VIBRANCE
Vibrance provides Supported Living, Registered Care Homes (with and without nursing), Brokerage, Outreach, Community Day Services, Short Breaks and Personal Budget Support i.e. Fundholding, Payroll, Support Planning and PA Registers in 12 local authorities providing services to around 350 people in our directly provided services and a further 1400 in our Self Directed Services
Financial health, per its FY2023 accounts
The accounts state that the group reported a net loss of £506,350 for the year ended 31 March 2023, resulting in total funds of £1,167,569. The trustees and auditors have identified a material uncertainty regarding the charity's ability to continue as a going concern, citing dependence on cost reduction programmes and negotiation of better rates with local authorities. Despite these pressures, the trustees believe it is appropriate to prepare the financial statements on a going concern basis.
What the accounts disclose
“revenue from public authorities at 88%” — page 7
“The charities aim is to increase the value of its reserves to achieve the current reserve policy of 3-6 months over the next 3 years” — page 8
“These factors indicate that there is a material uncertainty that may cast significant doubt on the charitable company's ability to continue as a going concern.” — page 10
“These financial statements consolidate the results of the Charity and its wholly owned trading subsidiaries, Vibrance Pathways to Employment Community lnterest Company for the whole period” — page 18
Year-over-year changes
- Going concern: no going-concern doubt (FY2022) → material uncertainty (FY2023).
Insolvency history (Companies House)
Corporate structure
- Registered company of the charity Companies House 08466095
Company officers (Companies House)
- LEVER, Ryan Amman on trustee list
- GOH, Binnie on trustee list
- POWELL, Evonne on trustee list
- GHANI, Adil Hassan on trustee list
- RICHARDSON, Elaine Margaret on trustee list
- LYONS, Anne on trustee list
- ATKINS, Michael George on trustee list
- WIGGINS, Andrea Jane
Structured financials (annual return, FY ending 31/03/2023)
Trustees
- Anne Lyonschair
- Adil Ghani
- Binnie Goh
- Elaine Margaret Richardson
- Evonne Powell
- Jill Lecznar
- MICHAEL GEORGE ATKINS
- Ryan Amman Lever
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | — | — |
| 31/03/2024 | — | — |
| 31/03/2023 | £14.9m | £15.3m |
| 31/03/2022 | £13.9m | £14.4m |
| 31/03/2021 | £14.3m | £14.6m |
Common questions
Is VIBRANCE financially healthy?
Per its FY2023 accounts: The accounts state that the group reported a net loss of £506,350 for the year ended 31 March 2023, resulting in total funds of £1,167,569. The trustees and auditors have identified a material uncertainty regarding the charity's ability to continue as a going concern, citing dependence on cost reduction programmes and negotiation of better rates with local authorities. Despite these pressures, the trustees believe it is appropriate to prepare the financial statements on a going concern basis. Its FY2023 accounts were audited by Moore Kingston Smith LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ALBERT GUBAY CHARITABLE FOUNDATION | 1 | £374k |
| ATKIN CHARITABLE FOUNDATION | 1 | £10k |
| THE EDWARD AND DOROTHY CADBURY TRUST | 1 | £10k |
| LILLIE JOHNSON CHARITABLE TRUST | 1 | £6k |
| THE FINNIS SCOTT FOUNDATION | 1 | £5k |
| SIR JEREMIAH COLMAN GIFT TRUST | 1 | £5k |
| THE A M FENTON TRUST | 1 | £3k |
| SIR JULES THORN CHARITABLE TRUST | 1 | £3k |
Charities like this
- NEW DIRECTIONS (RUGBY) LIMITED
- INDIVIDUAL CARE SERVICES
- VISION HOMES ASSOCIATION
- FAMILY CARE TRUST
- WINCHESTER GO LD
- OUTREACH COMMUNITY AND RESIDENTIAL SERVICES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| VIBRANCE | £14.9m | — | — | unclear | — | material uncertainty |
| NEW DIRECTIONS (RUGBY) LIMITED | £6.9m | — | — | unclear | — | no doubt |
| INDIVIDUAL CARE SERVICES | £7.0m | — | — | unclear | — | no doubt |
| VISION HOMES ASSOCIATION | £3.1m | — | 0 | above | — | no doubt |
| FAMILY CARE TRUST | £4.2m | — | 0 | unclear | — | no doubt |
| WINCHESTER GO LD | £109k | — | 0 | unclear | — | noted |