THE FAITH HOPE & ENTERPRISE COMPANY LTD
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of £545,986 for the year, driven by a significant increase in donations and legacies. Total unrestricted general funds stood at £398,470, which the trustees confirm adheres to their policy of holding reserves equivalent to four months of running costs. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“We aim to hold unrestricted reserves equivalent to four months running costs” — page 7
“During the year, the charity made payments of £18,720 (2024: £18,000) to Nicholas Gregory (Trustee) and his wife for rentals of two properties which were used for housing residents.” — page 30
“During the year, the charity made payments of £10,800 (2024: £10,800) to Oakwood Lettings Limited, a company in which Dominic Palterman (Trustee) is a majority shareholder, for rentals of a property which was used for housing residents.” — page 30
“During the year, the charity made payments of £18,720 (2024: £18,000) to Nicholas Gregory (Trustee) and his wife for rentals of two properties which were used for housing residents.” — page 30
“During the year, the charity made payments of £10,800 (2024: £10,800) to Oakwood Lettings Limited, a company in which Dominic Palterman (Trustee) is a majority shareholder, for rentals of a property which was used for housing residents.” — page 30
“During the year, the charity made payments of £18,720 (2024: £18,000) to Nicholas Gregory (Trustee) and his wife for rentals of two properties which were used for housing residents.” — page 30
“During the year, the charity made payments of £10,800 (2024: £10,800) to Oakwood Lettings Limited, a company in which Dominic Palterman (Trustee) is a majority shareholder, for rentals of a property which was used for housing residents.” — page 30
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Dominic Palterman
- Dr Andrew Norman Rimell
- Joseph Robert Gallimore
- Matthew Washington Richards
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.2m | £674k |
| 31/03/2024 | £757k | £618k |
| 31/03/2023 | £516k | £525k |
| 31/03/2022 | £654k | £454k |
| 31/03/2021 | £440k | £423k |
Common questions
Is THE FAITH HOPE & ENTERPRISE COMPANY LTD financially healthy?
The accounts state that the charity reported a surplus of £545,986 for the year, driven by a significant increase in donations and legacies. Total unrestricted general funds stood at £398,470, which the trustees confirm adheres to their policy of holding reserves equivalent to four months of running costs. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Sibbalds Limited.