PEARSONS AND ST ELIZABETHS COTTAGE HOMES
The management of almshouse accommodation in the Borough of Worthing, West Sussex.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus on ordinary activities of £109,000 for the year ended 31 March 2025, with total reserves carried forward amounting to £3,136,574. The trustees confirmed that the charity has adequate resources to continue in operational existence for at least twelve months and identified no material uncertainties regarding its going concern status. Operating costs increased significantly due to responsive repairs, particularly for damp and mould, which impacted the operating margin.
What the accounts disclose
“It is the Registered Social Landlord’s policy to retain sufficient reserves to enable ongoing maintenance of the properties, with a minimum of at least £300,000.” — page 9
“The Trust incurred management charges of £56,600 (2024: £53,900), Caretaking £20,800 (2024: £21,900), recharged service and support costs of £15,300 (2024: £31,500), and gardening costs of £10,100 (2024: £12,200) from Worthing Homes Limited during the year.” — page 28
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- WORTHING HOMES LIMITED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £511k | £401k |
| 31/03/2024 | £482k | £316k |
| 31/03/2023 | £448k | £352k |
| 31/03/2022 | £472k | £302k |
| 31/03/2021 | £480k | £262k |
Common questions
Is PEARSONS AND ST ELIZABETHS COTTAGE HOMES financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a surplus on ordinary activities of £109,000 for the year ended 31 March 2025, with total reserves carried forward amounting to £3,136,574. The trustees confirmed that the charity has adequate resources to continue in operational existence for at least twelve months and identified no material uncertainties regarding its going concern status. Operating costs increased significantly due to responsive repairs, particularly for damp and mould, which impacted the operating margin. Its FY2025 accounts were audited by Sumer Audit.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE F GLENISTER WOODGER TRUST CIO | 2 | £72k |
| THE BASSIL SHIPPAM AND ALSFORD TRUST | 2 | £52k |
| MIND (THE NATIONAL ASSOCIATION FOR MENTAL HEALTH) | 1 | £3.8m |
| EAST HEAD IMPACT | 1 | £170k |
| THOMAS POCKLINGTON TRUST | 1 | £26k |
| THE BOLTINI TRUST | 1 | £26k |
| THE LAWSON TRUST CIO | 1 | £15k |
| THE PIXEL FUND | 1 | £5k |
Charities like this
- QUEEN ELIZABETH ALMSHOUSES
- West Sussex Mind
- HENRY BURTON ALMSHOUSE CHARITY
- THE VICTORIA ALMSHOUSES
- ADUR AND WORTHING TRUST LIMITED
- DONNINGTON HOUSE CARE HOME LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| PEARSONS AND ST ELIZABETHS COTTAGE HOMES | £511k | — | 0 | unclear | — | no doubt |
| QUEEN ELIZABETH ALMSHOUSES | £119k | — | — | unclear | — | no doubt |
| West Sussex Mind | £3.6m | — | — | unclear | — | no doubt |
| HENRY BURTON ALMSHOUSE CHARITY | £183k | — | 0 | unclear | — | no doubt |
| THE VICTORIA ALMSHOUSES | £225k | — | 0 | unclear | — | no doubt |
| ADUR AND WORTHING TRUST LIMITED | £100k | — | 0 | unclear | — | no doubt |