AMBIENT SUPPORT LIMITED
Financial health, per its FY2024 accounts
The accounts state that the Group reported a net deficit of £3,732k for the year ended 31 March 2024, resulting in a free reserves deficit of £3,805k. The Trustees acknowledge that the Group needs to improve financial performance to restore reserves to the stated target of £5.0m. The financial position is subject to material uncertainty regarding the turnaround plan and continued support from Charity Bank.
What the accounts disclose
“The general reserve target was previously agreed to be at a minimum level of £5m, and this remains the overall target”
“As stated in note 1, these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the group and parent charity’s ability to continue as a going concern.” — page 20
“Ambient has purchased £649k of facilities management services during the year (2023: £643k) from Amber Housing, a subsidiary.” — page 33
“The following amounts are paid by Amber Housing to Ambient: a management fee of £63k per annum (2023: £63k); interest charge of £Nil (2023: £4k); property related payments of £5k amount (2023: £20k); gardening charge of £11k (2023: £8k).” — page 33
“Ambient has purchased £649k of facilities management services during the year (2023: £643k) from Amber Housing, a subsidiary.” — page 33
“The following amounts are paid by Amber Housing to Ambient: a management fee of £63k per annum (2023: £63k); interest charge of £Nil (2023: £4k); property related payments of £5k amount (2023: £20k); gardening charge of £11k (2023: £8k).” — page 33
“Ambient has purchased £649k of facilities management services during the year (2023: £643k) from Amber Housing, a subsidiary.” — page 33
“The following amounts are paid by Amber Housing to Ambient: a management fee of £63k per annum (2023: £63k); interest charge of £Nil (2023: £4k); property related payments of £5k amount (2023: £20k); gardening charge of £11k (2023: £8k).” — page 33
“Social Housing Pension Scheme (SHPS): £1,606k (2023: £1,598k)” — page 9
“It has one wholly owned trading subsidiary: Amber Housing Limited (“Amber Housing”)”
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- David John Brindlechair
- Alan Twan Bates
- Andrew John Tunks
- Angela Meriel Gibbs
- IAIN FRANCIS O'NEIL
- Pamela Jane Harding
- Read Baurtally
- Samantha Dunlop
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | — | — |
| 31/03/2024 | £37.3m | £40.6m |
| 31/03/2023 | £36.7m | £42.1m |
| 31/03/2022 | £39.5m | £40.2m |
| 31/03/2021 | £36.9m | £37.6m |
Common questions
Is AMBIENT SUPPORT LIMITED financially healthy?
The accounts state that the Group reported a net deficit of £3,732k for the year ended 31 March 2024, resulting in a free reserves deficit of £3,805k. The Trustees acknowledge that the Group needs to improve financial performance to restore reserves to the stated target of £5.0m. The financial position is subject to material uncertainty regarding the turnaround plan and continued support from Charity Bank. Its FY2024 accounts were audited by RSM UK Audit LLP.