North Yell Development Council
Latest income
£2.2m
Latest spending
£663k
Accounts read
FY2026
Form
Company (the charity is registered with Companies House)
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.
Audit opinion: qualified
“The audit evidence available to us was limited because we were unable to observe the counting of physical stock having a carrying amount of £82,035 at 31 March 2025 since no stocktake was carried out by the charitable company at that date. We were unable to obtain sufficient appropriate audit evidence regarding the value of year end stock by using other audit procedures.” — page 12
Per FY2026 accounts as filed with OSCR.
Employees paid over £60,000: 0
Per FY2026 accounts as filed with OSCR.
Reserves policy: three and six month’s expenditure (held: £4.5m)
“It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 8
Per FY2026 accounts as filed with OSCR.
Trading subsidiary: Garth Wind Limited, North Yell Community Shop Limited
“The group financial statements consolidate the financial statements of North Yell Development Council with its wholly-owned subsidiary, Garth Wind Limited and wholly-owned subsidiary, North Yell Community shop Ltd on a line-by-line basis.” — page 20
Per FY2026 accounts as filed with OSCR.
Independent examiner: Whitelaw Wells
Per FY2026 accounts as filed with OSCR.