WILLIAM LOVETT'S ALMSHOUSE CHARITY
The charity owns and rents 6 almshouses to suitably qualified residents, as determined by the charity's constitution. It also owns adjacent and surrounding land on which the almshouses are situated, the residual portion of which is set aside as a multi-purpose village amenity.
Financial health, per its FY2025 accounts
The charity reported a strong financial position with total reserves of £589,691.12, significantly exceeding its stated policy target of £60,000. The accounts state that there are no currently outstanding liabilities, and the trustees confirmed that funding for the new almshouse project is fully in place, requiring little or no recourse to reserves. The charity achieved an acceptable surplus from almshouse activities and maintained adequate cash flow to meet ongoing project costs.
What the accounts disclose
“the trustees determined when approving the business plan and giving the go ahead for the new almshouses project that reserves should not fall below £60,000, in cash or investments.” — page 2
Property (HM Land Registry)
Register events
- Received assets from another charity (06/02/2023)
- Received assets from another charity (14/09/2021)
Trustees
- Charles Edward Porterchair
- Anne Edith Hopwell
- Deborah Judith Lole
- Dr Wendy Jennifer Raybould
- Ian Richard Litchfield
- Imogen Jane Tansley
- Kenneth Brand
- Melvyn Robert Griffiths
- SIR RICHARD TILT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £491k | £49k |
| 31/03/2024 | £46k | £53k |
| 31/03/2023 | £50k | £59k |
| 31/12/2021 | £26k | £19k |
| 31/12/2020 | £26k | £27k |
Common questions
Is WILLIAM LOVETT'S ALMSHOUSE CHARITY financially healthy?
Per its FY2025 accounts: The charity reported a strong financial position with total reserves of £589,691.12, significantly exceeding its stated policy target of £60,000. The accounts state that there are no currently outstanding liabilities, and the trustees confirmed that funding for the new almshouse project is fully in place, requiring little or no recourse to reserves. The charity achieved an acceptable surplus from almshouse activities and maintained adequate cash flow to meet ongoing project costs. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 01/04/2023 | £13k | EWCO 167 21_22 William Lovett's Almshouses Charity Woodland |