THE VICTORIA ALMSHOUSES
The Charity provides almshouses for the accommodation of elderly persons having a "housing need" and a strong association with the Borough of Reigate and Banstead.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net movement in funds of £77,170 for the year, driven by an unrealised investment gain of £79,588, despite an operational deficit of £2,418. The charity maintains unrestricted reserves of £1,092,356, which the trustees consider sufficient to prepare the financial statements on a going concern basis. The charity is currently in the process of converting to a Charitable Incorporated Organization.
What the accounts disclose
“The Trustees believe that it is prudent to hold at least 50% of the budgeted annual expenditure excluding major capital projects, as a general reserve (approximately £100,000).”
Trustees
- COLIN RICHARD KNOTTchair
- Andrew Peter Diggles
- Angela Schofield
- Dr Diana Bullock
- Helen Mavis Doling
- Hilary Jane Austin
- MR ROGER FAIRCLOUGH
- Philip Styan
- Rev RICHARD WILSON
- Simon John Harriss
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £225k | £228k |
| 31/12/2024 | £220k | £164k |
| 31/12/2023 | £211k | £156k |
| 31/12/2022 | £196k | £192k |
| 31/12/2021 | £179k | £183k |
Common questions
Is THE VICTORIA ALMSHOUSES financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net movement in funds of £77,170 for the year, driven by an unrealised investment gain of £79,588, despite an operational deficit of £2,418. The charity maintains unrestricted reserves of £1,092,356, which the trustees consider sufficient to prepare the financial statements on a going concern basis. The charity is currently in the process of converting to a Charitable Incorporated Organization. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ESTATE CHARITY OF WILLIAM HATCLIFFE | 1 | £1.1m |
Charities like this
- THE CITY OF LONDON ALMSHOUSES
- THE ABERFORD ALMSHOUSES
- GREENWICH CHARITY OF WILLIAM HATCLIFFE AND THE MISSES SMITH
- THRALE ALMSHOUSE AND RELIEF IN NEED CHARITY
- CHELTENHAM ALMSHOUSES & AID CIO
- ROWLAND HILL AND VAUGHAN ALMSHOUSE CHARITY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE VICTORIA ALMSHOUSES | £225k | — | 0 | unclear | — | no doubt |
| THE CITY OF LONDON ALMSHOUSES | £480k | — | 0 | above | — | no doubt |
| THE ABERFORD ALMSHOUSES | £177k | — | 0 | above | — | no doubt |
| GREENWICH CHARITY OF WILLIAM HATCLIFFE AND THE MISSES SMITH | £460k | — | 0 | unclear | — | no doubt |
| THRALE ALMSHOUSE AND RELIEF IN NEED CHARITY | £274k | — | 0 | above | — | no doubt |
| CHELTENHAM ALMSHOUSES & AID CIO | £312k | — | 0 | unclear | — | no doubt |