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THE GEORGE EDWARD SMART HOMES

Registered charity 207164 · accounts filings on the Charity Commission register

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Latest income
£2.6m
Latest spending
£2.6m
Registered
1962
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a net outgoing resource of £323,964 for the year, driven by charitable expenditure of £2,215,043 against incoming resources of £1,891,079. However, the inclusion of a £409,792 net gain on investments resulted in an overall increase in funds of £85,828. The trustees report that free reserves of £4,506,321 are considerably above their adopted policy target of one year's charitable expenditure.

What the accounts disclose

Reserves policy: one year's charitable expenditure (held: £4.5m)
“In the absence of any accepted formula for arriving at an appropriate level of free reserves to be held, the Trustees have taken a pragmatic decision to adopt a figure equivalent to one year's charitable expenditure.” — page 7
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: A family member of a trustee is employed by the charity in an administrative role, also acting as clerk to the trustees. This appointment was made in open competition and the trustee was not involved in the decision-making process regarding appointment. The role is paid at an independently commercial level wholly commensurate with the individual's qualification and contribution to the charity and receives no special treatment as a result of the relationship to a trustee.
“A family member of a trustee is employed by the charity in an administrative role, also acting as clerk to the trustees. This appointment was made in open competition and the trustee was not involved in the decision-making process regarding appointment. The role is paid at an independently commercial level wholly commensurate with the individual's qualification and contribution to the charity and receives no special treatment as a result of the relationship to a trustee.” — page 29
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Ashby Berry Coulsons Limited. Discloses 5 of 6 completeness components.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.6m
Total spending
£2.6m
Reserves (reported)
£4.6m
Employees
78

Reported reserves equal ~21.1 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: North Yorkshire

Income and spending

Financial year endIncomeSpending
31/12/2024£2.6m£2.6m
31/12/2023£2.3m£2.2m
31/12/2022£1.9m£2.0m
31/12/2021£1.7m£1.8m
31/12/2020£1.8m£1.8m

Common questions

Is THE GEORGE EDWARD SMART HOMES financially healthy?

The accounts state that the charity reported a net outgoing resource of £323,964 for the year, driven by charitable expenditure of £2,215,043 against incoming resources of £1,891,079. However, the inclusion of a £409,792 net gain on investments resulted in an overall increase in funds of £85,828. The trustees report that free reserves of £4,506,321 are considerably above their adopted policy target of one year's charitable expenditure. Its FY2023 accounts were audited by Ashby Berry Coulsons Limited.