EXETER HOMES TRUST

Registered charity 201530 · accounts filings on the Charity Commission register · also known as ALMSHOUSE BRANCH, EXETER MUNICIPAL CHARITIES, EXETER MUNICIPAL CHARITY

Provision of housing for people who in the judgement of the Trustees are of limited means financially, who are aged 55 and over and who live or have lived in Exeter or within a 10 mile radius, although exceptionally the Trustees may appoint a person living outside the area of benefit but otherwise qualified.

Causes: Accommodation/housing · website · Get email alerts

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit of £35,565 for the year ended 31 December 2024, driven by significant investment in the Grendon Road project and a loss on the disposal of fixed assets. Despite this deficit, the charity remains solvent with total net assets of £9,624,404 and unrestricted free reserves of £130,434, which are below the stated policy target of six months' expenditure. The trustees expect reserves to increase in 2025 due to higher occupancy levels and reduced capital expenditure forecasts.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts audited by Streets Audit LLP. Discloses 4 of 6 completeness components.

Property (HM Land Registry)

7 registered titles in England and Wales held by the charity’s company or corporate body (6 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook

Structured financials (annual return, FY ending 31/12/2025)

Reported reserves equal ~2.3 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (94% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.5% of total income — below the median for charities its size (4.9%) (benchmarks).

Register events

• Received assets from another charity (01/02/2013) — per the register’s event history; asset transfers typically record mergers or reorganisations.
• Received assets from another charity (01/02/2013) — per the register’s event history; asset transfers typically record mergers or reorganisations.
• Received assets from another charity (01/02/2013) — per the register’s event history; asset transfers typically record mergers or reorganisations.
• Received assets from another charity (01/02/2013) — per the register’s event history; asset transfers typically record mergers or reorganisations.
• Received assets from another charity (01/02/2013) — per the register’s event history; asset transfers typically record mergers or reorganisations.

Trustees · trustee networks

• Exeter Homes Trust Limited · trustee of 2 other charities

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

Operates in: Devon

Income and spending

Common questions