TERRY'S DAY CARE LIMITED
Terry's Place is a unique day care charity. Our experienced team help families caring for older people to take a break for the day, so their loved one can enjoy social stimulation and activities in a relaxed setting in Chichester.Our highly experienced care team are also on hand to provide advice to family carers, providing information or access to our network of community health professionals.
Financial health, per its FY2024 accounts
The accounts state that the charity ceased all activities and closed its doors in August 2024 due to an inability to secure sustainable funding. The final financial year shows a significant deficit, with total funds at year-end reduced to £804, which were subsequently used to settle outstanding liabilities. Remaining assets were transferred to another charity as part of the formal dissolution process.
What the accounts disclose
“It has been the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 5
“The charitable company ceased all activities on 31 March 2025. As part of the closure of the charity, all plant and equipment was transferred at nil consideration to the Dementia Support Charitable company.” — page 9
Trustees
- Rebecca Theresa De Lorenzochair
- Simon McGee
- Tania Mercedes Jeffery
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £69k | £141k |
| 31/12/2023 | £144k | £175k |
| 31/12/2022 | £218k | £108k |
Common questions
Is TERRY'S DAY CARE LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity ceased all activities and closed its doors in August 2024 due to an inability to secure sustainable funding. The final financial year shows a significant deficit, with total funds at year-end reduced to £804, which were subsequently used to settle outstanding liabilities. Remaining assets were transferred to another charity as part of the formal dissolution process. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 15/09/2023 | £10k | Terry's Place- Wellbeing and Social Activities |