THE CITY OF LONDON ALMSHOUSES
Provides accommodation/housing for elderly/old people and other defined groups.
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.”
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 | unclear | — | no doubt |