THE THOMAS WATSON COTTAGE HOMES
Provides sheltered housing for past employees of freight industry
Financial health, per its FY2025 accounts
The accounts state that the charity recorded a surplus of £52,126 for the year ended 31 December 2025, with total funds increasing to £4,714,404. The trustees report that unrestricted reserves of £198,393 exceed their stated policy target of at least six months of general expenditure. The charity does not engage in fundraising activities and relies on weekly maintenance contributions and investment income.
What the accounts disclose
“It is the Trustees' policy to maintain a balance on general reserves which equates to at least 6 months general expenditure.”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- JENNIFER SARAH HARROLDchair
- ANDREW KEITH EDRUPT
- Claire Louise Corbett
- Kate Mallon
- Richard William Peart
- SARAH HELEN HOUSDEN
- Simon Charles de Galleani
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £392k | £348k |
| 31/12/2024 | £816k | £660k |
| 31/12/2023 | £344k | £406k |
| 31/12/2022 | £326k | £351k |
| 31/12/2021 | £307k | £282k |
Common questions
Is THE THOMAS WATSON COTTAGE HOMES financially healthy?
Per its FY2025 accounts: The accounts state that the charity recorded a surplus of £52,126 for the year ended 31 December 2025, with total funds increasing to £4,714,404. The trustees report that unrestricted reserves of £198,393 exceed their stated policy target of at least six months of general expenditure. The charity does not engage in fundraising activities and relies on weekly maintenance contributions and investment income. Its FY2025 accounts were audited by Keelings Limited.