THE FRIENDS OF THE CHELSEA AND WESTMINSTER HOSPITAL
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £527,532, supported by a strong cash position of £357,567 and equity investments valued at £276,293. The charity reports no material uncertainties regarding its ability to continue as a going concern and maintains a conservative reserves policy to cover administrative costs and emergency funding needs.
What the accounts disclose
“The objective is to provide sufficient funds to cover management, administration and support costs as well as to respond to emergency applications for funding”
“The wholly-owned subsidiary, Friends’ Shop (C & W) Limited, which is incorporated in the United Kingdom, pays all its profit to the charity by gift aid.” — page 15
Trustees
- Elaine Pinksterchair
- Alexandra Marsanu
- Andrew Goodwin
- Hilary O'Neill
- Irene Margarita Omana
- Isabel Davies
- MRS A DIGGLE
- Rita Spackman
- Sara Munds
- Thomas Brown
- VIRGINIA MORCK
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £420k | £197k |
| 31/12/2023 | £116k | £214k |
| 31/12/2022 | £66k | £79k |
| 31/12/2021 | £52k | £111k |
| 31/12/2020 | £134k | £89k |
Common questions
Is THE FRIENDS OF THE CHELSEA AND WESTMINSTER HOSPITAL financially healthy?
The accounts state that unrestricted reserves increased to £527,532, supported by a strong cash position of £357,567 and equity investments valued at £276,293. The charity reports no material uncertainties regarding its ability to continue as a going concern and maintains a conservative reserves policy to cover administrative costs and emergency funding needs. Its FY2024 accounts were independently examined.