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THE SPON LANE TRUST ALMSHOUSES

Registered charity 219241 · accounts filings on the Charity Commission register

Providing affordable housing for the elderly

Causes: Accommodation/housing · website · Get email alerts

Latest income
£93k
Latest spending
£42k
Registered
1963
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves stood at £586,758, an increase from the previous year's £548,792. The trustees report that the charity relies on financial support from its parent group, Sanctuary Housing Association, acknowledging that there is no certainty this support will continue, though they currently have no reason to believe it will not.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Payments to trustees: The Charity paid the Trustee (Sanctuary Housing Association) £9,112 in management fees. Committee members receive salaries as employees of the parent undertaking.
“During the year, the Charity paid the Trustee £9,112 (2024: £8,678) in the form of a management fee. Members of the Committee of Management receive salaries in their capacity as employees of the ultimate parent undertaking, Sanctuary Housing Association.” — page 17
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Management fee paid to trustee (Sanctuary Housing Association)
“During the year, the Charity paid the Trustee £9,112 (2024: £8,678) in the form of a management fee. Members of the Committee of Management receive salaries in their capacity as employees of the ultimate parent undertaking, Sanctuary Housing Association.” — page 17
“However, a recharge is made by the Charity undertaking, Sanctuary Housing Association, in respect of a warden who works part-time on the scheme. For the year ended 31 March 2025 this amounted to £2,809 (2024: £2,989).”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Warden recharge from parent undertaking
“During the year, the Charity paid the Trustee £9,112 (2024: £8,678) in the form of a management fee. Members of the Committee of Management receive salaries in their capacity as employees of the ultimate parent undertaking, Sanctuary Housing Association.” — page 17
“However, a recharge is made by the Charity undertaking, Sanctuary Housing Association, in respect of a warden who works part-time on the scheme. For the year ended 31 March 2025 this amounted to £2,809 (2024: £2,989).”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by KPMG LLP. Discloses 4 of 6 completeness components.

Trustees · trustee networks

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

Operates in: Sandwell

Income and spending

Financial year endIncomeSpending
31/03/2025£93k£42k
31/03/2024£81k£47k
31/03/2023£74k£29k
31/03/2022£70k£24k
31/03/2021£71k£49k

Common questions

Is THE SPON LANE TRUST ALMSHOUSES financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £586,758, an increase from the previous year's £548,792. The trustees report that the charity relies on financial support from its parent group, Sanctuary Housing Association, acknowledging that there is no certainty this support will continue, though they currently have no reason to believe it will not. Its FY2025 accounts were audited by KPMG LLP.