MOUNT VERNON HOSPITAL COMFORTS FUND
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £84,174 for the year ended March 2025, primarily due to a significant increase in grants awarded to hospital departments and charities. Despite this deficit, the charity holds unrestricted reserves of £251,613, which comfortably exceed its stated minimum policy target of £50,000. The trustees consider the financial position strong and the outlook for operations positive.
What the accounts disclose
“In current circumstances it is considered this could be met by the retention of £50,000 in accumulated unrestricted reserves.”
Trustees
- Dr John Anthony David Spencerchair
- Andrew Newell
- Edwin John Badke
- Frances Gillian Andrew
- Julia Gilbert
- Leon Sidney Lewis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2026 | £112k | £150k |
| 31/03/2025 | £103k | £187k |
| 31/03/2024 | £96k | £57k |
| 31/03/2023 | £81k | £8k |
| 31/03/2022 | £70k | £170k |
Common questions
Is MOUNT VERNON HOSPITAL COMFORTS FUND financially healthy?
The accounts state that the charity reported a deficit of £84,174 for the year ended March 2025, primarily due to a significant increase in grants awarded to hospital departments and charities. Despite this deficit, the charity holds unrestricted reserves of £251,613, which comfortably exceed its stated minimum policy target of £50,000. The trustees consider the financial position strong and the outlook for operations positive. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £3k |
| CANTIACORUM FOUNDATION | 1 | £1k |
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