STEPHEN HUTCHEN'S CHARITY TRUST
1. To provide almshouses for elderly persons of good character who are in need of assistance and born in the Borough of Penzance and the Parish of Paul or lived there for the last 5 years.2. Provision of an extraordinary repair fund.3. Residue for the benefit of the almspeople.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure deficit of £28,604 for the year ended 31 December 2025, resulting in a decrease in total unrestricted funds. The trustees have established a reserves policy to hold twelve months of expenditure, but the actual free reserves excluding designated funds were £9,059, representing only one month of expenditure. Despite the deficit, the trustees confirm the charity has adequate resources to continue in operational existence on a going concern basis.
What the accounts disclose
“Income received in the year amounted to £70,824 (2024: £66,329), of which over £66,556 (2024: £61,700) has been generated from residents at the Almshouses.” — page 4
“The Trustees have decided that the charity should hold reserves which are neither restricted nor designated equivalent to twelve months expenditure.” — page 5
Register events
- Received assets from another charity (16/12/2022)
Trustees
- Morvah Jane STUBBINGSchair
- Andrew Richard BEARD
- Elaine Sarah Bawden
- John Scade
- Louise Karenza Thomas
- Lucy Juliette NICHOLLS
- MR KEITH PROWSE
- Michael HAWKINS
- Roger HARVEY
- Timothy John PULLEN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £73k | £96k |
| 31/12/2024 | £81k | £94k |
| 31/12/2023 | £83k | £98k |
| 31/12/2022 | £59k | £94k |
| 31/12/2021 | £56k | £49k |
Common questions
Is STEPHEN HUTCHEN'S CHARITY TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure deficit of £28,604 for the year ended 31 December 2025, resulting in a decrease in total unrestricted funds. The trustees have established a reserves policy to hold twelve months of expenditure, but the actual free reserves excluding designated funds were £9,059, representing only one month of expenditure. Despite the deficit, the trustees confirm the charity has adequate resources to continue in operational existence on a going concern basis. Its FY2025 accounts were independently examined.