Charity Accounts Intelreading the accounts so you don’t have to

JUBILEE HOUSE CARE TRUST LTD

Registered charity 298074 · accounts filings on the Charity Commission register · also known as THE JUBILEE HOUSE CARE TRUST LIMITED

Get email alerts for this charity

Latest income
£3.8m
Latest spending
£3.8m
Registered
1987
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit of £131,464 for the year ended 31 March 2024, driven by increased staff costs and inflationary pressures that outpaced income growth. Despite the deficit, the charity maintains a strong cash position of £995,848 and total unrestricted reserves of £1,922,290, which the trustees consider sufficient to continue operations for at least 12 months.

What the accounts disclose

Reserves policy: six months of average spending of the two largest contracts (held: £1.9m)
“A full breakdown of the reserves is shown in Note 18 Statement of Funds on page 33, and this shows that out of total reserves of £1,937,098 designated reserves now total £2,015,173. Of this £350,000 has been set aside for Business Contingency, representing around 76% of the average spending of our two largest contracts for six months, which would provide sufficient funds to ensure the continuation of the business if these contracts were lost.” — page 9
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Purchases with Corsolv Limited, a company controlled by the CEO.
“During the year, the charitable company made purchases of £24,983 (2023: £10,452) with Corsolv Limited, a company controlled by the charitable company's CEO.” — page 36
“At the balance sheet date, the charitable company owed The Jubilee House Property Services Limited, a company in which 4 Trustees hold Directorships, an amount of £Nil (2023: £2,085).” — page 36
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Owed to The Jubilee House Property Services Limited, where 4 Trustees hold Directorships.
“During the year, the charitable company made purchases of £24,983 (2023: £10,452) with Corsolv Limited, a company controlled by the charitable company's CEO.” — page 36
“At the balance sheet date, the charitable company owed The Jubilee House Property Services Limited, a company in which 4 Trustees hold Directorships, an amount of £Nil (2023: £2,085).” — page 36
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Hillier Hopkins LLP. Discloses 4 of 6 completeness components.

Public fundraising profile: JustGiving — Jubilee House Care Trust (matched by registered charity number).

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

Total income
£3.8m
Total spending
£3.8m
Cost of raising funds
£16k
Reserves (reported)
£229k
Employees
122

Reported reserves equal ~0.7 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Care Quality Commission ratings

CQC inspection ratings for services run by a provider matching this charity’s name (matched by name; verify provider identity on CQC’s site).

Trustees

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

Operates in: Enfield · Essex · Hertfordshire

Income and spending

Financial year endIncomeSpending
31/03/2025£3.8m£3.8m
31/03/2024£3.8m£4.0m
31/03/2023£3.4m£3.6m
31/03/2022£2.8m£2.7m
31/03/2021£2.6m£2.5m

Common questions

Is JUBILEE HOUSE CARE TRUST LTD financially healthy?

The accounts state that the charity reported a net deficit of £131,464 for the year ended 31 March 2024, driven by increased staff costs and inflationary pressures that outpaced income growth. Despite the deficit, the charity maintains a strong cash position of £995,848 and total unrestricted reserves of £1,922,290, which the trustees consider sufficient to continue operations for at least 12 months. Its FY2024 accounts were audited by Hillier Hopkins LLP.