WOOLWELL COMMUNITY RESOURCE TRUST
To promote the benefits of the inhabitants of Woolwell and the neighbourhood; to bring together the said inhabitants and the local authorities; voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life and in particular to maint
Financial health, per its FY2024 accounts
The accounts state that the charity made a net surplus of £55,446 for the year ended 31 December 2024, with total income rising to £521,545. However, the trustees report that unrestricted reserves of £79,481 remain below the stated policy target of £180,000 due to designated funds for redundancy and specific projects. Staff wage costs increased significantly by £25,397, driven by government minimum wage rises, contributing to overall expenditure growth.
What the accounts disclose
“The Reserves Policy of 2021 set the target reserves at £180,000.” — page 5
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- CHARLES PHILLIP WILLIAM HUITSON
- Katherine Elizabeth Archer
- Steven John Marsh
- Suzanne Eloise Marsh
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £415k | £445k |
| 31/12/2024 | £522k | £466k |
| 31/12/2023 | £417k | £389k |
| 31/12/2022 | £355k | £296k |
| 31/12/2021 | £261k | £241k |
Common questions
Is WOOLWELL COMMUNITY RESOURCE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity made a net surplus of £55,446 for the year ended 31 December 2024, with total income rising to £521,545. However, the trustees report that unrestricted reserves of £79,481 remain below the stated policy target of £180,000 due to designated funds for redundancy and specific projects. Staff wage costs increased significantly by £25,397, driven by government minimum wage rises, contributing to overall expenditure growth. Its FY2024 accounts were independently examined.
Who funds WOOLWELL COMMUNITY RESOURCE TRUST?
Funders whose own accounts filings name WOOLWELL COMMUNITY RESOURCE TRUST as a grant recipient include MARISTOW CHARITY.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| MARISTOW CHARITY | FY2024 | £4k | |
| MARISTOW CHARITY | FY2025 | £4k | |
| MARISTOW CHARITY | FY2023 | £1k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Postcode Lottery | 28/03/2024 | £70k | Millionaire Street 2024 02w3 |
| The National Lottery Community Fund | 04/11/2004 | £4k | Over 60's club |