WPC Energy
Financial health, per its FY2023 accounts
The accounts state that unrestricted funds available at the end of the year were £639,137, which is above the trustees' stated reserves policy target of £360,290 (representing six months of charitable activity costs). The charity reported a net income surplus of £327,209 for the year, driven primarily by charitable activities, and the auditor confirmed there are no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“The level of reserves required have been set at 6 months of charitable activity costs, which is £360,290.” — page 6
“WPC Energy owns 100% share capital of its wholly owned subsidiary WPC Services Ltd. At the year end WPC Energy were owed £Nil (2022 : £10,506) by WPC Services Ltd. WPC Services Ltd donated all remaining profit totalling £3,997 to WPC Energy.” — page 26
“WPC Energy owns 100% share capital of its wholly owned subsidiary WPC Services Ltd.” — page 26
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Dr PINAR YILMAZ
- Pedro Miras Salamanca
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.7m | £793k |
| 31/12/2023 | £1.0m | £721k |
| 31/12/2022 | £554k | £620k |
| 31/12/2021 | £304k | £673k |
| 31/12/2020 | £137k | £635k |
Common questions
Is WPC Energy financially healthy?
The accounts state that unrestricted funds available at the end of the year were £639,137, which is above the trustees' stated reserves policy target of £360,290 (representing six months of charitable activity costs). The charity reported a net income surplus of £327,209 for the year, driven primarily by charitable activities, and the auditor confirmed there are no material uncertainties regarding its ability to continue as a going concern. Its FY2023 accounts were audited by Rickard Luckin Limited.