MEGGS' ALMSHOUSE CHARITY
The Charity provides housing and support services to the elderly in almshouses in Upton Lane, east London.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £103,079 for the year ended 31 March 2025, resulting in total funds decreasing to £27,899. The trustees note that current reserves remain below their stated policy target of 12 months' operating costs, although they expect improvement following the completion of major fire alarm maintenance works. The charity also holds a significant cumulative debt of £312,178 owed to its managing agent, L&Q, which is to be repaid through future rental income deductions.
What the accounts disclose
“Current reserves remain below this target” — page 4
Trustees
- London & Quadrant Housing Trust
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £99k | £202k |
| 31/03/2024 | £70k | £253k |
| 30/06/2023 | £79k | £52k |
| 30/06/2022 | £78k | £52k |
| 30/06/2021 | £67k | £51k |
Common questions
Is MEGGS' ALMSHOUSE CHARITY financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £103,079 for the year ended 31 March 2025, resulting in total funds decreasing to £27,899. The trustees note that current reserves remain below their stated policy target of 12 months' operating costs, although they expect improvement following the completion of major fire alarm maintenance works. The charity also holds a significant cumulative debt of £312,178 owed to its managing agent, L&Q, which is to be repaid through future rental income deductions. Its FY2025 accounts were independently examined.
Who funds MEGGS' ALMSHOUSE CHARITY?
Funders whose own accounts filings name MEGGS' ALMSHOUSE CHARITY as a grant recipient include THE WHITECHAPEL EDUCATIONAL FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE WHITECHAPEL EDUCATIONAL FOUNDATION | FY2024 | £300 | Governance cost / Statutory payment |
| THE WHITECHAPEL EDUCATIONAL FOUNDATION | FY2023 | £250 | Governance costs / Statutory payment |