WH COMMUNITY TRUST
The services will be targeted to fulfil the specific needs of the beneficiaries in the community with the intent to promote community development, alleviate poverty and social deprivation either directly (for example through food support services) or indirectly (for example through training courses to support people to gain employment and work their way out of poverty).
Financial health, per its FY2025 accounts
The accounts state that the Trust is preparing its financial statements on a basis other than going concern because it intends to dissolve the charitable company and transfer its activities to its parent, Worthing Homes Limited. Per the trustees' report, the Trust has been unable to secure external funding for future years, leading to the decision to cease activities and dissolve the entity.
What the accounts disclose
“The Trust is reliant on the funding provided from Worthing Homes Limited for its general operations which accounts for 95% of the total income of the Trust for the year ended March 2025.” — page 6
“The trustees aim to accumulate and maintain reserves at a level which equates to approximately two months of unrestricted charitable expenditure.” — page 6
“the Trustees intend to dissolve the charitable company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.”
“Worthing Homes Limited made donations totalling £207,546 (2024: £150,386) to the WH Community Trust and charged management fees of £12,500 (2024: £12,500). Salary costs recharged are shown in note 5. Outstanding balances at the year end are shown in notes 6 and 7.” — page 18
Trustees
- Donna Cezair
- Helen Rice
- Julian Pitcher
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £220k | £204k |
| 31/03/2024 | £257k | £251k |
| 31/03/2023 | £130k | £125k |
Common questions
Is WH COMMUNITY TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the Trust is preparing its financial statements on a basis other than going concern because it intends to dissolve the charitable company and transfer its activities to its parent, Worthing Homes Limited. Per the trustees' report, the Trust has been unable to secure external funding for future years, leading to the decision to cease activities and dissolve the entity. Its FY2025 accounts were audited by Kreston Reeves Audit LLP.