HOSPICE IN ROSSENDALE
Financial health, per its FY2023 accounts
The accounts state that the charity achieved a net deficit of £165,117 for the year ended 31 March 2023, primarily due to a decrease in legacy income and the absence of emergency pandemic funding, alongside increased staff and inflation costs. Despite this deficit, the charity maintains unrestricted funds of £1,553,533, which the trustees consider sufficient to support the current cost base and maintain service quality. The auditors confirmed that the financial statements give a true and fair view and reported no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds, which are free reserves of the charity at a level, which equates to approximately nine months' unrestricted expenditure.” — page 9
“The consolidated accounts of the group incorporate the accounts of the company and its subsidiary, Rossendale Hospice Trading Limited.” — page 20
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- Rossendale Hospice Integrated Health Care Centre: Good
Trustees
- Andrew Holt
- Catherine Ann Dobbs
- Charlotte Lees
- Dawn Maureen Gawthorpe
- Donna Grundy
- Dr LIAM MCGROGAN
- GRAHAM MANGHAM
- Ian Patmore
- Mrs A Gallagher
- STUART MAYER
- Victoria Claire Butcher
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.2m | £1.2m |
| 31/03/2024 | £1.0m | £1.3m |
| 31/03/2023 | £1.1m | £1.1m |
| 31/03/2022 | £1.2m | £976k |
| 31/03/2021 | £1.2m | £956k |
Common questions
Is HOSPICE IN ROSSENDALE financially healthy?
The accounts state that the charity achieved a net deficit of £165,117 for the year ended 31 March 2023, primarily due to a decrease in legacy income and the absence of emergency pandemic funding, alongside increased staff and inflation costs. Despite this deficit, the charity maintains unrestricted funds of £1,553,533, which the trustees consider sufficient to support the current cost base and maintain service quality. The auditors confirmed that the financial statements give a true and fair view and reported no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Ainsworths Limited.