BLUE CROSS
Financial health, per its FY2024 accounts
The accounts state that Blue Cross ended the financial year with a net loss of £0.3m, driven by an operating loss and investment portfolio losses, though legacy income reached a record high. The charity holds unrestricted free reserves of £51.4m and liquid unrestricted reserves of £25.9m, which the trustees consider sufficient to cover planned operating losses and strategic investments over the next few years. While the charity anticipates operational deficits in 2025 and 2026, it maintains a going concern status with adequate resources to continue operations for at least twelve months.
What the accounts disclose
“The ratio of remuneration at December 2024 of the highest paid employee (£155,813pa) to the average remuneration of employees (£28,002pa) was 5.56 times”
“Kelly Grellier, Chief Operating Officer, left employment of Blue Cross in January 2023. The charity paid a settlement payment of £30k.” — page 62
“The charity has two subsidiary undertakings, Blue Cross Trading Company Limited and Blue Cross D&B Limited.” — page 37
Year-over-year changes
- Top pay band moved from £140,001 - £150,000 (FY2023) to £150,001 - £160,000 (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (23/03/2026)
- Received assets from another charity (28/08/2025)
- Received assets from another charity (18/07/2025)
- Received assets from another charity (14/05/2021)
Trustees
- Beth Brookchair
- Alison Forrestal
- Caroline Gosling
- Christopher Martin
- Clive Everest MA FCA
- JEREMY ROSS STEWART
- Kath Qualtrough
- Kerry Blackstock
- Nicholas Robert Park
- Nicola Jane Brooks-Coppard
- Stephen Paul Swift
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £50.6m | £50.7m |
| 31/12/2023 | £44.0m | £44.6m |
| 31/12/2022 | £45.9m | £41.2m |
| 31/12/2021 | £37.5m | £37.3m |
| 31/12/2020 | £36.0m | £35.9m |
Common questions
Is BLUE CROSS financially healthy?
The accounts state that Blue Cross ended the financial year with a net loss of £0.3m, driven by an operating loss and investment portfolio losses, though legacy income reached a record high. The charity holds unrestricted free reserves of £51.4m and liquid unrestricted reserves of £25.9m, which the trustees consider sufficient to cover planned operating losses and strategic investments over the next few years. While the charity anticipates operational deficits in 2025 and 2026, it maintains a going concern status with adequate resources to continue operations for at least twelve months. Its FY2024 accounts were audited by BDO LLP.
What does the highest-paid employee of BLUE CROSS earn?
Per its FY2024 accounts, the highest-paid employee was in the £150,001 - £160,000 band.
Who funds BLUE CROSS?
Funders whose own accounts filings name BLUE CROSS as a grant recipient include THE PENNIES FOUNDATION, THE SERTH AND GATES CHARITY, SIR PETER O'SULLEVAN CHARITABLE TRUST, PHILIP BREEZE WILL TRUST, ARBUTHNOTT CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE PENNIES FOUNDATION | FY2022 | £206k |
| THE SERTH AND GATES CHARITY | FY2023 | £30k |
| THE SERTH AND GATES CHARITY | FY2022 | £30k |
| SIR PETER O'SULLEVAN CHARITABLE TRUST | FY2023 | £25k |
| PHILIP BREEZE WILL TRUST | FY2023 | £20k |
| ARBUTHNOTT CHARITABLE TRUST | FY2025 | £19k |
| THE ANNANDALE CHARITABLE TRUST | FY2024 | £11k |
| THE ANNANDALE CHARITABLE TRUST | FY2023 | £11k |
| PETPLAN CHARITABLE TRUST | FY2024 | £10k |
| THE CADOGAN CHARITY | FY2023 | £10k |
| THE PENNIES FOUNDATION | FY2024 | £10k |
| THE ANNANDALE CHARITABLE TRUST | FY2025 | £5k |
| THE SERTH AND GATES CHARITY | FY2024 | £5k |
| PHILIP BREEZE WILL TRUST | FY2025 | £5k |
| MOORE KINGSTON SMITH COMMUNITY FOUNDATION | FY2025 | £1k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PROJECT GIVING BACK | 1 | £324k |