INDEPENDENT OPTIONS (NORTH WEST)
Financial health, per its FY2023 accounts
The accounts state that the charity incurred a deficit of £356,190 for the year ended 31 March 2023, compared to a deficit of £38,291 in the previous year. The trustees consider the level of reserves not invested in fixed assets to be insufficient to meet their stated policy target of three months' salary costs. However, the trustees maintain that the charity has adequate resources to continue as a going concern.
What the accounts disclose
“The Trustees consider that the level of reserves not invested in fixed assets is insufficient to meet the minimum level.” — page 6
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- Norwood Guest House: Good
Register events
- Received assets from another charity (29/04/2021)
Trustees
- Anthony Roach
- Niall Wilson
- Stephen Robert Evans
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £5.4m | £5.3m |
| 31/03/2024 | £5.1m | £5.5m |
| 31/03/2023 | £4.6m | £4.9m |
| 31/03/2022 | £4.3m | £4.4m |
| 31/03/2021 | £4.3m | £4.2m |
Common questions
Is INDEPENDENT OPTIONS (NORTH WEST) financially healthy?
The accounts state that the charity incurred a deficit of £356,190 for the year ended 31 March 2023, compared to a deficit of £38,291 in the previous year. The trustees consider the level of reserves not invested in fixed assets to be insufficient to meet their stated policy target of three months' salary costs. However, the trustees maintain that the charity has adequate resources to continue as a going concern. Its FY2023 accounts were audited by Chadwick & Company (Manchester) Limited.