Being Financially Robust

Since we “spun out” of the NHS and formed Provide Community Interest Company (CIC) in April 2011, we have consistently delivered our financial targets as an organisation.

The 2021-22 financial year was no different, and saw the group exceed all of the financial challenges we set ourselves. In the first year of a three-year corporate strategy, which included some very bold financial targets, we saw:

The financial environment that we operate in remained very challenging in 2021-22, with continued disruption of services caused by the COVID-19 pandemic, and significant demands on services, both as a result of COVID-19 and due to increasing waiting lists caused by the disruption of services. Despite all of this, the three key indicators of our financial performance (above) demonstrate that Provide Community Interest Company remains strong financially, and this is testament to every colleague that works in the group of companies.

As a CIC, we use our profits to support the services that we provide and the communities that we serve. As a result of this strong financial performance, we will continue to improve services and donate more money to communities.

Income exceed our £70m target by around £5m (7%), representing growth of 15% on the previous year; Profits of £0.65m delivered which is in line with plans; Charitable giving of £352k against a target of £300k.