PHILADELPHIA ASSOCIATION LIMITED
See attached accounts
Financial health, per its FY2025 accounts
The accounts state that the charity generated a net deficit of £28,821 for the year ended 31 March 2025, compared to a surplus in the previous year. Per the trustees' report, the total unrestricted reserves stood at £378,063, which is significantly above the stated policy target of approximately £105,000. The trustees noted that their accountants advised spending more as current reserves are considered too high.
What the accounts disclose
“The Association has a major maintenance fund and a general fund. The level of the general fund has been set at six months' costs, which at the current level of expenditure is about £105,000, general reserves amounted to £278,156 at 31 March 2025.” — page 8
“The level of the general fund has been set at six months' costs, which at the current level of expenditure is about £105,000” — page 8
Property (HM Land Registry)
Trustees
- Caroline Cole
- Joachim Richter
- MARK ELMER
- Morag Cleland
- Nicholas John Mercer
- STEVEN DAVID BLUESTONE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £221k | £249k |
| 31/03/2024 | £226k | £220k |
| 31/03/2023 | £193k | £196k |
| 31/03/2022 | £156k | £214k |
| 31/03/2021 | £152k | £156k |
Common questions
Is PHILADELPHIA ASSOCIATION LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a net deficit of £28,821 for the year ended 31 March 2025, compared to a surplus in the previous year. Per the trustees' report, the total unrestricted reserves stood at £378,063, which is significantly above the stated policy target of approximately £105,000. The trustees noted that their accountants advised spending more as current reserves are considered too high. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 12/03/2021 | £9k | Building Communities |
Charities like this
- Notting Hill and Harlesden Methodist Circuit
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- UNIVERSITY OF PENNSYLVANIA (USA) FOUNDATION LIMITED
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- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BATH ST. BARTHOLOMEW
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Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| PHILADELPHIA ASSOCIATION LIMITED | £221k | — | 0 | above | 278156.0% | no doubt |
| Notting Hill and Harlesden Methodist Circuit | £200k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALCOT, BATH | £260k | — | 0 | unclear | 0.0% | no doubt |
| UNIVERSITY OF PENNSYLVANIA (USA) FOUNDATION LIMITED | £7.6m | — | 0 | unclear | — | no doubt |
| LONDON BUSINESS SCHOOL STUDENT ASSOCIATION | £2.5m | — | 0 | within | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BATH ST. BARTHOLOMEW | £428k | — | 0 | unclear | — | no doubt |