THE ITALIAN COMMUNITY ASSOCIATION
The objects of the Association are to promote the benefits of being inhabitants of the City of Peterborough, with the object of improving conditions of life for the said inhabitants. By associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interest of social welfare for recreation and leisure-time.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £692,853, which the trustees consider sufficient to cover one year's administration, fundraising, and support costs. The charity reported a net surplus of £15,604 for the year, with total income of £198,755 against total expenditure of £185,919. The trustees confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“Other trading activities 149,848” — page 15
“The trustees consider it prudent that unrestricted funds should be sufficient to avoid the necessity of realising fixed assets held for the charity's use and to cover one year's administration, fundraising and support costs.” — page 5
“Peterborough Italian Social Club Limited is a wholly owned subsidiary of Italian Community Association and is incorporated in England and Wales.” — page 18
Trustees
- Mario Storti
- Robert McKenzie Connell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £193k | £180k |
| 31/03/2024 | £185k | £159k |
| 31/03/2023 | £243k | £212k |
| 31/03/2022 | £243k | £165k |
| 31/03/2021 | £188k | £118k |
Common questions
Is THE ITALIAN COMMUNITY ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £692,853, which the trustees consider sufficient to cover one year's administration, fundraising, and support costs. The charity reported a net surplus of £15,604 for the year, with total income of £198,755 against total expenditure of £185,919. The trustees confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 18/09/2020 | £8k | Coronavirus Community Support Fund |
| The National Lottery Heritage Fund | 11/07/2001 | £5k | "Charity use award to research and preserve the history of the Italian community in Peterborough, providing a photographic exhibition and boo" |