HFHGB (HOMES)
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £178,526 for the year ended 30 June 2024, driven by high costs associated with the Royal Parade project and reduced consultancy income. Despite this deficit, the charity held unrestricted reserves of £782,699 and a cash balance of £155,837, which the trustees confirmed were sufficient to cover three months of operating expenses. The trustees adopted the going concern basis but acknowledged risks related to delays in asset disposals and potential cost increases as the charity transitions to a wind-down phase.
What the accounts disclose
“One employee earned between £60,000 - £70,000.” — page 28
“One employee earned between £60,000 - £70,000.” — page 28
“The charity aims to hold unrestricted reserves equivalent to three months of operating expenses.”
“However, the trustees are aware of the general uncertainties and thus acknowledge potential risks to the going concern status, including: • Delays in selling off leases. • Unexpected increases in repair and maintenance costs. • Economic downturns that may affect potential buyers.” — page 7
“During the year, £117,841 (2023: £248,858) of funding was received through Habitat for Humanity GB. The amount of funding due from Habitat for Humanity GB at the year-end amounted to £40,511 (2023: £123,682), which is included within other debtors and accrued income.”
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → going-concern doubt noted (FY2024).
Corporate structure
- Registered company of the charity Companies House 03155218
Structured financials (annual return, FY ending 30/06/2024)
Trustees
- Henrietta Blackmore
- Holly Carter
- Ian Kenneth Whitehead
- Ross Avery
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £113k | £215k |
| 30/06/2024 | £889k | £1.1m |
| 30/06/2023 | £632k | £739k |
| 30/06/2022 | £585k | £578k |
| 30/06/2021 | £329k | £383k |
Common questions
Is HFHGB (HOMES) financially healthy?
The accounts state that the charity reported a net expenditure of £178,526 for the year ended 30 June 2024, driven by high costs associated with the Royal Parade project and reduced consultancy income. Despite this deficit, the charity held unrestricted reserves of £782,699 and a cash balance of £155,837, which the trustees confirmed were sufficient to cover three months of operating expenses. The trustees adopted the going concern basis but acknowledged risks related to delays in asset disposals and potential cost increases as the charity transitions to a wind-down phase. Its FY2024 accounts were audited by Knox Cropper LLP.
What does the highest-paid employee of HFHGB (HOMES) earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Who funds HFHGB (HOMES)?
Funders whose own accounts filings name HFHGB (HOMES) as a grant recipient include HABITAT FOR HUMANITY GREAT BRITAIN.
Known funders
| Funder | Year | Amount |
|---|---|---|
| HABITAT FOR HUMANITY GREAT BRITAIN | FY2025 | £4k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Leo Lion Foundation | 1 | £150k |
| THE NATIONWIDE FOUNDATION | 1 | £145k |
| Lloyd's of London Foundation | 1 | £130k |
| Bird Song Trust | 1 | £94k |
| TRUST FOR LONDON | 1 | £71k |
| THE BALCOMBE CHARITABLE TRUST | 1 | £46k |
| THE BEATRICE LAING TRUST | 1 | £30k |
| London Homelessness Foundation | 1 | £25k |