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WORKING MEN'S COLLEGE CORPORATION

Registered charity 312803 · accounts filings on the Charity Commission register · also known as WMC

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Latest income
£7.6m
Latest spending
£7.8m
Registered
1963
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the College reported an operating deficit of £189k for the year ended 31 July 2025, primarily due to restructuring costs, resulting in a total comprehensive surplus of £456k after investment gains. Per the trustees' report, the College holds liquid expendable reserves of approximately £4.4m and maintains a robust financial position despite sector-wide funding pressures. The College's indicative financial health score is 160, graded as 'Requires Improvement', though governors remain confident in the underlying robustness of the institution.

What the accounts disclose

Employees paid over £60,000: 12
“There were no other staff, other than those included in key management personnel, who received annual emoluments exceeding £60,000 during the year (2024: none).” — page 56
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Buzzacott Audit LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/07/2025)

Total income
£7.6m
Total spending
£7.8m
Reserves (reported)
£11.0m
Employees
219

Reported reserves equal ~17.0 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
31/07/2025£7.6m£7.8m
31/07/2024£7.2m£7.3m
31/07/2023£7.0m£7.1m
31/07/2022£6.1m£6.3m
31/07/2021£5.6m£5.7m

Common questions

Is WORKING MEN'S COLLEGE CORPORATION financially healthy?

The accounts state that the College reported an operating deficit of £189k for the year ended 31 July 2025, primarily due to restructuring costs, resulting in a total comprehensive surplus of £456k after investment gains. Per the trustees' report, the College holds liquid expendable reserves of approximately £4.4m and maintains a robust financial position despite sector-wide funding pressures. The College's indicative financial health score is 160, graded as 'Requires Improvement', though governors remain confident in the underlying robustness of the institution. Its FY2025 accounts were audited by Buzzacott Audit LLP.