JOHN SUGARS ALMSHOUSE CHARITY
John Sugars Almshouses are for widows aged fifty five years or over, who have lived in the parishes of All Saints South Lynn, or St. Margarets or St. Johns, King's Lynn, for three years.
Objects
THE PROVISION AND MAINTENANCE OF ALMSHOUSES FOR SIX POOR WIDOWS OF NOT LESS THAN 55 YEARS OF AGE AND OF GOOD CHARACTER.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds were maintained at a level equivalent to between three and six months' expenditure, with a closing unrestricted fund balance of £51,112. The charity reported a net income of £12,405 for the year, derived primarily from charitable activities charges of £34,565 and donations of £144. The trustees confirmed the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 4
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £35k | £25k |
| 31/12/2024 | £32k | £25k |
| 31/12/2023 | £31k | £30k |
| 31/12/2022 | £27k | £42k |
| 31/12/2021 | £30k | £26k |
Common questions
Is JOHN SUGARS ALMSHOUSE CHARITY financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds were maintained at a level equivalent to between three and six months' expenditure, with a closing unrestricted fund balance of £51,112. The charity reported a net income of £12,405 for the year, derived primarily from charitable activities charges of £34,565 and donations of £144. The trustees confirmed the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were independently examined.