Enterprise Causeway Ltd
Latest income
£1.3m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net expenditure of £41,286 for the year, resulting in a total fund balance of £5,249,885. The trustees note that the completion of a major capital project created short-term cashflow pressures and a depletion of reserves, with rebuilding organisational reserves identified as a key strategic priority. However, the auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Highest-paid employee band: Over £80,000
“The number of employees whose annual remuneration was £60,000 or more were: Over £80,000 1” — page 31
Per FY2025 accounts as filed with CCNI.
Related-party transaction: Legal fees paid to Riada Resourcing, owned by director Frances Lundy.
“Included within legal and professional fees is an amount totalling £192 (2024 - £202) paid to Riada Resourcing, which is owned by Frances Lundy, director.” — page 36
Per FY2025 accounts as filed with CCNI.
Related-party transaction: Rent paid to Acorn The Business Centre, a company under common control.
“Included within legal and professional fees is an amount totalling £192 (2024 - £202) paid to Riada Resourcing, which is owned by Frances Lundy, director.” — page 36
Per FY2025 accounts as filed with CCNI.
Employees paid over £60,000: 1
“The number of employees whose annual remuneration was £60,000 or more were: Over £80,000 1” — page 31
Per FY2025 accounts as filed with CCNI.
Reserves policy: three months' core expenditure (held: £384k)
“The Trustees' policy is that the amount of unrestricted income funds should reflect a minimum of three months' core expenditure. The Trustees' assessment of core costs (excluding expenses which are funded from grants, depreciation and non-recurring expenditure) amounts to £130,000, therefore the target level of reserves is E32,500.” — page 3
Per FY2025 accounts as filed with CCNI.
Largest income source: Earned income (78% of income)
“Turnover is generated through a blended model of earned income (approximately 78%), primarily from property rental and commercial programme delivery, and grant income (approximately 22%) from public, cultural, health and regeneration funders.” — page 4
Per FY2025 accounts as filed with CCNI.
Independent examiner: Moore (N.I.) LLP
Per FY2025 accounts as filed with CCNI.