WILLIAM HENRY KING'S ALMSHOUSES
Almshouses for the poor of Garstang.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds increased to £308,461, up from £273,982 in the prior year, driven by net income of £34,479. The trustees maintain a reserves policy of holding sufficient funds to cover one year of operating costs and property improvements. The trustees confirm adequate resources for at least 12 months of continued operational existence.
What the accounts disclose
“The trustees maintain its policy of maintaining sufficient reserves to meet operating costs for a year in advance, allowing property improvement to be undertaken when funds allow.” — page 3
Trustees
- John Ibison
- Michael John Grovenor Halford
- NORMAN HOWELL
- Paul John Ronson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £81k | £19k |
| 31/12/2024 | £47k | £23k |
| 31/12/2023 | £36k | £64k |
| 31/12/2022 | £35k | £22k |
| 31/12/2021 | £32k | £42k |
Common questions
Is WILLIAM HENRY KING'S ALMSHOUSES financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds increased to £308,461, up from £273,982 in the prior year, driven by net income of £34,479. The trustees maintain a reserves policy of holding sufficient funds to cover one year of operating costs and property improvements. The trustees confirm adequate resources for at least 12 months of continued operational existence. Its FY2024 accounts were independently examined.