SYDNEY HOWARD LOVELL MEMORIAL ALMSHOUSES

Registered charity 200480 · accounts filings on the Charity Commission register · also known as LOVELL HOMES

Almshouses for retired people. Priority given to those in 'tied accommodation' upon retirement

Causes: Accommodation/housing · website · Get email alerts

Latest income
£233k
Latest spending
£214k
Registered
1961
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees

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

Operates in: Bedford

Income and spending

Financial year endIncomeSpending
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.