SYDNEY HOWARD LOVELL MEMORIAL ALMSHOUSES
Almshouses for retired people. Priority given to those in 'tied accommodation' upon retirement
Financial health, per its FY2025 accounts
The accounts state that the Trust manages a healthy financial position with strong liquidity and total free reserves of £582,309. The Trustees confirm that assets are adequate to fulfil obligations and do not seek external funding, noting that licence receipts cover a significant part of property upkeep. While the net book value of the site is considered unrealistically low, the Trust remains content with the valuation given its endowment and charitable status.
What the accounts disclose
Trustees
- Stephen John Patrick Longchair
- Amanda Jane Beazley
- Christopher Michael Williams
- Julie Karen Saunders
- Michael Carr
- Nicholas Franey Wells
- Rachel Elizabeth Jane Saunders
- Richard Worker
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £233k | £214k |
| 31/03/2024 | £227k | £175k |
| 31/03/2023 | £220k | £195k |
| 31/03/2022 | £211k | £247k |
| 31/03/2021 | £213k | £94k |
Common questions
Is SYDNEY HOWARD LOVELL MEMORIAL ALMSHOUSES financially healthy?
Per its FY2025 accounts: The accounts state that the Trust manages a healthy financial position with strong liquidity and total free reserves of £582,309. The Trustees confirm that assets are adequate to fulfil obligations and do not seek external funding, noting that licence receipts cover a significant part of property upkeep. While the net book value of the site is considered unrealistically low, the Trust remains content with the valuation given its endowment and charitable status. Its FY2025 accounts were independently examined.