ST PETER'S HOSTEL FOR MEN
General Charitable PurposesReligious Activities
Objects
1) LODGING HOUSE OR A HOSTEL FOR POOR WORKING MEN 2) ANY RESIDUE FOR THE BENEFIT OF THE WORK OF THE CHURCH OF ENGLAND IN THE PARISH B) FOR CHURCH PURPOSES
Financial health, per its FY2025 accounts
The charity reported a net operating deficit of £4,407 for the year, which was offset by a £10,461 gain on investments, resulting in a net movement in funds of £6,054. The charity relies entirely on investment income from rental properties and listed investments to fund its activities and maintain reserves. The trustees aim to hold free reserves equivalent to three months of unrestricted expenditure, with actual free reserves standing at £62,548 against a policy target based on that metric.
What the accounts disclose
“The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure.” — page 5
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £82k | £87k |
| 31/05/2024 | £76k | £71k |
| 31/05/2023 | £99k | £66k |
| 31/05/2022 | £73k | £50k |
| 31/05/2021 | £66k | £82k |
Common questions
Is ST PETER'S HOSTEL FOR MEN financially healthy?
Per its FY2025 accounts: The charity reported a net operating deficit of £4,407 for the year, which was offset by a £10,461 gain on investments, resulting in a net movement in funds of £6,054. The charity relies entirely on investment income from rental properties and listed investments to fund its activities and maintain reserves. The trustees aim to hold free reserves equivalent to three months of unrestricted expenditure, with actual free reserves standing at £62,548 against a policy target based on that metric. Its FY2025 accounts were independently examined.