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CLEAVES CHARITY AND OTHERS

Registered charity 206414 · accounts filings on the Charity Commission register

Maintaining housing for poor and needy

Causes: The Prevention Or Relief Of Poverty · Accommodation/housing · Get email alerts

Latest income
£70k
Latest spending
£464k
Registered
1962
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity's unrestricted reserves were £48,924, which the trustees consider sufficient to meet their stated policy target of maintaining approximately £50,000. The charity reported a net payment surplus of £394,217 for the year, resulting in cash reserves of £140,017, and the trustees confirmed adequate resources to continue operations for the foreseeable future.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: none
“The principal funding source is Weekly Maintenance contributions from the residents.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £49k; policy: approximately £50,000)
“The trustees are content that the free reserve of £48,924 at 31 December 2024 is sufficient at meeting this target.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Mr O Sonko, husband of Trustee Mrs A Sonko, was paid as an employee.
“During the year, Mr O Sonko (the husband of Mrs A Sonko, Trustee) was paid as an employee of the charity. Mr Sonko received remuneration totalling £1,252 for the year.” — page 12
“Donations of £850 were received from each of Bond's Educational Trust and Lady Mary Townshend's Charity, to be used towards the cost of salaries. All of the trustees are also trustees of these two charities.” — page 12
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations received from Bond's Educational Trust and Lady Mary Townshend's Charity, where all trustees are also trustees.
“During the year, Mr O Sonko (the husband of Mrs A Sonko, Trustee) was paid as an employee of the charity. Mr Sonko received remuneration totalling £1,252 for the year.” — page 12
“Donations of £850 were received from each of Bond's Educational Trust and Lady Mary Townshend's Charity, to be used towards the cost of salaries. All of the trustees are also trustees of these two charities.” — page 12
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Norfolk

Income and spending

Financial year endIncomeSpending
31/12/2024£70k£464k
31/12/2023£74k£42k
31/12/2022£58k£33k
31/12/2021£57k£20k
31/12/2020£75k£28k

Common questions

Is CLEAVES CHARITY AND OTHERS financially healthy?

Per its FY2024 accounts: The accounts state that the charity's unrestricted reserves were £48,924, which the trustees consider sufficient to meet their stated policy target of maintaining approximately £50,000. The charity reported a net payment surplus of £394,217 for the year, resulting in cash reserves of £140,017, and the trustees confirmed adequate resources to continue operations for the foreseeable future. Its FY2024 accounts were independently examined.