THE HEALTHCARE MANAGEMENT TRUST
Financial health, per its FY2024 accounts
The accounts state that total income rose to £54.4 million, up from £50.6 million in 2023, although the Trust recorded a reported loss of £420,546 due to planned start-up costs for a new care home. Excluding these start-up costs, the Trust would have recorded an underlying surplus of £1,534,363, underscoring the strength of its established service portfolio. The Trustees consider the Trust's financial position to be healthy, with free reserves of £1,548,217 and sufficient resources to meet liabilities as they fall due.
What the accounts disclose
“The Trust had a free reserves of £1,548,217 as of 31 December 2024. In the most recent review, the Trustees considered appropriate a reserves policy of holding £4,000,000 of free reserves.” — page 41
“Dylan Jones received £32,885 (2023: £32,885) in respect to management services provided to the Trust. Expenses in connection with travel and subsistence were reimbursed to 8 Trustees (2024: 8 Trustees) including pension contributions during the year and amounted to £7,534”
“Dylan Jones received £32,885 (2023: £32,885) in respect to management services provided to the Trust.”
“Expenses in connection with travel and subsistence were reimbursed to 8 Trustees (2024: 8 Trustees) including pension contributions during the year and amounted to £7,534” — page 74
“Dylan Jones received £32,885 (2023: £32,885) in respect to management services provided to the Trust.”
“Expenses in connection with travel and subsistence were reimbursed to 8 Trustees (2024: 8 Trustees) including pension contributions during the year and amounted to £7,534” — page 74
Leadership, per the charity’s website
- Dr Nichola Stefanou — Chief Executive Officer
- Caroline Simoes — Executive Director
- Andrea Hayward — Executive Director
- Adam Bloor — Executive Director
- Dianne Enguita — Executive Director
- Bethan Griffiths — Executive Director
Structured financials (annual return, FY ending 31/12/2024)
Care Quality Commission ratings
- St Hugh's Hospital: Good
- Coloma Court Care Home: Outstanding
- Marie Louise House Nursing Home: Good
- Norden House: Good
Trustees
- DYLAN JONES
- Dr Michael Emad Asham Shenouda
- Faiz Shivji
- GLEN VON MALACHOWSKI
- Janis Sanders
- Lisa Jane Geary
- Mark Gerold
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £54.4m | £54.2m |
| 31/12/2023 | £50.6m | £48.6m |
| 31/12/2022 | £45.6m | £47.3m |
| 31/12/2021 | £39.0m | £40.6m |
| 31/12/2020 | £29.3m | £30.4m |
Common questions
Is THE HEALTHCARE MANAGEMENT TRUST financially healthy?
The accounts state that total income rose to £54.4 million, up from £50.6 million in 2023, although the Trust recorded a reported loss of £420,546 due to planned start-up costs for a new care home. Excluding these start-up costs, the Trust would have recorded an underlying surplus of £1,534,363, underscoring the strength of its established service portfolio. The Trustees consider the Trust's financial position to be healthy, with free reserves of £1,548,217 and sufficient resources to meet liabilities as they fall due. Its FY2024 accounts were audited by Buzzacott Audit LLP.