PICKERING AND FERENS HOMES
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £2,063k for the year ended 31 March 2025, driven by increased income from weekly maintenance charges and lower management costs. Total reserves stood at £39,098k, although free reserves excluding tangible fixed assets were reported as negative £11,613k. The charity maintains a strong cash position and has retained its highest regulatory stability rating.
What the accounts disclose
“Total reserves at 31 March 2025 amounted to £39,098k (2024: £37,036k). Free reserves, i.e. unrestricted funds excluding tangible fixed assets net of grant and other commitments, were -£11,613k”
“During the year Cheryl Payne and Allen Healand served as nominated board members by Kingston upon Hull City Council. Emma Whittles, an employee of Hull City Council is a co-opted member of the Board. All transactions with the Council are made at arm's length and on normal commercial terms.” — page 44
“Made a self-referral to The Regulator of Social Housing following issues with the certified gas installs at our Padstow Close scheme.” — page 4
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (14/03/2022)
- Received assets from another charity (03/05/2013)
Trustees
- Pickering and Ferens Homes Trustee Limited
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £10.8m | £8.7m |
| 31/03/2024 | £9.9m | £8.8m |
| 31/03/2023 | £9.3m | £8.3m |
| 31/03/2022 | £8.4m | £7.4m |
| 31/03/2021 | £9.6m | £6.7m |
Common questions
Is PICKERING AND FERENS HOMES financially healthy?
The accounts state that the charity reported a net surplus of £2,063k for the year ended 31 March 2025, driven by increased income from weekly maintenance charges and lower management costs. Total reserves stood at £39,098k, although free reserves excluding tangible fixed assets were reported as negative £11,613k. The charity maintains a strong cash position and has retained its highest regulatory stability rating. Its FY2025 accounts were audited by Beever and Struthers.