SIMPSONS ALMSHOUSES
Provision of 4 single occupancy Almshouses to provide low cost housing for, firstly:Poor people belonging to Christchurch Methodist/URC Church in Hitchin, Secondly,To those worshipping in other Protestant Churches within and around Hitchin, and thirdly,For any poor resident of Hitchin
Financial health, per its FY2024 accounts
The accounts state that the charity is solvent with sufficient funds in reserves, totaling £161,272.01. The trustees confirm there are no uncertainties about the charity continuing as a going concern. The primary source of funds is identified as monthly maintenance contributions from residents.
What the accounts disclose
“The Charity's main source of funds are the monthly maintenance contributions paid by the residents.”
“ln accordance with the Almshouse Association recommendations the Charity holds reserves for Cyclical Maintenance and Extraordinary Repairs”
Trustees
- Ananda Jane Hale
- BERNARD HIGGS
- Jackie Hamilton
- Luke Thomas Telford
- PAULINE EDWARDS
- Peter Trussell
- ROGER PHILIPPE DE STE CROIX
- Stella White
- Victor Norman Evans
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £26k | £8k |
| 31/12/2023 | £25k | £36k |
| 31/12/2022 | £48k | £14k |
| 31/12/2021 | £20k | £19k |
| 31/12/2020 | £19k | £9k |
Common questions
Is SIMPSONS ALMSHOUSES financially healthy?
Per its FY2024 accounts: The accounts state that the charity is solvent with sufficient funds in reserves, totaling £161,272.01. The trustees confirm there are no uncertainties about the charity continuing as a going concern. The primary source of funds is identified as monthly maintenance contributions from residents. Its FY2024 accounts were independently examined.