HOPE INTO ACTION: FOXHILL
CIO will provide transitional housing to the homeless in the Foxhill area of Bath, for up to 2 years, along with coaching and support designed to enable the tenants to become self-sufficient. Eligible Tenants will be referred by Bath and North East Somerset (BANES) Local Authority.
Financial health, per its FY2025 accounts
The accounts state that the charity held unrestricted reserves of £51,803 at year-end, which the Trustees consider above their stated minimum comfortable level of £10,000. The charity reported total income of £73,425 and total expenditure of £46,897 for the period, resulting in a net surplus. The Trustees confirmed there are no uncertainties about the charity continuing as a going concern.
What the accounts disclose
“Rent / Housing Benefit 37,365”
“The Trustees believe a minimum comfortable Reserves level at this stage is £10,000; so are satisfied with this position. 3 strands of Reserves: 1. Routine: Each House will incur costs of appx £600 of expense each month, and income from Tenants is not guaranteed, so we want to have reserves to operate minimum 3-6 months without income.”
Trustees
- ROBERT PETER CLAYchair
- John Ferguson Candish
- Keith Reynolds
- Susan Elizabeth Dewes
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £73k | £47k |
| 31/12/2024 | £38k | £27k |
| 31/12/2023 | £31k | £30k |
| 31/12/2022 | £16k | £4k |
Common questions
Is HOPE INTO ACTION: FOXHILL financially healthy?
Per its FY2025 accounts: The accounts state that the charity held unrestricted reserves of £51,803 at year-end, which the Trustees consider above their stated minimum comfortable level of £10,000. The charity reported total income of £73,425 and total expenditure of £46,897 for the period, resulting in a net surplus. The Trustees confirmed there are no uncertainties about the charity continuing as a going concern.