COMMONWEAL HOUSING LIMITED
Commonweal is a housing based action learning charity. The charity creates and facilitates housing projects in partnership with expert delivery partners that incorporate bespoke services for occupiers enduring social injustice in order to demonstrate how these social injustices can be compassionately restored. It then shares key learning to aid others to shape and deliver future services.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £10,391,094, significantly exceeding the stated policy minimum of £250,000 in readily realisable cash. The charity reported a net movement in funds of £235,516, driven by strong unrestricted income from its principal benefactor, Grove End Housing, which accounted for 58% of total income. The trustees confirmed the financial statements are prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“2024: one in the range £100,000-£110,000 during the year.” — page 21
“In 2024 GEHL revenue funding accounted for 58% of income excluding a gain on disposal of tangible fixed assets 2023 56%); and rental income 40% (2023 35%).” — page 7
“In December 2024, the reserves policy was reviewed by the Trustees who felt a continuation of a readily available cash reserve figure of a minimum of £250k to be appropriate.” — page 10
“The unlisted investment of £1 represents the charity’s interest in the share capital of its wholly- owned subsidiary undertaking, Re-Unite Limited. The subsidiary is registered in England and Wales and has not traded since it was incorporated on 28 October 2009.” — page 22
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Amarjit Bainschair
- Colette Elizabeth Shields
- Dr Elanor Joan Petra Warwick
- GARABED SHANT MEDAZOUMIAN
- Gerald Kelly
- JOHN AULD MACTAGGART
- JONATHAN DANIEL PORTES PROFESSOR
- Nezahat Cihan
- Russell Scott Edwards
- Sheldon Chester Shillingford
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.0m | £1.0m |
| 31/12/2023 | £1.1m | £1.0m |
| 31/12/2022 | £877k | £796k |
| 31/12/2021 | £896k | £974k |
| 31/12/2020 | £1.0m | £918k |
Common questions
Is COMMONWEAL HOUSING LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £10,391,094, significantly exceeding the stated policy minimum of £250,000 in readily realisable cash. The charity reported a net movement in funds of £235,516, driven by strong unrestricted income from its principal benefactor, Grove End Housing, which accounted for 58% of total income. The trustees confirmed the financial statements are prepared on a going concern basis with no material uncertainties identified. Its FY2024 accounts were audited by Price Bailey LLP.
What does the highest-paid employee of COMMONWEAL HOUSING LIMITED earn?
Per its FY2024 accounts, the highest-paid employee was in the £100,001 - £110,000 band.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| POLDEN PUCKHAM CHARITABLE FOUNDATION | 1 | £375k |
| THE NATIONWIDE FOUNDATION | 1 | £238k |
| Alex Ferry Foundation | 1 | £108k |
| Bird Song Trust | 1 | £94k |
| JOHN ELLERMAN FOUNDATION | 1 | £90k |
| TRUST FOR LONDON | 1 | £71k |
| THE BALCOMBE CHARITABLE TRUST | 1 | £66k |
| CHARITY OF SIR RICHARD WHITTINGTON | 1 | £57k |
Charities like this
- COMMON WEALTH THEATRE LIMITED
- Commonwealth Jewish Council
- RAMSEY WELFARE CHARITIES
- COMMONWEALTH PARLIAMENTARY ASSOCIATION (UNITED KINGDOM BRANCH)
- COMMUNITY HOUSING CYMRU
- WITTON LODGE COMMUNITY ASSOCIATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| COMMONWEAL HOUSING LIMITED | £1.0m | £100,001 - £110,000 | — | above | — | no doubt |
| COMMON WEALTH THEATRE LIMITED | £760k | — | 0 | above | — | no doubt |
| Commonwealth Jewish Council | £181k | — | 0 | unclear | — | no doubt |
| RAMSEY WELFARE CHARITIES | £310k | — | 0 | unclear | — | no doubt |
| COMMONWEALTH PARLIAMENTARY ASSOCIATION (UNITED KINGDOM BRANCH) | £3.3m | — | — | unclear | — | no doubt |
| COMMUNITY HOUSING CYMRU | £2.1m | £120,468 | 3 | above | — | no doubt |