RICHARD WATTS AND THE CITY OF ROCHESTER ALMSHOUSE CHARITIES
Provision of Almshouse accommodation. Grant making to relieve sickness or need to persons resident in the City of Rochester
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit on unrestricted funds of £169,239 for the year ended 31 December 2024, resulting in an overall deficit before investment gains of £169,442. However, net gains on investments of £898,451 led to a total surplus of £845,919, bringing total net assets to £27,283,087. The trustees maintain that the charity has adequate resources to continue as a going concern.
What the accounts disclose
“it is the Trustees' policy that the balance of the Unrestricted Income Funds be maintained between 6 months' and one year's running costs.”
“During the year the Charity paid a grant of £Nil (2023 - £100) to Rochester Grammar School for Girls Charity, of which Mr M Bailey was also a trustee.” — page 39
“During the year the Charity paid grants totalling £Nil (2023 - £9,000) to Thinking Schools Academy Trust, of which Mr M Bailey was also a trustee.” — page 39
“During the year the Charity paid a grant of £Nil (2023 - £100) to Rochester Grammar School for Girls Charity, of which Mr M Bailey was also a trustee.” — page 39
“During the year the Charity paid grants totalling £Nil (2023 - £9,000) to Thinking Schools Academy Trust, of which Mr M Bailey was also a trustee.” — page 39
Leadership, per the charity’s website
- Mr Tim Newman — Chair
- Martin Sissons — Chief Executive Officer
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Keith Poveychair
- ALEXANDRA JEAN CLARABUT
- COLIN MCCARTHY
- Carolyn Mary Sims
- Linda Reay
- PETER JAMES SMITH
- Richard Patteson-Knight
- Shirley Gurteen
- Timothy Newman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.5m | £1.7m |
| 31/12/2023 | £1.4m | £1.4m |
| 31/12/2022 | £1.3m | £1.3m |
| 31/12/2021 | £1.2m | £1.2m |
| 31/12/2020 | £1.3m | £1.2m |
Common questions
Is RICHARD WATTS AND THE CITY OF ROCHESTER ALMSHOUSE CHARITIES financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a deficit on unrestricted funds of £169,239 for the year ended 31 December 2024, resulting in an overall deficit before investment gains of £169,442. However, net gains on investments of £898,451 led to a total surplus of £845,919, bringing total net assets to £27,283,087. The trustees maintain that the charity has adequate resources to continue as a going concern. Its FY2024 accounts were audited by Kreston Reeves LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE EDWARD CADBURY CHARITABLE TRUST | 1 | £10k |
Charities like this
- THE ALMSHOUSE OF ST JOHN THE BAPTIST AND ST JOHN THE EVANGELIST
- THE JAMES LLOYD ALMSHOUSES
- THE HOSPITAL OF GILBERT, EARL OF SHREWSBURY AT SHEFFIELD
- ST NICHOLAS HOSPITAL
- WARWICK RELIEF IN NEED CHARITY
- TRING CHARITIES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| RICHARD WATTS AND THE CITY OF ROCHESTER ALMSHOUSE CHARITIES | £1.5m | — | — | unclear | — | no doubt |
| THE ALMSHOUSE OF ST JOHN THE BAPTIST AND ST JOHN THE EVANGELIST | £136k | — | 0 | unclear | — | no doubt |
| THE JAMES LLOYD ALMSHOUSES | £233k | — | 0 | above | — | no doubt |
| THE HOSPITAL OF GILBERT, EARL OF SHREWSBURY AT SHEFFIELD | £766k | — | 0 | unclear | — | no doubt |
| ST NICHOLAS HOSPITAL | £313k | — | 0 | unclear | — | no doubt |
| WARWICK RELIEF IN NEED CHARITY | £268k | — | 0 | above | — | no doubt |