PRAMACARE
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £275,671 for the year ended 31 March 2024, driven by strong charity shop performance and legacies, despite a reduction in domiciliary care hours. Unrestricted reserves stood at £703,599, which is above the trustees' stated minimum policy target of £475,000, providing a buffer against challenging market conditions.
What the accounts disclose
“Following a full review of the reserves policy during 2020/21 the trustees considered it prudent to maintain a minimum reserve of £475,000 in this respect.” — page 8
“Mr E Adamson is a trustee of Pramacare and is also a designated member of Lester Aldridge. During the year Pramacare paid £4,208 for professional legal services provided by Lester Aldridge. Mr E Adamson was not involved in the transactions, and these were at arm’s length.” — page 36
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- Pramacare: Good
Register events
- Received assets from another charity (22/12/2020)
- Received assets from another charity (07/07/2016)
Trustees
- Norma Leechair
- EDWARD THOMAS OLIVER ADAMSON
- Robert Julian Pringle
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.6m | £3.7m |
| 31/03/2024 | £4.0m | £3.7m |
| 31/03/2023 | £3.3m | £3.5m |
| 31/03/2022 | £3.8m | £3.7m |
| 31/03/2021 | £4.0m | £3.7m |
Common questions
Is PRAMACARE financially healthy?
The accounts state that the charity reported a surplus of £275,671 for the year ended 31 March 2024, driven by strong charity shop performance and legacies, despite a reduction in domiciliary care hours. Unrestricted reserves stood at £703,599, which is above the trustees' stated minimum policy target of £475,000, providing a buffer against challenging market conditions. Its FY2024 accounts were audited by Saffery LLP.