THE CITY OF LONDON ALMSHOUSES
Provides accommodation/housing for elderly/old people and other defined groups.
Objects
Provision of almshouses for persons who are in need by reason of poverty financial hardship or old age. In appointing residents of the almshouses belonging to the Charity the Trustee shall give preference to Freemen of the City of London or their wives, husbands, civil partners, widows, widowers, sons or daughters. Upon the death or setting aside of the appointment of one of a married couple or one partner in a civil partnership of residents the Trustee may permit the other of them to remain a resident of the Charity and to continue in occupation of the Almshouse theretofore occupied by the married couple or civil partners or to occupy such other room or rooms as those Trustee [sic] allot or those Trustee [sic] may set aside his or her appointment.
Financial health, per its FY2025 accounts
The accounts state that total income increased to £418,099, while total charitable expenditure rose to £517,281, resulting in a net decrease in total funds of £37,105. The charity holds unrestricted funds of £1,764,404, with free reserves of £858,000, which the trustees consider well above the minimum policy requirement of £2,800. The auditor confirmed that the financial statements are prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“The Trustee has revised its policy in 2020/21 to meet future working capital needs. The Trustee believes that a minimum amount of £2,800 should be held at present, which will be subject to annual review.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £480k | £517k |
| 31/03/2024 | £312k | £431k |
| 31/03/2023 | £326k | £349k |
| 31/03/2022 | £326k | £223k |
| 31/03/2021 | £354k | £270k |
Common questions
Is THE CITY OF LONDON ALMSHOUSES financially healthy?
Per its FY2025 accounts: The accounts state that total income increased to £418,099, while total charitable expenditure rose to £517,281, resulting in a net decrease in total funds of £37,105. The charity holds unrestricted funds of £1,764,404, with free reserves of £858,000, which the trustees consider well above the minimum policy requirement of £2,800. The auditor confirmed that the financial statements are prepared on a going concern basis with no material uncertainties identified. Its FY2025 accounts were audited by Crowe U.K. LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ESTATE CHARITY OF WILLIAM HATCLIFFE | 1 | £1.1m |
| THE EDWARD CADBURY CHARITABLE TRUST | 1 | £10k |
Charities like this
- THE DRAPERS' ALMSHOUSE CHARITY
- FOORD ALMSHOUSES
- THE ABERFORD ALMSHOUSES
- GREENWICH CHARITY OF WILLIAM HATCLIFFE AND THE MISSES SMITH
- CHELTENHAM ALMSHOUSES & AID CIO
- THE JAMES LLOYD ALMSHOUSES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE CITY OF LONDON ALMSHOUSES | £480k | — | 0 | above | — | no doubt |
| THE DRAPERS' ALMSHOUSE CHARITY | £1.6m | — | 0 | above | — | no doubt |
| FOORD ALMSHOUSES | £696k | — | 0 | above | — | no doubt |
| THE ABERFORD ALMSHOUSES | £177k | — | 0 | above | — | no doubt |
| GREENWICH CHARITY OF WILLIAM HATCLIFFE AND THE MISSES SMITH | £460k | — | 0 | unclear | — | no doubt |
| CHELTENHAM ALMSHOUSES & AID CIO | £312k | — | 0 | above | — | no doubt |