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MINCHINHAMPTON CENTRE FOR THE ELDERLY LIMITED

Registered charity 1083810 · accounts filings on the Charity Commission register · also known as HORSFALL HOUSE, THE MINCHINHAMPTON CENTRE FOR THE ELDERLY

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Latest income
£3.3m
Latest spending
£3.2m
Registered
2000
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity transferred all its assets and liabilities to Horsfall House CIO on 30 September 2024 as part of a group restructure. The trustees intend to dissolve the charitable company once internal processes are complete, and the financial statements were prepared on a basis other than going concern. The net deficit of assets transferred was £67,577.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“The total net deficit value of the assets transferred is £67,577.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“We draw attention to Note 1 to the financial statements which explains that the trustees intend to dissolve the charity and therefore do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Parent charity provided financial support to nursing home residents.
“During the year the Charitable company received £194,912 (period ended 31 December 2023 - £336,488) from its parent charity, Minchinhampton Centre for the Elderly, giving financial support to residents of the Nursing Home who are unable to fund the full cost of their residential nursing care.” — page 5
“As at 30 September 2024, the charitable company transferred it's assets and liabilities to Horsefall House CIO following a group restructure. This totalled £144,157 and is included as a donation within other expenditure.” — page 16
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donation on group restructure.
“During the year the Charitable company received £194,912 (period ended 31 December 2023 - £336,488) from its parent charity, Minchinhampton Centre for the Elderly, giving financial support to residents of the Nursing Home who are unable to fund the full cost of their residential nursing care.” — page 5
“As at 30 September 2024, the charitable company transferred it's assets and liabilities to Horsefall House CIO following a group restructure. This totalled £144,157 and is included as a donation within other expenditure.” — page 16
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Prior period rent and asset usage charges from parent charity.
“During the year the Charitable company received £194,912 (period ended 31 December 2023 - £336,488) from its parent charity, Minchinhampton Centre for the Elderly, giving financial support to residents of the Nursing Home who are unable to fund the full cost of their residential nursing care.” — page 5
“As at 30 September 2024, the charitable company transferred it's assets and liabilities to Horsefall House CIO following a group restructure. This totalled £144,157 and is included as a donation within other expenditure.” — page 16
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Kingscott Dix Limited. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£3.3m
Total spending
£3.2m
Cost of raising funds
£16k
Reserves (reported)
£0
Employees
137

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Care Quality Commission ratings

CQC inspection ratings for services run by a provider matching this charity’s name (matched by name; verify provider identity on CQC’s site).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Gloucestershire

Income and spending

Financial year endIncomeSpending
31/12/2024£3.3m£3.2m
31/12/2023£5.0m£4.9m
30/09/2022£3.6m£3.7m
30/09/2021£3.3m£3.4m
30/09/2020£3.4m£3.6m

Common questions

Is MINCHINHAMPTON CENTRE FOR THE ELDERLY LIMITED financially healthy?

The accounts state that the charity transferred all its assets and liabilities to Horsfall House CIO on 30 September 2024 as part of a group restructure. The trustees intend to dissolve the charitable company once internal processes are complete, and the financial statements were prepared on a basis other than going concern. The net deficit of assets transferred was £67,577. Its FY2024 accounts were audited by Kingscott Dix Limited.