CRAGHEAD COMMUNITY ASSOCIATION
Craghead Community Association aims to provide activities and events to improve the lives of those living in the Craghead area. They are also able to give advice to those wishing to offer a new activity or service. The Community Association own Craghead Village Hall, which has rooms that can be hired by external organisations with the proceeds supplementing and supporting community activity.
Financial health, per its FY2024 accounts
The accounts state that total funds decreased from £511,719 to £488,645 due to increased expenditure outstripping income, particularly from rising heating, lighting, and insurance costs. The trustees note that reserves were used to cover unexpected heating system repairs and that the charity is actively seeking new income solutions to maintain sustainability.
What the accounts disclose
“Some reserves were used as the heating system had some unexpected problems which needed new parts to be installed.” — page 5
Trustees
- Colin Stewartchair
- Gail Robinson
- Helen Henderson
- Mark Davinson
- Michelle Brown
- Olive Hillery
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £32k | £55k |
| 31/12/2023 | £54k | £62k |
| 31/12/2022 | £39k | £53k |
| 31/12/2021 | £37k | £35k |
| 31/12/2020 | £28k | £29k |
Common questions
Is CRAGHEAD COMMUNITY ASSOCIATION financially healthy?
Per its FY2024 accounts: The accounts state that total funds decreased from £511,719 to £488,645 due to increased expenditure outstripping income, particularly from rising heating, lighting, and insurance costs. The trustees note that reserves were used to cover unexpected heating system repairs and that the charity is actively seeking new income solutions to maintain sustainability. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Northern Rock Foundation | 03/12/2002 | £34k | Grant awarded to Craghead Community Association (Durham) |