Rye Health and Care
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £49,608 for the year ended 31 March 2024, resulting in unrestricted general reserves of £4,553,488. The trustees consider the liquid free reserves of £692,037 to be in line with their stated policy target range of £0.5m to £1.2m. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“Our reserves policy, which is reviewed annually, identifies an appropriate range for free reserves (defined as unrestricted funds excluding fixed assets) of between £0.5m and £1.2m.” — page 6
“Mr B Nealon, a trustee, is the chairman of Rye & District Community Transport, a charity that Rye, Winchelsea And District Memorial Hospital donated £10,000 (2023: £10,000) to in the year.” — page 31
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (12/09/2013)
Trustees
- Dr MAHENDRA KUMAR KONDAGARI
- Dr ROBERT ANDREW MCNEILLY
- JACQUELINE SUSAN DUDFIELD
- Jeremy Stephen Philip Maynard
- Lady Rosemary Clarke
- Martyn Hywel Phillips
- Richard John Bisson
- Sarah Lynette Webb
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.0m | £853k |
| 31/03/2024 | £679k | £753k |
| 31/03/2023 | £682k | £605k |
| 31/03/2022 | £783k | £636k |
| 31/03/2021 | £600k | £503k |
Common questions
Is Rye Health and Care financially healthy?
The accounts state that the charity reported a net expenditure of £49,608 for the year ended 31 March 2024, resulting in unrestricted general reserves of £4,553,488. The trustees consider the liquid free reserves of £692,037 to be in line with their stated policy target range of £0.5m to £1.2m. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by GMP Audit Limited.