JOHN BOWLEY AND SHERWOOD ALMSHOUSES
The Charity provides low cost housing for retired people with a low income that live in Folkestone.
Financial health, per its FY2025 accounts
The charity reported a surplus for the year and holds total reserves of £762,180, which includes designated funds for repairs. The trustees maintain a reserves policy to hold funds equivalent to at least one month's income to meet unforeseen expenditure. The accounts were prepared on a going concern basis with no material uncertainties identified by the auditors.
What the accounts disclose
“Weekly maintenance contributions 133,373” — page 22
“The charity maintains reserve funds to meet unforeseen expenditure at least equivalent to one month's income.”
“Two trustees received reimbursement of expenses during the year totalling £87 (2024 - £80). At 31 December 2025, four trustees were councillors of Folkestone Town Council. All transactions with Folkestone Town Council were on an arms length basis, and none of the trustees were able to use their position to their advantage.” — page 24
Trustees
- THOMAS MCNEICEchair
- COUNCILLOR Roger West
- David Burton
- Jennifer Todd
- Lucy McGirr
- Neil Jones
- Paul Bingham Cllr
- ROSEMARY IRENE BRAID
- Rebecca Shoob
- Richard Wallace
- Stephen Ind
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £139k | £124k |
| 31/12/2024 | £122k | £119k |
| 31/12/2023 | £114k | £109k |
| 31/12/2022 | £107k | £83k |
| 31/12/2021 | £100k | £68k |
Common questions
Is JOHN BOWLEY AND SHERWOOD ALMSHOUSES financially healthy?
Per its FY2025 accounts: The charity reported a surplus for the year and holds total reserves of £762,180, which includes designated funds for repairs. The trustees maintain a reserves policy to hold funds equivalent to at least one month's income to meet unforeseen expenditure. The accounts were prepared on a going concern basis with no material uncertainties identified by the auditors. Its FY2025 accounts were audited by Magee Gammon Corporate Limited.