RICHARD WATTS AND THE CITY OF ROCHESTER ALMSHOUSE CHARITIES
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?
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 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 |
| Kingsbury Charity | 1 | £50 |