THE HOPMARKET CHARITY
The income from the assets of the Charity is held on trust to apply the same for the benefit of needy persons in the City of Worcester. Needy persons are defined for the purposes of the Charity as persons who by reason of poverty, sickness or infirmity whether young or old are in need of financial assistance, care or attention.
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
“Rents received 211,739” — page 17
“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
Property (HM Land Registry)
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?
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. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| POSSUK LIMITED | 2 | £25k |
| SHAAREI RACHAMIM LIMITED | 2 | £15k |
| GIVE US A CHANCE | 1 | £227k |
| HOLMFIELD CHARITABLE TRUST | 1 | £202k |
| ZLOTCHIV | 1 | £157k |
| ZICHRON MEIR LIMITED | 1 | £65k |
| UNITED TALMUDICAL ASSOCIATES LTD | 1 | £54k |
| THE KNIGHTLAND FOUNDATION | 1 | £50k |
Charities like this
- HANDS OF GIVING FOUNDATION
- WORCESTER MUNICIPAL CHARITIES (CIO)
- THE EARL OF SOUTHAMPTON TRUST
- THE NANI HUYU CHARITABLE TRUST
- THE CORNERSTONE CHURCH GROUP
- OPEN DOOR SOCIETY LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE HOPMARKET CHARITY | £212k | — | 0 | unclear | — | noted |
| HANDS OF GIVING FOUNDATION | £123k | — | 0 | above | — | no doubt |
| WORCESTER MUNICIPAL CHARITIES (CIO) | £1.4m | — | 0 | below | — | no doubt |
| THE EARL OF SOUTHAMPTON TRUST | £181k | — | 0 | above | — | no doubt |
| THE NANI HUYU CHARITABLE TRUST | £293k | — | 0 | unclear | — | no doubt |
| THE CORNERSTONE CHURCH GROUP | £226k | — | 0 | unclear | — | no doubt |