DEPAUL HOUSING SERVICES
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £11k for the year ended 31 December 2024, with total unrestricted reserves standing at £601k. The trustees confirm the charity is a going concern, supported by a letter of support from its parent company, Depaul UK, through December 2026. The charity does not directly employ staff, relying instead on management charges from its parent entity.
What the accounts disclose
“During the year, the transactions owed to Depaul UK by the Charity consist of £12k (2023:£12k) for management costs, £9k (2023: £3k) for loan interest and £2,606k (2023: £718k) for payments that DPUK paid on behalf of the Charity, including £202k (2023: £424k) for the purchase of the three properties (2023: six) in Middlesbrough and £2,160k towards a property purchase in London.” — page 26
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Anthony Ian Hellawellchair
- Michael Anthony McCall
- Michael Derek Jones
- Urvashi Bhagat
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.1m | £1.0m |
| 31/12/2023 | £858k | £817k |
| 31/12/2022 | £448k | £432k |
| 31/12/2021 | £113k | £115k |
| 31/12/2020 | £499k | £66k |
Common questions
Is DEPAUL HOUSING SERVICES financially healthy?
The accounts state that the charity reported a surplus of £11k for the year ended 31 December 2024, with total unrestricted reserves standing at £601k. The trustees confirm the charity is a going concern, supported by a letter of support from its parent company, Depaul UK, through December 2026. The charity does not directly employ staff, relying instead on management charges from its parent entity. Its FY2024 accounts were audited by Crowe U.K. LLP.