NORTH WALSHAM COMMUNITY ASSOCIATION
To promote the benefit of the inhabitants of North Walsham and the neighbourhood by offering affordable venues for meetings.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a net outgoing resource of £13,473 for the year, resulting in a decrease in unrestricted reserves from £188,556 to £175,083. The trustees consider this balance to be a satisfactory state of affairs, noting that it covers expenditure for a period of 12 months in line with their reserves policy. While wage and utility costs increased, the charity maintained positive net current assets of £79,182.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted reserves to cover expenditure for a period of 12 months.” — page 5
“Consolidated financial statements are required to help provide a true and fair overall view of the affairs and activities of the association and its subsidiary company, North Walsham Community Centre Limited.” — page 5
Trustees
- COLIN JEARYchair
- ANDREA HUDSON
- Eileen TAYLOR
- Mike Kirby
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £96k | £109k |
| 31/03/2024 | £78k | £122k |
| 31/03/2023 | £80k | £120k |
| 31/03/2022 | £87k | £79k |
| 31/03/2021 | £69k | £53k |
Common questions
Is NORTH WALSHAM COMMUNITY ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a net outgoing resource of £13,473 for the year, resulting in a decrease in unrestricted reserves from £188,556 to £175,083. The trustees consider this balance to be a satisfactory state of affairs, noting that it covers expenditure for a period of 12 months in line with their reserves policy. While wage and utility costs increased, the charity maintained positive net current assets of £79,182. Its FY2025 accounts were independently examined.