THE UNITED CHARITIES OF ST LEONARD, SHOREDITCH
Provision of almshouse services for needy people.
Financial health, per its FY2024 accounts
The accounts state that total funds increased to £1,780,625, driven by a surplus of £115,192 and gains on investments. The charity maintains unrestricted reserves of £1,401,800 and holds designated reserves for repairs, with a stated aim to rebuild reserves following the completion of major works. The trustees confirm there are no going concern issues and that the charity remains financially stable.
What the accounts disclose
“Income from the housing properties amounted to £136,648 compared to £127,850 in the preceding year.”
“The Trustees budget to set aside reserves according to The Almshouse Association’s recommendations and also to build up Designated Reserves for future major modernisation projects.” — page 5
“Lorraine Groom, Clerk to the Trustees and only staff member is the daughter of Janet Marsh who was a Trustee of the Charity in the year. The Charity paid £28,653 in respect of wages, national insurance and pension during the year (2023: £29,838).” — page 19
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £154k | £104k |
| 31/12/2023 | £165k | £132k |
| 31/12/2022 | £155k | £91k |
| 31/12/2021 | £158k | £83k |
| 31/12/2020 | £145k | £76k |
Common questions
Is THE UNITED CHARITIES OF ST LEONARD, SHOREDITCH financially healthy?
Per its FY2024 accounts: The accounts state that total funds increased to £1,780,625, driven by a surplus of £115,192 and gains on investments. The charity maintains unrestricted reserves of £1,401,800 and holds designated reserves for repairs, with a stated aim to rebuild reserves following the completion of major works. The trustees confirm there are no going concern issues and that the charity remains financially stable. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE EDWARD CADBURY CHARITABLE TRUST | 1 | £10k |
| THE LIZ AND TERRY BRAMALL FOUNDATION | 1 | £5k |
Charities like this
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH
- THE JAMES LLOYD ALMSHOUSES
- ST JOHN'S LICHFIELD
- ST SEPULCHRE (FINSBURY) UNITED CHARITIES
- ST. LEONARD'S HOSPICE YORK
- MUNICIPAL CHARITIES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE UNITED CHARITIES OF ST LEONARD, SHOREDITCH | £154k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH | £313k | — | 0 | above | — | no doubt |
| THE JAMES LLOYD ALMSHOUSES | £233k | — | 0 | above | — | no doubt |
| ST JOHN'S LICHFIELD | £538k | — | 0 | above | — | no doubt |
| ST SEPULCHRE (FINSBURY) UNITED CHARITIES | £225k | — | 0 | above | — | no doubt |
| ST. LEONARD'S HOSPICE YORK | £10.3m | — | — | above | — | no doubt |