THE EDEN COTTAGES TRUST
Charity owners and operates an almshouse in Ivybridge on the outskirts of Plymouth City, Devon for the benefit of the elderly.
Objects
THE PROVISION OF ALMSHOUSES FOR POOR PERSONS WHO ARE MEMBERS OF THE CHURCH OF ENGLAND. A PREFERENCE MUST BE GIVEN TO WOMEN APPLICANTS.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £3,350 for the year ended 31 December 2025, primarily due to investment income falling short of targets and reduced maintenance contributions from a vacant property. Despite this deficit, the charity holds total unrestricted funds of £888,661, with an accumulated income account balance of £46,604 and a designated extraordinary repair fund of £39,832. The trustees confirm that internal controls are strictly adhered to and that no funds are in deficit.
What the accounts disclose
“The Charity's main source of funding is its investment income, which was 62% of total income” — page 6
“The Trust's policy is to transfer 20% of any annual surplus into this reserve until a maximum of £50,000 is reached”
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- 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
Trustees
- Dennis Venn
- JANE ELIZABETH GENT
- Richard George Coombs
- Sharon Kathleen Austen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £29k | £33k |
| 31/12/2024 | £32k | £35k |
| 31/12/2023 | £31k | £26k |
| 31/12/2022 | £39k | £21k |
| 31/12/2021 | £34k | £34k |
Common questions
Is THE EDEN COTTAGES TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £3,350 for the year ended 31 December 2025, primarily due to investment income falling short of targets and reduced maintenance contributions from a vacant property. Despite this deficit, the charity holds total unrestricted funds of £888,661, with an accumulated income account balance of £46,604 and a designated extraordinary repair fund of £39,832. The trustees confirm that internal controls are strictly adhered to and that no funds are in deficit. Its FY2025 accounts were independently examined.