MICHAEL YOAKLEY'S CHARITY
Financial health, per its FY2025 accounts
The accounts state that the charity generated a net movement in funds of £211,307, driven by a surplus on activities and significant gains on revaluations. However, the charity reports that local government funding for care placements creates a weekly deficit that must be covered by other income sources. The trustees maintain that the charity has adequate resources to continue as a going concern.
What the accounts disclose
“The Trustees have determined that the appropriate level of free reserves necessary for the efficient management of the charity should be £1,000,000 (2024: £800,000) i.e. approximately six months budgeted expenditure.” — page 12
“The charity carried out maintenance works with M Wickenden, who is the spouse of J Wickenden a member of key management personnel. Costs for the year totalled £960 (2024: £5,040) and £nil (2024: £nil) was outstanding at the year end.” — page 27
Leadership, per the charity’s website
- Peter Hermitage — Chairman
- David Astley — Director
- Beverley Aitken — Director
- Gill Durrant — Director
- David Meakin — Director
- Julie Miller — Director
- Andrew Clague — Director
- David Leah — Director
Structured financials (annual return, FY ending 31/12/2025)
Care Quality Commission ratings
- Yoakley House Care Home: Good
Trustees
- YOAKLEY CARE SHARE LTD
- YOAKLEY CARE TRUSTEE LTD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £2.0m | £2.0m |
| 31/12/2024 | £1.9m | £1.8m |
| 31/12/2023 | £1.6m | £1.7m |
| 31/12/2022 | £1.6m | £1.6m |
| 31/12/2021 | £1.6m | £1.4m |
Common questions
Is MICHAEL YOAKLEY'S CHARITY financially healthy?
The accounts state that the charity generated a net movement in funds of £211,307, driven by a surplus on activities and significant gains on revaluations. However, the charity reports that local government funding for care placements creates a weekly deficit that must be covered by other income sources. The trustees maintain that the charity has adequate resources to continue as a going concern. Its FY2025 accounts were audited by Azets Audit Services.