HIBISCUS HOUSING PROJECT
To provide housing and support for elderly people primarily but not exclusively of African & Caribbean origin in Newham to enable them to live as independently as possible and to organise activities such as Keep Fit, Healthy eating, Computer use, Tai-chi, Soft furnishings, for both resident and non-resident service users to mitigate loneliness and isolation.
Objects
THE OBJECTS FOR WHICH THE PROJECT IS ESTABLISHED ARE FOR THE RELIEF OF FRAIL ELDERLY PEOPLE IN NEED BY PROVIDING AND ASSISTING IN THE PROVISION OF HOUSING AND OTHER ACCOMMODATION AND OTHER ASSISTANCE FOR SUCH PEOPLE AND IN SO DOING:- (1) TO PROVIDE HIGH STANDARD SELF-CONTAINED ACCOMMODATION FOR FRAIL ELDERLY PEOPLE PARTICULARLY THOSE OF CARIBBEAN AND AFRICAN ORIGIN WHO LIVE OR WORK IN THE LONDON BOROUGH OF NEWHAM; (11) TO PROVIDE HOUSING AND SUPPORT COMMENSURATE WITH THE INDIVIDUAL NEEDS OF FRAIL ELDERLY PEOPLE PARTICULARLY THOSE OF CARIBBEAN AND AFRICAN ORIGIN TO ENABLE THEM TO LIVE AS INDEPENDENTLY AS POSSIBLE; AND (111) TO PROVIDE HOME-FROM-HOME FACILITIES IN A CULTURALLY SENSITIVE ENVIRONMENT AND ENABLE EACH TENANT TO LIVE IN HIS OR HER HOME FOR AS LONG AS THEY WANT, EVEN IF THEIR NEEDS CHANGE AND THEIR CARE REQUIREMENTS INCREASE.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £41,693, which the trustees consider sufficient to meet contingencies and day-to-day capital requirements. The charity faces financial pressure from rising rent charges by its landlord, L&Q, which has resulted in a reduction of reserves, though the organization remains solvent with net assets of £61,693.
What the accounts disclose
“Income for the year was £224,708 on account derived almost exclusively from rental income.” — page 4
“The management committee have designated reserves to represent funds immobilised as tangible assets and to meet contingencies not likely to be funded by anticipated income. The organisation also aims to maintain or increase the level of its general fund for the purpose of day to day capital requirements and for meeting unexpected shortfalls in income and/or increases in expenditure.” — page 9
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Corporate structure
- Registered company of the charity Companies House 03446281
Company officers (Companies House)
- WATSON, Hazel on trustee list
Trustees
- HAZEL WATSONchair
- Alvin Chrouch
- Beverly Biggs
- Coraldene Imelda Howsen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £225k | £215k |
| 31/03/2024 | £198k | £191k |
| 31/03/2023 | £192k | £200k |
| 31/03/2022 | £181k | £191k |
| 31/03/2021 | £172k | £181k |
Common questions
Is HIBISCUS HOUSING PROJECT financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £41,693, which the trustees consider sufficient to meet contingencies and day-to-day capital requirements. The charity faces financial pressure from rising rent charges by its landlord, L&Q, which has resulted in a reduction of reserves, though the organization remains solvent with net assets of £61,693. Its FY2025 accounts were independently examined.