North Devon Homes

Registered charity 1164142 · accounts filings on the Charity Commission register · also known as NORTH DEVON HOMES LIMITED

Provision and management of housing and social housing. Providing assistance to help house people and associated facilities and amenities or services for poor people; or for the relief of aged, disabled (whether physically or mentally) or chronically sick people.

Causes: General Charitable Purposes · The Advancement Of Health Or Saving Of Lives · Disability · The Prevention Or Relief Of Poverty · Accommodation/housing · Economic/community Development/employment · website · Get email alerts

Latest income
£26.4m
Latest spending
£26.3m
Registered
2015
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the Group reported a surplus after tax of £235k for the year ended 31 March 2025, reversing a loss in the prior year. Per the trustees' report, the Board confirmed compliance with the Regulator of Social Housing's Governance and Financial Viability Standard and maintained a going concern basis due to adequate resources and covenant compliance.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Payments to trustees: Non-Executive Directors received remuneration. Total: £61,401 (2025).
“The remuneration of the Chief Executive, Director of Neighbourhoods and Finance Director is determined by the Board with the aid of external professional advice. The Board members (who are also Trustees) are remunerated for their services. Details are set out in note 7 to the Financial Statements.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Group's investment represents a 33% shareholding and capital contribution. The Group's share of net assets at 31 March 2025 was £145k (2024: £122k) and share of profits for the year was £23k (2024: £19k).
“During the year one Executive Officer was a Board member of Advantage South West (“ASW”) in which the Association has a 33% shareholding. The Group's share of ASW's operating surplus in the year was £23k (2024: £19k). The Association paid membership fees to ASW of £15k (2024: £15k) and there were no amounts owed to ASW at 31 March 2025 (2024: Enil). The Association has an investment of £2,300k (2024: £2,300k} in the share capital of its non-regulated subsidiary Anchorwood Limited and nil owed (2024: £100k) in respect of inter- company loans. Anchorwood's main business is the design and build of open market sale homes. As at 315! March 2025 there was a short-term debtor balance of £74k (2024: £213k) and a long-term creditor balance of £143k (2024: £243k). A service level agreement with Anchorwood provides income for the Association, £88k (2024: £111k}. The Association also received £10k in interest from Anchorwood in respect of the inter-company loan (2024: £25k). All transactions are at arm’s-length and have been removed under consolidation.” — page 71
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Anchorwood Limited
“The Group includes the following subsidiary, which is registered in England: Name Incorporation and Regulated/non- Nature of business ownership regulated Anchorwood Limited Company 100% Non-regulated Property Westacott Road development Barnstaple Devon EX32 8TA” — page 63
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Bishop Fleming. Discloses 3 of 6 completeness components.

Inspection and regulatory ratings

Matched to this charity by name; verify provider identity on the regulator’s site.

Corporate structure

ANCHORWOOD LIMITED — per its own Companies House accounts
  • Turnover: £3.1m
  • Profit before tax: £79k

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Property (HM Land Registry)

312 registered titles in England and Wales held by the charity’s company or corporate body (306 freehold); recorded price paid £10.1m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£26.4m
Total spending
£26.3m
Reserves (reported)
£63.3m
Employees
163

Reported reserves equal ~28.9 months of spending — in the top quarter for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Charitable activities (77% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (3.8%) (benchmarks).

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Devon

Income and spending

Financial year endIncomeSpending
31/03/2025£26.4m£26.3m
31/03/2024£24.1m£24.8m
31/03/2023£24.3m£24.0m
31/03/2022£21.5m£20.8m
31/03/2021£22.3m£20.6m

Common questions

Is North Devon Homes financially healthy?

Per its FY2025 accounts: The accounts state that the Group reported a surplus after tax of £235k for the year ended 31 March 2025, reversing a loss in the prior year. Per the trustees' report, the Board confirmed compliance with the Regulator of Social Housing's Governance and Financial Viability Standard and maintained a going concern basis due to adequate resources and covenant compliance. Its FY2025 accounts were audited by Bishop Fleming.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund22/02/2019£3kForches Community Cafe
The National Lottery Community Fund16/11/2016£10kAll Stars

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with CALICO HOMES LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
North Devon Homes£26.4m——unclear—no doubt
CALICO HOMES LIMITED FY2025£35.2m——unclear—no doubt
THRIVE SOCIAL HOUSING FY2026£13.0m——above—no doubt
North East Housing Association Limited FY2026£1.7m—0above—no doubt
The Alongside Charity FY2025£11.2mover £60,0002within—no doubt
RIVERSIDE ESTUARY LIMITED FY2025£5.6m—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.