DINGLE COMMUNITY ASSOCIATION
Slimming World Group, Toddlers, Shotokan Karate, Rhythmic Dance, Boogie Bounce, Fitness, Craft, Child Minders, Good Companions, Weight Management and Anything Goes
Financial health, per its FY2024 accounts
The accounts state that the charity faces significant financial risks due to rising heating costs and the withdrawal of local authority support for its secretary. Consequently, reserves are expected to fall to approximately £3,000 in the coming year, though the trustees aim to restore them to £10,000 in future years. The charity relies heavily on building rentals for income and has increased rent rates to manage these pressures.
What the accounts disclose
“Our main source of income other than one off grants (which are rare) is provided by renting space to various community groups.”
“The reason for holding reserves is that our income depends on the groups that hire the building. A significant size of the income is produced by only a few groups which means if one of these groups no longer uses the building we could have a large fall in income while our expenditure would not drop proportionally. These reserves allows us time to get other groups to use the building and so replace the lost income.”
“The principle risk facing the charity is financial due to two events that have occurred at the same time, the huge increase in our gas bill and the removal of financial support by the Local Authority particularly the financial support of the Secretary.”
Trustees
- ALAN DODDchair
- LYNN COX
- MRS GILLIAN JEWKES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £34k | £34k |
| 31/12/2023 | £23k | £21k |
| 31/12/2022 | £21k | £19k |
| 31/12/2021 | £9k | £17k |
| 31/12/2020 | £19k | £32k |
Common questions
Is DINGLE COMMUNITY ASSOCIATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity faces significant financial risks due to rising heating costs and the withdrawal of local authority support for its secretary. Consequently, reserves are expected to fall to approximately £3,000 in the coming year, though the trustees aim to restore them to £10,000 in future years. The charity relies heavily on building rentals for income and has increased rent rates to manage these pressures. Its FY2024 accounts were independently examined.