HITS HOMES TRUST LIMITED
Supported housing to vulnerable, single, homeless people aged between 16 and 25 years old. Provide a Protected Licence that can be for a maximum stay of two years.
Financial health, per its FY2025 accounts
The accounts state that the charity achieved a surplus of £28,000 for the year, with free reserves standing at £248,000, providing 18 months of liquidity. The trustees noted that income increased due to a 7% rent rise, although this was offset by higher void levels and increased management costs. The financial position is described as secure, with plans discussed to purchase properties to reduce future rental liabilities.
What the accounts disclose
Property (HM Land Registry)
Trustees
- DAVID BRAZIERchair
- ERVIN PICARI
- KAILESH BHAYANI
- PIYUSH KOTECHA
- TOWANA GRAHAM
- VICTORIA ANNE STEPHENSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £210k | £193k |
| 31/03/2024 | £204k | £175k |
| 31/03/2023 | £187k | £173k |
| 31/03/2022 | £186k | £184k |
| 31/03/2021 | £152k | £153k |
Common questions
Is HITS HOMES TRUST LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity achieved a surplus of £28,000 for the year, with free reserves standing at £248,000, providing 18 months of liquidity. The trustees noted that income increased due to a 7% rent rise, although this was offset by higher void levels and increased management costs. The financial position is described as secure, with plans discussed to purchase properties to reduce future rental liabilities. Its FY2025 accounts were audited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Brian Mercer Trust | 1 | £150k |
| THE MRS SMITH AND MOUNT TRUST | 1 | £20k |
| THE FORRESTER FAMILY TRUST | 1 | £15k |
| THE TRUEMARK TRUST | 1 | £7k |
| Q CHARITABLE TRUST | 1 | £5k |
| THE BEATRICE LAING TRUST | 1 | £5k |
| THE ARCHER TRUST | 1 | £5k |
| BELMONT EXETER | 1 | £3k |
Charities like this
- Stay Charity
- DURHAM ACTION ON SINGLE HOUSING LTD
- CITY OF EXETER YMCA
- HOUSING THE HOMELESS CENTRAL FUND
- NIGHTSAFE LIMITED
- CALICO HOMES LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| HITS HOMES TRUST LIMITED | £210k | — | 0 | unclear | — | no doubt |
| Stay Charity | £2.2m | — | 0 | unclear | — | no doubt |
| DURHAM ACTION ON SINGLE HOUSING LTD | £1.3m | — | — | above | — | no doubt |
| CITY OF EXETER YMCA | £2.3m | — | 0 | below | — | no doubt |
| HOUSING THE HOMELESS CENTRAL FUND | £80k | — | 0 | no_policy | — | no doubt |
| NIGHTSAFE LIMITED | £1.3m | — | 0 | unclear | — | no doubt |