MERSEA ISLAND TRUST
Warden Assisted housing for the elderly
Financial health, per its FY2025 accounts
The accounts state that the Trust reported a surplus of £42,292 for the year ended 31 March 2025, compared to a surplus of £1,055 in the prior year. Total reserves stood at £1,599,400, with the trustees noting that assets are available and adequate to fulfil obligations. The Trust complied with the Governance and Financial Viability Standard required by the Regulator of Social Housing.
What the accounts disclose
“Turnover represents rental and service charges income receivable in the year net of rent and service charge losses from voids, revenue grants from the government (local authorities) and the Regulator of Social Housing.” — page 14
“It is to establish a policy where the reserves are to be used to maintain the capital commitment of the Trust in keeping within the requirements of the Health and Safety requirements and where necessary the improvement of the facilities.” — page 5
Trustees
- Dr Jayne Dora Taylorchair
- CAITRIONA BANTING
- Cheryl Lesley Rutter
- Corinne Julie Fahie
- Rita Enid Kemp
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £401k | £375k |
| 31/03/2024 | £360k | £376k |
| 31/03/2023 | £338k | £369k |
| 31/03/2022 | £336k | £323k |
| 31/03/2021 | £324k | £265k |
Common questions
Is MERSEA ISLAND TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the Trust reported a surplus of £42,292 for the year ended 31 March 2025, compared to a surplus of £1,055 in the prior year. Total reserves stood at £1,599,400, with the trustees noting that assets are available and adequate to fulfil obligations. The Trust complied with the Governance and Financial Viability Standard required by the Regulator of Social Housing. Its FY2025 accounts were audited by Streets Audit LLP.