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MARY DREW ALMSHOUSES

Registered charity 205887 · accounts filings on the Charity Commission register

The charity maintains six almshouses in Englefield Green, Egham, Surrey. The houses are made available to elderly married couples, or single persons if no qualifying couple can be found, who meet criteria laid down in the Scheme of the Charity Commissioners made in 1994. Maintenance fees are charged at a level to cover long-term average costs of keeping the houses in good condition.

Causes: Accommodation/housing · Get email alerts

Latest income
£42k
Latest spending
£21k
Registered
1962
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity holds unrestricted reserves of £35,791, which is a surplus from the previous year's £14,118. The trustees consider these funds adequate to continue operations and maintain appropriate reserve levels for property refurbishment, noting that all almshouses were occupied during the year.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Charitable activities (99% of income)
“Contributions from residents 41,880” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: The Trustees have not formally set a target level of free reserves for the Charity to hold. The maintenance charge paid by residents is utilised first towards the costs of ongoing and recurring maintenance and secondly to ensure that the free reserves are maintained at an appropriate level and as required by the terms of the Scheme. There is one property still to be modernised and the Trustees consider that the level of reserves should be maintained at an amount concordant to the capital cost of an individual property refurbishment. (held: £36k)
“The Trustees have not formally set a target level of free reserves for the Charity to hold. The maintenance charge paid by residents is utilised first towards the costs of ongoing and recurring maintenance and secondly to ensure that the free reserves are maintained at an appropriate level and as required by the terms of the Scheme. There is one property still to be modernised and the Trustees consider that the level of reserves should be maintained at an amount concordant to the capital cost of an individual property refurbishment.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Surrey

Income and spending

Financial year endIncomeSpending
31/12/2024£42k£21k
31/12/2023£42k£26k
31/12/2022£32k£126k
31/12/2021£32k£22k
31/12/2020£27k£70k

Common questions

Is MARY DREW ALMSHOUSES financially healthy?

Per its FY2024 accounts: The accounts state that the charity holds unrestricted reserves of £35,791, which is a surplus from the previous year's £14,118. The trustees consider these funds adequate to continue operations and maintain appropriate reserve levels for property refurbishment, noting that all almshouses were occupied during the year. Its FY2024 accounts were independently examined.