THE HEREFORD SOCIETY FOR AIDING THE INDUSTRIOUS
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a deficit of £63,845 for the year, resulting in a decrease in unrestricted reserves from £1,165,849 to £1,112,786. Despite this deficit, the trustees confirm the organization is a going concern, citing that income will not be adversely affected and savings can be made if costs rise. The charity holds significant unrestricted reserves of over £1.1 million, which it states are held to meet future almshouse refurbishment costs and pending awards.
What the accounts disclose
“No employees received emoluments in excess of £60,000.” — page 13
“It is the policy of the Society to hold reserves to a minimum acceptable level to meet refurbishment costs relating to the Almshouses and pending awards to successful applicants.” — page 5
“Mr Ditlon, trustee of the charity, is a consultant at Sunderlands, the firm who collects the rent for 17 Venns Close. During the year £936 (2024: £1,253) was paid to Sunderlands in relation to management fees. No amounts were due at the year end.” — page 16
Trustees
- HUGH GREGORY MARK BRICKNELLchair
- Bruce Maurice Jones
- CHARLES RICHARD GEORGE
- Dr LOUISE ANN SEAL
- Elizabeth Ann Lever
- John Robert Dillon
- Maria Foxton
- RICHARD GUY VAUGHAN WESTON
- THOMAS GEORGE NELLIST
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £171k | £235k |
| 05/04/2024 | £155k | £137k |
| 05/04/2023 | £151k | £166k |
| 05/04/2022 | £146k | £185k |
| 05/04/2021 | £148k | £136k |
Common questions
Is THE HEREFORD SOCIETY FOR AIDING THE INDUSTRIOUS financially healthy?
The accounts state that the charity incurred a deficit of £63,845 for the year, resulting in a decrease in unrestricted reserves from £1,165,849 to £1,112,786. Despite this deficit, the trustees confirm the organization is a going concern, citing that income will not be adversely affected and savings can be made if costs rise. The charity holds significant unrestricted reserves of over £1.1 million, which it states are held to meet future almshouse refurbishment costs and pending awards. Its FY2025 accounts were independently examined.
What does the highest-paid employee of THE HEREFORD SOCIETY FOR AIDING THE INDUSTRIOUS earn?
Per its FY2025 accounts, the highest-paid employee was in the Under £60,000 band.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| FEEDING BRISTOL | 1 | £35k |
| THE FRANCIS WINHAM FOUNDATION | 1 | £21k |
| COVENTRY CHURCH (MUNICIPAL) CHARITIES | 1 | £14k |
| THE WILLIAM DELAFIELD CHARITABLE TRUST | 1 | £10k |
| THE LESLIE MARY CARTER CHARITABLE TRUST | 1 | £5k |
| ANSON CHARITABLE TRUST | 1 | £2k |
| LILIAN FRANCES HIND BEQUEST (TRUSTEES OF LADY HIND) | 1 | £1k |
| CORDWAINERS CHARITABLE TRUST | 1 | £200 |