SHERBURN HOUSE CHARITY
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net movement in funds of £715,053 for the year ended 31 March 2024, driven by a surplus from non-housing activities and investment gains. Per the trustees' report, unrestricted funds totalled £2,737,749, which is significantly above the agreed reserve policy target of £500,000. The trustees confirmed that the charity has adequate resources to continue operating as a going concern for at least the next twelve months.
What the accounts disclose
“A reserve of £500,000 has been agreed as being an appropriate level.” — page 7
“During the year the minibus owned by the Charity was sold to MrJeffery Paul Breen, a Trustee of the Charity for £10,500. The net book value of the asset was £1, and the sale value was in line with it's market value.” — page 29
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Adrian Mark Timothy Massey
- George Adair
- Gillian Marshall
- Hayley Quinn
- Jeffery Paul Breen
- Joseph Wilkinson
- Laura Devaney
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £4.0m | £3.5m |
| 31/03/2024 | £3.8m | £3.6m |
| 31/03/2023 | £3.7m | £3.1m |
| 31/03/2022 | £1.5m | £1.5m |
| 31/03/2021 | £0 | £0 |
Common questions
Is SHERBURN HOUSE CHARITY financially healthy?
The accounts state that the charity reported a net movement in funds of £715,053 for the year ended 31 March 2024, driven by a surplus from non-housing activities and investment gains. Per the trustees' report, unrestricted funds totalled £2,737,749, which is significantly above the agreed reserve policy target of £500,000. The trustees confirmed that the charity has adequate resources to continue operating as a going concern for at least the next twelve months. Its FY2024 accounts were audited by Azets Audit Services.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CHARLES SKEY CHARITABLE TRUST | 1 | £50k |
| THE FRANCIS WINHAM FOUNDATION | 1 | £21k |
| COVENTRY CHURCH (MUNICIPAL) CHARITIES | 1 | £14k |
| THE WILLIAM DELAFIELD CHARITABLE TRUST | 1 | £10k |
| THE LESLIE MARY CARTER CHARITABLE TRUST | 1 | £5k |
| ANSON CHARITABLE TRUST | 1 | £2k |
| LILIAN FRANCES HIND BEQUEST (TRUSTEES OF LADY HIND) | 1 | £1k |
| CORDWAINERS CHARITABLE TRUST | 1 | £200 |