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.
Objects
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 INTO SOCIETY.FOR THE PURPOSE OF THIS CLAUSE ‘SOCIALLY EXCLUDED’ MEANS BEING EXCLUDED FROM SOCIETY, OR PARTS OF SOCIETY, AS A RESULT OF ONE OF MORE OF THE FOLLOWING FACTORS: UNEMPLOYMENT; FINANCIAL HARDSHIP; YOUTH OR OLD AGE; ILL HEALTH (PHYSICAL OR MENTAL); SUBSTANCE ABUSE OR DEPENDENCY INCLUDING ALCOHOL AND DRUGS; DISCRIMINATION ON THE GROUNDS OF SEX, RACE, DISABILITY, ETHNIC ORIGIN, RELIGION, BELIEF, CREED, SEXUAL ORIENTATION OR GENDER RE-ASSIGNMENT; POOR EDUCATIONAL OR SKILLS ATTAINMENT; RELATIONSHIP AND FAMILY BREAKDOWN; POOR HOUSING (THAT IS HOUSING THAT DOES NOT MEET BASIC HABITABLE STANDARDS; CRIME (EITHER AS A VICTIM OF CRIME OR AS AN OFFENDER REHABILITATING INTO SOCIETY).”3. THE PROTECTION AND PRESERVATION OF THE ENVIRONMENT FOR THE PUBLIC BENEFIT BY RECYCLING AND RE-USING WASTE WOOD AND WOOD PRODUCTS
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.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Volunteer management
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.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE LANKELLYCHASE FOUNDATION | 1 | £650k |
| PAUL HAMLYN FOUNDATION | 1 | £150k |
| TRUST FOR LONDON | 1 | £60k |
| THE SHELDON TRUST | 1 | £23k |
| THE YOUNG BARNET FOUNDATION | 1 | £20k |
| THE FIDELITY UK FOUNDATION | 1 | £20k |
| THE GEORGE AND ESME POLLITZER CHARITABLE SETTLEMENT | 1 | £10k |
| The Parochial Church Council of the Ecclesiastical Parish of Chanctonbury | 1 | £7k |
Charities like this
- VINCI UK FOUNDATION
- EMPLOYMENT RESOURCE CENTRE
- COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE
- GRAPEVINE (COVENTRY AND WARWICKSHIRE) LTD
- THE ROMANIAN AND EASTERN EUROPEAN HUB
- POSSABILITY PEOPLE LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE USEFUL WOOD COMPANY | £349k | — | 0 | unclear | — | no doubt |
| VINCI UK FOUNDATION | £277k | — | 0 | unclear | — | no doubt |
| EMPLOYMENT RESOURCE CENTRE | £395k | more than £60,000 | 1 | within | — | no doubt |
| COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE | £207k | — | 0 | within | — | no doubt |
| GRAPEVINE (COVENTRY AND WARWICKSHIRE) LTD | £1.3m | — | — | unclear | — | no doubt |
| THE ROMANIAN AND EASTERN EUROPEAN HUB | £264k | — | 0 | unclear | — | no doubt |