HEZMALHALCH'S CHARITY
An almshouse trustProvides accommodation for older people from the local area in 5 cottages associated with the attached chapel of ease.Maintains the cottages for the residents.
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net surplus of £25,807 for the year, bringing total reserves to £170,806. The trustees report that the charity employs no staff and incurs no support costs, with income primarily derived from almshouse rents and investments. While the charity is currently in a surplus position, the trustees note that the transfer of assets to a new Charitable Incorporated Organisation is ongoing and trustees remain exposed to personal liability until this process is completed.
What the accounts disclose
“The Trustees current policy is to build up reserves to enable sufficient funds to be available to cover maintenance requirements for the Almshouses and to support Felliscliffe Chapel of Ease.” — page 5
Trustees
- MR REGINALD WILLIAM HOUSEMANchair
- JOHN RICHARD SIMS LAZENBY
- Josephine Elizabeth Caroline Shepherd
- MR JOSEPH ANDREW BROWN
- PETER CHARLES NICOLAS CAPEL-CURE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £26k | £4k |
| 31/12/2023 | £24k | £15k |
| 31/12/2022 | £22k | £6k |
| 31/12/2021 | £9k | £29k |
| 31/12/2020 | £16k | £76k |
Common questions
Is HEZMALHALCH'S CHARITY financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a net surplus of £25,807 for the year, bringing total reserves to £170,806. The trustees report that the charity employs no staff and incurs no support costs, with income primarily derived from almshouse rents and investments. While the charity is currently in a surplus position, the trustees note that the transfer of assets to a new Charitable Incorporated Organisation is ongoing and trustees remain exposed to personal liability until this process is completed. Its FY2024 accounts were independently examined.