COMMONWEAL HOUSING LIMITED
Financial health, per its FY2023 accounts
The accounts state that the charity is financially robust, with total reserves standing at £10,155,578 as of 31 December 2023. The trustees consider the results of increased income from the residential property portfolio and continued support from the principal benefactor to be satisfactory, noting that the charity is not financially dependent upon public donations or public sector contracts.
What the accounts disclose
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?
The accounts state that the charity is financially robust, with total reserves standing at £10,155,578 as of 31 December 2023. The trustees consider the results of increased income from the residential property portfolio and continued support from the principal benefactor to be satisfactory, noting that the charity is not financially dependent upon public donations or public sector contracts. Its FY2023 accounts were audited by Price Bailey LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| 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 MERCERS CHARITABLE FOUNDATION | 1 | £11k |
| THE BARROW CADBURY TRUST | 1 | £7k |
| SCHRODER CHARITY TRUST | 1 | £4k |