ABLE (ACTION FOR A BETTER LIFE)
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds increased to £449,835, which the trustees consider an appropriate level of free reserves in line with their policy of maintaining three to six months of expenditure. The charity generated a net income surplus of £10,527 for the year, supported by significant contracted funding from Wiltshire Council, although the trustees note potential negative impacts on future funding due to financial difficulties faced by local authorities.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 7
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- Glanmor: Good
- ABLE (Action for a Better Life) - 57 King Street: Good
Trustees
- Andrew Nigel Cox
- Jonathon Palmer
- Karen Cox
- Lyn Adams
- Richard Adams
- Wallace Regelous
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.0m | £978k |
| 31/03/2024 | £898k | £887k |
| 31/03/2023 | £839k | £845k |
| 31/03/2022 | £821k | £778k |
| 31/03/2021 | £800k | £751k |
Common questions
Is ABLE (ACTION FOR A BETTER LIFE) financially healthy?
The accounts state that unrestricted funds increased to £449,835, which the trustees consider an appropriate level of free reserves in line with their policy of maintaining three to six months of expenditure. The charity generated a net income surplus of £10,527 for the year, supported by significant contracted funding from Wiltshire Council, although the trustees note potential negative impacts on future funding due to financial difficulties faced by local authorities. Its FY2024 accounts were independently examined.