ANN SMYTHS ALMSHOUSES, OTHERWISE KNOWN AS ST MARY ELMS ALMSHOUSES
Provision of accommodation
Objects
THE PROVISION OF HOUSING ACCOMMODATION FOR RESIDENTS; AND (B) SUCH CHARITABLE PURPOSES FOR THE BENEFIT OF THE RESIDENTS AS THE TRUSTEES DECIDE. (2) THE LAND BELONGING TO THE CHARITY MUST BE RETAINED BY THE TRUSTEES FOR USE FOR THE OBJECTS OF THE CHARITY.
Financial health, per its FY2024 accounts
The accounts state that the charity achieved an operational surplus of £10,106 for the year ended 31 December 2024, with total unrestricted funds increasing to £623,411. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future, maintaining a going concern basis. Free/unrestricted reserves stood at £623,411, while designated reserves included £20,000 for general use and £130,000 for major repairs.
What the accounts disclose
“The trustees have initiated a quinquennial inspection routine, and will review the reserves policy to help mitigate this risk.”
Policies the charity declares
- 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
- Risk management
- Safeguarding policy and procedures
- Trustee conflicts of interest policy and procedures
Trustees
- Rev JOHN THACKRAYchair
- Alison Sarah Beech
- Elizabeth Patricia Hughes
- MR HUGH PIERCE
- ROBERT STIRLING
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £43k | £33k |
| 31/12/2023 | £39k | £39k |
| 31/12/2022 | £36k | £35k |
| 31/12/2021 | £32k | £24k |
| 31/12/2020 | £33k | £31k |
Common questions
Is ANN SMYTHS ALMSHOUSES, OTHERWISE KNOWN AS ST MARY ELMS ALMSHOUSES financially healthy?
Per its FY2024 accounts: The accounts state that the charity achieved an operational surplus of £10,106 for the year ended 31 December 2024, with total unrestricted funds increasing to £623,411. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future, maintaining a going concern basis. Free/unrestricted reserves stood at £623,411, while designated reserves included £20,000 for general use and £130,000 for major repairs. Its FY2024 accounts were independently examined.