MINCHINHAMPTON CENTRE FOR THE ELDERLY LIMITED
Operator of nursing home
Latest income
£0
Latest spending
£0
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.
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
Care Quality Commission ratings
- Minchinhampton Centre for the Elderly - Horsfall House: Requires improvement
- Horsfall House Homecare: Good
Trustees
- CHRISTOPHER PRICE
- Marion Lady de Clifford
- Mike Lewis
- SIMON MORELAND
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £0 | £0 |
| 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 |
Common questions
Is MINCHINHAMPTON CENTRE FOR THE ELDERLY LIMITED financially healthy?
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. Its FY2024 accounts were audited by Kingscott Dix Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BASSIL SHIPPAM AND ALSFORD TRUST | 1 | £72k |
| THE F GLENISTER WOODGER TRUST CIO | 1 | £71k |
| NORFOLK COMMUNITY FOUNDATION | 1 | £40k |
| THE IAN KARTEN CHARITABLE TRUST | 1 | £33k |
| Norwich Freemen's Charity | 1 | £30k |
| FARNHAM LIONS CLUB (CIO) | 1 | £25k |
| THE 29TH MAY 1961 CHARITY | 1 | £15k |
| JOAN AINSLIE CHARITABLE TRUST | 1 | £14k |
Charities like this
- THE MINCHINHAMPTON CENTRE FOR THE ELDERLY
- HORSFALL HOUSE
- DONNINGTON HOUSE CARE HOME LIMITED
- MINCHINHAMPTON BAPTIST CHURCH
- THE HAMLET CENTRE TRUST
- ST JOHN'S HOME
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MINCHINHAMPTON CENTRE FOR THE ELDERLY LIMITED | £0 | — | — | below | — | noted |
| THE MINCHINHAMPTON CENTRE FOR THE ELDERLY | £0 | — | 0 | unclear | — | no doubt |
| HORSFALL HOUSE | £4.8m | — | — | unclear | — | no doubt |
| DONNINGTON HOUSE CARE HOME LIMITED | £2.0m | — | — | above | — | no doubt |
| MINCHINHAMPTON BAPTIST CHURCH | £202k | — | 0 | above | — | no doubt |
| THE HAMLET CENTRE TRUST | £2.0m | Under £60,000 | 0 | unclear | — | no doubt |