COLEVIEW COMMUNITY CENTRE
We are a community centre that lets groups use the centre ie pre-school, lunch clubs, scouts, cubs, church, whist groups etc. We are a centre in a residential area that has a vision for future development.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure loss of £114,264 for the year ended 31 December 2024, a significant increase from the previous year's loss of £74,776. Per the trustees' report, this financial decline is attributed to rising operational costs and a significant capital expenditure of £93,251 for roof replacement, which reduced cash and investments. Despite the loss, the charity holds unrestricted funds of £1,575,513 and maintains a cash and investment position of £318,827, which the trustees confirm supports its status as a going concern.
What the accounts disclose
“Rent from Coleview Trading Company Limited 33,333 32,083” — page 19
“Donations from Coleview Trading Company Limited” — page 12
Trustees
- DAVID NICOL
- NEIL REDDAWAY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £136k | £250k |
| 31/12/2023 | £119k | £194k |
| 31/12/2022 | £111k | £135k |
| 31/12/2021 | £137k | £106k |
| 31/12/2020 | £142k | £127k |
Common questions
Is COLEVIEW COMMUNITY CENTRE financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure loss of £114,264 for the year ended 31 December 2024, a significant increase from the previous year's loss of £74,776. Per the trustees' report, this financial decline is attributed to rising operational costs and a significant capital expenditure of £93,251 for roof replacement, which reduced cash and investments. Despite the loss, the charity holds unrestricted funds of £1,575,513 and maintains a cash and investment position of £318,827, which the trustees confirm supports its status as a going concern. Its FY2024 accounts were independently examined.