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Wyggestons and Trinity Almshouses

Registered charity 216873 · accounts filings on the Charity Commission register · also known as HOSPITAL OF WILLIAM WYGGESTON AND THE HOSPITAL BRANCH, WYGGESTONS HOSPITAL · listed website unreachable when last crawled

Latest income
£3.5m
Latest spending
£4.5m
Registered
1963
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the Charity reported a net expenditure of £1,041,813 for the year, resulting in a decrease in total funds. The Trustees' report notes that free reserves are negative £2,120,517, which is below the stated policy target of six months of annual expenditure, largely due to capital projects financed from existing cash resources. Despite this, the Trustees and auditors confirm the Charity is a going concern with sufficient financial resources and contingency planning to continue operations for at least twelve months.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“The level of free reserves remains below the target set by the Trustees largely as a result of the Lancaster House and cottages capital project being financed out of existing cash resources” — page 17
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grant to Wyggeston School Foundation
“During the year a grant of £5,000 (2023: £5,000) was awarded by the Charity to Wyggeston School Foundation.” — page 61
Per its FY2024 accounts as filed with the Charity Commission.
Pension scheme deficit: £16.1m
“This valuation showed assets of £514.9m, liabilities of £531.0m and a deficit of £16.1m.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by MHA.

Corporate structure

Structured financials (annual return, FY ending 31/12/2024)

Total income
£3.5m
Total spending
£4.5m
Cost of raising funds
£314k
Reserves (reported)
£2.1m
Employees
68

Reported reserves equal ~5.6 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

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

Operates in: Leicester City · Leicestershire

Income and spending

Financial year endIncomeSpending
31/12/2024£3.5m£4.5m
31/12/2023£3.3m£3.9m
31/12/2022£3.0m£2.6m
31/12/2021£2.6m£2.7m
31/12/2020£2.4m£2.4m

Common questions

Is Wyggestons and Trinity Almshouses financially healthy?

The accounts state that the Charity reported a net expenditure of £1,041,813 for the year, resulting in a decrease in total funds. The Trustees' report notes that free reserves are negative £2,120,517, which is below the stated policy target of six months of annual expenditure, largely due to capital projects financed from existing cash resources. Despite this, the Trustees and auditors confirm the Charity is a going concern with sufficient financial resources and contingency planning to continue operations for at least twelve months. Its FY2024 accounts were audited by MHA.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
ESTATE CHARITY OF WILLIAM HATCLIFFE1£1.1m
SIR ROBERT GEFFERY'S ALMSHOUSE TRUST1£134k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with GREENWICH CHARITY OF WILLIAM HATCLIFFE AND THE MISSES SMITH.