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GILESGATE COMMUNITY AND WELFARE ASSOCIATION

Registered charity 520770 · accounts filings on the Charity Commission register · also known as GILESGATE COMMUNITY ASSOCIATION, GILESGATE COMMUNITY ASSOCIATION DURHAM, VANE TEMPEST

Provision of facilities to enable a wide range of community based activities.

Causes: General Charitable Purposes · Education/training · Disability · Religious Activities · Arts/culture/heritage/science · Amateur Sport · website · Get email alerts

Latest income
£66k
Latest spending
£69k
Registered
1964
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net loss of £2,474 for the year, resulting in a slight decrease in total reserves from £417,338 to £414,864. The trustees' report notes that financial results were disappointing, though the reserves policy regarding six months of operating costs has been broadly complied with.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: six months operating costs plus a variable amount to cover likely future property repairs (held: £415k)
“The associations policy is to carry six months operating costs plus a variable amount to cover likely future property repairs.” — page 3
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Durham

Income and spending

Financial year endIncomeSpending
31/12/2024£66k£69k
31/12/2023£50k£84k
31/12/2022£65k£71k
31/12/2021£76k£59k
31/12/2020——

Common questions

Is GILESGATE COMMUNITY AND WELFARE ASSOCIATION financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net loss of £2,474 for the year, resulting in a slight decrease in total reserves from £417,338 to £414,864. The trustees' report notes that financial results were disappointing, though the reserves policy regarding six months of operating costs has been broadly complied with. Its FY2024 accounts were independently examined.