FAMILIES FOR INDIVIDUAL NEEDS AND DIGNITY
Financial health, per its FY2022 accounts
The accounts state that the charity incurred a net expenditure of £79,308 for the year, which was funded from reserves, resulting in a decline in unrestricted cash reserves to £704,689. The trustees consider these reserves satisfactory against their policy target of maintaining reserves above £100,000. The financial performance was attributed to post-pandemic rebuilding costs and wage inflation, offset by continued income from student personal budgets.
What the accounts disclose
“The policy on unrestricted reserves is to maintain those reserves above KI00, 000.” — page 4
Structured financials (annual return, FY ending 30/11/2024)
Trustees
- Charles Hodgsonchair
- David Stokes
- LESLEY NICHOLSON
- LYNNE MARGARET ANSTESS
- Shirley Hart
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £1.4m | £1.3m |
| 30/11/2023 | £1.1m | £1.1m |
| 30/11/2022 | £758k | £838k |
| 30/11/2021 | £738k | £583k |
| 30/11/2020 | £1.1m | £766k |
Common questions
Is FAMILIES FOR INDIVIDUAL NEEDS AND DIGNITY financially healthy?
The accounts state that the charity incurred a net expenditure of £79,308 for the year, which was funded from reserves, resulting in a decline in unrestricted cash reserves to £704,689. The trustees consider these reserves satisfactory against their policy target of maintaining reserves above £100,000. The financial performance was attributed to post-pandemic rebuilding costs and wage inflation, offset by continued income from student personal budgets. Its FY2022 accounts were independently examined.