HERMON COMMUNITY RESOURCE CENTRE
To develop and run a Village Hall / Resource Centre
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £2,792 for the year, resulting in a decrease in total funds from £932,443 to £929,651. The trustees' report notes that the charity maintains unrestricted funds at a level equating to at least three months of unrestricted expenditure, and the independent examiner confirmed no matters requiring attention were found.
What the accounts disclose
“It is currently the policy of the charity to try and maintain unrestricted funds, which are the free reserves of the charity at a level which equates to at least three months unrestricted expenditure in order that the charity can continue to function if current income sources become unavailable.” — page 5
Trustees
- Catherine Morleychair
- Aled Rees
- BILL DAVIES
- Eleri George
- IWAN EVANS
- JENNIFER THOMAS
- JOHN MORGAN
- MELONY RICHARDS
- ROGER HOWELLS
- Richard Vaughan
- SHARON MORLEY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £54k | £57k |
| 31/12/2023 | £69k | £53k |
| 31/12/2022 | £53k | £40k |
| 31/12/2021 | £53k | £38k |
| 31/12/2020 | £46k | £17k |
Common questions
Is HERMON COMMUNITY RESOURCE CENTRE financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £2,792 for the year, resulting in a decrease in total funds from £932,443 to £929,651. The trustees' report notes that the charity maintains unrestricted funds at a level equating to at least three months of unrestricted expenditure, and the independent examiner confirmed no matters requiring attention were found. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 24/10/2012 | £50k | Hermon Community Bunkhouse |