WIGGIN COTTAGE HOMES
The trust owns 6 cottages in Birmingham and lets these through a managing agent to residents. Lettings are means tested.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of £21,102 for the year ended 31 March 2025, with total unrestricted funds increasing to £311,028. The trustees confirm that the financial position is adequate to meet objectives and that the charity is operating on a going concern basis. No employees are recorded, and governance costs are managed through a connected managing agent.
What the accounts disclose
“Reserves are being maintained to fund the charitable activity of running the almshouses” — page 5
“The management fee charged in the year was £6,391 (2024 - £6,086). Broadening Choices for Older People pools surplus funds with connected parties to easily manage the investment portfolio. Interest is charged on the loans at the group's deposit rate. During the year, the Charity received £4,870 (2024 - £1,652) on deposits held with Broadening Choices for Older People. At the balance sheet date, £200,233 (2024 - £210,048) was due to the Charity from Broadening Choices for Older People.”
Trustees
- BENJAMIN HENRY EDWARD WIGGIN BA MSI DIPchair
- Brian Toner
- John Bennett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £50k | £28k |
| 31/03/2024 | £51k | £20k |
| 31/03/2023 | £51k | £22k |
| 31/03/2022 | £47k | £22k |
| 31/03/2021 | £30k | £48k |
Common questions
Is WIGGIN COTTAGE HOMES financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a surplus of £21,102 for the year ended 31 March 2025, with total unrestricted funds increasing to £311,028. The trustees confirm that the financial position is adequate to meet objectives and that the charity is operating on a going concern basis. No employees are recorded, and governance costs are managed through a connected managing agent. Its FY2025 accounts were independently examined.