We Change Lives (WCL)
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net movement in funds of £(302,280) for the year ended 31 March 2023, resulting in total unrestricted funds of £4,169,032. Per the trustees' report, the charity holds cash reserves of £1,731,255, which is in line with its reserves policy of holding £1 million for unplanned cash flow needs. The trustees and auditors confirm that the charity has adequate resources to continue as a going concern.
What the accounts disclose
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- Westleigh: Requires improvement
- Heathside: Good
- The Mews: Good
- Community Learning Disabilities: Good
Register events
- Received assets from another charity (20/01/2016)
Trustees
- Richard Gorechair
- Christopher Cardwell Howarth
- Janice Lorraine Wycherley
- Martin Schwaller
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £12.0m | £11.8m |
| 31/03/2024 | £9.5m | £9.4m |
| 31/03/2023 | £5.9m | £6.2m |
| 31/03/2022 | £5.7m | £5.5m |
| 31/03/2021 | £6.0m | £6.4m |
Common questions
Is We Change Lives (WCL) financially healthy?
The accounts state that the charity reported a net movement in funds of £(302,280) for the year ended 31 March 2023, resulting in total unrestricted funds of £4,169,032. Per the trustees' report, the charity holds cash reserves of £1,731,255, which is in line with its reserves policy of holding £1 million for unplanned cash flow needs. The trustees and auditors confirm that the charity has adequate resources to continue as a going concern. Its FY2023 accounts were audited by Crowe U.K. LLP.