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

THE OLD NEEDLE WORKS FOUNDATION

Registered charity 1181832 · accounts filings on the Charity Commission register

The Old Needle Works is a Community Learning and Support Hub providing skills courses and groups to help local people with their wellbeing and mental health. We make lasting positive changes to improve life quality and chances. Courses including Maths, English, IT and creative, physical and crafting courses. Our premises is shared and acts as an incubator for other charities and social enterprise.

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · Economic/community Development/employment · Human Rights/religious Or Racial Harmony/equality Or Diversity · website · Get email alerts

Latest income
£361k
Latest spending
£333k
Registered
2019
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity ended the year with a net surplus of £28,007, increasing total funds to £113,586. The trustees report a strong financial position, noting that robust risk management and increased supplier options ensure sustainability. The charity holds unrestricted reserves of £38,504, which the trustees note is above their reduced policy target of two months' operating costs.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: two months operating costs held in cash at bank (held: £39k)
“We have reduced our reserves policy from three to two months operating costs held in cash at bank.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Trustees · trustee networks

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

Operates in: Birmingham City · Warwickshire · Worcestershire

Income and spending

Financial year endIncomeSpending
31/03/2025£361k£333k
31/03/2024£276k£295k
31/03/2023£231k£204k
31/03/2022£221k£235k
31/03/2021£261k£188k

Common questions

Is THE OLD NEEDLE WORKS FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that the charity ended the year with a net surplus of £28,007, increasing total funds to £113,586. The trustees report a strong financial position, noting that robust risk management and increased supplier options ensure sustainability. The charity holds unrestricted reserves of £38,504, which the trustees note is above their reduced policy target of two months' operating costs. Its FY2025 accounts were independently examined.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund24/08/2023£428kFamily Wellbeing Hub
The National Lottery Community Fund28/07/2022£9kWellbeing worker
UK government22/05/2020£3kVSCE CMC Fund
The National Lottery Community Fund04/07/2019£10kMindfulness Suite
The National Lottery Community Fund22/03/2019£304kBENS Wellbeing Coaching
The National Lottery Community Fund20/07/2018£10kCommunity space