NORTON FOLGATE ALMSHOUSE CHARITIES
Provision of affordable almshouses for people in need in Spitalfields.
Financial health, per its FY2024 accounts
The accounts state that total funds increased to £2,920,714, with unrestricted funds at £1,596,700. The trustees consider it prudent to retain cash reserves equivalent to 12 months' expenditure, which reached £118,574. The independent auditors issued a qualified opinion due to limitations of scope regarding property ownership, deferred income, and other creditors.
What the accounts disclose
“The trustees consider it prudent to retain cash reserves equivalent to 12 months' expenditure”
“In our opinion, except for the possible effects of the matter described in the basis for qualified opinion section of our report, the financial statements: - give a true and fair view of the state of the charity’s affairs as at 31 December 2024” — page 8
Trustees
- CHRISTOPHER DAVID WEAVERSchair
- Andrea Bissett
- Darren Wolf
- ISABELLE PUCHWEIN-ROBERTS
- Richard Wasserfall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £241k | £218k |
| 31/12/2023 | £225k | £197k |
| 31/12/2022 | £218k | £151k |
| 31/12/2021 | £179k | £118k |
| 31/12/2020 | £158k | £73k |
Common questions
Is NORTON FOLGATE ALMSHOUSE CHARITIES financially healthy?
Per its FY2024 accounts: The accounts state that total funds increased to £2,920,714, with unrestricted funds at £1,596,700. The trustees consider it prudent to retain cash reserves equivalent to 12 months' expenditure, which reached £118,574. The independent auditors issued a qualified opinion due to limitations of scope regarding property ownership, deferred income, and other creditors. Its FY2024 accounts were audited by Dunkley's.