FINCHFIELD TRUST
To provide housing for aged persons over the age of 65 or more, or of infirm persons, being inhabitants of the Urban District of Rayleigh.
Financial health, per its FY2025 accounts
The accounts state that the trust reported an operating deficit of £5,167 for the year ended 31 March 2025, primarily driven by higher legal fees and cost pressures. Despite this deficit, the trust maintains a strong asset base with a total fund closing position of £3,272,591, including significant revaluation gains. The trustees note that cash reserves are good but indicate that future capital works and inflationary pressures require careful reserve management to maintain long-term financial resilience.
What the accounts disclose
“The Trust has an earmarked reserve to fund planned future works on the bungalows. The reserve is currently for works identified over the next 10 years.” — page 4
Trustees
- Rochford District Council
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £78k | £83k |
| 31/03/2024 | £71k | £179k |
| 31/03/2023 | £74k | £62k |
| 31/03/2022 | £64k | £48k |
| 31/03/2021 | £68k | £33k |
Common questions
Is FINCHFIELD TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the trust reported an operating deficit of £5,167 for the year ended 31 March 2025, primarily driven by higher legal fees and cost pressures. Despite this deficit, the trust maintains a strong asset base with a total fund closing position of £3,272,591, including significant revaluation gains. The trustees note that cash reserves are good but indicate that future capital works and inflationary pressures require careful reserve management to maintain long-term financial resilience. Its FY2025 accounts were audited by unclear.