AGED MERCHANT SEAMEN'S HOMES
1) REPAIR AND MAINTENANCE OF ALMSHOUSES FOR DESERVING POOR PERSONS WHO ARE RETIRED SEAMEN, WIDOWS OR DAUGHTERS BEING NOT LESS THAN FIFTY YEARS OF AGE.2) BENEFIT OF THE OCCUPANTS OF THE SAID ALMSHOUSES.
Objects
1) REPAIR AND MAINTENANCE OF ALMSHOUSES FOR DESERVING POOR PERSONS WHO ARE RETIRED SEAMEN, WIDOWS OR DAUGHTERS BEING NOT LESS THAN FIFTY YEARS OF AGE. 2) BENEFIT OF THE OCCUPANTS OF THE SAID ALMSHOUSES.
Financial health, per its FY2026 accounts
The charity reported a retained loss of £1,265,773 for the 15-month period ended 31 March 2026, significantly reducing its net assets from £1,922,305 to £656,532. Unrestricted reserves stood at £350,762, which the trustees consider below their stated policy target of maintaining at least twelve months of unrestricted expenditure. The accounts were prepared on a going concern basis, with the trustees considering it appropriate for the foreseeable future.
What the accounts disclose
“Income represents rent and service charges receivable from residents' net of rent and service charge losses from voids.” — page 9
“It is the policy of the Trust to maintain unrestricted funds at a level which equates to at least twelve months unrestricted expenditure.” — page 9
“At the period end, the Company was owed £15,875 (2024: £3,333) by Back on the Map Enterprises Limited, an entity also within the Back on the Map Limited Group.” — page 13
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investment
- Risk management
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Structured financials (annual return, FY ending 31/03/2026)
Register events
- Received assets from another charity (05/09/2019)
Trustees
- HENDON HOMES MANAGEMENT COMPANY LIMITED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2026 | £573k | £236k |
| 31/12/2024 | £185k | £229k |
| 31/12/2023 | £148k | £206k |
| 31/12/2022 | £133k | £184k |
| 31/12/2021 | £127k | £165k |
Common questions
Is AGED MERCHANT SEAMEN'S HOMES financially healthy?
Per its FY2026 accounts: The charity reported a retained loss of £1,265,773 for the 15-month period ended 31 March 2026, significantly reducing its net assets from £1,922,305 to £656,532. Unrestricted reserves stood at £350,762, which the trustees consider below their stated policy target of maintaining at least twelve months of unrestricted expenditure. The accounts were prepared on a going concern basis, with the trustees considering it appropriate for the foreseeable future. Its FY2026 accounts were independently examined.
Who funds AGED MERCHANT SEAMEN'S HOMES?
Funders whose own accounts filings name AGED MERCHANT SEAMEN'S HOMES as a grant recipient include THE SIR TOM COWIE CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE SIR TOM COWIE CHARITABLE TRUST | FY2024 | £30k |
Charities like this
- THE MELKSHAM ALMSHOUSES CHARITIES
- THE MCDONALD AND TRIMMER ALMSHOUSE CHARITY
- METROPOLITAN BENEFIT SOCIETIES' ALMSHOUSES
- THE GEORGE GIBSON ALMSHOUSES FOUNDATION TRUST
- JAMES SMITH'S ALMSHOUSE CHARITY
- GLYMPTON ALMSHOUSES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| AGED MERCHANT SEAMEN'S HOMES | £573k | — | 0 | below | — | no doubt |
| THE MELKSHAM ALMSHOUSES CHARITIES | £35k | — | 0 | above | — | no doubt |
| THE MCDONALD AND TRIMMER ALMSHOUSE CHARITY | £108k | — | 0 | unclear | — | no doubt |
| METROPOLITAN BENEFIT SOCIETIES' ALMSHOUSES | £284k | — | 0 | unclear | — | no doubt |
| THE GEORGE GIBSON ALMSHOUSES FOUNDATION TRUST | £438k | — | — | unclear | — | no doubt |
| JAMES SMITH'S ALMSHOUSE CHARITY | £88k | — | 0 | unclear | — | no doubt |