TEIGN HOUSING
Large scale voluntary transfer organisation that provides affordable housing services in south devon.
Financial health, per its FY2025 accounts
The accounts state that the Group made a deficit of £429,000 for the year, primarily due to a £2.7 million provision for fire safety remedial work. Despite this deficit, the organization holds unrestricted reserves of £69.2 million and maintains a strong borrowing capacity with significant undrawn facilities, indicating continued financial viability.
What the accounts disclose
“Turnover represents rental income receivable from tenants and leaseholders, amortised capital grants, revenue grants from Local Authorities and Homes England, income from the sale of shared ownership properties and income from other service suppliers, excluding VAT.” — page 43
“The Board is committed to and complies with the standards in the Code; however, there has been one exception this year. The Chair of the Board has served just over 9 years, which is over the prescribed nine-year maximum.” — page 5
“The organisation has a wholly owned subsidiary, Templer HomeBuild Limited. Its purpose is to provide property maintenance and construction services to the social housing sector.” — page 5
Inspection and regulatory ratings
- Regulator of Social Housing — Teign Housing: governance G1 viability V2 consumer C2
In the news
- Teign Housing rewards keen gardeners
- Teign Housing rewards green-fingered residents
- Teign Housing remains a top employer
- Persimmon Homes agrees contract with Teign Housing for affordable homes in Okehampton
- Teign Housing tops best employers charts
Corporate structure
- Registered company of the charity Companies House 04619035
- Trading subsidiary: TEMPLER HOMEBUILD LIMITED Companies House 05588796
- Turnover: £3.6m
- Profit before tax: £83k
- Donated/gift-aided to the charity: £83k
- Working capital loan from parent Teign Housing Ltd remains at £400,000.
“The directors of Templer HomeBuild Limited have agreed to make a gift aid payment in 2025 of £82,799 to the parent company, Teign Housing.”
Leadership, per the charity’s website
- Richard Gammage — Chair
- Tom Woodman — Chief Executive
- Helen Hilditch — Director
- Alison North — Director
- Clare Beach — Director
- Justin Glue — Director
Company officers (Companies House)
- HENDERSON, Anne-Marie not on trustee list
- PLUMB, Richard James on trustee list
- DEXTER, George Herbert on trustee list
- GAMMAGE, Richard David on trustee list
- WOODMAN, Thomas on trustee list
- PALKA, Sean Gavin on trustee list
- HARWOOD LINCOLN, Rebecca Renate not on trustee list
- DAVOILE, Joanna Margaret on trustee list
- HIGGINSON, Stephen on trustee list
- DAVIES, Stuart on trustee list
- HILDITCH, Helen
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- George Dexter
- Joanna Davoile
- Rebecca Harwood Lincoln
- Richard David Gammage
- Richard Plumb
- Sean Gavin Palka
- Stephen Higginson
- Stuart Davies
- Thomas Woodman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £25.8m | £23.8m |
| 31/03/2024 | £24.8m | £22.2m |
| 31/03/2023 | £21.4m | £19.0m |
| 31/03/2022 | £20.7m | £22.4m |
| 31/03/2021 | £20.1m | £16.8m |
Common questions
Is TEIGN HOUSING financially healthy?
Per its FY2025 accounts: The accounts state that the Group made a deficit of £429,000 for the year, primarily due to a £2.7 million provision for fire safety remedial work. Despite this deficit, the organization holds unrestricted reserves of £69.2 million and maintains a strong borrowing capacity with significant undrawn facilities, indicating continued financial viability. Its FY2025 accounts were audited by Beever and Struthers.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| WALES COUNCIL FOR VOLUNTARY ACTION | 1 | £506k |
| THE HOUSING ASSOCIATIONS' CHARITABLE TRUST | 1 | £10k |
| THE DAVID GIBBONS FOUNDATION | 1 | £4k |
| THE J G GRAVES CHARITABLE TRUST | 1 | £1k |
Charities like this
- TARGET HOUSING LIMITED
- TEIGNBRIDGE COMMUNITY AND VOLUNTARY SERVICES
- HAIG HOUSING TRUST
- NORTHUMBERLAND AGED MINEWORKERS' HOMES ASSOCIATION
- WALSALL HOUSING GROUP LIMITED
- TORFAEN VOLUNTARY ALLIANCE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| TEIGN HOUSING | £25.8m | — | 0 | unclear | — | no doubt |
| TARGET HOUSING LIMITED | £18.6m | — | — | unclear | — | no doubt |
| TEIGNBRIDGE COMMUNITY AND VOLUNTARY SERVICES | £1.1m | — | 0 | above | — | no doubt |
| HAIG HOUSING TRUST | £16.5m | £80,001 - £90,000 | — | above | — | no doubt |
| NORTHUMBERLAND AGED MINEWORKERS' HOMES ASSOCIATION | £1.5m | £60,001 - £70,000 | — | below | — | no doubt |
| WALSALL HOUSING GROUP LIMITED | £155.4m | — | — | unclear | — | no doubt |