HOSPITAL OF ST MARY THE VIRGIN (RYE HILL AND BENWELL)
The principal activity is the management of the Almshouses, of Rye Hill and Benwell. The number of flats for occupation by Brethren are 19 at Rye Hill and 41 at Thomas Horsley House.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £11,348 for the year ended 31 March 2025, following a surplus in the prior year. Per the trustees' report, free reserves stood at £323,407, which is slightly above the targeted level of six months' charitable expenditure. The charity maintains a negative gearing position and relies on income from a sister charity and resident contributions to subsidize its social housing operations.
What the accounts disclose
“It is the Trustees' policy to maintain free reserves at a level equating to around six months of charitable expenditure.” — page 7
“Income received by this Charity from the Estate Management Charity is shown on the Statement of Financial Activities. The amount due from the Estate Management Charity at the year end is shown in debtors due within one year.” — page 43
“Tim Gray (Clerk to the Trustees) is a consultant to Mincoffs solicitors. During the year ended 31 March 2025, Mincoffs provided legal services to the Charity amounting to £3,480 (2024: £2,340).” — page 43
“Income received by this Charity from the Estate Management Charity is shown on the Statement of Financial Activities. The amount due from the Estate Management Charity at the year end is shown in debtors due within one year.” — page 43
“Tim Gray (Clerk to the Trustees) is a consultant to Mincoffs solicitors. During the year ended 31 March 2025, Mincoffs provided legal services to the Charity amounting to £3,480 (2024: £2,340).” — page 43
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Aidan Evans
- Alderman JOHN O'SHEA
- Dr HAZEL JONES-LEE
- Dr Hilary Anne Wynne
- Dr Laura Ann Graham
- Michael Francis Richardson
- Michael George Downie
- RICHARD METCALFE
- Susan Pearson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £510k | £520k |
| 31/03/2024 | £471k | £456k |
| 31/03/2023 | £417k | £395k |
| 31/03/2022 | £408k | £394k |
| 31/03/2021 | £395k | £386k |
Common questions
Is HOSPITAL OF ST MARY THE VIRGIN (RYE HILL AND BENWELL) financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £11,348 for the year ended 31 March 2025, following a surplus in the prior year. Per the trustees' report, free reserves stood at £323,407, which is slightly above the targeted level of six months' charitable expenditure. The charity maintains a negative gearing position and relies on income from a sister charity and resident contributions to subsidize its social housing operations. Its FY2025 accounts were audited by Kinnair Associates Limited.
Charities like this
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY HANWELL
- ST MARY MAGDALENE AND HOLY JESUS TRUST
- THE VICTORIA ALMSHOUSES
- BEDWELLTY HOUSE AND PARK
- ST MARY MAGDALEN AND ST JOHN THE BAPTIST HOSPITALS CHARITY
- THE HOSPITAL OF GILBERT, EARL OF SHREWSBURY AT SHEFFIELD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| HOSPITAL OF ST MARY THE VIRGIN (RYE HILL AND BENWELL) | £510k | — | 0 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY HANWELL | £232k | — | 0 | unclear | — | no doubt |
| ST MARY MAGDALENE AND HOLY JESUS TRUST | £2.2m | £60,001 - £70,000 | — | no_policy | — | no doubt |
| THE VICTORIA ALMSHOUSES | £225k | — | 0 | unclear | — | no doubt |
| BEDWELLTY HOUSE AND PARK | £198k | — | 0 | below | — | no doubt |
| ST MARY MAGDALEN AND ST JOHN THE BAPTIST HOSPITALS CHARITY | £109k | — | 0 | above | — | no doubt |