THE WHEATLEY FOUNDATION LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The trustees have prepared the financial statements on the going concern basis as they do not intend to liquidate the charitable company or to cease its operations, and as they have concluded that the charitable company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”

Significant events

• “The Foundation supported more than 12,600 households in 2024/25, with 20,472 instances of direct support to alleviate financial pressures.”
• “Working with our partners, we created 1,037 jobs, apprenticeship and training opportunities and helped 3,486 children and young people take part in targeted programmes.”
• “We awarded 50 education bursaries to people studying at college or university this year, and helped 2,235 people get free internet access and improve their digital skills.”
• “The Foundation invested over £8.8m in Wheatley communities over the year; secured more than £1.7m of external funding; and our programmes generated £17m of social value.”
• “Our welfare benefit advisors supported 7,335 customers this year, helping them secure over £20m in financial gain, an increase of 46% from the year before.”
• “My Great Start supported 1,164 new tenants over the year, helping them develop the financial skills needed to sustain their tenancy and securing financial gains of over £1m.”
• “Our Helping Hand Fund provided direct financial support to over 5,300 households struggling with rent.”
• “Home Comforts delivered 4,862 items of recycled furniture and white goods to 1,272 tenants in 2024/25, diverting over 149 tonnes of household items from landfill in the process.”
• “Our Starter Pack programme provided essential household items such as bedding, crockery and cleaning supplies to 708 new tenants who needed support moving into their home, while we also provided 102 food starter packs to families with children.”
• “Wheatley Works created 1,037 training and employment opportunities for 842 people in our communities this year, almost three-quarters of which went to people in Wheatley homes, including 54 apprentices recruited by City Building (Glasgow).”
• “The Foundation awarded 50 people from Wheatley homes and communities a bursary to go to university or college this year”
• “Over the year, the John Wheatley Learning Network, made up of 32 community-based learning centres, helped 2,235 people with free internet access and digital learning courses on music, website design, photography and more.”
• “We continued our work to help equip young people with the skills, confidence, and experiences to thrive, supporting 3,486 children and young people access education and learning opportunities over the year.”
• “We sent 774 children under five years of age free books every month thanks to our partnership with the Dolly Parton Imagination Library, meaning we have provided 40,000 free books since 2016.”
• “helped more than 350 young people in Glasgow to take part in StreetWyze anti-knife crime workshops”
• “provided a 'wee bursary' to 336 young people in Glasgow schools to help pay for laptops, work clothing, and driving lessons”
• “offered 'Youth Access' sessions, combining recreational and educational activities to 735 young people”
• “helped 25 young people take part in 'Careers in Translation' insight sessions”
• “supported more than 230 children and young people in Edinburgh to take part in weekly activity sessions”
• “Our 'Care Progressions' programme and helped 14 young people from Wheatley Care's Dumfries and Stirling Young Persons services as they moved into a new tenancy, and 98 young people from schools in Glasgow gained valuable work experience through our Construction Aware project.”
• “We strengthened our partnership with schools-based mentoring programme MCR Pathways this year, recruiting 25 staff as volunteer mentors and offering work experience and training for young people in the programme.”
• “We helped raise awareness and build skills in community growing, food waste, active travel and recycling among customers and staff this year.”
• “More than 80 customers took part in a garden competition in Glasgow, while people across Wheatley communities benefitted from our 'Growing Together' Fund.”
• “Foundation staff attended events in Glasgow and Edinburgh to offer advice on reducing food waste and we provided family food packs to the Fed Up cafe in Stranraer.”
• “We also provided 353 repurposed digital devices such as laptops to customers; supported workshops and events in Glasgow and Edinburgh, attended by well over 500 people, on the benefits of cycling; and collected donations of school uniforms, clothing and household items for community organisations.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -1.4%

  £8,639,000 → £8,514,000

• Cash

  —

  Not reported

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Profit before tax

  +53.3%

  -£619,000 → -£289,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers