ALMSHOUSE CHARITY OF ELIZABETH SMITH
The Charity is an Almshouse providing ten properties to house single people in the Parish of East Malling
Objects
"BENEFICIARIES" MEANS SINGLE MEN OR WOMEN, WIDOWS OR WIDOWERS WHO ARE POOR CHRISTIAN AND RESIDENT IN THE AREA OF BENEFIT OR WHO HAVE RELATIVES WHO ARE RESIDENT IN THE AREA OF BENEFIT. "RESIDENTS" MEANS THOSE BENEFICIARIES OF THE CHARITY WHO LIVE IN THE HOMES.(1) THE OBJECTS OF THE CHARITY ARE: (A) THE PROVISION OF HOUSING ACCOMMODATION FOR BENEFICIARIES; AND (B) SUCH CHARITABLE PURPOSES FOR THE BENEFIT OF THE RESIDENTS AS THE TRUSTEE DECIDES. (2) THE TRUSTEE MUST GIVE PREFERENCE TO SINGLE WOMEN OR WIDOWS.
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.
What the accounts disclose
“Turnover represents rental income from licensees and service charges receivable and turnover is recognised when the Charity is entitled to it.” — page 15
“Management fees 13,159”
“Service charge and technical services fees 3,917”
“Management fees 13,159”
“Service charge and technical services fees 3,917”
“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”
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.