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
Objects
THE OBJECTS OF THE CHARITIES ARE: (1) THE RELIEF OF POVERTY OF PERSONS IN THE MEDWAY UNITARY AUTHORITY AREA, OR WHO IN THE OPINION OF THE TRUSTEES HAVE A LOCAL CONNECTION WITH THE MEDWAY UNITARY AUTHORITY AREA BY THE PROVISION AND MAINTENANCE OF SOCIAL HOUSING IN THE FORM OF ALMSHOUSE ACCOMMODATION; AND (2) THE RELIEF OF PEOPLE IN THE MEDWAY UNITARY AUTHORITY AREA WHO ARE IN NEED BY REASON OF FINANCIAL HARDSHIP OR OTHER DISADVANTAGE, IN SUCH WAYS AS THE TRUSTEES DETERMINE.
Financial health, per its FY2025 accounts
The accounts state that the charity transferred all assets and liabilities to a new charitable incorporated organisation (CIO) on 1 April 2025, ceasing its own operations. Per the trustees' report, unrestricted reserves were nil at year-end, falling below the stated policy target of maintaining between six months and one year's running costs. The independent auditors confirmed the financial statements give a true and fair view and identified no material uncertainties regarding going concern.
What the accounts disclose
“At 31 December 2025 the general reserves amounted to ENil (see note 20).” — page 7
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
- Investment
- Paying staff
- 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
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2024
- Employees paid over £60,000: 1 (£60,001–£70,000: 1)
Self-declared on the annual return for the financial year ending 31/12/2023
- Employees paid over £60,000: 1 (£70,001–£80,000: 1)
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 |
|---|---|---|
| 31/12/2025 | £379k | £27.4m |
| 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 |
Common questions
Is RICHARD WATTS AND THE CITY OF ROCHESTER ALMSHOUSE CHARITIES financially healthy?
Per its FY2025 accounts: The accounts state that the charity transferred all assets and liabilities to a new charitable incorporated organisation (CIO) on 1 April 2025, ceasing its own operations. Per the trustees' report, unrestricted reserves were nil at year-end, falling below the stated policy target of maintaining between six months and one year's running costs. The independent auditors confirmed the financial statements give a true and fair view and identified no material uncertainties regarding going concern. Its FY2025 accounts were audited by Kreston Reeves Audit LLP.
Charities like this
- RICHARD WATTS CHARITIES CIO
- CROOKHAM ALMSHOUSE CHARITY CIO
- ALMSHOUSE CHARITIES
- ROSS CHARITY TRUSTEES ALMSHOUSES BRANCH
- NORMAN ALMSHOUSES CHARITY
- CHELTENHAM ALMSHOUSES & AID CIO
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 | £379k | — | — | below | — | no doubt |
| RICHARD WATTS CHARITIES CIO | £28.1m | — | — | below | — | no doubt |
| CROOKHAM ALMSHOUSE CHARITY CIO | £69k | — | 0 | unclear | — | no doubt |
| ALMSHOUSE CHARITIES | £114k | — | — | above | — | no doubt |
| ROSS CHARITY TRUSTEES ALMSHOUSES BRANCH | £160k | — | 0 | unclear | — | no doubt |
| NORMAN ALMSHOUSES CHARITY | £30k | — | 0 | unclear | — | no doubt |