INDEPENDENT LIVING ALTERNATIVES
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net income of £63,902 for the year ended 31 March 2024, resulting in unrestricted reserves of £300,344. The trustees consider the current financial position satisfactory and note that sufficient funds are available to meet legal and financial obligations. The charity operates as a self-financed social enterprise with a reserves policy aiming to hold six months' administration salaries and operating costs.
What the accounts disclose
“Independent Living Alternatives aims to hold in reserve the equivalent of six months' administration salaries and operating costs.” — page 4
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- Independent Living Alternatives: Requires improvement
Trustees
- MICHELLE DALEYchair
- Anna Hope Landre
- GABRIEL PEPPER
- Penelope Pepper
- SIMON BERKELEY WALLS
- Sandip Vinod Sodha
- Simon Ford
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.8m | £1.7m |
| 31/03/2024 | £1.5m | £1.4m |
| 31/03/2023 | £1.3m | £1.3m |
| 31/03/2022 | £1.1m | £1.1m |
| 31/03/2021 | £1.2m | £1.2m |
Common questions
Is INDEPENDENT LIVING ALTERNATIVES financially healthy?
The accounts state that the charity generated a net income of £63,902 for the year ended 31 March 2024, resulting in unrestricted reserves of £300,344. The trustees consider the current financial position satisfactory and note that sufficient funds are available to meet legal and financial obligations. The charity operates as a self-financed social enterprise with a reserves policy aiming to hold six months' administration salaries and operating costs. Its FY2024 accounts were audited by Macalvins Limited.