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ALMSHOUSE CHARITY OF ELIZABETH SMITH

Registered charity 210463 · accounts filings on the Charity Commission register · also known as ELIZABETH SMITH'S ALMSHOUSES

The Charity is an Almshouse providing ten properties to house single people in the Parish of East Malling

Causes: Accommodation/housing · Get email alerts

Latest income
£95k
Latest spending
£66k
Registered
1962
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity generated a surplus of £28,746 for the year ended 31 March 2025, with total unrestricted revenue reserves of £522,573. The charity holds no debt or overdraft facilities and maintains adequate resources to continue operations for the foreseeable future. However, the corporate trustee received a downgraded governance grading from the Regulator of Social Housing, indicating significant improvement is needed in its risk and control framework.

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

What the accounts disclose

Largest income source: Social housing activities (93% of income)
“Turnover represents rental income from licensees and service charges receivable and turnover is recognised when the Charity is entitled to it.” — page 15
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Management fees paid to Corporate Trustee Anchor Hanover Group.
“Management fees 13,159”
“Service charge and technical services fees 3,917”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Service charge and technical services fees paid to Corporate Trustee Anchor Hanover Group.
“Management fees 13,159”
“Service charge and technical services fees 3,917”
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Regulator of Social Housing downgraded Anchor from G1 to G3 grading due to failure to meet governance requirements.
“The Regulator of Social Housing (RSH) has during 2025 reviewed Anchor’s compliance with the Governance and Financial Viability Standard and concluded that Anchor did not meet the governance requirements and significant improvement is needed, specifically in relation to its risk and control framework. The RSH downgraded Anchor from G1 to G3 grading in June 2025”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by BDO LLP. Discloses 3 of 6 completeness components.

Trustees · trustee networks

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

Operates in: Kent

Income and spending

Financial year endIncomeSpending
31/03/2025£95k£66k
31/03/2024£84k£61k
31/03/2023£64k£47k
31/03/2022£68k£36k
31/03/2021£70k£50k

Common questions

Is ALMSHOUSE CHARITY OF ELIZABETH SMITH financially healthy?

Per its FY2025 accounts: The accounts state that the charity generated a surplus of £28,746 for the year ended 31 March 2025, with total unrestricted revenue reserves of £522,573. The charity holds no debt or overdraft facilities and maintains adequate resources to continue operations for the foreseeable future. However, the corporate trustee received a downgraded governance grading from the Regulator of Social Housing, indicating significant improvement is needed in its risk and control framework. Its FY2025 accounts were audited by BDO LLP.