THE SETH SOMERS TRUST
Provide recreation for the young people of Halesowen and district, and for the upkeep of the Seth Somers Park.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £44,493 for the year, driven by a £41,902 loss on investment revaluations. Despite this, unrestricted reserves stood at £102,623, which is above the trustees' stated policy target of £36,000. The trustees consider the level of reserves prudent to cover future support costs and park maintenance.
What the accounts disclose
“The trustees consider it prudent that the amount of Reserves should be sufficient to cover future support costs for a period of at least six months and the maintenance and the regeneration of the Seth Somers Park and therefore provide a Reserve of £36,000 under this policy.” — page 3
Trustees
- ADRIAN NORMAN MABEchair
- David Carey
- Gaynor Elizabeth Hulme
- MALCOLM BROMLEY DAVENPORT
- MARGARET ELIZABETH JAMES
- Patricia Anne Evans
- William John Street
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £31k | £34k |
| 31/03/2024 | £30k | £18k |
| 31/03/2023 | £29k | £21k |
| 31/03/2022 | £28k | £27k |
| 31/03/2021 | £27k | £28k |
Common questions
Is THE SETH SOMERS TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £44,493 for the year, driven by a £41,902 loss on investment revaluations. Despite this, unrestricted reserves stood at £102,623, which is above the trustees' stated policy target of £36,000. The trustees consider the level of reserves prudent to cover future support costs and park maintenance. Its FY2025 accounts were independently examined.