WHITE ROSE
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £101,697 for the year ended 31 December 2023, resulting in total unrestricted funds being in deficit by £261,066. The auditors have identified a material uncertainty regarding the charity's ability to continue as a going concern due to the significant impact of the cost-of-living crisis on its trading subsidiary, White Rose Trading CIC. Despite this, the trustees have concluded the charity remains a going concern based on a recovery plan and cash reserves made available by directors.
What the accounts disclose
“these events and market conditions indicate that a material uncertainty exists that may cast doubt on the Group’s ability to continue as a going concern.” — page 6
“This includes through trading subsidiaries including White Rose preloved fashion shops, operated by White Rose Trading CIC (“WRT”), and Champion Humanity Enterprise Ltd (“CHE”)” — page 4
Year-over-year changes
- Employees paid over £60,000: 2 (FY2022) → 0 (FY2023).
- Going concern: going-concern doubt noted (FY2022) → material uncertainty (FY2023).
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- Dr JAMES MICHAEL SMITH CBEchair
- STEPHEN NEWELL
- Steve Robinson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | — | — |
| 31/12/2023 | £2.9m | £3.0m |
| 31/12/2022 | £2.9m | £3.0m |
| 31/12/2021 | £2.0m | £2.2m |
| 31/12/2020 | £1.7m | £1.5m |
Common questions
Is WHITE ROSE financially healthy?
The accounts state that the charity reported a net deficit of £101,697 for the year ended 31 December 2023, resulting in total unrestricted funds being in deficit by £261,066. The auditors have identified a material uncertainty regarding the charity's ability to continue as a going concern due to the significant impact of the cost-of-living crisis on its trading subsidiary, White Rose Trading CIC. Despite this, the trustees have concluded the charity remains a going concern based on a recovery plan and cash reserves made available by directors. Its FY2023 accounts were audited by Azets Audit Services.