St. Peter's Immaculata Youth Centre
Latest income
£527k
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net deficit of £18,393 for the year, with total funds decreasing to £301,783. Per the trustees' report, unrestricted reserves of £49,237 are below the stated policy target of three months' operating expenditure, a position the trustees attribute to post-pandemic drainage and the need to rebuild reserves. The charity remains reliant on restricted grant funding and faces challenges regarding funding sustainability and staff retention.
What the accounts disclose
Reserves position: below the charity's own stated policy
“At the year end, unrestricted reserves were below this target.”
Per FY2025 accounts as filed with CCNI.
Going concern: doubt noted
“While the funding environment remains challenging, the trustees have implemented measures to manage expenditure and actively pursue additional funding opportunities.”
Per FY2025 accounts as filed with CCNI.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with CCNI.
Independent examiner: DNTCA Limited
Per FY2025 accounts as filed with CCNI.