GRANTHAM'S ALMSHOUSES
Provides housing for elderly (aged 55 or over) people in need.
Financial health, per its FY2024 accounts
The accounts state that the charity achieved a surplus of £2,411 for the year ended 31 December 2024, maintaining unrestricted reserves at £151,635. The trustees confirmed adequate resources for going concern and noted that systems are in place to mitigate major risks. No employees were engaged during the year, with charitable activities funded by rental income and investments.
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 similar level.” — page 4
“Secretarial and Administration Fees of £2,475 (2023: £6,450) were paid to Able 4 Enterprise Limited.” — page 14
Trustees
- Angela Munro
- Mrs Charlotte Croft
- Mrs Kate Storr
- Mrs Patricia Taylor
- Mrs Sue Campbell
- Rev Sheena CLEATON
- ronald shepherd cllr
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £32k | £29k |
| 31/12/2023 | £28k | £26k |
| 31/12/2022 | £23k | £29k |
| 31/12/2021 | £20k | £24k |
| 31/12/2020 | £21k | £18k |
Common questions
Is GRANTHAM'S ALMSHOUSES financially healthy?
Per its FY2024 accounts: The accounts state that the charity achieved a surplus of £2,411 for the year ended 31 December 2024, maintaining unrestricted reserves at £151,635. The trustees confirmed adequate resources for going concern and noted that systems are in place to mitigate major risks. No employees were engaged during the year, with charitable activities funded by rental income and investments. Its FY2024 accounts were independently examined.