THE HOME OF DEVENISH
Financial health, per its FY2025 accounts
The accounts state that the charity holds total funds of £13,286,024, primarily derived from an expendable endowment fund of £12,840,722. The trustees report that unrestricted free reserves are £nil, but consider the charity to have sufficient resources to continue in operation for the foreseeable future as expenditure broadly equates with income. The independent auditors confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“At 31 March 2025, unrestricted general funds totalled £426,902. After allowing for funds invested in tangible fixed assets of £428,700, there are £nil unrestricted free reserves of the charity but there is sufficient cash held in investments which could be utilised if required. Since expenditure broadly equates with income, the trustees consider this to be sufficient.” — page 5
Trustees
- CAPTAIN JOHN BARTLETT HARVEY ROYAL NAVY
- DIANA MARGARET LUDLOW
- Jonathan Robert Tate
- Rev Alida Janny Whittock
- Simon James Jacobs
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £439k | £349k |
| 31/03/2024 | £420k | £323k |
| 31/03/2023 | £361k | £336k |
| 31/03/2022 | £297k | £305k |
| 31/03/2021 | £280k | £272k |
Common questions
Is THE HOME OF DEVENISH financially healthy?
The accounts state that the charity holds total funds of £13,286,024, primarily derived from an expendable endowment fund of £12,840,722. The trustees report that unrestricted free reserves are £nil, but consider the charity to have sufficient resources to continue in operation for the foreseeable future as expenditure broadly equates with income. The independent auditors confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Edwards and Keeping Limited.