DR BABINGTONS ALMSHOUSE CHARITY
almshouse charity
Objects
1. PROVISION OF ALMSHOUSES FOR PERSONS IN NEED WHO ARE INHABITANTS OF THE BOROUGH OF CHARNWOOD, PREFERENCE BEING GIVEN TO QUALIFIED INHABITANTS OF THE PARISHES OF BARROW UPON SOAR QUORNDON OR MOUNTSORREL. 2. RELIEVING EITHER GENERALLY OR INDIVIDUALLY PERSONS RESIDENT IN THE PARISHES OF BARROW UPON SOAR QUORNDON OR MOUNTSORREL WHO ARE IN CONDITIONS OF NEED HARDSHIP OR DISTRESS BY MAKING GRANTS OF MONEY OR PROVIDING OR PAYING FOR ITERMS SERVICES OR FACILITIES CALCULATED TO REDUCE THE NEED HARDSHIP OR DISTRESS OF SUCH PERSONS
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net outgoing of resources for the year, resulting in a decrease in total fund balances from £276,064 to £272,750. The trustees maintain unrestricted funds to cover day-to-day running and emergency repairs, with the policy target defined as sufficient funds for these purposes rather than a specific monetary amount. The independent examiner confirmed that no material matters came to their attention that would cause concern regarding the accounts.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at such a level to provide sufficient funds to cover the management and administration of the day-to-day running and to be able to respond to any emergency repairs that may arise.” — page 1
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
Trustees
- CHRIS RONALD
- Claire Elizabeth Forrest
- ELIZABETH M YATES
- James Alexander Tait Orr
- Olwen Jones
- PAULINE RANSON
- Paul Kingham
- Rev CLIVE ROGER WATTS
- Rev IAN SMITH
- SHARON JOANNE GUDGER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £26k | £30k |
| 31/03/2024 | £26k | £28k |
| 31/03/2023 | £23k | £23k |
| 31/03/2022 | £22k | £18k |
| 31/03/2021 | £22k | £16k |
Common questions
Is DR BABINGTONS ALMSHOUSE CHARITY financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net outgoing of resources for the year, resulting in a decrease in total fund balances from £276,064 to £272,750. The trustees maintain unrestricted funds to cover day-to-day running and emergency repairs, with the policy target defined as sufficient funds for these purposes rather than a specific monetary amount. The independent examiner confirmed that no material matters came to their attention that would cause concern regarding the accounts. Its FY2025 accounts were independently examined.