MAYNARD AND COTTON'S HOSPITAL

Registered charity 1161927 · accounts filings on the Charity Commission register · also known as M&C HOSPITAL

to provide accommodation for twelve residents in almshouse unites together with the provision of utility services for these dwellings. The criteria for residency is that the applicants must be of modest means and to live or work in the area administered by Canterbury City Council or, who in the opinion of the trustees, have strong links to this area.

Objects

THE RELIEF OF FINANCIAL HARDSHIP AMONG PEOPLE LIVING OR WORKING WITHIN THE AREA ADMINISTERED BY CANTERBURY CITY COUNCIL IN THE COUNTY OF KENT, OR WHO IN THE OPINION OF THE TRUSTEES HAVE STRONG LINKS TO THIS AREA, IN PARTICULAR, BY PROVIDING SUCH PERSONS WITH ALMSHOUSE ACCOMMODATION AND FINANCIAL SUPPORT THROUGH THE PROVISION OF UTILITIES WHICH THEY COULD NOT OTHERWISE AFFORD THROUGH LACK OF MEANS.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Accommodation/housing · Get email alerts

Latest income
£89k
Latest spending
£90k
Registered
2015
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £1,930,871, an increase from the previous year's £1,891,251. The charity reported a small operating deficit of £594 before investment revaluations, which were offset by net gains on investments of £40,214. Trustees confirmed adequate resources are available to meet obligations for at least the next twelve months.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Residents' Accomodation (66% of income)
“Residents' Accomodation 59,005” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: to help finance the maintenance and repair of the almshouses for the ongoing benefit of the residents (held: £1.9m)
“Reserves are maintained to help finance the maintenance and repair of the almshouses for the ongoing benefit of the residents.” — page 3
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Payable to Canterbury United Municipal Charities, where Trustees are also Trustees.
“Included in Creditors amounts falling due within one year is £13,675 (2023 £13,675) which was payable to the Charity, Canterbury United Municipal Charities. The Trustees are also Trustees of this Charity.” — page 16
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Trustees · trustee networks

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

Operates in: Kent

Income and spending

Financial year endIncomeSpending
31/12/2024£89k£90k
31/12/2023£90k£90k
31/12/2022£66k£58k
31/12/2021£79k£53k
31/12/2020£85k£54k

Common questions

Is MAYNARD AND COTTON'S HOSPITAL financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £1,930,871, an increase from the previous year's £1,891,251. The charity reported a small operating deficit of £594 before investment revaluations, which were offset by net gains on investments of £40,214. Trustees confirmed adequate resources are available to meet obligations for at least the next twelve months. Its FY2024 accounts were independently examined.