THE RETREAT
The charity runs a group of seven almshouses for elderly people.
Financial health, per its FY2024 accounts
The accounts state that the year was financially successful with 100% property occupancy and reserves exceeding £117,000. The trustees report that these reserves were built up in accordance with their policy to cover major maintenance expenditures, such as window replacement. The filing indicates adequate resources with no material uncertainties disclosed.
What the accounts disclose
“The reserves were built up to over £100,000 in preparation for the major expenditure for the replacement of windows of £45,000 in total.” — page 1
Trustees
- Anthony John Stratton
- Gillian Margaret Clayton
- Mark Adam Boomla
- Peter Joseph Robinson
- Susan Anne Richardson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £32k | £25k |
| 31/12/2023 | £28k | £24k |
| 31/12/2022 | £25k | £22k |
| 31/12/2021 | £27k | £14k |
| 31/12/2020 | £24k | £16k |
Common questions
Is THE RETREAT financially healthy?
Per its FY2024 accounts: The accounts state that the year was financially successful with 100% property occupancy and reserves exceeding £117,000. The trustees report that these reserves were built up in accordance with their policy to cover major maintenance expenditures, such as window replacement. The filing indicates adequate resources with no material uncertainties disclosed. Its FY2024 accounts were independently examined.