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.
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”
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.