BRIGHTON AND HOVE SEASIDE COMMUNITY HOMES LIMITED
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure of £171,575 for the year ended 31 March 2023, resulting in a total deficiency of unrestricted funds of £7,092,409. Despite this deficit, the trustees confirmed that the company has adequate resources to continue operating for the foreseeable future based on a robust forty-year financial model and secured financing from Santander. The auditors concluded that the use of the going concern basis was appropriate and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“one employee (2022: one employee) earned more than f60, 000, but not more than f90,000.”
“one employee (2022: one employee) earned more than f60, 000, but not more than f90,000.”
“The long-term financial plan and projections prepared have anticipated reserves, although these are in deficit at present and will be for some time to come. However, the board is keen to designate part of the charity's cash funds to be used for cash reserves and in the light of the main risks to the organisation has decided to set aside three months overheads and operating costs plus redundancy costs for such a purpose.” — page 6
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Christopher James Carlislechair
- Faiza Abdallah Baghoth
- Kerry Maxine Pickett
- Liam James Holden
- Malebogo Koakae
- Mark Andrew Jasper
- Philip O'Dwyer
- Philip Stephen Woodgate
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £6.4m | £5.6m |
| 31/03/2024 | £5.3m | £5.5m |
| 31/03/2023 | £5.2m | £5.3m |
| 31/03/2022 | £5.1m | £5.2m |
| 31/03/2021 | £4.6m | £5.1m |
Common questions
Is BRIGHTON AND HOVE SEASIDE COMMUNITY HOMES LIMITED financially healthy?
The accounts state that the charity reported a net expenditure of £171,575 for the year ended 31 March 2023, resulting in a total deficiency of unrestricted funds of £7,092,409. Despite this deficit, the trustees confirmed that the company has adequate resources to continue operating for the foreseeable future based on a robust forty-year financial model and secured financing from Santander. The auditors concluded that the use of the going concern basis was appropriate and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Chariot House Limited.
What does the highest-paid employee of BRIGHTON AND HOVE SEASIDE COMMUNITY HOMES LIMITED earn?
Per its FY2023 accounts, the highest-paid employee was in the £60,001 - £90,000 band, and 1 employees earned over £60,000.