WOOLWICH CREATIVE DISTRICT TRUST
Financial health, per its FY2025 accounts
The accounts state that the group generated a surplus of £24,064 for the year ended 31 March 2025, marking a return to stability after previous deficits. However, the charity remains in a net liability position with an accumulated deficit of £1,624,533, largely driven by unrestricted fund deficits. The trustees confirm adequate resources for going concern, supported by extended loan terms from the Royal Borough of Greenwich and secured future income.
What the accounts disclose
“In the band £90,001 - £100,000” — page 34
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Asli Ibrahim Mohammed
- Clive Ahmed
- David Paul Sullivan
- Olufunke Elizabeth Omowumi Ige
- Philip John Watkins
- Sally Manser
- Shah Mohammed Ziaur Rahman
- Steve Sayer
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.4m | £3.4m |
| 31/03/2024 | £2.7m | £3.2m |
| 31/03/2023 | £1.8m | £3.9m |
| 31/03/2022 | £1.2m | £2.6m |
| 31/03/2021 | £1.5m | £634k |
Common questions
Is WOOLWICH CREATIVE DISTRICT TRUST financially healthy?
The accounts state that the group generated a surplus of £24,064 for the year ended 31 March 2025, marking a return to stability after previous deficits. However, the charity remains in a net liability position with an accumulated deficit of £1,624,533, largely driven by unrestricted fund deficits. The trustees confirm adequate resources for going concern, supported by extended loan terms from the Royal Borough of Greenwich and secured future income. Its FY2025 accounts were audited by Goodman Jones LLP.
What does the highest-paid employee of WOOLWICH CREATIVE DISTRICT TRUST earn?
Per its FY2025 accounts, the highest-paid employee was in the £90,001 - £100,000 band.