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CHARITIES OF NICHOLAS AND BEAMOND

Registered charity 226799 · accounts filings on the Charity Commission register · also known as SALTERS GARDENS, WATFORD ALMSHOUSES

To provide sheltered accommodation for residents over 60 years old on limited income under the Almshouse Trust under the lease with Warden Housing (now Home Group) and to benefit poor members of the Salters' Company and poor people in Greater London.

Causes: Accommodation/housing · website · Get email alerts

Latest income
£58k
Latest spending
£52k
Registered
1963
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves were £86,478 at year-end, which exceeds the Trustee's stated policy target of holding reserves equal to at least one year's expenditure (£52,457). The charity reported a net gain of £106,445 for the year, driven by investment gains, and the auditors confirmed there are no material uncertainties regarding its ability to continue as a going concern.

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

What the accounts disclose

Reserves policy: at least one year's expenditure (held: £86k)
“It is the Trustee's intention to hold reserves excluding the endowment equal to at least one year's expenditure.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Recharged employment and accommodation charges from The Salters' Management Company Ltd, a subsidiary of the Trustee.
“Expenditure for the year includes £19,059 (2024: £17,605) relating to recharged employment and accommodation charges from The Salters' Management Company Ltd. The Salters' Management Company Ltd is a subsidiary of the Salters' Company, the Charity's Trustee. At the year end the Charity owed £4,406 (2024: £4,750) to The Salters' Management Company Limited.” — page 14
“Salters' Charitable Foundation is an associated charity. During the year the Charity made a grant of £30,000 (2024: £25,000) to Salters' Charitable Foundation.” — page 14
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grant made to Salters' Charitable Foundation, an associated charity.
“Expenditure for the year includes £19,059 (2024: £17,605) relating to recharged employment and accommodation charges from The Salters' Management Company Ltd. The Salters' Management Company Ltd is a subsidiary of the Salters' Company, the Charity's Trustee. At the year end the Charity owed £4,406 (2024: £4,750) to The Salters' Management Company Limited.” — page 14
“Salters' Charitable Foundation is an associated charity. During the year the Charity made a grant of £30,000 (2024: £25,000) to Salters' Charitable Foundation.” — page 14
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Saffery LLP. Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): facebook · instagram

Trustees · trustee networks

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

Operates in: Hertfordshire · Throughout London

Income and spending

Financial year endIncomeSpending
30/06/2025£58k£52k
30/06/2024£57k£47k
30/06/2023£55k£50k
30/06/2022£52k£46k
30/06/2021£41k£37k

Common questions

Is CHARITIES OF NICHOLAS AND BEAMOND financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves were £86,478 at year-end, which exceeds the Trustee's stated policy target of holding reserves equal to at least one year's expenditure (£52,457). The charity reported a net gain of £106,445 for the year, driven by investment gains, and the auditors confirmed there are no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were audited by Saffery LLP.