GROVE NEIGHBOURHOOD CENTRE LIMITED
Community centre
Financial health, per its FY2025 accounts
The accounts state that the charity generated a net income of £1,816 for the year, with unrestricted reserves increasing to £125,700. The trustees report that the going concern basis is adopted but note that activities are dependent on future funding streams from letting rooms, fundraising, and donations. The charity maintains a reserves policy aiming for 25% of annual expenditure, which it currently exceeds.
What the accounts disclose
“Rent receivable 88,582” — page 10
“Our reserve level which we aim for is 25% of annual expenditure.” — page 5
“The charitable activities are entirely dependent on continuing letting of rooms, halls fundraising and donations. As a consequence, the going concern basis is dependent on the future flow of these funding streams.” — page 13
Property (HM Land Registry)
Trustees
- MRS V WOODchair
- DEIRDRE MILLAR
- Derek Morris Hodd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/03/2025 | £109k | £107k |
| 30/03/2024 | £91k | £88k |
| 30/03/2023 | £107k | £71k |
| 30/03/2022 | £78k | £68k |
| 31/03/2021 | £106k | £80k |
Common questions
Is GROVE NEIGHBOURHOOD CENTRE LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a net income of £1,816 for the year, with unrestricted reserves increasing to £125,700. The trustees report that the going concern basis is adopted but note that activities are dependent on future funding streams from letting rooms, fundraising, and donations. The charity maintains a reserves policy aiming for 25% of annual expenditure, which it currently exceeds. Its FY2025 accounts were independently examined.
Who funds GROVE NEIGHBOURHOOD CENTRE LIMITED?
Funders whose own accounts filings name GROVE NEIGHBOURHOOD CENTRE LIMITED as a grant recipient include HAMMERSMITH UNITED CHARITIES.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| HAMMERSMITH UNITED CHARITIES | FY2025 | £300 | Grant will subsidise The Grove Neighbourhood Centre's charges to attendees for a coach trip to Brighton this August; and to provide bottled water and refreshmen |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 19/08/2008 | £2k | Reminiscence Days |
| The National Lottery Community Fund | 08/12/2006 | £916 | Community Christmas Day Dinner Party |
| The National Lottery Community Fund | 14/06/2006 | £5k | Healthy Eating Lunch Club |