What is the financial size of Hopeworks UK (Bedford)?

Hopeworks UK (Bedford) is classified as a large charity. In the latest financial year, they reported a total income of £2,550,083 and total expenditure of £2,235,977.

How does Hopeworks UK (Bedford) allocate its spending?

For every pound spent, approximately 94.4% goes directly to charitable activities. The remaining 5.6% is spent on raising funds and administration. This is lower than the median for similar-sized charities (97.8%).

What is the workforce structure of Hopeworks UK (Bedford)?

Hopeworks UK (Bedford) employs 47 staff members and is supported by 171 volunteers.

Does Hopeworks UK (Bedford) receive government funding?

Yes. Approximately 59.9% of their income comes from government grants or contracts.

Does Hopeworks UK (Bedford) pay its trustees?

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

← Back to search

Hopeworks UK (Bedford)

#1139956

Charitable company•Large•Registered

www.hopeworksuk.org

Hopeworks is a charity tackling homelessness, displacement, and isolation in bedford. We provide person-centered support, accommodation, and opportunities for growth. Our 4 teams outreach, supported accommodation, pathways, and refugee & migrants offer housing, employment support, legal aid, and life skills training, helping individuals regain stability and thrive in their communities.

Registered address

Bedford Guild House, 56 HARPUR STREET, BEDFORD, BEDFORDSHIRE, MK40 2QT

Latest HighlightsFY 2024

Income

All sources

£2,550,083

Expenditure

All activities

£2,235,977

Net Reserves

Unrestricted funds

£627,726

Total Assets

Gross assets

£901,672

Working Capital

Liquidity

£293,659

Benchmark Performance

Comparing against 8,683 similar large charities

Compare vs:

Reserve Runway

3.4 months

Median: 3.8 monthsAround typical

Income Growth (1yr)

60.7%

Median: 7.4%Top quartile

Spending Efficiency

94.4%

Median: 97.8%Around typical

Income Concentration

119.1%

Median: 87.9%Below typical

Fundraising ROI

20.5x

Median: 19.2xAround typical

Income Volatility

32.0%

Median: 20.6%Around typical

Self-Generated Income

90.9%

Median: 82.9%Around typical

3-Year Income CAGR

11.8%

Median: 7.8%Around typical

Efficiency & Health

Charitable Spending

94.4%

Fundraising Eff.

% income retained

20.5%

Governance Cost

% of expenditure

2.9%

Grant Making

% given away

Debt Ratio

% of assets

20.3%

Survival Ratio

Months of reserves

3.4 months

Income Profile

Donations & Legacies

% of income

9.1%

Government Reliance

% of income

59.9%

Largest Source

Primary income

Charitable Activities

Diversification

HHI: 11913

Highly Concentrated

Trends

Income Growth (1yr)

Year over Year

60.7%↑

Income CAGR (3yr)

Compound growth

11.8%

Volatility

High Volatility

32.0%

Reserves Trend

Direction

Building

Governance

Employees

Staff count

Volunteers

Volunteer count

171

Volunteer Ratio

Per staff member

3.6:1

Revenue/Employee

Per head

£54,257

Trustee Benefits

Payments to trustees

High Earners

Earning over £60k

Source: Charity Commission annual returns. Figures may differ from published accounts. Always verify with official charity filings for due diligence.

Charts

Income vs Expenditure

Income Sources

Assets vs Liabilities

5 Year Trend

Workforce Scale

Employees & Volunteers

Frequently Asked Questions

Related Charities

Similar charities in The Prevention Or Relief Of Poverty

Pivotal Housing Association

#1121914Large

Income£9.6M

HOUSING FOR WOMEN

#211351Large

Income£9.6M

HUMAN RELIEF FOUNDATION

#1126281Large

Income£8.8M

GRACE AND COMPASSION BENEDICTINES

#1056064Large

Income£8.4M