Greater Shantallow Area Partnership
Latest income
£1.1m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a surplus of £11,527 for the year ended 31 March 2025, with total income of £1,122,416 and total expenditure of £1,110,889. The trustees confirm that unrestricted reserves stood at £201,899, which they consider sufficient to cover unfunded costs and contingencies should core funding cease.
What the accounts disclose
Going concern: doubt noted
“However the charity's ability to continue as a going-concern is dependent on continuing to receive core funding. Should the charity not get it's core funding renewed it would be likely that it would not be able to continue and the going-concern basis for preparing the accounts would no longer be appropriate.” — page 10
Per FY2025 accounts as filed with CCNI.
Related-party transaction: GSAP paid £223 of costs for the CIC and debtors include £5,580 owed by the CIC. The board of the CIC comprises 2 members of the charity's board.
“The March 2025 year accounts include expenditure of £25,392 due to Rainbow Child & Family Centre. As at 31 March 2025 there is a balance of £1957 owed to Rainbow. Alll transactions between the 2 occur under normal operating conditions & where applicable, are checked by the related funders. Elaine Young, a GSAP dierector, is employed by Rainbow, but has no involvement in the charity's management decisions involving the 2 entities.” — page 28
Per FY2025 accounts as filed with CCNI.
Related-party transaction: GSAP paid £223 of costs for the CIC and debtors include £5,580 owed by the CIC. The board of the CIC comprises 2 members of the charity's board.
“The March 2025 year accounts include expenditure of £25,392 due to Rainbow Child & Family Centre. As at 31 March 2025 there is a balance of £1957 owed to Rainbow. Alll transactions between the 2 occur under normal operating conditions & where applicable, are checked by the related funders. Elaine Young, a GSAP dierector, is employed by Rainbow, but has no involvement in the charity's management decisions involving the 2 entities.” — page 28
Per FY2025 accounts as filed with CCNI.
Related-party transaction: GSAP paid £223 of costs for the CIC and debtors include £5,580 owed by the CIC. The board of the CIC comprises 2 members of the charity's board.
“The March 2025 year accounts include expenditure of £25,392 due to Rainbow Child & Family Centre. As at 31 March 2025 there is a balance of £1957 owed to Rainbow. Alll transactions between the 2 occur under normal operating conditions & where applicable, are checked by the related funders. Elaine Young, a GSAP dierector, is employed by Rainbow, but has no involvement in the charity's management decisions involving the 2 entities.” — page 28
Per FY2025 accounts as filed with CCNI.
Related-party transaction: GSAP paid £223 of costs for the CIC and debtors include £5,580 owed by the CIC. The board of the CIC comprises 2 members of the charity's board.
“The March 2025 year accounts include expenditure of £25,392 due to Rainbow Child & Family Centre. As at 31 March 2025 there is a balance of £1957 owed to Rainbow. Alll transactions between the 2 occur under normal operating conditions & where applicable, are checked by the related funders. Elaine Young, a GSAP dierector, is employed by Rainbow, but has no involvement in the charity's management decisions involving the 2 entities.” — page 28
Per FY2025 accounts as filed with CCNI.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with CCNI.
Reserves policy: a level that would enable it to operate for a reasonable period should funding be reduced or stopped (held: £202k)
“It is the policy of the charity to seek to maintain liquid funds at a level that would enable it to operate for a reasonable period should funding be reduced or stopped. The charity's aim is to build up the Unrestricted Funds General Reserve to provide for future costs and contingencies that would arise in the event that funding was reduced or stopped so as to allow for the orderly winding up of the charity.” — page 11
Per FY2025 accounts as filed with CCNI.
Largest income source: Department for Communities (40% of income)
“The financial statements include £447,907 (2024:£425,504) of grant income from the DfC during the year.” — page 10
Per FY2025 accounts as filed with CCNI.
Trading subsidiary: Social Capital (North West) CIC
“The year ended 31 March 2025 financial statements include a donation of £0 (2024:£0) to the charity from Social Capital (North West) CIC, the trading company that it owns and operates.” — page 10
Per FY2025 accounts as filed with CCNI.
Independent examiner: Shaun McGinty & Co
Per FY2025 accounts as filed with CCNI.