EASTNEY AREA COMMUNITY ASSOCIATION
promoting, for the benefit of the people of Portsmouth, particularly, Eastney, Milton and Southsea without distinction or prejudice with agreement of the local authority the advancement of education and to providing facilities in interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £4,971.99 for the year ended 31 March 2025, resulting in a decrease in net reserves from £43,490.74 to £38,518.75. The trustees confirm that the current free reserves of £38.5K are sufficient to comply with their stated policy target of between £18.5K and £35K. The financial review notes that finances continued to stabilise during the year despite significant planned works exceeding the day-to-day running surplus.
What the accounts disclose
“Rental lncome/ Membership Fees 54,065.74 55,596.84” — page 11
“The trustee’s aim is therefore to have between £18.5K and £35K of free reserves”
Trustees
- Alan Gibbs
- Angela Barnes
- Bridget Tregoning
- Gerald Vernon-Jackson
- JULIE BOULTER
- Marjorie Davies
- Sue Heather
- Val Peach
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £61k | £66k |
| 31/03/2024 | £59k | £60k |
| 31/03/2023 | £50k | £61k |
| 31/03/2022 | £59k | £45k |
| 31/03/2021 | £54k | £55k |
Common questions
Is EASTNEY AREA COMMUNITY ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit of £4,971.99 for the year ended 31 March 2025, resulting in a decrease in net reserves from £43,490.74 to £38,518.75. The trustees confirm that the current free reserves of £38.5K are sufficient to comply with their stated policy target of between £18.5K and £35K. The financial review notes that finances continued to stabilise during the year despite significant planned works exceeding the day-to-day running surplus. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 26/03/2013 | £10k | Eastney Area Community Project |