THE FINCH ALMSHOUSES, RAVENSTONE
The provision of almshouse accommodation.
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £1,984,730, comprising freehold property, cash, and investments less a Charity Bank mortgage. The trustees report adequate resources to continue operations for the foreseeable future, adopting the going concern basis of accounting. The charity's principal income sources are weekly maintenance contributions from residents and investment income.
What the accounts disclose
“The Charity’s principal sources of income are the Weekly Maintenance Contributions received from Residents and, to a lesser extent, the investment income on quoted investments.”
“The Charity requires sufficient realisable reserves to cover (1) day to day costs of maintaining and operating the almhouses (2) provision for reactive repairs and unplanned maintenance and (3) cyclical maintenance plans.”
Property (HM Land Registry)
Trustees
- ABIGAIL WHITEchair
- DEBORAH SAUNDERS
- GLYNIS BAILEY
- George Finch
- RICHARD MACGOWAN
- Revd Canon CHRISTA PUMFREY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £260k | £23k |
| 31/03/2024 | £18k | £10k |
Common questions
Is THE FINCH ALMSHOUSES, RAVENSTONE financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £1,984,730, comprising freehold property, cash, and investments less a Charity Bank mortgage. The trustees report adequate resources to continue operations for the foreseeable future, adopting the going concern basis of accounting. The charity's principal income sources are weekly maintenance contributions from residents and investment income. Its FY2025 accounts were independently examined.