THE HOPMARKET CHARITY
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves of £59,134 are held to fund ongoing expenditure if rental income drops. However, the trustees report an uncertainty regarding the charity's ability to continue as a going concern due to substantial renovation costs that may exceed current free reserves. Consequently, no grants were awarded for 2025/26, with the surplus retained to cover building-related costs.
What the accounts disclose
“The Charity holds general unrestricted funds (which excludes amounts held in designated funds) of £59,134 (2024 - £60,926) to fund ongoing expenditure if there is a future drop in rental income received by the Charity.” — page 4
“until a decision regarding the future of the property is reached and the impact on the reserves is known, there remains some uncertainty as to the charity's ability to continue as a going concern.” — page 10
“Worcester City Council provides key management personnel services to the charity. Worcester City Council received key management personnel remuneration for these services of £16,300 (2024 - £16,300). During the year Worcester City Council made payments to third parties as agent of the charity totalling £119,613 (2024 - £87,067). At the year end the charity owed Worcester City Council £135,913 (2024 - £103,367). There were no other related party transactions in the year.” — page 16
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → going-concern doubt noted (FY2025).
Trustees
- MR BILL SIMPSONchair
- Adam Cedric Hudson Scott
- Elizabeth Demaison
- Jennifer Barnes
- Karen Michelle Holmes
- Louis Joseph Shay Stephen
- Lynn Denham
- Stephen Anthony Hodgson
- Victoria Pingree
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £212k | £216k |
| 31/03/2024 | £196k | £187k |
| 31/03/2023 | £149k | £180k |
| 31/03/2022 | £154k | £103k |
| 31/03/2021 | £138k | £106k |
Common questions
Is THE HOPMARKET CHARITY financially healthy?
The accounts state that unrestricted reserves of £59,134 are held to fund ongoing expenditure if rental income drops. However, the trustees report an uncertainty regarding the charity's ability to continue as a going concern due to substantial renovation costs that may exceed current free reserves. Consequently, no grants were awarded for 2025/26, with the surplus retained to cover building-related costs. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HOLMFIELD CHARITABLE TRUST | 1 | £202k |
| GIVE US A CHANCE | 1 | £167k |
| ZLOTCHIV | 1 | £157k |
| ZICHRON MEIR LIMITED | 1 | £65k |
| THE KNIGHTLAND FOUNDATION | 1 | £50k |
| UOHC FOUNDATION LTD | 1 | £40k |
| THE RAPHAEL FRESHWATER MEMORIAL ASSOCIATION | 1 | £25k |
| CML - CHEVRAS MO'OZ LADOL | 1 | £21k |