WHITEHEAD ALMSHOUSES
Rented accomodation - 12 units
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £41,238 for the year ended 31 December 2024, with total reserves increasing to £570,169. The trustees report that free cash reserves equate to a minimum of 3 months of anticipated housing costs, indicating adherence to their stated reserves policy. The filing confirms compliance with the Governance and Financial Viability Standard with no instances of non-compliance identified.
What the accounts disclose
“The trustees have established a policy of maintaining free cash reserves which equate to a minimum of 3 months anticipated housing costs.” — page 4
“During the year remuneration of £1,342 (2023: £nil) was awarded to a related party of Reverend Christopher Kennedy in relation to clerk services provided to the charity.” — page 16
“During the year remuneration of £1,342 (2023: £nil) was awarded to a related party of Reverend Christopher Kennedy in relation to clerk services provided to the charity.” — page 16
Trustees
- Graham Essex
- MARGARET MORRIS
- Nick Bushall
- Rev Christopher Kennedy
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £48k | £18k |
| 31/12/2023 | £30k | £27k |
| 31/12/2022 | £24k | £26k |
| 31/12/2021 | £20k | £18k |
| 31/12/2020 | £18k | £31k |
Common questions
Is WHITEHEAD ALMSHOUSES financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a surplus of £41,238 for the year ended 31 December 2024, with total reserves increasing to £570,169. The trustees report that free cash reserves equate to a minimum of 3 months of anticipated housing costs, indicating adherence to their stated reserves policy. The filing confirms compliance with the Governance and Financial Viability Standard with no instances of non-compliance identified. Its FY2024 accounts were independently examined.