INDEPENDENT LIVES (DISABILITY)
Financial health, per its FY2022 accounts
The accounts state that the charity achieved a net surplus of £98,164 for the year ended 31 December 2022, with unrestricted reserves rising to £692,132. This figure exceeds the charity's stated reserves policy target of £475,000, indicating a position above its own risk-weighted requirement. The trustees note that while the surplus was slightly lower than the previous year due to recruitment difficulties, the charity remains focused on maintaining financial stability.
What the accounts disclose
“Independent Lives Trading Limited, the wholly owned subsidiary company, provides professional payroll and banking administration services” — page 3
Structured financials (annual return, FY ending 31/12/2024)
Care Quality Commission ratings
- Independent Lives (Disability): Good
Register events
- Received assets from another charity (02/02/2022)
Trustees
- Adil Siganporia
- Chandos David Green
- Joanna Tuck
- Lucas McGregor
- Lucy Casey
- Simon David Wilson
- Toby Hewson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.4m | £3.3m |
| 31/12/2023 | £2.9m | £3.1m |
| 31/12/2022 | £3.1m | £3.0m |
| 31/12/2021 | £3.1m | £3.0m |
| 31/12/2020 | £2.8m | £2.6m |
Common questions
Is INDEPENDENT LIVES (DISABILITY) financially healthy?
The accounts state that the charity achieved a net surplus of £98,164 for the year ended 31 December 2022, with unrestricted reserves rising to £692,132. This figure exceeds the charity's stated reserves policy target of £475,000, indicating a position above its own risk-weighted requirement. The trustees note that while the surplus was slightly lower than the previous year due to recruitment difficulties, the charity remains focused on maintaining financial stability. Its FY2022 accounts were audited by Sheen Stickland.