DEWIS CENTRE FOR INDEPENDENT LIVING
Financial health, per its FY2024 accounts
The accounts state that the charity achieved a surplus of £15,214 for the year ended 31 March 2024, with total income of £1,845,467 and expenditure of £1,818,253. Per the trustees' report, free reserves stood at £950,650, which equates to approximately six months of resources expended, satisfying the charity's own reserves policy target of three to six months. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The trustees have established a policy where charitable funds not committed or invested in tangible fixed assets (the free reserves) held by the charity should equate to 3 to 6 months of resources expended.” — page 6
“Dewis Independent Services is a subsidiary company of the charity. It has been dormant from its incorporation in April 2015 and therefore there is no requirement to consolidate the results.” — page 16
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Tracy Pricechair
- JULIE THOMAS
- Joanna Perkins
- MAIRWEN JONES
- MICHAEL WILLIAMS
- Valerie Smith
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.1m | £1.9m |
| 31/03/2024 | £1.8m | £1.8m |
| 31/03/2023 | £1.8m | £1.8m |
| 31/03/2022 | £1.8m | £1.7m |
| 31/03/2021 | £1.8m | £1.7m |
Common questions
Is DEWIS CENTRE FOR INDEPENDENT LIVING financially healthy?
The accounts state that the charity achieved a surplus of £15,214 for the year ended 31 March 2024, with total income of £1,845,467 and expenditure of £1,818,253. Per the trustees' report, free reserves stood at £950,650, which equates to approximately six months of resources expended, satisfying the charity's own reserves policy target of three to six months. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Bevan Buckland LLP.