THE GLOUCESTERSHIRE CARE PARTNERSHIP
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £12,000 for the year, resulting in a cumulative unrestricted deficit of £812,000. The trustees note that this deficit is due to the structure of the original contract and that the charity is dependent on continuing financial support from its joint venture partners, which is not legally binding. Despite this material uncertainty, the trustees and auditors have adopted the going concern basis, asserting that the charity has adequate resources to continue operations for the foreseeable future.
What the accounts disclose
“At the year-end there was a total deficit of £812,000.”
“Therefore, a material uncertainty exists that may cast significant doubt on the Charity’s ability to continue as a going concern and therefore its ability to realise its assets and discharge its liabilities in the normal course of business.” — page 19
Structured financials (annual return, FY ending 28/03/2025)
Trustees
- Catherine Alice Kelly
- Daniel Hayes
- Hilary Elizabeth Morris
- Julian Alexander Pearce
- Mark Julian Lee
- Paul Cook
- Richard Hill
- Tracey Wardle
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/03/2025 | £17.9m | £17.9m |
| 28/03/2024 | £17.1m | £17.1m |
| 28/03/2023 | £20.1m | £20.2m |
| 28/03/2022 | £19.0m | £19.1m |
| 28/03/2021 | £19.4m | £19.3m |
Common questions
Is THE GLOUCESTERSHIRE CARE PARTNERSHIP financially healthy?
The accounts state that the charity reported a net expenditure of £12,000 for the year, resulting in a cumulative unrestricted deficit of £812,000. The trustees note that this deficit is due to the structure of the original contract and that the charity is dependent on continuing financial support from its joint venture partners, which is not legally binding. Despite this material uncertainty, the trustees and auditors have adopted the going concern basis, asserting that the charity has adequate resources to continue operations for the foreseeable future. Its FY2025 accounts were audited by BDO LLP.