WESTMINSTER ALMSHOUSES FOUNDATION
Provision of almshouses for older people and grants to individuals
Financial health, per its FY2024 accounts
The charity reported a net movement in funds of £1,900,057 for the year ended 31 December 2024, driven by significant investment gains. The accounts state that the charity holds sufficient resources, including £4,482 in cash and £16.6 million in investments, to meet its liabilities as they fall due, with no material uncertainties identified regarding its ability to continue as a going concern.
What the accounts disclose
“The reserves policy is to maintain significant free reserves to ensure that the charity can afford to maintain and improve the almshouse estate, which comprises grade two listed buildings, whenever the need arises.” — page 8
“In 2023 Councillor Jim Glen who is a director and a member of the Grants Committee is also the chair of governors for St Peter's School which was awarded a grant of £10,000. Councillor Glen withdrew from discussions and the decision making for this.” — page 28
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Westminster Almshouses Corporate Trustee
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £861k | £1.0m |
| 31/12/2023 | £881k | £901k |
| 31/12/2022 | £798k | £845k |
| 31/12/2021 | £742k | £852k |
| 31/12/2020 | £769k | £908k |
Common questions
Is WESTMINSTER ALMSHOUSES FOUNDATION financially healthy?
Per its FY2024 accounts: The charity reported a net movement in funds of £1,900,057 for the year ended 31 December 2024, driven by significant investment gains. The accounts state that the charity holds sufficient resources, including £4,482 in cash and £16.6 million in investments, to meet its liabilities as they fall due, with no material uncertainties identified regarding its ability to continue as a going concern. Its FY2024 accounts were audited by Buzzacott Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JOHN SWIRE 1989 CHARITABLE TRUST | 1 | £50k |
| THE FRANCIS WINHAM FOUNDATION | 1 | £21k |
| COVENTRY CHURCH (MUNICIPAL) CHARITIES | 1 | £14k |
| THE EDWARD CADBURY CHARITABLE TRUST | 1 | £10k |
| THE WILLIAM DELAFIELD CHARITABLE TRUST | 1 | £10k |
| THE LESLIE MARY CARTER CHARITABLE TRUST | 1 | £5k |
| ANSON CHARITABLE TRUST | 1 | £2k |
| CORAM LIFE EDUCATION | 1 | £2k |
Charities like this
- WIMBLEDON ENDOWED ALMSHOUSE CHARITY
- WESTMINSTER AMALGAMATED CHARITY
- WESTMINSTER FUND
- THE JAMES LLOYD ALMSHOUSES
- THE GEORGE WOOFINDIN ALMSHOUSES
- The Almshouse Association
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WESTMINSTER ALMSHOUSES FOUNDATION | £861k | — | 0 | above | — | no doubt |
| WIMBLEDON ENDOWED ALMSHOUSE CHARITY | £196k | — | 0 | within | — | no doubt |
| WESTMINSTER AMALGAMATED CHARITY | £260k | — | 0 | unclear | — | no doubt |
| WESTMINSTER FUND | £23.8m | — | 0 | unclear | — | no doubt |
| THE JAMES LLOYD ALMSHOUSES | £233k | — | 0 | above | — | no doubt |
| THE GEORGE WOOFINDIN ALMSHOUSES | £161k | — | 0 | unclear | — | no doubt |