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GROUNDWORK WALES

Registered charity 1096662 · accounts filings on the Charity Commission register · listed website unreachable when last crawled

Latest income
£1.4m
Latest spending
£1.5m
Registered
2003
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net incoming resource deficit of £70,999 for the year, resulting in a decrease in total unrestricted reserves from £823,638 to £766,842. Despite this loss, the trustees and auditors confirm the charity remains a going concern with sufficient free liquid reserves of £724,000 to sustain operations.

What the accounts disclose

Reserves policy: three months of unrestricted expenditure (held: £767k)
“our trustees have agreed that we should aim to hold 3 months operating costs including its commitment to staff (circa £318,313).” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Groundwork Caerphilly is a wholly owned subsidiary and a related party. Some appointed trustees of Groundwork Wales are also trustees of Groundwork Caerphilly.
“Groundwork Caerphilly is a related party to Groundwork Wales. Groundwork Wales has considered the other disclosure requirements of the SORP and believes that there are no other related party transactions.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: GC Enterprises (Wales) Limited
“This comprises Groundwork Caerphilly and GC Enterprises (Wales) Limited. Groundwork Caerphilly is a subsidiary of Groundwork Wales and Groundwork Caerphilly own 100% of the share capital of GC Enterprises (Wales) Limited, which is now dormant.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by HSJ Audit Limited.

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

Total income
£1.4m
Total spending
£1.5m
Reserves (reported)
£767k
Employees
28

Reported reserves equal ~6.3 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Throughout Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£1.4m£1.5m
31/03/2024£1.2m£1.3m
31/03/2023£1.4m£1.3m
31/03/2022£1.7m£1.5m
31/03/2021£1.4m£1.3m

Common questions

Is GROUNDWORK WALES financially healthy?

The accounts state that the charity reported a net incoming resource deficit of £70,999 for the year, resulting in a decrease in total unrestricted reserves from £823,638 to £766,842. Despite this loss, the trustees and auditors confirm the charity remains a going concern with sufficient free liquid reserves of £724,000 to sustain operations. Its FY2025 accounts were audited by HSJ Audit Limited.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
BUPA FOUNDATION1£630k
THE PRUDENCE TRUST1£264k
THE CRUCIBLE FOUNDATION1£20k
THE NISBET TRUST1£17k
TWO RIDINGS COMMUNITY FOUNDATION1£15k
Fuel Bank Foundation1£14k
BOOTS CHARITABLE TRUST1£10k
HEY SMILE FOUNDATION1£5k

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