THE USEFUL WOOD COMPANY
1. The relief of unemployment for the benefit of the public in such ways as may be thought fit, including assistance to find employment, work placements, training and volunteering opportunities 2. To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate.
Financial health, per its FY2025 accounts
The charity reported a surplus of £67,385 for the year ended 31 March 2025, with total income of £354,895 against expenditure of £287,510. Unrestricted reserves stood at £232,841, which the trustees hold to enable future relocation from their current rent-free premises. The accounts state that the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“We are mindful that new premises may be needed from 2028 with the resulting substantial increase in cost and the trustees continue to hold reserves in the charity in order to enable relocation in the future.”
Trustees
- ANTHONY AITKEN HEWATchair
- BRIAN NICHOLAS HENRY
- GEORGE WILLIAM VARNEY
- MICHAEL DAVID DEAVIN
- Stephen Charles Barter
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £349k | £288k |
| 31/03/2024 | £304k | £259k |
| 31/03/2023 | £254k | £229k |
| 31/03/2022 | £118k | £62k |
| 31/03/2021 | £118k | £62k |
Common questions
Is THE USEFUL WOOD COMPANY financially healthy?
Per its FY2025 accounts: The charity reported a surplus of £67,385 for the year ended 31 March 2025, with total income of £354,895 against expenditure of £287,510. Unrestricted reserves stood at £232,841, which the trustees hold to enable future relocation from their current rent-free premises. The accounts state that the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were independently examined.