Faithworks Wessex

Analysis

Faithworks Wessex is a registered charity in England and Wales, based in Bournemouth. It was registered in March 2005, 21 years ago. Its declared purposes cover general charitable purposes, the prevention or relief of poverty and economic/community development/employment, which this site groups under poverty relief. Legally it is a charitable company (Companies House number 05077777). It says it provides human resources, provides buildings/facilities/open space and provides services.

In the financial year ending March 2025, Faithworks Wessex reported income of £1.3m and spending of £1.5m, spending 113% of what it took in. Across the 5 years on record, from March 2021 to March 2025, income grew from £1.2m to £1.3m (+9.1%), an average of +2.2% a year. The sharpest change came in the year to March 2024, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 15,276 England and Wales charities whose main cause is poverty relief and that reported income, Faithworks Wessex sits at the 94th percentile: it is larger than about 94% of them. Against every charity in England and Wales with reported income it ranks in the 95th percentile. Charities of a similar size with the same main cause include Yorkshire Water Community Trust (£1.3m), Premierquote Limited (£1.3m) and The Fern Partnership (£1.3m).

In its latest detailed accounts, income came from donations and legacies 85%, charitable activities 12% and investments 2.1%. Charitable activities took 99% of spending and raising funds 0.6%. Grants to other organisations totalled £48k. Reserves of £52k would cover about 0 months of spending at that rate. It employed 46 people.