THE ROYAL ALBERT AND ST SWITHUN'S HOMES
Almshouses accomodation.
Latest income
£201k
Latest spending
£183k
Registered
1967
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds total £658,162, which is above the charity's stated policy target of £300,000 to £400,000. The charity reports a net incoming resource of £99,494 for the year, driven by investment gains, and holds total reserves of £1,461,134.
What the accounts disclose
Reserves policy: two to three years of unrestricted expenditure (held: £658k)
“It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which provides sufficient funds to cover resources expended for approximately two to three years, which equates to between £300,000 and £400,000” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Property (HM Land Registry)
Trustees
- WILLIAM JAMES SIMPSON MBEchair
- Caroline Jane Fitzmaurice
- MARTIN ARMSDEN THOMAS
- MIKE ELLISON
- Sandra Bannister
- Sheila Major
- Steve John MacKay
- Timothy John Clarke Mr
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £201k | £183k |
| 31/12/2023 | £170k | £185k |
| 31/12/2022 | £165k | £202k |
| 31/12/2021 | £160k | £163k |
| 31/12/2020 | £158k | £119k |
Common questions
Is THE ROYAL ALBERT AND ST SWITHUN'S HOMES financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds total £658,162, which is above the charity's stated policy target of £300,000 to £400,000. The charity reports a net incoming resource of £99,494 for the year, driven by investment gains, and holds total reserves of £1,461,134. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JOHN SWIRE 1989 CHARITABLE TRUST | 1 | £50k |
| THE FRANCIS WINHAM FOUNDATION | 1 | £21k |
| COVENTRY CHURCH (MUNICIPAL) CHARITIES | 1 | £14k |
| THE WILLIAM DELAFIELD CHARITABLE TRUST | 1 | £10k |
| THE LESLIE MARY CARTER CHARITABLE TRUST | 1 | £5k |
| ANSON CHARITABLE TRUST | 1 | £2k |
| LILIAN FRANCES HIND BEQUEST (TRUSTEES OF LADY HIND) | 1 | £1k |
| CORDWAINERS CHARITABLE TRUST | 1 | £200 |
Charities like this
- MANNING AND ANDERDON ALMSHOUSES
- W H SAUNDERS & FRANK WAREHAM CHARITY
- The Almshouse Association
- SLOSWICKE'S ALMSHOUSE CHARITY
- THE HENRY PINNOCK AND VICTORIA AND ALBERT MEMORIAL CHARITY
- ASHBOURNE ALMSHOUSE CHARITY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ROYAL ALBERT AND ST SWITHUN'S HOMES | £201k | — | 0 | unclear | — | no doubt |
| MANNING AND ANDERDON ALMSHOUSES | £109k | — | 0 | unclear | — | no doubt |
| W H SAUNDERS & FRANK WAREHAM CHARITY | £154k | — | 0 | unclear | — | no doubt |
| The Almshouse Association | £1.3m | £100,001 - £110,000 | — | below | — | no doubt |
| SLOSWICKE'S ALMSHOUSE CHARITY | £243k | — | — | unclear | — | no doubt |
| THE HENRY PINNOCK AND VICTORIA AND ALBERT MEMORIAL CHARITY | £3.8m | £70,001 - £80,000 | — | within | — | no doubt |