BISHOP SETH WARD ALMSHOUSE TRUST
The objective of the Bishop Seth Ward Almshouse Trust is to help house underprivileged mature adults in Buntingford, Hertfordshire. The Trust raises funds through the letting of endowment and investment properties to support the running and maintenance of the Almshouses.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £65,424 for the year ended 31 December 2024, with unrestricted reserves totaling £587,634. The trustees confirm that resources are adequate to continue as a going concern, noting that budgeted income and expenditure are sufficient for the next 12 months. However, the trustees acknowledge that cash reserves are currently short of the estimated £500,000 target required for the replacement of the building's roof.
What the accounts disclose
“The replacement of the roof of the building is estimated to be around £500,000 and cash reserves are still short of this target.”
Property (HM Land Registry)
Trustees
- Aubrey Holt
- Douglas Colin Edward Wilson
- Douglas Handy
- Jeanette Dingley
- Jon Paterson
- Joyce Dobner
- Kay Newland
- Michael Sheppard
- Michelle Hume
- Rev Kirsty Wainwright
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £108k | £49k |
| 31/12/2023 | £93k | £62k |
| 31/12/2022 | £83k | £36k |
| 31/12/2021 | £79k | £30k |
| 31/12/2020 | £81k | £26k |
Common questions
Is BISHOP SETH WARD ALMSHOUSE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £65,424 for the year ended 31 December 2024, with unrestricted reserves totaling £587,634. The trustees confirm that resources are adequate to continue as a going concern, noting that budgeted income and expenditure are sufficient for the next 12 months. However, the trustees acknowledge that cash reserves are currently short of the estimated £500,000 target required for the replacement of the building's roof. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JOHN SWIRE 1989 CHARITABLE TRUST | 1 | £51k |
| THE FRANCIS WINHAM FOUNDATION | 1 | £21k |
| COVENTRY CHURCH (MUNICIPAL) CHARITIES | 1 | £14k |
| THE WILLIAM DELAFIELD CHARITABLE TRUST | 1 | £10k |
| THE HOBSON CHARITY LIMITED | 1 | £10k |
| THE EDWARD CADBURY CHARITABLE TRUST | 1 | £10k |
| THE LESLIE MARY CARTER CHARITABLE TRUST | 1 | £5k |
| ANSON CHARITABLE TRUST | 1 | £2k |
Charities like this
- WIMBLEDON ENDOWED ALMSHOUSE CHARITY
- THE ABERFORD ALMSHOUSES
- HENRY BURTON ALMSHOUSE CHARITY
- THE JAMES LLOYD ALMSHOUSES
- THE SHANDFORD TRUST
- THE WILKES ALMS CHARITY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| BISHOP SETH WARD ALMSHOUSE TRUST | £108k | — | 0 | below | — | no doubt |
| WIMBLEDON ENDOWED ALMSHOUSE CHARITY | £196k | — | 0 | within | — | no doubt |
| THE ABERFORD ALMSHOUSES | £177k | — | 0 | above | — | no doubt |
| HENRY BURTON ALMSHOUSE CHARITY | £183k | — | 0 | unclear | — | no doubt |
| THE JAMES LLOYD ALMSHOUSES | £233k | — | 0 | above | — | no doubt |
| THE SHANDFORD TRUST | £125k | — | 0 | unclear | — | no doubt |