BEDFORD MORISON AND CORDERY ALMSHOUSE CHARITY
Accomodation - Housing
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds decreased from £3,725,429 to £3,110,470, driven by a significant revaluation loss on investments and charitable expenditure. Free reserves fell to £57,414, which the trustees confirm is in line with their policy target of covering three to six months of expenditure. The charity remains solvent with adequate resources to continue in operational existence.
What the accounts disclose
“The Trustees aim is to maintain free reserves which cover three to six months expenditure” — page 6
Trustees
- Felicity Evanschair
- Dr NIGEL INESON
- Michael Peter Jeremy TUNSTALL
- Peter Mould
- Rev Richard Mark Banham
- Tanyaradzwa Machisa
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £95k | £163k |
| 31/12/2023 | £85k | £63k |
| 31/12/2022 | £70k | £55k |
| 31/12/2021 | £70k | £55k |
| 31/12/2020 | £66k | £56k |
Common questions
Is BEDFORD MORISON AND CORDERY ALMSHOUSE CHARITY financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds decreased from £3,725,429 to £3,110,470, driven by a significant revaluation loss on investments and charitable expenditure. Free reserves fell to £57,414, which the trustees confirm is in line with their policy target of covering three to six months of expenditure. The charity remains solvent with adequate resources to continue in operational existence. Its FY2024 accounts were independently examined.