HOUSE OF INDUSTRY ESTATE
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £61,950 for the year ended 31 March 2024, resulting in total unrestricted and restricted funds of £5,447,262. The trustees note that the level of risk regarding reserves is considered very low because the charity does not directly employ staff and its activities are exclusively the awarding of grants.
What the accounts disclose
“The Trustees at the meeting of 13 June 2023 agreed as part of the process of setting the annual budget to continue the existing practice of releasing £91,200 from the grant reserve to supplement the funds available for the award of grants.” — page 7
“Bedford and District Citizens Advice Bureau Limited, to whom a grant of £66,134 was made in 2023/24.” — page 28
Register events
- Received assets from another charity (14/04/2018)
Trustees
- Councillor Henry Vannchair
- Councillor Andrea Spice
- Councillor Ben Foley
- Councillor Dylan Simmons
- Councillor Hilde Hendrickx
- Councillor Sue Oliver
- Councillor Zara Layne
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £276k | £265k |
| 31/03/2024 | £269k | £207k |
| 31/03/2023 | £249k | £340k |
| 31/03/2022 | £251k | £358k |
| 31/03/2021 | £228k | £287k |
Common questions
Is HOUSE OF INDUSTRY ESTATE financially healthy?
The accounts state that the charity reported a surplus of £61,950 for the year ended 31 March 2024, resulting in total unrestricted and restricted funds of £5,447,262. The trustees note that the level of risk regarding reserves is considered very low because the charity does not directly employ staff and its activities are exclusively the awarding of grants. Its FY2024 accounts were audited by Ellacotts Audit Services Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEDFORDSHIRE CHARITABLE TRUST LIMITED | 1 | £22k |
| THE HOSPITAL OF ST JOHN THE BAPTIST | 1 | £8k |
| THE HARPUR TRUST | 1 | £2k |
| Moto Foundation | 1 | £412 |