PORTSMOUTH HOSPITALS CHARITY
Financial health, per its FY2025 accounts
The accounts state that total income increased by approximately 8% to £963,000, while charitable expenditure rose significantly to £1,280,000, resulting in a net decrease in net assets of £379,000. The charity maintains unrestricted and designated reserves of £2,786,000, which exceeds its stated policy target of a minimum £1 million, ensuring adequate resources to continue operations. The independent auditors confirmed that the financial statements give a true and fair view and found no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“A minimum free reserve of £1 million should be retained in unrestricted & designated funds to provide continuity for achievement of Charity objectives in the event of income fluctuations.”
Year-over-year changes
- Employees paid over £60,000: 1 (FY2024) → 0 (FY2025).
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (14/11/2019)
Trustees
- PORTSMOUTH HOSPITALS N H S TRUST
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £963k | £1.3m |
| 31/03/2024 | £891k | £958k |
| 31/03/2023 | £1.2m | £1.3m |
| 31/03/2022 | £1.2m | £716k |
| 31/03/2021 | £922k | £1.8m |
Common questions
Is PORTSMOUTH HOSPITALS CHARITY financially healthy?
The accounts state that total income increased by approximately 8% to £963,000, while charitable expenditure rose significantly to £1,280,000, resulting in a net decrease in net assets of £379,000. The charity maintains unrestricted and designated reserves of £2,786,000, which exceeds its stated policy target of a minimum £1 million, ensuring adequate resources to continue operations. The independent auditors confirmed that the financial statements give a true and fair view and found no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Moore Kingston Smith LLP.
Who funds PORTSMOUTH HOSPITALS CHARITY?
Funders whose own accounts filings name PORTSMOUTH HOSPITALS CHARITY as a grant recipient include YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION | FY2025 | £3k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HEADLEY TRUST | 1 | £100k |
| THE GEOFF & FIONA SQUIRE FOUNDATION | 1 | £5k |
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