HOPE HOUSE SCHOOL LIMITED
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net expenditure deficit of £26,993 for the year ended 31 December 2022, an improvement on the previous year's deficit of £342,553. The trustees confirm that unrestricted free reserves of £17,428 were below the stated policy target of three months' trading, though they attribute this to a temporary cashflow dip and assert adequate resources for the foreseeable future.
What the accounts disclose
“It is the policy of the Charity to maintain unrestricted free reserves at a sufficient level to finance three months trading. Assuming monthly expenditure of £100k per month, the Charity has not been able to satisfy this target with a balance in the bank amounting to £166k at 31 December 22.” — page 6
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (21/03/2011)
Trustees
- Brian James Jones
- James Barrie
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.0m | £1.4m |
| 31/12/2023 | £1.9m | £1.3m |
| 31/12/2022 | £1.3m | £1.3m |
| 31/12/2021 | £972k | £1.3m |
| 31/12/2020 | £1.4m | £1.3m |
Common questions
Is HOPE HOUSE SCHOOL LIMITED financially healthy?
The accounts state that the charity reported a net expenditure deficit of £26,993 for the year ended 31 December 2022, an improvement on the previous year's deficit of £342,553. The trustees confirm that unrestricted free reserves of £17,428 were below the stated policy target of three months' trading, though they attribute this to a temporary cashflow dip and assert adequate resources for the foreseeable future. Its FY2022 accounts were audited by Rogers Spencer.