WEM TOWN HALL COMMUNITY TRUST LTD
To maintain community focus and governance in the delivery of a programme of events and the sustainability of Wem Town Hall for the use of the inhabitants of the town of Wem and the surrounding area following it's successful reopening.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net loss of £17,045 for the year ended 31 March 2025, with total income of £257,857 and total expenditure of £274,902. Per the trustees' report, free reserves decreased to £48,860, which is below the stated minimum target of £100,000. The trustees acknowledge a financially challenging period ahead but maintain that adequate resources exist to continue operations.
What the accounts disclose
“it is now considered that a minimum level of £100,000 reserves is necessary. The Trustees recognise that increasing costs make it more difficult to generate surplus funds towards this target. However, the aim continues to be to reach the required level within the medium term.”
“Wem's Truly Scrumptious Catering Company Limited (Company number 8884941) is a subsidiary undertaking of the Charitable Company. The Charitable Company holds 100% of the shares in the subsidiary.” — page 37
Trustees
- Allan Brown
- Denise Margaret Morgan
- Geoffrey Soul
- Jennifer Elizabeth Hegglin
- John William Dinsdale
- Nicholas Huw Edwards
- Pauline Anne Dee
- Peter Richard Jones
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £257k | £275k |
| 31/03/2024 | £195k | £205k |
| 31/03/2023 | £252k | £259k |
| 31/03/2022 | £230k | £216k |
| 31/03/2021 | £220k | £176k |
Common questions
Is WEM TOWN HALL COMMUNITY TRUST LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net loss of £17,045 for the year ended 31 March 2025, with total income of £257,857 and total expenditure of £274,902. Per the trustees' report, free reserves decreased to £48,860, which is below the stated minimum target of £100,000. The trustees acknowledge a financially challenging period ahead but maintain that adequate resources exist to continue operations. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 19/05/2025 | £8k | Golden Years Fitness |
| The National Lottery Community Fund | 10/12/2019 | £128k | Wem - Where Everyone Matters |