HAVERHILL COMMUNITY TRUST
The charity promotes such charitable purposes for the benefit of the inhabitants of Haverhill as the trustee think fit, and in particular, by the provision of premises for the benefit of the public. The Charity allows Haverhill Town Council use of the Old Town Hall as an Arts Centre and Council offices. Other parts of the building are let to local charities.
Financial health, per its FY2025 accounts
The accounts state that free reserves of £3,567 are below the stated policy target of six months' unrestricted running costs (£2,370 is cited as the target figure in the text, though the narrative implies a higher monthly cost basis given the 'six months' description, the explicit target number is £2,370). The charity reports a net movement in funds of £9,206 and notes that a further deficit may occur in the short term, requiring additional support from Haverhill Town Council to mitigate.
What the accounts disclose
“The charity's reserves policy is to hold sufficient reserves to cover the objectives above considered to be at least six months’ unrestricted running costs equating to £2,370 (2024: £40,365) based on 31 March 2025 activity levels.” — page 5
“Haverhill Town Council, the Trustee is a related party. During the year the charity received amounts totalling £244,200 (2024: £101,699) and paid amounts for services and expenses of £268,764 (2024: £107,162). Included in debtors at the year end is a balance of £50,798 (2024: £26,234) due from Haverhill Town Council.” — page 21
Register events
- Received assets from another charity (05/10/2018)
Trustees
- HAVERHILL TOWN COUNCIL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £340k | £331k |
| 31/03/2024 | £391k | £385k |
| 31/03/2023 | £229k | £239k |
| 31/03/2022 | £196k | £189k |
| 31/03/2021 | £120k | £142k |
Common questions
Is HAVERHILL COMMUNITY TRUST financially healthy?
Per its FY2025 accounts: The accounts state that free reserves of £3,567 are below the stated policy target of six months' unrestricted running costs (£2,370 is cited as the target figure in the text, though the narrative implies a higher monthly cost basis given the 'six months' description, the explicit target number is £2,370). The charity reports a net movement in funds of £9,206 and notes that a further deficit may occur in the short term, requiring additional support from Haverhill Town Council to mitigate. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 16/09/2022 | £10k | Haverhill Youth Wellbeing Hub |
| UK government | 28/09/2020 | £7k | Coronavirus Community Support Fund |