London Homelessness Foundation
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £14.5m, which the Trustees regard as sufficient to support planned future activities. The charity reports a defined benefit pension scheme deficit of £98,000, which is being addressed through annual deficit contributions. The Trustees note that they are reviewing new projects and grant commitments to maintain reserve levels amid economic pressures.
What the accounts disclose
“It is the policy of the Trustees to spend or distribute all of the annual income subject to maintaining sufficient reserves and investments to enable likely cash flow calls to be met and an increasing annual programme.” — page 12
“Attention is drawn to the remuneration of Ian Brady, the Executive Chair, and Derek Joseph, the Company Secretary and Investment Manager, details of which are included in Note 17 ‘Related Party Transactions’.” — page 24
“He receives remuneration at the rate of £37,500 per annum and receives no other benefits having opted not to join the SHP pension scheme.” — page 25
“During the year Depaul International received grants of £113,015 (2024: £115,000) from LHF of which £100,000 (2024: £100,000) is in respect of continuing projects including a hostel and supporting work in Ukraine.”
“He receives remuneration at the rate of £37,500 per annum and receives no other benefits having opted not to join the SHP pension scheme.” — page 25
“During the year Depaul International received grants of £113,015 (2024: £115,000) from LHF of which £100,000 (2024: £100,000) is in respect of continuing projects including a hostel and supporting work in Ukraine.”
“In compliance with FRS102 a long-term liability of £98,000 (2024: £102,000) has been created to reflect the advice from the Social Housing Pension Scheme (SHPs) of the allocated plan deficit” — page 13
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- CLARE MILLER ACA
- Councillor Eleanor Lesley Stringer
- DEREK JOSEPH
- Eloise Catherine Shepherd
- IAN BRADY
- JOHN RICHARD STEBBING
- Kendra Schneller
- Lydia Lewinson
- NICHOLAS LIONEL HARDWICK
- SIMON DOW
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £781k | £696k |
| 31/03/2024 | £774k | £860k |
| 31/03/2023 | £639k | £655k |
| 31/03/2022 | £663k | £871k |
| 31/03/2021 | £548k | £524k |
Common questions
Is London Homelessness Foundation financially healthy?
The accounts state that the charity holds unrestricted reserves of £14.5m, which the Trustees regard as sufficient to support planned future activities. The charity reports a defined benefit pension scheme deficit of £98,000, which is being addressed through annual deficit contributions. The Trustees note that they are reviewing new projects and grant commitments to maintain reserve levels amid economic pressures. Its FY2025 accounts were audited by Price Bailey LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NATIONWIDE FOUNDATION | 2 | £171k |
| THE ROYAL FOUNDATION OF THE PRINCE AND PRINCESS OF WALES | 1 | £719k |
| WILLIAM ADLINGTON CADBURY CHARITABLE TRUST | 1 | £357k |
| THE FIDELITY UK FOUNDATION | 1 | £305k |
| THE JONGEN CHARITABLE TRUST | 1 | £300k |
| Bird Song Trust | 1 | £94k |
| JOHN LAING CHARITABLE TRUST | 1 | £90k |
| TRUST FOR LONDON | 1 | £71k |