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SUTTON AND CHEAM ELDERLY PEOPLE'S HOUSING ASSOCIATION

Registered charity 218435 · accounts filings on the Charity Commission register · also known as EVERSFIELD HOUSE

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Latest income
£1.3m
Latest spending
£1.3m
Registered
1963
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net decrease in funds of £1,676 for the year ended 31 December 2024, driven by a deficit on charitable activities that was partially offset by investment gains. The trustees consider the level of reserves held to be sufficient to cover support and governance costs and any reasonable shortfall in forecast income. The charity maintains high occupancy levels and has restored its CQC rating to 'Good'.

What the accounts disclose

Reserves policy: sufficient to cover support and governance costs and any reasonable shortfall in forecast income or increase in expected costs for a significant period (held: £2.1m)
“The management committee regularly reviews the level of reserves held by the Association and continues to believe that the levels of reserves held are sufficient but not excessive, which the trustees consider sufficient to be able to cover support and governance costs. The reserves are enough to cover any reasonable shortfall in forecast income or increase in expected costs for a significant period, thus enabling the Charity to take the necessary measures to underpin the finances.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: R. M. Duckworth, Chairman of the trustees, was billed for a respite stay at the standard rate of £506 (2023: £nil). There were no other transactions with any related parties in the year.
“R. M. Duckworth, Chairman of the trustees, was billed for a respite stay at the standard rate of £506 (2023: £nil). There were no other transactions with any related parties in the year.” — page 21
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Xeinadin Audit Limited. Discloses 5 of 6 completeness components.

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

Total income
£1.3m
Total spending
£1.3m
Reserves (reported)
£54k
Employees
42

Reported reserves equal ~0.5 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Care Quality Commission ratings

CQC inspection ratings for services run by a provider matching this charity’s name (matched by name; verify provider identity on CQC’s site).

Trustees

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

Operates in: Surrey · Sutton

Income and spending

Financial year endIncomeSpending
31/12/2024£1.3m£1.3m
31/12/2023£1.1m£1.2m
31/12/2022£887k£956k
31/12/2021£908k£954k
31/12/2020£917k£873k

Common questions

Is SUTTON AND CHEAM ELDERLY PEOPLE'S HOUSING ASSOCIATION financially healthy?

The accounts state that the charity reported a net decrease in funds of £1,676 for the year ended 31 December 2024, driven by a deficit on charitable activities that was partially offset by investment gains. The trustees consider the level of reserves held to be sufficient to cover support and governance costs and any reasonable shortfall in forecast income. The charity maintains high occupancy levels and has restored its CQC rating to 'Good'. Its FY2024 accounts were audited by Xeinadin Audit Limited.