OXFORD WOOD RECYCLING LTD
The charity operates a waste wood collection service and reclaims wood for re-use, to be used in themanufacture of furniture and other wooden items, and to be sold as DIY materials. Ancillary to thereclaimed material, the charity sells ironmongery, wood finishes and paint. The charity raises awarenessof and sells sustainable local hardwood, and provides education on sustainability.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves were in deficit at £10,432, with total net assets of £8,295, following a net movement in funds of £(97,807). The trustees acknowledge this is an undesirable position and cite financial pressures from long-term debt and rising costs as key risks to the charity's future plans.
What the accounts disclose
“Income for the year was £735,782 with 96% (£732,952) unrestricted from our charitable trading activities.” — page 7
“Our reserve policy remains to build an unrestricted cash fund so we can handle cashflow challenges.”
“During the period Mr Richard Snow, who is a trustee, was paid the above salary (shown in note 4.1) during the period in his role as full time CEO for the charity.” — page 22
“During the period Mr Richard Snow, who is a trustee, was paid the above salary (shown in note 4.1) during the period in his role as full time CEO for the charity.” — page 22
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Andre Vauxchair
- Alison Dunnett
- Jim Fife
- NICK DOWLING
- Sarah Mary McGill
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £757k | £854k |
| 31/12/2023 | £924k | £923k |
| 31/12/2022 | £688k | £846k |
| 31/12/2021 | £853k | £749k |
| 31/12/2020 | £805k | £683k |
Common questions
Is OXFORD WOOD RECYCLING LTD financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves were in deficit at £10,432, with total net assets of £8,295, following a net movement in funds of £(97,807). The trustees acknowledge this is an undesirable position and cite financial pressures from long-term debt and rising costs as key risks to the charity's future plans. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 28/04/2023 | £10k | Purchase and Installation of Wood Waste Burner |