CARITAS CARE LIMITED
Financial health, per its FY2023 accounts
The accounts state that the charity incurred a deficit of £124,517 for the year ended 31 March 2023, resulting in total retained reserves of £1,635,643. The trustees acknowledge that a significant challenge in the coming year is to reduce the overall financial deficit to ensure financial stability. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“preserve a level of reserves that are neither restricted nor designated at not less than 15% of its annual expenditure; limit the level of reserves that are neither restricted nor designated to a figure of not more than 50% of its annual expenditure” — page 9
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- Caritas Care Limited - 218 Tulketh Road: Good
Trustees
- Aaron Catt
- Adam James Roberts
- Ahmad Ghiassi
- Andrew John Bennett
- Danielle Ruane
- Michael Joseph Fetherstone
- Shaun Coughlan
- Stuart David Lee
- Sulin Ratcliffe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £8.3m | £7.8m |
| 31/03/2024 | £8.1m | £7.7m |
| 31/03/2023 | £7.5m | £7.6m |
| 31/03/2022 | £7.4m | £7.2m |
| 31/03/2021 | £7.3m | £6.7m |
Common questions
Is CARITAS CARE LIMITED financially healthy?
The accounts state that the charity incurred a deficit of £124,517 for the year ended 31 March 2023, resulting in total retained reserves of £1,635,643. The trustees acknowledge that a significant challenge in the coming year is to reduce the overall financial deficit to ensure financial stability. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Wallwork Nelson & Johnson.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 02/11/2005 | £25k | "Maryport Memories" |
| The National Lottery Heritage Fund | 29/06/2004 | £147 | "The Catholic Caring Services Day Centre In Preston Have Been Awarded A Grant To Enable Them To Carry Out A Range Of Activities As Part Of T" |