Vranch House is a centre for the treatment of over 2,000 outpatients with physical difficulties, a provider of various therapies throughout Devon and an independent Day School in Exeter for children with significant physical difficulties.
Find out more...Last updated: 30/11/2023
The figures used in this article are taken from the Auditor's Report for the 2011 - 2012 Financial Year. The headline financial news is included in the report of the Directors and Trustees but the following financial information is worth high lighting:
The Trustees agreed a programme of capital investments for the Financial Year which provided for continuing maintenance of the Vranch House estate (mostly for rebuilding the plant in the hydrotherapy pool), for further investment in the New Honeylands building and finalisation of the purchase of the title.
Notes: 1. Profit is shown net of depreciation.
Notes: 1. The Auditor's Report for 2011/12 is available on request at a cost of £2.00 per copy but may be viewed at no cost but by prior arrangement at Vranch House or on the Charity Commission website at www.charitycommission.gov.uk.
The charity's strategic objective for the next five years is to embody and develop the new partnership with Devon County Council and NHS Devon. The immediate objective is to demonstrate performance compliance with the requirements of the joint contract and then to so develop service objectives that all the benchmarks are exceeded. In the longer term, the Charity aims to continue development of its services, continue the investment programme by further developing charitable income and work with its partners to respond to financial retrenchment by adaptive working practises. Our long established financial policy of holding reserves amounting to no less than a year's operating costs has proved its worth on many occasions. Given the uncertainty and instability of the financial markets and the continued imperative of fiscal discipline we intend to maintain and further develop this reserve. The policy of not charging capital costs in any of our contracts forms the basis of our charitable benefit by contributing significantly to the 40% of the costs of the statutory services we provide.
Graeme Wheeler
Chief Executive