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home >> charity search >> woolwich creative district trust
Finance Score: -2
Governance Score: 4
Support Score: 5
  • Deficit on unrestricted reserves: -2
  • Positive trading contribution: +2;Deficit latest year: -2
  • No volunteer policy: -2
  • Good trustee age range: +3
  • Dynamic board: +3
  • Grant maker support: +5
Overall GiG Score: 7 ?

WOOLWICH CREATIVE DISTRICT TRUST 

Woolwich Creative District Trust operates Woolwich Works, a major cultural hub in south-east London, from which it promotes the arts and arts eduction and offers facilities and services which improve the quality of life of residents of the Royal Borough of Greenwich.
Analysis by Giving is Great

Positives:

  • This charity has an endowment fund which generates most of its income
  • More than half of total income was derived from trading and fees in the latest year
  • A significant proportion of recent income was derived from major grant makers including the Government
  • The Board appears to be well diversified in terms of age and dynamic in terms of composition

Regulatory & Governance issues to consider:

  • This charity is not recognised by HMRC for Gift Aid according to its latest published return
  • Although this charity works with volunteers it does not have a Volunteer Management policy
  • Over half the Board have joined recently

Financial issues to consider:

  • There was a deficit on unrestricted reserves of £1,114,574 at the last year end after deducting the value of own use assets
  • Income was significantly lower than spending in the latest year
miles

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k		 Spending
£k		 Surplus/
Deficit		 Fundraising
Cost £k		 Total
Funds £k		 Unrestricted
Funds £k		 Mths
Rsrvs		 Staff Volun-
teers
31/03/23£1,797£3,885£-2,089£0£-648£-1,115-3.48220
31/03/22£1,154£2,563£-1,409£0£1,440£8854.1510
31/03/21*£1,529£634£895£0£2,850£2,07639.380
Download accounts
Financial Ratios
Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £90,000-£100,000
Liabilities/Assets: 142%
Liabilities/Income: 123%
Unrestricted Funds/Total Funds: 172%
Reserves/Spending: -3.4 months
Net Current Assets/Spending: -0 months
Quick Ratio: 0.4
Asset Split ?
Established: 4 years

www.woolwich.works

DIRECTOR.OFFICE@WOOLWICH.WORKS

+44 (0)20 8987 8097

Charity Commission for England and WalesCompanies HouseFacebookInstagramX
UN SDGs
?
Listed activities
  • Arts/Culture/Heritage/Science
GiG Classification
  • Performing and visual arts
How it operates
  • Provides advocacy/advice/information
  • Provides buildings/facilities/open space
Where it operates
  • Greenwich,
Who it helps
  • Children/Young People
  • The General Public/Mankind
Who works here?
  • 82 employees
  • 20 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations
Amount When
Months		 To be used for
National Lottery Community Fund - Event & Legacy for Queen's Platinum Jubilee
£9,774 22/04/2022
The funding will be used to host a street party to mark the Queen’s Platinum Jubilee which will include a stage and family activities involving a range of artistic community and military groups. ....more
DCMS - Culture Recovery Fund: Continuity Support
£428,000 27/10/2021
To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further ....more
DCMS - Woolwich Creative District Trust (Woolwich Works)
£984,000 01/04/2020
To support Arts and Culture throughout England

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)
Current Trustees appointed
Gender Split

Age Range of Trustees: 36-76
  • CLIVE AHMED Appointed: 2022, Occupation: Hr Director / Consultant
  • BEN HOWARTH Appointed: 2020, Occupation: Media Executive
  • SALLY MANSER Appointed: 2020, Occupation: Education Programme Manager
Legal constitution
  • Charitable company registered in England & Wales on 23/04/2020, number: 1189180
  • Registered at Companies House on 18/05/2018, number: 11369859
Gift Aid
  • NOT registered with HMRC for Gift Aid
Policies in force
  • Bullying and harassment policy and procedures
  • Conflicting interests
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
Filing Record
3 returns made; AR21: 61 days late,
Main office

The Fireworks Factory
11 No 1 Street
LONDON
SE18 6HD

Objectives

1.1 THE OBJECTS OF THE CHARITY SHALL BE:1.1.1 THE ADVANCEMENT OF ART FOR THE PUBLIC BENEFIT BY:(A) IMPROVING, PRESERVING AND PROVIDING PUBLIC AMENITIES FOR USE IN ENCOURAGEMENT OF THE CREATIVE AND DRAMATIC ARTS, WITH PARTICULAR REFERENCE TO THE WOOLWICH CREATIVE DISTRICT;(B) PROMOTING, MAINTAINING, IMPROVING, ENCOURAGING AND ADVANCING EDUCATION AND VOCATIONAL TRAINING AS RELATES TO CREATIVE AND DRAMATIC ARTS, IN ANY FORM AND BY ANY MEDIUM.1.1.2 PROVIDING OR ASSISTING IN THE PROVISION OF FACILITIES TO RESIDENTS OF WOOLWICH AND SURROUNDING AREAS IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR RACE, GENDER, RELIGION OR BELIEF, AGE, INFIRMITY OR DISABILITY, FINANCIAL HARDSHIP OR SOCIAL CIRCUMSTANCES WITH THE OBJECT OF IMPROVING THEIR CONDITIONS OF LIFE.

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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