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: 11/10/2024
The figures used in this article are taken from the Auditor's Report for the 2012 - 2013 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 interior rooms at Vranch House) and for further investment in the Hydrotherapy Pool and the New Honeylands building.
Notes: 1. Profit is shown net of depreciation.
Notes:
1. Expenditure adjusted to show surplus net of depreciation (a non-monetary expense).
2. The Auditor's Report for 2012/13 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 continue to demonstrate performance compliance with the requirements of the joint contract and to continue to fund service objectives so that all the benchmarks are exceeded (as they were in 2013). 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 national 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 46% of the costs of the statutory services we provide. It should be noted that our statutory partners have frozen our funding at 2008 levels; that in 2014 we are embarking on a 7th year without any provision for inflation and thus that the level of contribution this charity makes to statutory services is increasing year-on-year. It is highly unlikely that this can continue.
Colonel Graeme Wheeler
Chief Executive