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BETHESDA EVENTIDE HOMES IPSWICH

Registered charity 1051043 · accounts filings on the Charity Commission register

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Latest income
£1.8m
Latest spending
£1.7m
Registered
1995
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that the Charity completed the year with a surplus of £73,457, driven by government grants and legacies. Per the trustees' report, free reserves of £317,269 were below the stated policy target of four months' expenditure, representing only 2.9 months. The charity remains viable but faces financial pressure from local authority funding levels being significantly below care fees.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“as at 31 December 2022, the Free Funds amounted to £317,269 which represented 2.9 months expenditure.”
Per its FY2022 accounts as filed with the Charity Commission.

Accounts audited by SB Audit LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.8m
Total spending
£1.7m
Reserves (reported)
£420k
Employees
72

Reported reserves equal ~3.0 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Suffolk

Income and spending

Financial year endIncomeSpending
31/12/2024£1.8m£1.7m
31/12/2023£1.6m£1.5m
31/12/2022£1.4m£1.3m
31/12/2021£1.1m£1.2m
31/12/2020£1.1m£1.1m

Common questions

Is BETHESDA EVENTIDE HOMES IPSWICH financially healthy?

The accounts state that the Charity completed the year with a surplus of £73,457, driven by government grants and legacies. Per the trustees' report, free reserves of £317,269 were below the stated policy target of four months' expenditure, representing only 2.9 months. The charity remains viable but faces financial pressure from local authority funding levels being significantly below care fees. Its FY2022 accounts were audited by SB Audit LLP.