BETHANY HOMESTEAD
Provision of Care Home and Sheltered Accommodation for sick or elderly persons.
Financial health, per its FY2024 accounts
The charity reported a deficit on unrestricted funds of £358,126 for the year ended 31 January 2024, primarily due to exceptional consultancy costs exceeding £200,000. Despite this, total funds stood at £4,062,509, with unrestricted reserves of £459,544 regarded by trustees as acceptable against contingencies. The trustees consider there is no major threat to going concern status, although cash reserves were severely depleted and require rebuilding through improved occupancy.
What the accounts disclose
“One employee (2023: none) received total employee benefits (including Pay In Lieu of Notice and Compensation payment, but excluding employer pension costs) of more than £60,000, falling into the band £90,000 - £99,999.” — page 20
“One employee (2023: none) received total employee benefits (including Pay In Lieu of Notice and Compensation payment, but excluding employer pension costs) of more than £60,000, falling into the band £90,000 - £99,999.” — page 20
“General Reserves total £459,544 and are regarded by the Trustees as an acceptable reserve against contingencies.” — page 5
“Donations received directly from trustees during the year totalled £ nil (2023 - £nil). Donations from trustees as part of general fund-raising or donations organised through supporting churches cannot be separately identified.” — page 23
Year-over-year changes
- Employees paid over £60,000: 0 (FY2023) → 1 (FY2024).
- Going concern: going-concern doubt noted (FY2023) → no going-concern doubt (FY2024).
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/01/2024)
Register events
- Received assets from another charity (25/04/2019)
Trustees
- Linda Preen
- MR M P BUCKBY
- MR V W GRIFFITHS
- MRS J E STAPLETON
- MRS J H WIGGINS
- Martin Smith
- Raymond Lambert
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | — | — |
| 31/01/2024 | £2.0m | £2.3m |
| 31/01/2023 | £1.9m | £1.8m |
| 31/01/2022 | £1.7m | £1.7m |
| 31/01/2021 | £1.6m | £1.6m |
Common questions
Is BETHANY HOMESTEAD financially healthy?
Per its FY2024 accounts: The charity reported a deficit on unrestricted funds of £358,126 for the year ended 31 January 2024, primarily due to exceptional consultancy costs exceeding £200,000. Despite this, total funds stood at £4,062,509, with unrestricted reserves of £459,544 regarded by trustees as acceptable against contingencies. The trustees consider there is no major threat to going concern status, although cash reserves were severely depleted and require rebuilding through improved occupancy. Its FY2024 accounts were audited by Shaw Gibbs (Audit) Limited.
What does the highest-paid employee of BETHANY HOMESTEAD earn?
Per its FY2024 accounts, the highest-paid employee was in the £90,000 - £99,999 band, and 1 employees earned over £60,000.
Charities like this
- BETHANY CARE TRUST
- PRESTON BETHANY CARE
- BETHSHAN SHELTERED HOUSING ASSOCIATION
- BAXENDALE CARE HOME
- EOTHEN HOMES LIMITED
- THE ABBEYFIELD SANDERSTEAD SOCIETY LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| BETHANY HOMESTEAD | £2.0m | £90,000 - £99,999 | 1 | within | — | no doubt |
| BETHANY CARE TRUST | £1.5m | — | — | unclear | — | no doubt |
| PRESTON BETHANY CARE | £1.2m | — | 0 | above | — | no doubt |
| BETHSHAN SHELTERED HOUSING ASSOCIATION | £2.7m | — | 0 | below | — | material uncertainty |
| BAXENDALE CARE HOME | £2.7m | more than £60,000 | 1 | within | — | no doubt |
| EOTHEN HOMES LIMITED | £6.5m | — | — | unclear | — | no doubt |