INDEPENDENT HOUSING UK LTD
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £164,132 for the year ended 31 March 2024, resulting in unrestricted reserves of £571,504. The trustees confirm that these current reserves more than meet their stated policy target of approximately three months of expenditure. The independent auditors reported no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should equate to approximately three months expenditure.” — page 5
“The Trustees did not receive any remuneration or expenses (2023 £nil) for their role as a trustee. However, the following amounts were paid during the the current and previous year to current and former trustees : Judith Hall £500 (2023: £6,000) for marketing services. Joy Malyon £nil (2023: £18,095) for services relating to governance, strategy and risk control. Nigel Richmond £nil (2023: £13,656) for accountancy services.” — page 20
“During the year ended 31 March 2023, service charges were made of £1,673,343 and office service recharges were made of £15,923.” — page 24
“Judith Hall £500 (2023: £6,000) for marketing services. Joy Malyon £nil (2023: £18,095) for services relating to governance, strategy and risk control. Nigel Richmond £nil (2023: £13,656) for accountancy services.”
“During the year ended 31 March 2023, service charges were made of £1,673,343 and office service recharges were made of £15,923.” — page 24
“Judith Hall £500 (2023: £6,000) for marketing services. Joy Malyon £nil (2023: £18,095) for services relating to governance, strategy and risk control. Nigel Richmond £nil (2023: £13,656) for accountancy services.”
“Following engagement with the Charity Commission we are assessing all of our Governance and an implementation plan will be adopted to action during 2023-2024. We are also seeking guidance on the legality of historical payments to trustees.” — page 6
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Dr Glen Mason
- Jessal Murarji
- Philip Thomas Shanks
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £9.2m | £9.2m |
| 31/03/2024 | £9.3m | £9.1m |
| 31/03/2023 | £7.7m | £8.0m |
| 31/03/2022 | £6.4m | £6.4m |
| 31/03/2021 | £6.6m | £6.4m |
Common questions
Is INDEPENDENT HOUSING UK LTD financially healthy?
The accounts state that the charity generated a surplus of £164,132 for the year ended 31 March 2024, resulting in unrestricted reserves of £571,504. The trustees confirm that these current reserves more than meet their stated policy target of approximately three months of expenditure. The independent auditors reported no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Azets Audit Services.