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KEELMAN HOMES LIMITED

Registered charity 1133321 · accounts filings on the Charity Commission register

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Latest income
£2.1m
Latest spending
£2.2m
Registered
2009
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a deficit for the year of £153,000 (2023: £112,000), resulting in retained reserves of £113,000. The reserves policy aims to maintain general reserves at a minimum of 3% of the annual expenditure budget, and the current reserves are below this stated target. The trustees consider the going concern basis appropriate, citing sufficient funds to meet liabilities for more than 12 months.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“Keelman Homes aims to maintain its general reserves at a minimum of 3% of the annual expenditure budget” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Gateshead Council
“The total expenditure incurred with Gateshead Council during financial year 2023/24 was £218,094, and the total income received was £598,091. There were also creditors due to Gateshead Council totalling £634 and a debtor amount of £77,935 at 31 March 2024.” — page 27
“The total expenditure incurred with Karbon Homes during 2023/24 was £282,251, and the total income received was £78,925. There were also creditors due to Karbon totalling £42,725 and a debtor amount of nil at 31 March 2024.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Karbon Homes
“The total expenditure incurred with Gateshead Council during financial year 2023/24 was £218,094, and the total income received was £598,091. There were also creditors due to Gateshead Council totalling £634 and a debtor amount of £77,935 at 31 March 2024.” — page 27
“The total expenditure incurred with Karbon Homes during 2023/24 was £282,251, and the total income received was £78,925. There were also creditors due to Karbon totalling £42,725 and a debtor amount of nil at 31 March 2024.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by CLA Evelyn Partners Limited. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£2.1m
Total spending
£2.2m
Reserves (reported)
£180k
Employees
4

Reported reserves equal ~1.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Gateshead

Income and spending

Financial year endIncomeSpending
31/03/2025£2.1m£2.2m
31/03/2024£1.8m£1.3m
31/03/2023£1.8m£1.9m
31/03/2022£2.4m£1.2m
31/03/2021£1.5m£1.6m

Common questions

Is KEELMAN HOMES LIMITED financially healthy?

The accounts state that the charity reported a deficit for the year of £153,000 (2023: £112,000), resulting in retained reserves of £113,000. The reserves policy aims to maintain general reserves at a minimum of 3% of the annual expenditure budget, and the current reserves are below this stated target. The trustees consider the going concern basis appropriate, citing sufficient funds to meet liabilities for more than 12 months. Its FY2024 accounts were audited by CLA Evelyn Partners Limited.