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WORDSLEY HOUSING SOCIETY

Registered charity 1001178 · accounts filings on the Charity Commission register

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Latest income
£1.2m
Latest spending
£1.1m
Registered
1990
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that total funds decreased from £507,445 to £481,229 due to a net expenditure on resources of £26,216, driven by a loss on investments of £15,933. The trustees have adopted a reserves policy target of approximately six months of running costs to ensure the Society can sustain its services in the event of funding changes or contract termination.

What the accounts disclose

Reserves policy: approximately 6 months of running costs (held: £481k)
“The trustees have considered the appropriate level of reserves for the Society and agreed that the levels needed to be increased to approximately 6 months of running costs.” — page 8
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by I W Hinks LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.2m
Total spending
£1.1m
Reserves (reported)
£450k
Employees
38

Reported reserves equal ~5.1 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Care Quality Commission ratings

CQC inspection ratings for services run by a provider matching this charity’s name (matched by name; verify provider identity on CQC’s site).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Dudley

Income and spending

Financial year endIncomeSpending
31/03/2025£1.2m£1.1m
31/03/2024£1.0m£972k
31/03/2023£883k£893k
31/03/2022£885k£834k
31/03/2021£854k£820k

Common questions

Is WORDSLEY HOUSING SOCIETY financially healthy?

The accounts state that total funds decreased from £507,445 to £481,229 due to a net expenditure on resources of £26,216, driven by a loss on investments of £15,933. The trustees have adopted a reserves policy target of approximately six months of running costs to ensure the Society can sustain its services in the event of funding changes or contract termination. Its FY2023 accounts were audited by I W Hinks LLP.