THE HOUSING ASSOCIATIONS' CHARITABLE TRUST
Financial health, per its FY2025 accounts
The accounts state that the charity ended the year with a net deficit on normal activities of £927,335, resulting in total unrestricted reserves of £1,038,010, which is below the board's target of £400,000 in cash-backed general reserves. To address liquidity risks associated with depleted cash reserves, the charity secured a £250,000 bridging loan facility in October 2025. The trustees consider the going concern basis appropriate, citing improved financial controls and forecasted performance from Retrofit Credits to replenish reserves.
What the accounts disclose
“The board has agreed to target to hold a cash-backed general reserve of £400,000 in order to have sufficient resources to cope with unexpected financial shocks and set-backs.” — page 21
“At 31 March 2025 an amount of £17,033 (2024: £2,762) was due to HACTHAL, the subsidiary of the Charity.” — page 47
“The pension liability is now £422,240 and this appears on our balance sheet.” — page 18
“HACT has a fully owned trading subsidiary HACTHAL and the accounts include the results of HACTHAL” — page 19
Leadership, per the charity’s website
- Andrew van Doorn OBE — Chief Executive
- Vicky Hoare — Director of Operations
- Matthew Grenier — Business Development Director
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (11/06/2021)
- Received assets from another charity (01/06/2021)
Trustees
- Caroline Pillay
- Gemma Ann Bell-Smith
- Martin Julian Bickers
- Mary Gibbons
- Michelle Suzanne Dawson
- Nigel Peter Wilson
- Peter Marsh
- Sarah Louise Thomas
- Shaun Holdcroft
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £4.8m | £5.9m |
| 31/03/2024 | £5.0m | £4.8m |
| 31/03/2023 | £3.6m | £3.1m |
| 31/03/2022 | £3.6m | £3.6m |
| 31/03/2021 | £2.6m | £2.2m |
Common questions
Is THE HOUSING ASSOCIATIONS' CHARITABLE TRUST financially healthy?
The accounts state that the charity ended the year with a net deficit on normal activities of £927,335, resulting in total unrestricted reserves of £1,038,010, which is below the board's target of £400,000 in cash-backed general reserves. To address liquidity risks associated with depleted cash reserves, the charity secured a £250,000 bridging loan facility in October 2025. The trustees consider the going concern basis appropriate, citing improved financial controls and forecasted performance from Retrofit Credits to replenish reserves. Its FY2025 accounts were audited by Sayer Vincent LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NEIGHBOURLY FOUNDATION | 1 | £1.6m |
| THE NATIONWIDE FOUNDATION | 1 | £145k |
| Bird Song Trust | 1 | £94k |
| TRUST FOR LONDON | 1 | £71k |
| THE BALCOMBE CHARITABLE TRUST | 1 | £46k |
| THE BEATRICE LAING TRUST | 1 | £30k |
| THE SALISBURY POOL CHARITY COMPRISING THE FIRST MOIETY ESTABLISHED BY CLAUSE 2 OF THE DEED OF DECLARATION DATED 23RD MARCH 1976 | 1 | £28k |
| THE MRS SMITH AND MOUNT TRUST | 1 | £20k |