AVANTE CARE AND SUPPORT LIMITED
Financial health, per its FY2025 accounts
The accounts state that the charity achieved a net surplus of £494,360 for the year ended 31 March 2025, with unrestricted reserves held at £2.6 million, which exceeds the stated policy target of £1.8 million. The trustees confirm that the charity has adequate resources to continue operating for the foreseeable future, with sufficient cash and reserves to meet medium-term cash requirements and bank loan covenants.
What the accounts disclose
“Since 2018, having considered income variability and risks relating to income as well as financial obligations and their flexibility, it has been agreed that the policy should be to hold reserves of £1.8 million (circa one month's expenditure).” — page 12
“At Match 2025 Avante had two defined benefit schemes with two having ended on 31 March 2024 and, according to the actuarial valuations as at 31 March 2025, Avante had defined benefit pension scheme liabilities of £852k (2024 net liability £1.072 million).”
“Avante Care Services Ltd is a wholly owned subsidiary company of Avante Care and Support Ltd. The subsidiary contracts with Local Authorities and NHS bodies and the contracts are then subcontracted to the charity to deliver the services in the usual way.” — page 6
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- Chaucer House: Inadequate
- Barnes Lodge: Requires improvement
- Riverdale Court: Requires improvement
- Bridge Haven: Good
- Northbourne Court: Good
- Parkview: Good
- Puddingstone Grange: Good
- Amherst Court: Good
- Avante Home Care and Support Service: Good
- Weybourne: Good
Register events
- Received assets from another charity (30/10/2012)
Trustees
- Andrew Patrick Irelandchair
- Adeyemi Oyewumi
- Caroline Hallett
- Caroline Kaiser
- Louise Nylander
- Peter William Gingell
- Rasheed Ahmad
- Stephen Anson King
- Sureshraj Anandraj
- William Purvis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £44.0m | £43.5m |
| 31/03/2024 | £44.5m | £37.0m |
| 31/03/2023 | £32.6m | £30.9m |
| 31/03/2022 | £30.8m | £29.0m |
| 31/03/2021 | £31.6m | £30.2m |
Common questions
Is AVANTE CARE AND SUPPORT LIMITED financially healthy?
The accounts state that the charity achieved a net surplus of £494,360 for the year ended 31 March 2025, with unrestricted reserves held at £2.6 million, which exceeds the stated policy target of £1.8 million. The trustees confirm that the charity has adequate resources to continue operating for the foreseeable future, with sufficient cash and reserves to meet medium-term cash requirements and bank loan covenants. Its FY2025 accounts were audited by Crowe U.K. LLP.