WAKEFIELD CHARITIES HOMES
The provision of good quality accommodation at an affordable price to those in financial need, aged over 50, who have a connection with the City of Wakefield. The Homes comprise 31 dwellings, 17 at Horne Street, 4 at Holmfield Avenue and - following the merger with Dr Crowther's Almshouses - 6 at Westfield Road and 4 at George Street, Wakefield.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net outgoing of funds before investment gains of £92,796 and a net movement in funds of £98,861 due to investment losses. The trustees consider the result satisfactory given the focus on refurbishment and maintain that reserves remain appropriate and sufficient to cover future costs.
What the accounts disclose
“The Trustee has reviewed the Charity’s reserve policy and it has been agreed that the Charity should aspire to retain a sum of approximately £200,000 to allow for future unforeseen events.” — page 8
“Wakefield Charities’ Homes rents out land at Westfield Road to be used as a sports field by Wakefield Grammar School Foundation on an arm’s length basis at an annual charge to the Foundation of £2,500 (2024: £2,500).” — page 27
Property (HM Land Registry)
Register events
- Received assets from another charity (30/08/2016)
- Received assets from another charity (30/08/2016)
Trustees
- Wakefield Grammar School Foundation
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £107k | £200k |
| 31/03/2024 | £117k | £202k |
| 31/03/2023 | £116k | £153k |
| 31/03/2022 | £110k | £137k |
| 31/03/2021 | £105k | £116k |
Common questions
Is WAKEFIELD CHARITIES HOMES financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net outgoing of funds before investment gains of £92,796 and a net movement in funds of £98,861 due to investment losses. The trustees consider the result satisfactory given the focus on refurbishment and maintain that reserves remain appropriate and sufficient to cover future costs. Its FY2025 accounts were audited by Saffery LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Prosper Wakefield District Ltd | 1 | £2k |
Charities like this
- DIAL WAKEFIELD
- ANN CROWE'S AND WRIGHT'S ALMSHOUSE CHARITY
- WAKEFIELD BAPTIST CHURCH
- SALISBURY CITY ALMSHOUSE AND WELFARE CHARITIES
- THE ABERFORD ALMSHOUSES
- COMMUNITY FOUNDATION FOR WAKEFIELD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WAKEFIELD CHARITIES HOMES | £107k | — | 0 | unclear | — | no doubt |
| DIAL WAKEFIELD | £139k | — | 0 | unclear | — | no doubt |
| ANN CROWE'S AND WRIGHT'S ALMSHOUSE CHARITY | £104k | — | 0 | unclear | — | no doubt |
| WAKEFIELD BAPTIST CHURCH | £169k | — | 0 | above | — | no doubt |
| SALISBURY CITY ALMSHOUSE AND WELFARE CHARITIES | £2.5m | — | — | unclear | — | no doubt |
| THE ABERFORD ALMSHOUSES | £177k | — | 0 | above | — | no doubt |