DR BABINGTONS ALMSHOUSE CHARITY
almshouse charity
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
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.