BIRCH HOUSING LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with unrestricted reserves in deficit at £849,342, a significant deterioration from the previous year's surplus. The trustees acknowledge this negative position is not in line with their reserves policy and cite a material uncertainty regarding the charity's ability to continue as a going concern due to net current liabilities of £851,985. Despite these financial pressures, the trustees maintain that the charity can continue operational existence for the foreseeable future based on cash flow forecasts.
What the accounts disclose
“The Trustees recognise that the current negative reserves position is not in line with the charity’s reserves policy.” — page 6
“However at the year end, the charity had net current liabilities of £(851,985) and there remain plausible scenarios in which income from their housing portfolio, including the securing of new business, may not be sufficient to mitigate ongoing economic pressures. These circumstances represent a material uncertainty which may cast significant doubt upon the charity’s ability to continue as a going concern.” — page 6
“A total of £37,664 was paid to Kevin Dhami, a member of key management personnel during the year, for consultancy services.” — page 29
“A total of £78,000 was paid to Beacon Financial Consultancy Limited, a company where Surjit Khiara, a key management personnel member during the year, is a director.” — page 29
“A total of £37,664 was paid to Kevin Dhami, a member of key management personnel during the year, for consultancy services.” — page 29
“A total of £78,000 was paid to Beacon Financial Consultancy Limited, a company where Surjit Khiara, a key management personnel member during the year, is a director.” — page 29
“A total of £37,664 was paid to Kevin Dhami, a member of key management personnel during the year, for consultancy services.” — page 29
“A total of £78,000 was paid to Beacon Financial Consultancy Limited, a company where Surjit Khiara, a key management personnel member during the year, is a director.” — page 29
“A total of £37,664 was paid to Kevin Dhami, a member of key management personnel during the year, for consultancy services.” — page 29
“A total of £78,000 was paid to Beacon Financial Consultancy Limited, a company where Surjit Khiara, a key management personnel member during the year, is a director.” — page 29
“A total of £37,664 was paid to Kevin Dhami, a member of key management personnel during the year, for consultancy services.” — page 29
“A total of £78,000 was paid to Beacon Financial Consultancy Limited, a company where Surjit Khiara, a key management personnel member during the year, is a director.” — page 29
Structured financials (annual return, FY ending 31/05/2024)
Trustees
- Dominic John Lake
- JOHN CHRISTOPHER NICHOLAS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | — | — |
| 31/05/2024 | £1.8m | £2.9m |
| 31/05/2023 | £5.5m | £5.3m |
| 31/05/2022 | £7.0m | £7.0m |
| 31/05/2021 | £934k | £862k |
Common questions
Is BIRCH HOUSING LIMITED financially healthy?
The accounts state that the charity ended the year with unrestricted reserves in deficit at £849,342, a significant deterioration from the previous year's surplus. The trustees acknowledge this negative position is not in line with their reserves policy and cite a material uncertainty regarding the charity's ability to continue as a going concern due to net current liabilities of £851,985. Despite these financial pressures, the trustees maintain that the charity can continue operational existence for the foreseeable future based on cash flow forecasts. Its FY2024 accounts were audited by Nyman Libson Paul LLP.