Gatehouse Development Initiative
Latest income
£256k
Latest spending
£310k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that total expenditure increased significantly to £310,348, resulting in a net expenditure of £54,443 and a reduction in total reserves to £203,283. The trustees report that unrestricted reserves of £25,848 are held above the stated minimum policy target of £3,500, and they confirm adequate resources for the foreseeable future.