MARSHFIELD CONSOLIDATED CHARITIES
Almshouses providing affordable accommodation for local elderly people
Objects
1)THE COST OF REPAIRS AND INSURANCE,AND ALL OTHER CHARGES AND OUTGOINGS PAYABLE IN RESPECT OF THE PROPERTY OF THE CHARITIES,AND ALL THE PROPER COSTS,CHARGES,AND EXPENSES OF AND INCIDENTAL TO THE ADMINISTRATION AND MANAGEMENT OF THE CHARITIES,SHALL BE FIRST DEFRAYED BY THE TRUSTEES OUT OF THE INCOME THEREOF 2)THE TRUSTEES SHALL OUT OF THE SAID INCOME APPLY A YEARLY SUM OF ú5 IN FORMING A FUND FOR APPRENTICING A DESERVING AND NECESSITOUS BOY RESIDENT IN THE PARISH OF MARSHFIELD 3)SUBJECT TO THE PAYMENTS AFORESAID THE TRUSTEES SHALL APPLY THE INCOME OF THE CHARITIES FOR THE BENEFIT OF THE ALMSPEOPLE OF THE CHARITIES OR ANY OF THEM IN SUCH MANNER AS THE TRUSTEES THINK FIT FROM TIME TO TIME
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £31,516 for the year ended 31 December 2024, an improvement from the previous year's deficit. The trustees maintain a reserves policy targeting a minimum balance of £20,000, with actual unrestricted reserves significantly exceeding this at £624,918. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Maintenance contributions receivable 41,946” — page 11
“The Trustees budget to set aside reserves according to the Almshouse Association's recommendations and will maintain a minimum balance of £20,000 for the upkeep of the buildings.” — page 6
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
Trustees
- RODNEY ARTINGSTALLchair
- Andrew Mervyn Pierce
- DIANA MARY HAMMOND
- JILLIAN RUTH DOWN
- Paul Benjamin Spencer White
- SUSAN CAROLINE WATKINS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £54k | £30k |
| 31/12/2023 | £49k | £82k |
| 31/12/2022 | £95k | £29k |
| 31/12/2021 | £42k | £30k |
| 31/12/2020 | £40k | £36k |
Common questions
Is MARSHFIELD CONSOLIDATED CHARITIES financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £31,516 for the year ended 31 December 2024, an improvement from the previous year's deficit. The trustees maintain a reserves policy targeting a minimum balance of £20,000, with actual unrestricted reserves significantly exceeding this at £624,918. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.