WITHAM COMMUNITY ASSOCIATION
Provides Halls to hire for local groups. societies, comapnies and individuals. Run a preschool.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £71 for the year ended 31 March 2025, reversing a deficit from the prior year. However, total funds remain in a deficit position of £28,252, largely due to significant prior-year refurbishment costs and increased staff expenses. The trustees believe that implemented cost reductions and ongoing local council funding will remedy the deficit in future years.
What the accounts disclose
“However, due to significant expenditure and increased staff costs, it has not been possible to maintain this level of reserves.” — page 3
“The trustees believe that cost reductions implemented and ongoing funding received from the local council will result in the deficit in funds being remedied in the future years.” — page 3
“Fixed asset investments relate to charity's 100% ownership of Spring Lodge Centre Limited which is a trading company.” — page 13
Trustees
- TRACY AMELIA VOICEchair
- Darren Jenkins
- Peter Ellis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £225k | £225k |
| 31/03/2024 | £223k | £246k |
| 31/03/2023 | £206k | £220k |
| 31/03/2022 | £194k | £204k |
| 31/03/2021 | £210k | £198k |
Common questions
Is WITHAM COMMUNITY ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £71 for the year ended 31 March 2025, reversing a deficit from the prior year. However, total funds remain in a deficit position of £28,252, largely due to significant prior-year refurbishment costs and increased staff expenses. The trustees believe that implemented cost reductions and ongoing local council funding will remedy the deficit in future years. Its FY2025 accounts were audited by THP Limited.