Friends of Benenden Hospital
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £490k for the year ended 31 December 2024, resulting in a decrease in total net assets from £15.88m to £15.39m. Free reserves stood at £7.43m, which the trustees note is slightly below their stated policy target of 3.0 times monthly running costs, as the actual level was equivalent to 2.9 times monthly running costs. The trustees maintain that the financial position remains satisfactory and have adopted the going concern basis supported by a letter of comfort from the Society.
What the accounts disclose
“At 31 December 2024 the level of Reserves was equivalent to 2.9 x monthly running costs (2023: 2.8 x)”
“The Society charged the Charitable Company rent of £2,738k (2023: £2,600k) for the use of the hospital site.” — page 43
“The Society recharged the Charitable Company for insurance costs of £482k (2023: £408k), for audit costs of £31k (2023: £58k), for costs of employee membership to the Society of £67k (2023: £56k) and for IT costs of £881k (2023: £783k).” — page 43
“The Society charged the Charitable Company rent of £2,738k (2023: £2,600k) for the use of the hospital site.” — page 43
“The Society recharged the Charitable Company for insurance costs of £482k (2023: £408k), for audit costs of £31k (2023: £58k), for costs of employee membership to the Society of £67k (2023: £56k) and for IT costs of £881k (2023: £783k).” — page 43
“The Society charged the Charitable Company rent of £2,738k (2023: £2,600k) for the use of the hospital site.” — page 43
“The Society recharged the Charitable Company for insurance costs of £482k (2023: £408k), for audit costs of £31k (2023: £58k), for costs of employee membership to the Society of £67k (2023: £56k) and for IT costs of £881k (2023: £783k).” — page 43
“At the 31 December 2024 the deficit, as calculated in line with FRS102, attributed to the Hospital was £5,170k.” — page 7
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (11/03/2020)
- Received assets from another charity (10/06/2013)
Trustees
- Kim Horsford
- Paul Richard Puxty
- Stella Croot
- Victoria Jayne Smith
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £48.2m | £48.7m |
| 31/12/2023 | £49.5m | £48.9m |
| 31/12/2022 | £43.1m | £44.4m |
| 31/12/2021 | £39.9m | £40.4m |
| 31/12/2020 | £35.2m | £34.5m |
Common questions
Is Friends of Benenden Hospital financially healthy?
The accounts state that the charity reported a net deficit of £490k for the year ended 31 December 2024, resulting in a decrease in total net assets from £15.88m to £15.39m. Free reserves stood at £7.43m, which the trustees note is slightly below their stated policy target of 3.0 times monthly running costs, as the actual level was equivalent to 2.9 times monthly running costs. The trustees maintain that the financial position remains satisfactory and have adopted the going concern basis supported by a letter of comfort from the Society. Its FY2024 accounts were audited by PricewaterhouseCoopers LLP.