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GREENSLEEVES HOMES TRUST

Registered charity 1060478 · accounts filings on the Charity Commission register

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Latest income
£89.1m
Latest spending
£95.3m
Registered
1997
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the Trust generated a net deficit of £15.9m for the year ended 31 March 2023, driven by economic pressures, increased agency staff costs, and non-routine items such as property revaluations and development drag. Per the trustees' report, free unrestricted reserves were £211k at year-end, which was below the required policy target of £2,214k, although this position was temporary and rectified by September 2023 following a property sale.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“At the balance sheet date, the Trust’s free unrestricted reserves before long term liabilities were £211k which represents a deficit of £2,003k below the £2,214k required to fulfil the above requirement.” — page 11
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Grant Thornton UK LLP. Discloses 3 of 6 completeness components.

Public fundraising profile: JustGiving — Greensleeves Homes Trust (matched by registered charity number).

Structured financials (annual return, FY ending 31/03/2025)

Total income
£89.1m
Total spending
£95.3m
Cost of raising funds
£169k
Reserves (reported)
£39.4m
Employees
1,845

Reported reserves equal ~5.0 months of spending — above the median for charities its size (median 4.6 months; benchmarks).

Care Quality Commission ratings

CQC inspection ratings for services run by a provider matching this charity’s name (matched by name; verify provider identity on CQC’s site).

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Trustees

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

Operates in: Throughout England

Income and spending

Financial year endIncomeSpending
31/03/2025£89.1m£95.3m
31/03/2024£80.0m£84.5m
31/03/2023£65.2m£81.1m
31/03/2022£53.7m£58.8m
31/03/2021£47.9m£51.4m

Common questions

Is GREENSLEEVES HOMES TRUST financially healthy?

The accounts state that the Trust generated a net deficit of £15.9m for the year ended 31 March 2023, driven by economic pressures, increased agency staff costs, and non-routine items such as property revaluations and development drag. Per the trustees' report, free unrestricted reserves were £211k at year-end, which was below the required policy target of £2,214k, although this position was temporary and rectified by September 2023 following a property sale. Its FY2023 accounts were audited by Grant Thornton UK LLP.