League of Hospital Friends - Inverclyde
Latest income
£401k
Latest spending
£373k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a surplus of £28,072 for the year ended 30 September 2024, with total unrestricted funds increasing to £133,738. The trustees confirm the charity is a going concern, citing strong cashflow and increased turnover that they believe can be comfortably maintained. Reserves are held at a level not less than three months of unrestricted expenditure, consistent with the charity's stated policy.
What the accounts disclose
Related-party transaction: Grant received from Inverclyde Council for 50% of patient transport costs.
“The charity receives a grant from Inverclyde Council of 50% of the cost of transportation of patients to hospital, one of the other projects of the charity.” — page 4
Per FY2025 accounts as filed with OSCR.