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.
Objects
FOR THE MAINTENANCE AND REPAIR OF A HOSPITAL FOR 4 POOR MEN AND 4 POOR WOMEN, BEING WIDOWERS, WIDOWS, OR SUCH AS HAD NOT BEEN MARRIED; POOR PERSONS TO BE 60 YEARS OF AGE AND OVER AND OF GOOD REPUTE. TWO OF THE MEN AND TOW OF THE WOMEN ALWAYS TO BE SELECTED FORM THE INHABITANTS OF THE PARISH OF ASPENDEN, AND TOW OF THE MEN AND TWO OF THE WOMEN TO COME FROM THE PARISH OF LAYSTON. IF NONE SO QUALIFIED, INHABITANTS OF THE TOWN OF BUNTINGFORD. INMATES SHALL NOT HAVE OR BE WORTH TEN POUNDS OVER AND ABOVE THEIR WEARING APPAREL AND NECESSARY HOUSEHOLD GOODS, NOT ANY YEARLY INCOME OR PERSONAL ESTATE OF THAT VALUE.
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.”
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
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 |
|---|---|---|
| THE EDWARD CADBURY CHARITABLE TRUST | 1 | £10k |
Charities like this
- WIMBLEDON ENDOWED ALMSHOUSE CHARITY
- THE ALMSHOUSES OF JOHN ISBURY AND JACOB HARDRETT
- THE ABERFORD ALMSHOUSES
- HENRY BURTON ALMSHOUSE CHARITY
- WILLIAM LOVETT'S ALMSHOUSE CHARITY
- THE JAMES LLOYD ALMSHOUSES
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 ALMSHOUSES OF JOHN ISBURY AND JACOB HARDRETT | £103k | — | 0 | above | — | no doubt |
| THE ABERFORD ALMSHOUSES | £177k | — | 0 | above | — | no doubt |
| HENRY BURTON ALMSHOUSE CHARITY | £183k | — | 0 | unclear | — | no doubt |
| WILLIAM LOVETT'S ALMSHOUSE CHARITY | £491k | — | 0 | unclear | — | no doubt |