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PATHWAYS TO INDEPENDENCE LTD

Registered charity 292579 · accounts filings on the Charity Commission register · also known as HOMELESS AND OFFENDER PROJECTS AND ENTERPRISES LIMITED, HOPE, HOPE (KENT) LIMITED

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Latest income
£2.3m
Latest spending
£2.3m
Registered
1985
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity achieved an operating surplus of £36,000, resulting in unrestricted free reserves of £1,913,000, which significantly exceeds the trustees' stated policy target of approximately £150,000. The trustees confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern, citing healthy cash flows and profitability despite a challenging economic environment.

What the accounts disclose

Reserves policy: approximately £150k (held: £1.9m)
“The trustees agreed that the free reserves target should be approximately £150k, the same level as last year. The charity needs to maintain sufficient funds to cover any potential loss in contract income and short-term cash flow, to have approximately three months of expenditure available at all times, and to cover costs if the charity winds up.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Central office functions provided by parent charity Social Interest Group
“SIG Pathways was charged £621,158 for central office functions provided by the parent charity Social Interest Group (2024: £438,822).” — page 28
“£85,980 was owed to SIG at the yearend (2024: owed £41,170). £215,228 was owed to Penrose Options at the yearend (2024: owed £31,285). £58,216 was owed to Safe Ground at the yearend (2024: owed £nil). £1,803 was owed to Equinox at the yearend (2024: owed £nil).” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Amounts owed to fellow subsidiaries (SIG, Penrose Options, Safe Ground, Equinox)
“SIG Pathways was charged £621,158 for central office functions provided by the parent charity Social Interest Group (2024: £438,822).” — page 28
“£85,980 was owed to SIG at the yearend (2024: owed £41,170). £215,228 was owed to Penrose Options at the yearend (2024: owed £31,285). £58,216 was owed to Safe Ground at the yearend (2024: owed £nil). £1,803 was owed to Equinox at the yearend (2024: owed £nil).” — page 28
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Buzzacott Audit LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£2.3m
Total spending
£2.3m
Reserves (reported)
£1.9m
Employees
17

Reported reserves equal ~10.1 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

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Trustees

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

Operates in: Kent · Medway

Income and spending

Financial year endIncomeSpending
31/03/2025£2.3m£2.3m
31/03/2024£2.1m£2.0m
31/03/2023£1.9m£1.9m
31/03/2022£1.7m£1.7m
31/03/2021£1.7m£1.7m

Common questions

Is PATHWAYS TO INDEPENDENCE LTD financially healthy?

The accounts state that the charity achieved an operating surplus of £36,000, resulting in unrestricted free reserves of £1,913,000, which significantly exceeds the trustees' stated policy target of approximately £150,000. The trustees confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern, citing healthy cash flows and profitability despite a challenging economic environment. Its FY2025 accounts were audited by Buzzacott Audit LLP.