Lymington Hospital Friends
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net surplus of £119,688 for the year ended 31 March 2023, with total funds increasing to £2,144,529. The trustees confirmed the charity is a going concern, citing these results and future fundraising plans as securing its immediate future. The majority of the increase in reserves related to legacies and restricted donations received but not yet spent.
What the accounts disclose
“The Trustees have resolved to commit as much of the Charity's resources as possible to the League's objectives whist retaining sufficient reserves and investments to enable future donations which can individually be substantial in size.” — page 5
Trustees
- Michael Hodgeschair
- ANTHONY LEONARD FESSLER
- Anne Julia Bowman
- Arthur Anthony England
- Catherine Ann de Hautville Bowell
- Christine Chapman
- David John Mackew
- Dean John Rook
- Dr Nicholas John Morrish
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £184k | £90k |
| 31/03/2024 | £109k | £285k |
| 31/03/2023 | £190k | £63k |
| 31/03/2022 | £260k | £66k |
| 31/03/2021 | £52k | £76k |
Common questions
Is Lymington Hospital Friends financially healthy?
The accounts state that the charity reported a net surplus of £119,688 for the year ended 31 March 2023, with total funds increasing to £2,144,529. The trustees confirmed the charity is a going concern, citing these results and future fundraising plans as securing its immediate future. The majority of the increase in reserves related to legacies and restricted donations received but not yet spent. Its FY2023 accounts were independently examined.