BRADFORD FLOWER HOMES DEVELOPMENT LIMITED
The relief of retired people by the provision of homes and dwellings
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £25,942 for the year ended 31 March 2025, with unrestricted reserves increasing to £17,713. However, the charity holds no free cash reserves, as net current liabilities of £631,259 are driven by significant deferred income liabilities of £2.1 million due after more than one year. The trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“Turnover represents rental and service charges income receivable in the year net of rent and service charge losses from voids, revenue grants from the government (local authorities) and the Homes England.” — page 18
“The trustees consider that the ideal level of reserves as at 31 March 2025 for the group would be £150,000.”
“Management charges totalling £8,696 (2024: £8,696) were paid to Bradford Flower Fund Homes in the period. At the balance sheet date the amount due to Bradford Flower Fund Homes was £681,464 (2024: £1,406,253).” — page 24
“The BFHD Board do not currently have a separate internal audit committee. The Board oversee internal audit requirements and considers itself to be a small organisation with no staff.” — page 8
Corporate structure
- Registered company of the charity Companies House 12590273
Company officers (Companies House)
- JORDAN, Stephen on trustee list
- HOOPER, Paul on trustee list
- RHODES, Stephen on trustee list
- THORNTON, Stephen Russell on trustee list
- WHITLEY, Ian Frank on trustee list
Property (HM Land Registry)
Trustees
- IAN WHITLEY
- Paul Hooper
- Stephen Jordan
- Stephen Rhodes
- Stephen Russell Thornton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £61k | £38k |
| 31/03/2024 | £56k | £40k |
| 31/03/2023 | £51k | £49k |
| 31/03/2022 | £51k | £44k |
Common questions
Is BRADFORD FLOWER HOMES DEVELOPMENT LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £25,942 for the year ended 31 March 2025, with unrestricted reserves increasing to £17,713. However, the charity holds no free cash reserves, as net current liabilities of £631,259 are driven by significant deferred income liabilities of £2.1 million due after more than one year. The trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were independently examined.