THE SOUTH MOLTON COTTAGE HOMES
South Molton Cottage Homes provides accommodation for elderly people who have lived in the area for at least 5 years. There are eight cottages, 4 for single occupancy and 4 for couples. All are occupied at the present time.
Objects
THE PROVISION OF HOMES FOR POOR SINGLE PERSONS OF AT LEAST 60 YEARS OF AGE AND POOR MARRIED COUPLES AT LEAST ONE OF WHOM SHALL BE AT LEAST 60 YEARS OF AGE AND WHO(EXCEPT IN SPECIAL CASES TO BE APPROVED BY THE CHARITY COMMISSIONERS) ARE TO BE INHABITANTS OF THE AREA OF BENEFIT
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves decreased from £238,930 to £226,353, resulting in a net outgoing of resources of £57,353 against income of £44,434. The trustees report that the charity is in a good financial state and has adequate resources to continue in operational existence for the foreseeable future. No specific reserves policy target is stated, only a general intention to maintain reserves for unforeseen circumstances and major works.
What the accounts disclose
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- MR STEVE WHITEchair
- LYN WINTER
- MR CLAUDE SQUIRE
- PAUL JOHN HENDERSON
- Rev Dr Frederick Michael Grandey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £45k | £57k |
| 31/03/2024 | £68k | £18k |
| 31/03/2023 | £41k | £25k |
| 31/03/2022 | £40k | £18k |
| 31/03/2021 | £36k | £29k |
Common questions
Is THE SOUTH MOLTON COTTAGE HOMES financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves decreased from £238,930 to £226,353, resulting in a net outgoing of resources of £57,353 against income of £44,434. The trustees report that the charity is in a good financial state and has adequate resources to continue in operational existence for the foreseeable future. No specific reserves policy target is stated, only a general intention to maintain reserves for unforeseen circumstances and major works. Its FY2025 accounts were independently examined.