JAMES SMITH'S ALMSHOUSE CHARITY
The Almshouse Trust provides accommodation for elderly people on limited income and provides well-being support and benefit in such a manner as the Trustees think fit from time to time.
Financial health, per its FY2025 accounts
The accounts state that free reserves were £545,054, which falls within the Trustee's stated policy target of between £0.35million and £0.75million. The charity reported a net operating surplus of £14,571 and total net assets of £1,065,786, with no material uncertainties identified regarding its ability to continue as a going concern.
What the accounts disclose
“The Trustee believes it is appropriate to hold reserves of between £0.35million and £0.75million to fulfil their obligations to residents should there be a fall in the income of the Charity or a sudden need for major expenditure.”
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £88k | £73k |
| 30/06/2024 | £78k | £79k |
| 30/06/2023 | £62k | £62k |
| 30/06/2022 | £77k | £57k |
| 30/06/2021 | £72k | £71k |
Common questions
Is JAMES SMITH'S ALMSHOUSE CHARITY financially healthy?
Per its FY2025 accounts: The accounts state that free reserves were £545,054, which falls within the Trustee's stated policy target of between £0.35million and £0.75million. The charity reported a net operating surplus of £14,571 and total net assets of £1,065,786, with no material uncertainties identified regarding its ability to continue as a going concern. Its FY2025 accounts were audited by Saffery LLP.