HESTERS WAY PARTNERSHIP LTD
Financial health, per its FY2023 accounts
The accounts state that unrestricted funds increased to £213,680, reflecting a stabilization of business finances. The trustees maintain a reserves policy target of £100,000, which is equivalent to twelve months' predicted core expenditure, and the current unrestricted reserves are above this target. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The trustees propose to maintain the charity's reserves at a level of £100,000, which is at least equivalent to twelve months' predicted core expenditure for the year 2023-24.”
Corporate structure
- Registered company of the charity Companies House 03685423
Funders the charity credits
- SWEA
- European Regional Development Fund
- Enovert
- CBC
- Ash Fund
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- DR LLOYD JAMES PETER KILFORD
- Joanna Kurlbaum
- Michael John Sheppee
- RYAN JOHN BARKLE
- Rev Janice Patricia Hamilton
- Simon Maynard Richardson
- Wendy Flynn
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £515k | £529k |
| 31/03/2024 | £499k | £473k |
| 31/03/2023 | £482k | £447k |
| 31/03/2022 | £136k | £248k |
| 31/03/2021 | £199k | £255k |
Common questions
Is HESTERS WAY PARTNERSHIP LTD financially healthy?
The accounts state that unrestricted funds increased to £213,680, reflecting a stabilization of business finances. The trustees maintain a reserves policy target of £100,000, which is equivalent to twelve months' predicted core expenditure, and the current unrestricted reserves are above this target. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Andorran Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ANNABEL ARBIB FOUNDATION | 1 | £396k |
| YESBE LIMITED | 1 | £31k |
| ANPRIDE LIMITED | 1 | £6k |
| THE IMAM HUSSEIN FOUNDATION | 1 | £1k |