SOLDEN HILL HOUSE LIMITED
Latest income
£3.3m
Latest spending
£3.1m
Registered
1963
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity generated a surplus of £278,357 for the year ended 31 March 2025, driven by increased income from resident fees and rate reviews. Per the trustees' report, unrestricted reserves held in cash and working capital were £386,402, which is below the stated policy target range of £450,000 to £550,000.
What the accounts disclose
Reserves policy: £450,000 - £550,000 (held: £386k)
“This assessment indicates that unrestricted reserves excluding those tied up in property cost shou ld be maintained in the range of £450-550k, as per last year.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Note 24
“During the year signed communication training services were provided to the charity by the wife of R Smith , the General Manager. Transactions were conducted at arm 's length and totalled £1,477 (2024: £1 ,055).” — page 37
Per its FY2025 accounts as filed with the Charity Commission.
Leadership, per the charity’s website
- Richard Smith — Chief Executive Officer
- Sarah Swami — Chief Operating Officer
- Michelle Lewis — Chief Financial Officer
Structured financials (annual return, FY ending 31/03/2025)
Total income
£3.3m
Total spending
£3.1m
Reserves (reported)
£386k
Employees
87
Care Quality Commission ratings
- Flora Innes House: Outstanding
- Solden Hill House: Good
Trustees
- CATHERINE WARDLAW
- Mark Greaves
- Rashpal Kaur Singh
- Tom Espley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.3m | £3.1m |
| 31/03/2024 | £2.9m | £2.5m |
| 31/03/2023 | £2.1m | £1.7m |
| 31/03/2022 | £1.9m | £1.7m |
| 31/03/2021 | £1.7m | £1.6m |
Common questions
Is SOLDEN HILL HOUSE LIMITED financially healthy?
The accounts state that the charity generated a surplus of £278,357 for the year ended 31 March 2025, driven by increased income from resident fees and rate reviews. Per the trustees' report, unrestricted reserves held in cash and working capital were £386,402, which is below the stated policy target range of £450,000 to £550,000. Its FY2025 accounts were audited by Shaw Gibbs (Audit) Limited.