KING EDWARD VI ALMSHOUSE, SCHOOL AND EDUCATIONAL CHARITY, AT LOUTH
Provide relief generally or individuallyfor persons in the parish of North Somercotes. Provide accomodation for the benefit of those in need in the Louth area in the almshouses of the charity. To provide financial assistance for the duration of children at the school who may need it. Provide the school benefits not normally given by the LEA. To provide scholarships for higher or further education.
Objects
1) PAYMENT OF A YEARLY SUM OF ú70 TO THE CHARITY CALLED DERELICT LANDS.2) FOR THE BENEFIT OF THE POOR OF THE PARISH EITHER GENERALLY OR INDIVIDUALLY.3) FOR THE BENEFIT OF THE RESIDENTS OF ALMSHOUSES.4) PROVIDING FOR THE SCHOOL SUCH SPECIAL BENEFITS OF ANY KIND NOT NORMALLY PROVIDED BY THE LOCAL EDUCATION AUTHORITY.5) PROMOTING THE EDUCATION OF CHILDREN ATTENDING THE SCHOOL WHO ARE IN NEED OF FINANCIAL ASSISTANCE.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net movement in funds of a loss of £14,337 for the year ended 31st March 2025, with unrestricted reserves standing at £113,842. The charity plans to continue its activities subject to satisfactory funding arrangements and holds significant investments totaling £603,918. The independent examiner confirmed that no material matters came to their attention regarding the accounts.
What the accounts disclose
“The Governors have established a policy to maintain a level of free reserves (ie. unrestricted funds not committed or invested in tangible fixed assets) such that when the liquid assets of the Charity are invested in well established low risk funds they will generate sufficient income to enable the Charity to meet its objectives.” — page 6
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Risk management
- Trustee conflicts of interest policy and procedures
Trustees
- EILEEN BALLARDchair
- ANDREW LEONARD
- CHARLES EDWARD HUGO MARFLEET
- GILLIAN MAKINSON-SAUNDERS
- IAN THOMAS TROWSDALE
- JOHN WALKER
- JULIE ANNE BARTON
- Mrs Sue Locking
- PAUL NURSE STARSMORE
- ROBERT MALTMAN
- SUSAN HAWSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £65k | £55k |
| 31/03/2024 | £55k | £15k |
| 31/03/2023 | £44k | £24k |
| 31/03/2022 | £39k | £22k |
| 31/03/2021 | £38k | £17k |
Common questions
Is KING EDWARD VI ALMSHOUSE, SCHOOL AND EDUCATIONAL CHARITY, AT LOUTH financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net movement in funds of a loss of £14,337 for the year ended 31st March 2025, with unrestricted reserves standing at £113,842. The charity plans to continue its activities subject to satisfactory funding arrangements and holds significant investments totaling £603,918. The independent examiner confirmed that no material matters came to their attention regarding the accounts. Its FY2025 accounts were independently examined.