North Yell Development Council
Latest income
£2.2m
Latest spending
£663k
Accounts read
FY2026
Financial health, per FY2026 accounts
The accounts state that unrestricted funds totalled £4,496,597, with a surplus of £3,306,201 after accounting for tied assets and investments. The Trustees maintain that reserves are at a level equivalent to between three and six months' expenditure, a policy target they confirm has been maintained throughout the year. The auditor issued a qualified opinion due to limited evidence regarding stock valuation, but confirmed the going concern basis is appropriate.
What the accounts disclose
Related-party transaction: Income from entities where a Trustee was a Director/Trustee
“Related party transactions during the year, £6,753 (2024: £1,329) of income was received from entities in which a Trustee was a Director or Trustee and expenditure of £79,938 (2024: £34,965) was paid to entities which Trustees were a Director or Trustee., No balance was outstanding at the year end (£nil). No trustee was reimbursed expenses £nil (2024: £nil). During the period ended 31 March 2025, £12,470 worth of purchases were made by the group from R S Henderson Ltd, a company which Stephen Henderson is a shared director. At 31 March, included in trade credtors there was an amount due b the group to R S Henderson Ltd of £1,144. During the period, the period, the group purchased a property with a value of £110,000, fixtures and fitting of £17,000 and stock of £87,730 from R S Henderson Ltd.” — page 40
Per FY2026 accounts as filed with OSCR.