THORNER'S HOMES

Registered charity 1189291 · accounts filings on the Charity Commission register

The provision of almshouse accommodation for poor widows and single women aged 55 or over; who require such accommodation due to poverty, financial hardship or other charitable need.

Causes: Disability · The Prevention Or Relief Of Poverty · Accommodation/housing · website · Get email alerts

Latest income
£989k
Latest spending
£1.2m
Registered
2020
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a deficit of £151,411 for the year ended 31 December 2024, with unrestricted funds totaling £15,055,326. The trustees maintain a going concern basis, projecting a further deficit of £471,291 for the following year, which would reduce funds to £14,584,035. The audit confirms no material uncertainties exist regarding the charity's ability to continue operational existence.

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

What the accounts disclose

Accounts audited by HWB Chartered Accountants. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£989k
Total spending
£1.2m
Cost of raising funds
£5k
Reserves (reported)
£1.6m
Employees
7

Reported reserves equal ~16.6 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

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Trustees · trustee networks

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

Operates in: Southampton City

Income and spending

Financial year endIncomeSpending
31/12/2024£989k£1.2m
31/12/2023£3.0m£1.1m
31/12/2022£708k£814k
31/12/2021£694k£760k
31/12/2020£0£0

Common questions

Is THORNER'S HOMES financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a deficit of £151,411 for the year ended 31 December 2024, with unrestricted funds totaling £15,055,326. The trustees maintain a going concern basis, projecting a further deficit of £471,291 for the following year, which would reduce funds to £14,584,035. The audit confirms no material uncertainties exist regarding the charity's ability to continue operational existence. Its FY2024 accounts were audited by HWB Chartered Accountants.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
UK government29/01/2024£476kAffordable Housing Grant
UK government29/01/2024£49kAffordable Housing Grant
UK government01/04/2020£1.6mAffordable Housing Grant