CITY OF WELLS ALMSHOUSES

Registered charity 1040554 · accounts filings on the Charity Commission register · also known as WELLS OLD ALMSHOUSES

To provide affordable housing for older residents of The City of Wells or people with a strong connection to the City, who are unable to satisfy their own housing need with the resources available to them.

Causes: Accommodation/housing · website · Get email alerts

Financial health, per its FY2026 accounts

The accounts state that free reserves fell to £126,525, which is below the charity's stated prudent range of £250,000 to £500,000, primarily due to unrealised losses on its investment portfolio. Despite this drop, the trustees and auditors confirm the charity remains a going concern with adequate cash resources and no loans, expressing confidence that investment losses will reverse over time.

Automated summary of the FY2026 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts audited by Burton Sweet Limited. Discloses 5 of 6 completeness components.

Year-over-year changes

• Reserves position vs the charity's own policy moved from "within" (FY2025) to "below" (FY2026).

Comparing this charity’s FY2025 and FY2026 accounts as analysed by this site.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

• The Heritage Lottery Fund — “We thank The Heritage Lottery Fund” (source page)
• The National Lottery Heritage Fund — “We want to again offer special thanks to The National Lottery Heritage Fund for its grant to us, made possible with National Lottery players…” (source page)

Structured financials (annual return, FY ending 31/03/2025)

Reported reserves equal ~121.6 months of spending — in the top quarter for charities its size (median 7.1 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (46% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (2.9%) (benchmarks).

Trustees · trustee networks

• City of Wells Almshouses CIO

Trustee list from the Charity Commission register (current, not historical).

Operates in: Somerset

Income and spending

Common questions