PHOENIX COMMUNITY CENTRE ASSOCIATION
Accommodation for clubs and classes etc.
Financial health, per its FY2025 accounts
The accounts state that the charity's activities are dependent on uncertain funding streams, including grants, donations, and trading revenues, which creates a dependency for going concern. Despite this, the trustees reviewed forecasts and are satisfied that adequate cash resources will be available to meet obligations for the next twelve months. The charity ended the year with a net asset position of £94,900, having generated a surplus of £8,532.
What the accounts disclose
“A reserve of approximately £13,000 is held with Lloyds as contingency money to reimburse hirer’s deposits, caretakers’ salaries etc., in the event that the building may have to close for maintenance or emergency.”
“The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams.” — page 10
“During the year the charity paid £34,134 (2024: £36,422) to Concordance, a business operated by the partner of a trustee, for cleaning and caretaking services.” — page 13
Trustees
- Eva Edevbiechair
- Damian Dwyer
- Omar Behardien
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £61k | £53k |
| 30/09/2024 | £58k | £62k |
| 30/09/2023 | £62k | £50k |
| 30/09/2022 | £39k | £28k |
| 30/09/2021 | £68k | £39k |
Common questions
Is PHOENIX COMMUNITY CENTRE ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity's activities are dependent on uncertain funding streams, including grants, donations, and trading revenues, which creates a dependency for going concern. Despite this, the trustees reviewed forecasts and are satisfied that adequate cash resources will be available to meet obligations for the next twelve months. The charity ended the year with a net asset position of £94,900, having generated a surplus of £8,532. Its FY2025 accounts were independently examined.