THORNBURY CONSOLIDATED CHARITIES
The trust owns almshouses in the form of four flats in Thornbury and makes grants in to those in need in the parish. This trust also owns a commercial property on Thornbury High Street, and allotments with over 140 plots. The rental income of the commercial property and allotments helps to finance the Almshouses and grants.
Financial health, per its FY2024 accounts
The accounts state that free reserves were £160,450, which the trustees note reflects 2.6 times the average expenditure of £63,012, sitting within their policy target of between two and four times annual expenditure. However, the trustees report uncertainty regarding the future of 34 High Street, noting that the ringfenced repair fund of £65,847 may be insufficient if renovation costs reach the top end of the estimated £50,000 to £150,000 range.
What the accounts disclose
“The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ("the free reserves") held by the charity should be between twice and four times the average of the last three years expenditure.” — page 5
“One Trustee rents a plot at Daggs with an annual fee of £32.” — page 18
“One Trustee had travel expenses amounting to £6.” — page 18
“One Trustee rents a plot at Daggs with an annual fee of £32.” — page 18
“One Trustee had travel expenses amounting to £6.” — page 18
Register events
- Received assets from another charity (10/04/2019)
Trustees
- Angela Catherine Symonds
- Christopher John Davies
- Fiona Margo Lillibeth Deas
- Ian John Dibble
- PAUL MICHAEL MORRISH
- Peggy Anne Belbin
- Timothy Paul Pearce
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £47k | £81k |
| 31/12/2023 | £60k | £61k |
| 31/12/2022 | £58k | £49k |
| 31/12/2021 | £46k | £58k |
| 31/12/2020 | £55k | £48k |
Common questions
Is THORNBURY CONSOLIDATED CHARITIES financially healthy?
Per its FY2024 accounts: The accounts state that free reserves were £160,450, which the trustees note reflects 2.6 times the average expenditure of £63,012, sitting within their policy target of between two and four times annual expenditure. However, the trustees report uncertainty regarding the future of 34 High Street, noting that the ringfenced repair fund of £65,847 may be insufficient if renovation costs reach the top end of the estimated £50,000 to £150,000 range. Its FY2024 accounts were independently examined.