Charity Accounts Intelreading the accounts so you don’t have to

WOODFORD COMMUNITY CENTRE

Registered charity 1171494 · accounts filings on the Charity Commission register

Management of Prospect Hall in Woodford Green including maintenance and lettings programme.

Causes: Recreation · website · Get email alerts

Latest income
£113k
Latest spending
£136k
Registered
2017
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that free reserves decreased to £20,318, which is below the trustees' stated policy target of six months' budgeted routine expenditure (£40,000). The charity reported a net expenditure of £23,726 for the year, resulting in a decrease in total net assets to £536,517.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £20,001 - £30,000 — below the median for charities its size (£60k)
“Trevor Newman, a trustee, received remuneration totalling £12,933 (2023: £15,554) in respect of his employment as Centre Manager.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £20k; policy: 6 months’ worth of ongoing expenditure)
“The trustees are aware that the current level of free reserves falls short of the reserves policy target.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Trevor Newman received £12,933 remuneration as Centre Manager.
“Trevor Newman, a trustee, received remuneration totalling £12,933 (2023: £15,554) in respect of his employment as Centre Manager.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee remuneration
“Trevor Newman, a trustee, received remuneration totalling £12,933 (2023: £15,554) in respect of his employment as Centre Manager. Trevor resigned from this position with last employment on 1 st November 2024.” — page 14
“Woodford Evangelical Church used the community centre and paid rent totalling £18,000 (2023: £18,000).”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Rent paid by connected charity
“Trevor Newman, a trustee, received remuneration totalling £12,933 (2023: £15,554) in respect of his employment as Centre Manager. Trevor resigned from this position with last employment on 1 st November 2024.” — page 14
“Woodford Evangelical Church used the community centre and paid rent totalling £18,000 (2023: £18,000).”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 6 of 6 completeness components.

Property (HM Land Registry)

2 registered titles in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook

Register events

Trustees · trustee networks

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

Operates in: Redbridge

Income and spending

Financial year endIncomeSpending
31/12/2024£113k£136k
31/12/2023£114k£111k
31/12/2022£99k£93k
31/12/2021£95k£84k
31/12/2020£82k£62k

Common questions

Is WOODFORD COMMUNITY CENTRE financially healthy?

Per its FY2024 accounts: The accounts state that free reserves decreased to £20,318, which is below the trustees' stated policy target of six months' budgeted routine expenditure (£40,000). The charity reported a net expenditure of £23,726 for the year, resulting in a decrease in total net assets to £536,517. Its FY2024 accounts were independently examined.

What does the highest-paid employee of WOODFORD COMMUNITY CENTRE earn?

Per its FY2024 accounts, the highest-paid employee was in the £20,001 - £30,000 band.