WOOLDALE COMMUNITY ASSOCIATION
runs Wooldale Community Centre
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £2,804 for the year ended 31 March 2025, resulting in total net assets of £301,571. The trustees consider that reserves of £35,000 should be maintained, and the actual free reserves excluding fixed assets were £66,702, which is above this policy target. The trustees are satisfied that there are no material uncertainties about the charity's ability to continue as a going concern.
What the accounts disclose
“With annual operational costs of £35,000 and expected receipts of £35,000, the trustees consider that reserves of £35,000 shoud be maintained” — page 5
“Jennifer Walton is a trustee and is paid for her work as a cleaner. The Charity Commission has confirmed that as she was employed prior to being appointed a trustee, then their formal approval is not required.” — page 11
“Jennifer Walton is a trustee and is paid for her work as a cleaner. The Charity Commission has confirmed that as she was employed prior to being appointed a trustee, then their formal approval is not required. No trustee received any other remuneration or benefit during this or the previous year.” — page 11
Property (HM Land Registry)
Register events
- Received assets from another charity (11/11/2015)
Trustees
- Ann Booth
- Christopher Lightfoot-Wild
- Emma Mitchell
- GILLIAN FLEWERS
- Holly Lightfoot-Wild
- JENNIFER WALTON
- Jennie Booth
- John William Lightfoot
- Mark Boden
- Susan Caroline Boden
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £34k | £36k |
| 31/03/2024 | £26k | £27k |
| 31/03/2023 | £35k | £31k |
| 31/03/2022 | £33k | £22k |
| 31/03/2021 | £40k | £42k |
Common questions
Is WOOLDALE COMMUNITY ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £2,804 for the year ended 31 March 2025, resulting in total net assets of £301,571. The trustees consider that reserves of £35,000 should be maintained, and the actual free reserves excluding fixed assets were £66,702, which is above this policy target. The trustees are satisfied that there are no material uncertainties about the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.