COLTON'S HOSPITAL
The provision and maintenance of 12 cottages for "poor" women over the age of 55 without restriction as to religious affiliation or marital status.
Financial health, per its FY2024 accounts
The accounts state that the charity generated a total comprehensive income of £41,185 for the year ended 31 December 2024, with unrestricted reserves standing at £78,243. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future, confirming a healthy going concern status. Operating expenditure decreased significantly to £21,236 from £34,055 in the prior year, resulting in an operating surplus of £26,503.
What the accounts disclose
“Contributions from residents 47,594 46,653” — page 13
“Reserves are maintained in accordance with the recommendations of The Almshouse Association.” — page 5
Trustees
- ADRIAN LOVETT
- Dr Michael Herman Tyler
- Elizabeth Joan Sinanan
- Lesley Elaine Wilkinson
- Ms Dee Boyle
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £53k | £21k |
| 31/12/2023 | £51k | £34k |
| 31/12/2022 | £51k | £30k |
| 31/12/2021 | £48k | £31k |
| 31/12/2020 | £51k | £60k |
Common questions
Is COLTON'S HOSPITAL financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a total comprehensive income of £41,185 for the year ended 31 December 2024, with unrestricted reserves standing at £78,243. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future, confirming a healthy going concern status. Operating expenditure decreased significantly to £21,236 from £34,055 in the prior year, resulting in an operating surplus of £26,503. Its FY2024 accounts were independently examined.