Charity Accounts Intelreading the accounts so you don’t have to

Westfield House (Care) Ltd

Registered charity 238168 · accounts filings on the Charity Commission register · also known as THE ABBEYFIELD LOUGHBOROUGH SOCIETY LIMITED · listed website unreachable when last crawled

Get email alerts for this charity

Latest income
£2.4m
Latest spending
£3.3m
Registered
1964
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported an operating deficit of £232,091 and a total comprehensive loss of £412,134 for the year ended 31 March 2023, driven by high vacancy rates, interest costs, and agency staff fees. While total reserves stand at £3,522,554, the unrestricted funds are negative £1,744,432 after accounting for designated funds for property investments and repairs. The trustees highlight a material uncertainty regarding going concern due to an 'Inadequate' CQC rating which suspends new admissions, though they remain confident in future surpluses as occupancy improves.

What the accounts disclose

Reserves policy: sufficient level of reserves to enable it to meet any unforeseen events (held: £3.5m)
“The level of reserves remains high in order for the Society to guarantee the level of care they can provide to residents in the future. The Society will continue to maintain a sufficient level of reserves to enable it to meet any unforeseen events.” — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Going concern: material uncertainty disclosed
“We draw attention to the section related to going concern in note 2 of the financial statements which indicates that in order to continue to operate, and operate at the occupancy levels that make that financially possible, the charitable company needs to implement improvements and recommendations arising from recent inspections and pass follow up inspections. As stated in note 2, these events or conditions, along with other matters as set forth in note 2, indicate that a material uncertainty exists that may cast significant doubt on the charitable company’s ability to continue as a going concern.” — page 9
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Duncan & Toplis Audit Limited. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£2.4m
Total spending
£3.3m
Reserves (reported)
£902k
Employees
93

Reported reserves equal ~3.3 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Care Quality Commission ratings

CQC inspection ratings for services run by a provider matching this charity’s name (matched by name; verify provider identity on CQC’s site).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Leicestershire

Income and spending

Financial year endIncomeSpending
31/03/2025£2.4m£3.3m
31/03/2024£3.1m£3.3m
31/03/2023£1.7m£2.1m
31/03/2022£1.2m£1.5m
31/03/2021£1.4m£1.5m

Common questions

Is Westfield House (Care) Ltd financially healthy?

The accounts state that the charity reported an operating deficit of £232,091 and a total comprehensive loss of £412,134 for the year ended 31 March 2023, driven by high vacancy rates, interest costs, and agency staff fees. While total reserves stand at £3,522,554, the unrestricted funds are negative £1,744,432 after accounting for designated funds for property investments and repairs. The trustees highlight a material uncertainty regarding going concern due to an 'Inadequate' CQC rating which suspends new admissions, though they remain confident in future surpluses as occupancy improves. Its FY2023 accounts were audited by Duncan & Toplis Audit Limited.