THE GROVE RESIDENTIAL HOME (SOLIHULL)
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a planned deficit of £43,523 for the year ended 31 March 2024, resulting in unrestricted reserves of £758,006. The trustees consider these reserves adequate for ongoing activities, noting they represent six months of running costs in line with the charity's reserves policy. The charity reports no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“The home strives to maintain sufficient funds to enable six months running costs.” — page 5
“Included in the accounts is £106,835 (2023: £69,968) in respect of repairs and maintenance payments made to A. J. Huggins. A. J. Huggins is the partner of D. Huggins who is a trustee of the charity.” — page 24
“J. Bates, who is a trustee of the charity, is also a governor of Birmingham City University. During the year, Birmingham City University provided physiotherapy services to the charity amounting to £2,520 (2023: £nil).” — page 24
“Included in the accounts is £106,835 (2023: £69,968) in respect of repairs and maintenance payments made to A. J. Huggins. A. J. Huggins is the partner of D. Huggins who is a trustee of the charity.” — page 24
“J. Bates, who is a trustee of the charity, is also a governor of Birmingham City University. During the year, Birmingham City University provided physiotherapy services to the charity amounting to £2,520 (2023: £nil).” — page 24
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- The Grove Residential Home: Good
Trustees
- Catherine Mary Ellis
- Joseph Richard Bates FCA, DCHA
- Robert Gareth Ellis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.6m | £1.4m |
| 31/03/2024 | £1.4m | £1.4m |
| 31/03/2023 | £1.2m | £1.1m |
| 31/03/2022 | £1.1m | £1.0m |
| 31/03/2021 | £980k | £823k |
Common questions
Is THE GROVE RESIDENTIAL HOME (SOLIHULL) financially healthy?
The accounts state that the charity incurred a planned deficit of £43,523 for the year ended 31 March 2024, resulting in unrestricted reserves of £758,006. The trustees consider these reserves adequate for ongoing activities, noting they represent six months of running costs in line with the charity's reserves policy. The charity reports no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were audited by Edwards Pearson & White (Audit) Limited.