Charity Accounts Intelreading the accounts so you don’t have to

TIVERTON ALMSHOUSE TRUST

Registered charity 206984 · accounts filings on the Charity Commission register · also known as TIVERTON ALMSHOUSE CHARITY

Provision of housing for local people over 60 years old and in financial need

Causes: Accommodation/housing · website · Get email alerts

Latest income
£1.1m
Latest spending
£1.0m
Registered
1962
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a surplus of £186,593 for the year ended 31 December 2025, driven primarily by unrealised gains on investments. The charity holds substantial permanent endowment reserves of £9,027,391 and other reserves of £1,416,742, while maintaining a manageable mortgage debt of £461,671. The trustees confirm that the charity has adequate resources to continue its operations for the foreseeable future.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: more than £60,000 — below the median for charities its size (£70k)
“During the year one employee earned more than £60,000.” — page 27
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“During the year one employee earned more than £60,000. One employee earned more than £60,000 in 2024.” — page 27
Per its FY2025 accounts as filed with the Charity Commission.
Largest income source: Rents receivable excluding service charges (60% of income)
“Turnover represents rental and service charges income receivable in the year net of rent and service charge losses from almshouse voids.” — page 25
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: sufficient reserves are maintained to address these requirements (held: £1.4m)
“A Reserves Policy addresses the Expendable Endowment and designates funds to the actions approved in the strategic plan. There are regular reviews of operational risks and requirements, and sufficient reserves are maintained to address these requirements.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Two directors were councillors/employees of related Local Authorities. Transactions were at arms-length on normal commercial terms.
“As at the 31 December 2025 two directors of Tiverton Almshouse Trustee Limited were councillors / employees of related Local Authorities. Any transactions with the Local Authorities were at arms-length on normal commercial terms and these individuals were not able to use their position to their commercial advantage.” — page 32
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by PKF Francis Clark. Discloses 6 of 6 completeness components.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/12/2025)

Total income
£1.1m
Total spending
£1.0m
Cost of raising funds
£11k
Reserves (reported)
£1.4m
Employees
9

Reported reserves equal ~16.4 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (86% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 1.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Devon

Income and spending

Financial year endIncomeSpending
31/12/2025£1.1m£1.0m
31/12/2024£938k£940k
31/12/2023£865k£1.1m
31/12/2022£822k£1.0m
31/12/2021£860k£776k

Common questions

Is TIVERTON ALMSHOUSE TRUST financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a surplus of £186,593 for the year ended 31 December 2025, driven primarily by unrealised gains on investments. The charity holds substantial permanent endowment reserves of £9,027,391 and other reserves of £1,416,742, while maintaining a manageable mortgage debt of £461,671. The trustees confirm that the charity has adequate resources to continue its operations for the foreseeable future. Its FY2025 accounts were audited by PKF Francis Clark.

What does the highest-paid employee of TIVERTON ALMSHOUSE TRUST earn?

Per its FY2025 accounts, the highest-paid employee was in the more than £60,000 band, and 1 employees earned over £60,000.