ANN SMYTHS ALMSHOUSES, OTHERWISE KNOWN AS ST MARY ELMS ALMSHOUSES

Registered charity 213747 · accounts filings on the Charity Commission register

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.

Area of benefit: ECCLESIASTICAL PARISH OF ST. MARY AT THE ELMS, IPSWICH

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Accommodation/housing · website · Get email alerts

Latest income
£43k
Latest spending
£33k
Registered
1963
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: unclear (held: £623k)
“The trustees have initiated a quinquennial inspection routine, and will review the reserves policy to help mitigate this risk.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Suffolk

Income and spending

Financial year endIncomeSpending
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.