WOOLWELL COMMUNITY RESOURCE TRUST

Registered charity 1071238 · accounts filings on the Charity Commission register

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

Causes: General Charitable Purposes · Arts/culture/heritage/science · Amateur Sport · Economic/community Development/employment · Recreation · Other Charitable Purposes · website · Get email alerts

Latest income
£415k
Latest spending
£445k
Registered
1998
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: £180,000 (held: £79k)
“The Reserves Policy of 2021 set the target reserves at £180,000.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/12/2024)

Total income
£522k
Total spending
£466k
Cost of raising funds
£2k
Reserves (reported)
£119k
Employees
8

Reported reserves equal ~3.1 months of spending — below the median for charities its size (median 7.0 months; benchmarks).

Per its annual return, largest income source: Other (81% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.5% of total income — below the median for charities its size (2.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Devon

Income and spending

Financial year endIncomeSpending
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

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
MARISTOW CHARITYFY2024£4k
MARISTOW CHARITYFY2025£4k
MARISTOW CHARITYFY2023£1k

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
Postcode Lottery28/03/2024£70kMillionaire Street 2024 02w3
The National Lottery Community Fund04/11/2004£4kOver 60's club