BARNSTAPLE ALMSHOUSES
(1) The provision of housing for persons who are in need, financial hardship or distress;(2) Such exclusively charitable purposes for the benefit of the Beneficiaries or a sufficient section of them as the charity trustees decide;(3) The relief, either generally or individually of persons resident in the Area of benefit who are in conditions of need, hardship or distress, by making grants.
Financial health, per its FY2025 accounts
The accounts state that the charity remains financially secure and consistently meets its objectives, with unrestricted funds totaling £473,649. The trustees report that income is not expected to materially fluctuate and the charity meets regular expenditure as it falls due. However, the majority of assets are held in endowment funds and buildings, which are not available for general expenditure.
What the accounts disclose
“It is the policy of the Trustees to maintain an unrestricted fund balance of at least six months routine expenses to accommodate any shortfall in regular funding, this equates to approximately £70,000.” — page 8
“During the year the charity purchased goods totalling £88 (2024: £145) from Value House Stores Limited, a company in which Mike Ford is a director.” — page 26
Property (HM Land Registry)
Register events
- Received assets from another charity (13/07/2020)
- Received assets from another charity (10/07/2020)
- Received assets from another charity (07/07/2020)
Trustees
- Alan Rennleschair
- David Clapp
- Dean Mark Warmington
- Dr Richard Beer
- Edmund Dymond FBM
- Gabriel Harry Palmer
- Janet Ann Coates Cllr
- Michael Ford
- Patricia Arthur
- Raymond Saunders
- Samantha Smaldon
- Val Elkins
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £225k | £249k |
| 30/06/2024 | £213k | £105k |
| 30/06/2023 | £190k | £117k |
| 30/06/2022 | £206k | £125k |
| 30/06/2021 | £175k | £184k |
Common questions
Is BARNSTAPLE ALMSHOUSES financially healthy?
Per its FY2025 accounts: The accounts state that the charity remains financially secure and consistently meets its objectives, with unrestricted funds totaling £473,649. The trustees report that income is not expected to materially fluctuate and the charity meets regular expenditure as it falls due. However, the majority of assets are held in endowment funds and buildings, which are not available for general expenditure. Its FY2025 accounts were independently examined.