PHASES SOCIAL ENTERPRISE
Renovating empty buildings as a way of providing construction training opportunities to marginalised people and creating affordable housing for those in need
Objects
THE CHARITY’S OBJECTS (‘THE OBJECTS’) ARE TO RELIEVE POVERTY, SICKNESS AND DISTRESS, IN PARTICULAR, BUT NOT EXCLUSIVELY: BY THE PROVISION OF ADVICE, TRAINING AND SUPPORT, AND ESPECIALLY THROUGH THE DEVELOPMENT OF PROJECTS WHICH CONSTRUCT NEW PROPERTIES, RENOVATE UNDERUSED BUILDINGS AND PROVIDE CONSTRUCTION TRAINING OPPORTUNITIES FOR PERSONS IN CHARITABLE NEED; AND BY THE PROVISION OF HOUSING FOR PERSONS IN NECESSITOUS CIRCUMSTANCES UPON TERMS APPROPRIATE TO THEIR MEANS.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves of £600,570 are below the trustees' stated policy target of six months of general expenditure, estimated at £89,000. The charity reported a net expenditure of £60,820 for the year, primarily driven by charitable activities costing £230,880 against total income of £170,060. Despite the deficit, the trustees confirm adequate resources for going concern and note a £50,000 revaluation gain on investment properties.
What the accounts disclose
“Rental income, which is at the core of the social enterprise model of the charity, was £169,285.88 for the year.” — page 6
“The Trustees have established that the level of unrestricted reserves in the general fund (that is those funds that are freely available) that Phases ought to have is six months of general expenditure. General expenditure is taken to exclude the costs of new renovation projects but does include repayment of loans. Six months of general expenditure is estimated as £89k.” — page 8
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- 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
- Investment
- 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
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 12
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 12
Self-declared on the annual return for the financial year ending 31/12/2023
- Volunteers: 8
Property (HM Land Registry)
Trustees
- JOSEPH MBANGchair
- PAUL RUTHVEN CARSTAIRS
- TOKUNBO OSUNBAYO
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £170k | £231k |
| 31/12/2024 | £187k | £218k |
| 31/12/2023 | £182k | £259k |
| 31/12/2022 | £200k | £208k |
| 31/12/2021 | £195k | £207k |
Common questions
Is PHASES SOCIAL ENTERPRISE financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves of £600,570 are below the trustees' stated policy target of six months of general expenditure, estimated at £89,000. The charity reported a net expenditure of £60,820 for the year, primarily driven by charitable activities costing £230,880 against total income of £170,060. Despite the deficit, the trustees confirm adequate resources for going concern and note a £50,000 revaluation gain on investment properties. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 20/11/2009 | £7k | Homeless But Handy |
| The National Lottery Community Fund | 22/10/2007 | £8k | Room for Improvement |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Brian Mercer Trust | 1 | £350k |
| Point North Community Foundation | 1 | £337k |
| IMAGINE FOUNDATION | 1 | £95k |
| THE EARL OF NORTHAMPTON'S CHARITY | 1 | £73k |
| THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION | 1 | £61k |
| LLOYDS BANK FOUNDATION FOR ENGLAND & WALES | 1 | £52k |
| THE VARDY FOUNDATION | 1 | £36k |
| THE MERCERS CHARITABLE FOUNDATION | 1 | £34k |
Charities like this
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| PHASES SOCIAL ENTERPRISE | £170k | — | 0 | unclear | — | no doubt |
| POWER FOR THE PEOPLE | £230k | £32,834 | 0 | unclear | — | no doubt |
| NHANCED COMMUNITIES | £182k | — | 0 | unclear | — | no doubt |
| ACTIVITEENS | £144k | — | 0 | unclear | — | no doubt |
| TRANSFORMING LIVES | £62k | — | 0 | unclear | — | no doubt |
| SPACE | £256k | — | 0 | below | — | no doubt |