CROFT CARE TRUST
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £4,104,231, which the Trustees consider sufficient to ensure operation for one year in the event of a significant drop in funding. The charity reported a net decrease in funds of £108,600 for the year, driven by a deficit on charitable activities, though it maintains a significant investment portfolio to assist with running costs. The auditor confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future with no material uncertainties identified.
What the accounts disclose
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- The Croft Nursing Home (Barrow): Good
Trustees
- AVIS MARGARET EDMONDSONchair
- Carol Shirley
- Colette Hibbert
- Neil Ward
- PHILLIP JOHN HEATH
- Sarah Edmondson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.6m | £2.7m |
| 31/03/2024 | £2.8m | £2.9m |
| 31/03/2023 | £2.5m | £2.5m |
| 31/03/2022 | £2.3m | £2.4m |
| 31/03/2021 | £2.0m | £2.0m |
Common questions
Is CROFT CARE TRUST financially healthy?
The accounts state that unrestricted reserves stood at £4,104,231, which the Trustees consider sufficient to ensure operation for one year in the event of a significant drop in funding. The charity reported a net decrease in funds of £108,600 for the year, driven by a deficit on charitable activities, though it maintains a significant investment portfolio to assist with running costs. The auditor confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future with no material uncertainties identified. Its FY2023 accounts were audited by JL Winder & Co.