BROOKVALE
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net reduction in funds of £422,806 for the year, driven by charitable expenditure exceeding income by over £1m, despite significant gains on investment revaluations. Per the trustees' report, free reserves stood at £2,171,226, which is below the stated policy target of two years' running costs, though the trustees maintain the overall financial position remains healthy.
What the accounts disclose
“Our free reserves at year end stand at £2,171,226. This represents approximately 6 months of current annual expenditure on charitable activities and is below the target level of 2 years' full running costs per above.” — page 6
“This property is now rented to Ms G McHugh (Registered Manager), given its close proximity to Brookvale.”
“Another of the investment properties is rented to Mr G Richmond (Director of Services).”
“This property is now rented to Ms G McHugh (Registered Manager), given its close proximity to Brookvale.”
“Another of the investment properties is rented to Mr G Richmond (Director of Services).”
Structured financials (annual return, FY ending 31/12/2024)
Care Quality Commission ratings
- Brookvale - Prestwich: Good
Trustees
- DANIEL SAVAGEchair
- Amos Waldman
- Andrew Krauza
- Lee Taylor
- STEPHEN POLLOCK
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.7m | £4.4m |
| 31/12/2023 | £3.5m | £4.2m |
| 31/12/2022 | £3.5m | £4.0m |
| 31/12/2021 | £3.6m | £3.5m |
| 31/12/2020 | £3.4m | £3.6m |
Common questions
Is BROOKVALE financially healthy?
The accounts state that the charity reported a net reduction in funds of £422,806 for the year, driven by charitable expenditure exceeding income by over £1m, despite significant gains on investment revaluations. Per the trustees' report, free reserves stood at £2,171,226, which is below the stated policy target of two years' running costs, though the trustees maintain the overall financial position remains healthy. Its FY2024 accounts were audited by Barlow Andrews LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| RICHMOND TRUST FUND | 2 | £94k |
| WOODLANDS GREEN LTD | 2 | £26k |
| FRIENDS OF WIZNITZ LIMITED | 1 | £335k |
| SF FOUNDATION | 1 | £209k |
| GILMOOR BENEVOLENT FUND LIMITED | 1 | £154k |
| CMZ LTD | 1 | £137k |
| NES FOUNDATION LTD | 1 | £112k |
| ACHISOMOCH AID COMPANY LIMITED | 1 | £106k |