CARING FOR LIFE
Financial health, per its FY2025 accounts
The accounts state that the charity reported total income of £4.84 million and total expenditure of £4.50 million for the year ended 31 January 2025. Per the trustees' report, free reserves were negative £471k, which is below the stated policy target of £350k, although operational reserves including designated funds were £496k. The trustees confirmed the group has adequate resources to continue as a going concern.
What the accounts disclose
“At the year end, the charity had negative free reserves of £471k which is below the trustee’s required range.”
“The charity leases properties from Caring for Life Properties Limited, a subsidiary, on a formal lease at a rent of £12,400 (2024: £12,400) per annum.” — page 79
“During the year, the charity recharged goods and services of £758.484 (2024: £624,145) to Caring for Life Trading, this includes recharged salary costs of £667,585 (2024: £537,911).” — page 79
“The charity leases properties from Caring for Life Properties Limited, a subsidiary, on a formal lease at a rent of £12,400 (2024: £12,400) per annum.” — page 79
“During the year, the charity recharged goods and services of £758.484 (2024: £624,145) to Caring for Life Trading, this includes recharged salary costs of £667,585 (2024: £537,911).” — page 79
“The charity leases properties from Caring for Life Properties Limited, a subsidiary, on a formal lease at a rent of £12,400 (2024: £12,400) per annum.” — page 79
“During the year, the charity recharged goods and services of £758.484 (2024: £624,145) to Caring for Life Trading, this includes recharged salary costs of £667,585 (2024: £537,911).” — page 79
Structured financials (annual return, FY ending 31/01/2025)
Register events
- Received assets from another charity (08/01/2026)
- Received assets from another charity (07/05/2024)
- Received assets from another charity (29/03/2019)
Trustees
- PASTOR WILLIAM ERNEST BYGROVESchair
- DR JONATHAN WILLIAM BIRNIE
- Mark Bygroves
- PAMELA BRONWEN YOUNG
- Rev Robert Paul Pease
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £4.8m | £4.5m |
| 31/01/2024 | £4.1m | £4.3m |
| 31/01/2023 | £4.9m | £4.3m |
| 31/01/2022 | £4.0m | £3.9m |
| 31/01/2021 | £4.9m | £3.6m |
Common questions
Is CARING FOR LIFE financially healthy?
The accounts state that the charity reported total income of £4.84 million and total expenditure of £4.50 million for the year ended 31 January 2025. Per the trustees' report, free reserves were negative £471k, which is below the stated policy target of £350k, although operational reserves including designated funds were £496k. The trustees confirmed the group has adequate resources to continue as a going concern. Its FY2025 accounts were audited by BHP LLP.