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WORCESTER MUNICIPAL CHARITIES (CIO)

Registered charity 1166931 · accounts filings on the Charity Commission register

Latest income
£1.4m
Latest spending
£1.4m
Registered
2016
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure of £167,943 for the year, resulting in a decrease in total funds from £14.65m to £14.46m. Per the trustees' report, unrestricted reserves decreased to £1,374,737, while free reserves after allowances for tangible fixed assets and long-term borrowings amounted to £224,104. The trustees confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future with no material uncertainties.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“The total funds of the Charity as at the year end amounted to £14,460,209 (2023 £14,651,791) consisting of endowment funds of £12,821,025 (2023 £12,844,664), restricted funds of £12,838 (2023 £nil) and designated funds, which are funds set aside by the Trustees for future projects of £251,609 (2023 £150,181), leaving unrestricted funds amounting to £1,374,737 (2023 £1,656,946).” — page 22
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Rent-free offices valued at £50,000 and management fees (15% of licence payments) paid to Citizens Advice Worcester; grants of £205,865 made to Citizens Advice Worcester. Trustees Paul Griffith and Geraint Thomas have ties to Citizens Advice Worcester.
“The Charity provided rent-free offices with an estimated rental value of £50,000 (2023 - £46,240) to Citizens Advice Worcester and was also charged by them 15% of licence payments in respect of management fees for managing the Charity's social housing. The charity also provided grants of £205,865 (2023 - £192,938) to Citizens Advice Worcester towards its running costs. Paul Griffith, is a trustee of this charity and of Citizens Advice Worcester. Geraint Thomas is a trustee of this Charity and employee of Citizens Advice Worcester.” — page 57
“The Charity provided rent-free offices, a day centre and "free clothes" store with estimated rental values of £24,000 (2023 - £24,000) and also made a grant of £35,211(2023 - £33,000) to Maggs Day Centre. Sue Osborne and Clive Skidmore were Trustees of this charity and of Maggs Day Centre during the year.” — page 57
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Rent-free offices/day centre valued at £24,000 and grants of £35,211 made to Maggs Day Centre. Trustees Sue Osborne and Clive Skidmore have ties to Maggs Day Centre.
“The Charity provided rent-free offices with an estimated rental value of £50,000 (2023 - £46,240) to Citizens Advice Worcester and was also charged by them 15% of licence payments in respect of management fees for managing the Charity's social housing. The charity also provided grants of £205,865 (2023 - £192,938) to Citizens Advice Worcester towards its running costs. Paul Griffith, is a trustee of this charity and of Citizens Advice Worcester. Geraint Thomas is a trustee of this Charity and employee of Citizens Advice Worcester.” — page 57
“The Charity provided rent-free offices, a day centre and "free clothes" store with estimated rental values of £24,000 (2023 - £24,000) and also made a grant of £35,211(2023 - £33,000) to Maggs Day Centre. Sue Osborne and Clive Skidmore were Trustees of this charity and of Maggs Day Centre during the year.” — page 57
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Subsidised warehouse/offices to Armchair (reduced premium £55,000 in 1996) and grants of £18,998 made to Armchair. Trustees Margaret Jones, Mel Kirk, and Richard Boorn have ties to Armchair.
“The Charity provided rent-free offices with an estimated rental value of £50,000 (2023 - £46,240) to Citizens Advice Worcester and was also charged by them 15% of licence payments in respect of management fees for managing the Charity's social housing. The charity also provided grants of £205,865 (2023 - £192,938) to Citizens Advice Worcester towards its running costs. Paul Griffith, is a trustee of this charity and of Citizens Advice Worcester. Geraint Thomas is a trustee of this Charity and employee of Citizens Advice Worcester.” — page 57
“The Charity provided rent-free offices, a day centre and "free clothes" store with estimated rental values of £24,000 (2023 - £24,000) and also made a grant of £35,211(2023 - £33,000) to Maggs Day Centre. Sue Osborne and Clive Skidmore were Trustees of this charity and of Maggs Day Centre during the year.” — page 57
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Rent-free Heritage Museum (Tudor House) valued at £8,000 and grants of £42,944 made to Worcester Heritage and Amenity Trust. Trustee Margaret Panter has ties to the Trust.
“The Charity provided rent-free offices with an estimated rental value of £50,000 (2023 - £46,240) to Citizens Advice Worcester and was also charged by them 15% of licence payments in respect of management fees for managing the Charity's social housing. The charity also provided grants of £205,865 (2023 - £192,938) to Citizens Advice Worcester towards its running costs. Paul Griffith, is a trustee of this charity and of Citizens Advice Worcester. Geraint Thomas is a trustee of this Charity and employee of Citizens Advice Worcester.” — page 57
“The Charity provided rent-free offices, a day centre and "free clothes" store with estimated rental values of £24,000 (2023 - £24,000) and also made a grant of £35,211(2023 - £33,000) to Maggs Day Centre. Sue Osborne and Clive Skidmore were Trustees of this charity and of Maggs Day Centre during the year.” — page 57
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grant of £1,141 made to John Palmer Educational Foundation. Trustee Margaret Jones has ties to the Foundation.
“The Charity provided rent-free offices with an estimated rental value of £50,000 (2023 - £46,240) to Citizens Advice Worcester and was also charged by them 15% of licence payments in respect of management fees for managing the Charity's social housing. The charity also provided grants of £205,865 (2023 - £192,938) to Citizens Advice Worcester towards its running costs. Paul Griffith, is a trustee of this charity and of Citizens Advice Worcester. Geraint Thomas is a trustee of this Charity and employee of Citizens Advice Worcester.” — page 57
“The Charity provided rent-free offices, a day centre and "free clothes" store with estimated rental values of £24,000 (2023 - £24,000) and also made a grant of £35,211(2023 - £33,000) to Maggs Day Centre. Sue Osborne and Clive Skidmore were Trustees of this charity and of Maggs Day Centre during the year.” — page 57
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Kendall Wadley LLP.

Structured financials (annual return, FY ending 31/12/2025)

Total income
£1.4m
Total spending
£1.4m
Cost of raising funds
£404
Reserves (reported)
£355k
Employees
5

Reported reserves equal ~3.0 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

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

Operates in: Worcestershire

Income and spending

Financial year endIncomeSpending
31/12/2025£1.4m£1.4m
31/12/2024£1.4m£1.6m
31/12/2023£1.4m£1.5m
31/12/2022£1.4m£1.5m
31/12/2021£1.5m£1.3m

Common questions

Is WORCESTER MUNICIPAL CHARITIES (CIO) financially healthy?

The accounts state that the charity reported a net expenditure of £167,943 for the year, resulting in a decrease in total funds from £14.65m to £14.46m. Per the trustees' report, unrestricted reserves decreased to £1,374,737, while free reserves after allowances for tangible fixed assets and long-term borrowings amounted to £224,104. The trustees confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future with no material uncertainties. Its FY2024 accounts were audited by Kendall Wadley LLP.

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