NORTH WORCESTERSHIRE BASEMENT PROJECTS LTD
The Basement Project is a Worcestershire charity which supports young people aged 25 and under; in securing and sustaining accommodation; who are in crisis, homeless, or at risk of homelessness & in resolving the many contributing factors such as finances, relationships & mediation, physical and mental health, access to employment, education and training.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net income surplus of £11,263 for the year ended 31 March 2025, with total funds carried forward standing at £402,264. The trustees note that unrestricted reserves stood at £210,687, which is just over 60% of running costs, below their policy target of covering 6 to 9 months of operating costs. The auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified.
What the accounts disclose
“Our current level of unrestricted reserves stands at just over 60% of running costs.” — page 6
Trustees
- Alan William Deakin
- Andrew Stephen Gwillam
- Claire Pennell
- JEAN SPENCER
- James Henry Morris
- Katherine Squires
- Pippa Trueman
- Richard Hood
- Samantha Louise Preece
- Susan Hindle-Smith
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £455k | £444k |
| 31/03/2024 | £403k | £385k |
| 31/03/2023 | £296k | £382k |
| 31/03/2022 | £330k | £362k |
| 31/03/2021 | £374k | £345k |
Common questions
Is NORTH WORCESTERSHIRE BASEMENT PROJECTS LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net income surplus of £11,263 for the year ended 31 March 2025, with total funds carried forward standing at £402,264. The trustees note that unrestricted reserves stood at £210,687, which is just over 60% of running costs, below their policy target of covering 6 to 9 months of operating costs. The auditors confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Curo Professional Services Ltd.
Who funds NORTH WORCESTERSHIRE BASEMENT PROJECTS LTD?
Funders whose own accounts filings name NORTH WORCESTERSHIRE BASEMENT PROJECTS LTD as a grant recipient include THE GEORGE AND ESME POLLITZER CHARITABLE SETTLEMENT.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE GEORGE AND ESME POLLITZER CHARITABLE SETTLEMENT | FY2024 | £5k | Grant category header |
| THE GEORGE AND ESME POLLITZER CHARITABLE SETTLEMENT | FY2023 | £5k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 06/02/2025 | £20k | The Basement Project |
| The National Lottery Community Fund | 25/11/2022 | £487k | The Basement Project |
| The National Lottery Community Fund | 14/10/2022 | £10k | The Basement Project |
| The National Lottery Community Fund | 14/05/2021 | £10k | The Basement Project |
| UK government | 14/09/2020 | £4k | VSCE CMC Fund |
| The National Lottery Community Fund | 27/09/2019 | £323k | The Basement Project |
| The National Lottery Community Fund | 13/07/2016 | £257k | The Basement Drop-In Service |
| The National Lottery Community Fund | 13/03/2013 | £207k | The Basement Drop-In Service |
| The National Lottery Community Fund | 06/10/2011 | £10k | The Basement Project |