EOTHEN HOMES LIMITED
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net movement in funds of £621,010 for the year ended 31 March 2023, resulting in total unrestricted funds of £12,265,688. The trustees consider the level of free reserves to be adequate to support operations for the foreseeable future, with a stated minimum financial reserve target of £500,000. The charity is in a strong financial position with no debt and adequate resources to continue as a going concern.
What the accounts disclose
Funders the charity credits
- NIHR
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- Eothen Residential Homes - Gosforth: Good
- Eothen Residential Homes - Whitley Bay: Good
- Eothen Residential Homes - Wallsend: Good
Trustees
- IAN DAVID THOMSONchair
- ALEXANDER LINDSAY MCILHINNEY
- Dr Alexander van den Bos
- Dr SAMEH MISHREKI
- LOUISE MARSH
- MAUREEN ERNY
- PROFESSOR ALAN JEFFREY THOMAS
- Richard Rust
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £6.5m | £5.9m |
| 31/03/2024 | £6.0m | £5.4m |
| 31/03/2023 | £5.4m | £4.8m |
| 31/03/2022 | £6.4m | £4.4m |
| 31/03/2021 | £5.4m | £5.2m |
Common questions
Is EOTHEN HOMES LIMITED financially healthy?
The accounts state that the charity reported a net movement in funds of £621,010 for the year ended 31 March 2023, resulting in total unrestricted funds of £12,265,688. The trustees consider the level of free reserves to be adequate to support operations for the foreseeable future, with a stated minimum financial reserve target of £500,000. The charity is in a strong financial position with no debt and adequate resources to continue as a going concern. Its FY2023 accounts were audited by Robson Laidler Accountants Limited.