HONITON 55 + CIO
provision of day care centre facilities to elderly people including hot meals and general social benefit to the elderl of Honiton and surrounding districts
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a deficit of £6,990 for the year ended 31 March 2025, resulting in unrestricted reserves of £124,638. The trustees report that the charity maintained a stable financial situation and did not incur substantial unplanned expenditure. Reserves are held at £124,638, which is significantly above the stated policy target of £25,000.
What the accounts disclose
“To do this a sum of £25,000 (2024: £25,000) is set aside for reserves.” — page 6
Trustees
- Carol Ann Gilson
- Derek Smith
- Heather Anne Penwarden
- Jean Margaret Richardson
- NEIL HURLOCK
- TERRY DARRANT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £142k | £149k |
| 31/03/2024 | £136k | £129k |
| 31/03/2023 | £130k | £124k |
| 31/03/2022 | £127k | £95k |
| 31/03/2021 | £143k | £78k |
Common questions
Is HONITON 55 + CIO financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a deficit of £6,990 for the year ended 31 March 2025, resulting in unrestricted reserves of £124,638. The trustees report that the charity maintained a stable financial situation and did not incur substantial unplanned expenditure. Reserves are held at £124,638, which is significantly above the stated policy target of £25,000. Its FY2025 accounts were independently examined.