20,000, meaning current unrestricted reserves of £10,397 are below this stated target. The trustees confirm adequate resources exist to continue operations for the foreseeable future. Its FY2025 accounts were independently examined.
Who funds TEAMS LIFE CENTRE?
Funders whose own accounts filings name TEAMS LIFE CENTRE as a grant recipient include THE BALLINGER CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE BALLINGER CHARITABLE TRUST | FY2024 | £20k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Community Foundation North East | 26/03/2026 | £7k | Grant to Teams Life Centre |
| Sport England | 16/09/2025 | £11k | Multisports for adults |
| The National Lottery Community Fund | 07/08/2025 | £20k | Teams Life Centre- Activities for All |
| Community Foundation North East | 27/03/2025 | £30k | Grant to Teams Life Centre |
| The National Lottery Community Fund | 17/07/2024 | £144k | TLC one stop support hub |