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AMICA CARE TRUST

Registered charity 1084054 · accounts filings on the Charity Commission register · also known as SOMERSET REDSTONE TRUST

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Latest income
£15.8m
Latest spending
£16.0m
Registered
2000
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported an overall deficit of £125,122 for the year ended 31 March 2025, despite a positive EBITDARM of £882,000 and total income increasing to £15.8 million. The charity holds unrestricted reserves of £15,694,008, which significantly exceeds its stated sufficient reserves policy target of £750,000. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

What the accounts disclose

Reserves policy: £0.75m (held: £15.7m)
“In total cash reserves of £0.75m are considered a sufficient level of reserves to hold.” — page 9
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Charity had the following wholly owned subsidiary companies limited by guarantee: Gatchell Oaks (Management) Ltd – dissolved October 2024
“During the year, the parent Charity issued further loan advancements to its wholly owned trading subsidiary, Amica Care (Plymouth) Ltd. At the year end, the balance of the amounts due to the parent Charity was £853,760 (2024: £375,322) and is included in Charity's debtors. The loan does not accrue interest and has an indefinite repayment period.” — page 41
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Bishop Fleming LLP. Discloses 4 of 6 completeness components.

Public fundraising profile: JustGiving — Amica Care Trust (matched by registered charity number).

Structured financials (annual return, FY ending 31/03/2025)

Total income
£15.8m
Total spending
£16.0m
Cost of raising funds
£557k
Reserves (reported)
£16.5m
Employees
374

Reported reserves equal ~12.4 months of spending — in the top quarter for charities its size (median 4.6 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: Devon · Dorset · Somerset · Worcestershire

Income and spending

Financial year endIncomeSpending
31/03/2025£15.8m£16.0m
31/03/2024£13.5m£12.8m
31/03/2023£9.2m£10.1m
31/03/2022£9.9m£10.2m
31/03/2021£9.4m£9.4m

Common questions

Is AMICA CARE TRUST financially healthy?

The accounts state that the charity reported an overall deficit of £125,122 for the year ended 31 March 2025, despite a positive EBITDARM of £882,000 and total income increasing to £15.8 million. The charity holds unrestricted reserves of £15,694,008, which significantly exceeds its stated sufficient reserves policy target of £750,000. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Bishop Fleming LLP.