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

THE WOODCOCK AND BOWES CHARITY

Registered charity 223222 · accounts filings on the Charity Commission register

The charity aims to provide accommodation for deserving cases of women in the city of Sunderland who are in need of support. There is also a commitment to maintain the Almshouses in which the wardens and residents live. This is funded through grants, investments and contributions from residents.

Causes: The Prevention Or Relief Of Poverty · Accommodation/housing · Get email alerts

Latest income
£47k
Latest spending
£31k
Registered
1967
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that free reserves amounted to £10,943, which the trustees consider sufficient to cover a minimum of 6 months of daily running costs in the event of a significant income reduction. Total net assets increased to £536,609, driven by a rise in investment values and cash funds, although unrestricted reserves decreased slightly from the previous year.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: minimum of 6 months of daily running costs (held: £11k)
“The Trustees’ policy in relation to reserves is to ensure that, in the event of a significant reduction in income, there are sufficient free reserves to cover a minimum of 6 months of daily running costs.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee bookkeeping charges and expenses
“During the year, the charity accepted bookkeeping charges amounting to £25 (2023: £25) from a trustee. The trustee was also due a reimbursement of expenses amounting to £486 (2023: £683).” — page 13
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

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

Operates in: Sunderland

Income and spending

Financial year endIncomeSpending
31/12/2024£47k£31k
31/12/2023£43k£33k
31/12/2022£42k£52k
31/12/2021£38k£31k
31/12/2020£40k£31k

Common questions

Is THE WOODCOCK AND BOWES CHARITY financially healthy?

Per its FY2024 accounts: The accounts state that free reserves amounted to £10,943, which the trustees consider sufficient to cover a minimum of 6 months of daily running costs in the event of a significant income reduction. Total net assets increased to £536,609, driven by a rise in investment values and cash funds, although unrestricted reserves decreased slightly from the previous year. Its FY2024 accounts were independently examined.