HYELM
Financial health, per its FY2024 accounts
The accounts state that the charity reported a significant deficit of £11,582,892 for the year ended 30 September 2024, primarily driven by a £14.95m write-down of the Colindale site due to market forces. Despite this, the trustees confirm the organization has adequate resources to continue in operational existence for at least twelve months, with unrestricted reserves totaling £12,451,511 at the reporting date.
What the accounts disclose
“No members of staff were paid more than £60,000 in the current or previous year other than the Chief Executive (as disclosed above) and the Director of Finance.” — page 31
“No members of staff were paid more than £60,000 in the current or previous year other than the Chief Executive (as disclosed above) and the Director of Finance.” — page 31
“A free reserve balance equivalent to 3 months operational expenditure will be maintained to manage the day-to-day fluctuations in cash flow and operational risks.”
“Arthur West House limited is a wholly owned subsidiary of Hyelm, a charitable company registered in England and Wales. Hyelm is considered to be the ultimate controlling party. The sum of £109,029 excluding VAT (2023: £109,587 ) was due to Arthur West House Limited at the end of the financial year in respect of development services provided during the year. The sum of £16,464 (2023 £34,297) was due from Arthur West House Limited in relation to services provided by HYELM to Arthur West House Limited.” — page 24
“Arthur West House Limited is a wholly owned subsidiary of Hyelm, the company having been incorporated on 16 July 2015. The principal activity of the company is to carry out development activities on behalf of The Hyelm Group.” — page 24
Leadership, per the charity’s website
- Debra Ives — Chief Executive
Structured financials (annual return, FY ending 30/09/2025)
Trustees
- Vanessa Jameschair
- Andrew Brainin
- David Capel
- Febechi Chukwu
- Isla Katherine Haigh
- Jayesh Doshi
- Jon Clowes
- Liliana Asselle Shanbhag
- Rhiannon Meredith
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £1.9m | £2.8m |
| 30/09/2024 | £2.0m | £3.1m |
| 30/09/2023 | £1.9m | £3.1m |
| 30/09/2022 | £4.8m | £4.7m |
| 30/09/2021 | £1.3m | £2.1m |
Common questions
Is HYELM financially healthy?
The accounts state that the charity reported a significant deficit of £11,582,892 for the year ended 30 September 2024, primarily driven by a £14.95m write-down of the Colindale site due to market forces. Despite this, the trustees confirm the organization has adequate resources to continue in operational existence for at least twelve months, with unrestricted reserves totaling £12,451,511 at the reporting date. Its FY2024 accounts were audited by Moore Kingston Smith LLP.
What does the highest-paid employee of HYELM earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 2 employees earned over £60,000.