SALEM AND FREMINGTON ALMSHOUSE CHARITY
Provision of housing for local people over 50 years of age. Capacity 12 single bedroom houses.
Objects
ALMSHOUSES FOR THE BENEFIT OF ALMSPEOPLE WHO SHALL BE POOR MARRIED COUPLES OR SINGLE PERSONS WHO ARE RESIDENT IN THE PARISH OF FREMINGTON AND THE BOROUGH OF BARNSTAPLE AT THE TIME OF APPOINTMENT. FOR DETAILS SEE CLAUSE 21 OF THE SCHEME OF 12TH NOVEMBER 1970
Financial health, per its FY2025 accounts
The accounts state that the charity ended the year with a net payment of £11,884.42, reducing its cash and bank balances from £41,998.13 to £30,113.71. The trustees maintain a reserves policy aiming for a bank balance of at least £10,000 to meet unforeseen expenditure, which the current balance exceeds. The independent examiner confirmed that no material matters were found during the examination of the accounts.
What the accounts disclose
“We aim to maintain a bank balance of at least £10,000 in order to be in a position to meet unforeseen expenditure.” — page 5
Trustees
- LINDA HANCOXchair
- GWYNETH BRAUNTON
- Peter Kidd
- SUSAN BENNETT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £46k | £58k |
| 31/03/2024 | £44k | £45k |
| 31/03/2023 | £41k | £39k |
| 31/03/2022 | £46k | £51k |
| 31/03/2021 | £43k | £23k |
Common questions
Is SALEM AND FREMINGTON ALMSHOUSE CHARITY financially healthy?
Per its FY2025 accounts: The accounts state that the charity ended the year with a net payment of £11,884.42, reducing its cash and bank balances from £41,998.13 to £30,113.71. The trustees maintain a reserves policy aiming for a bank balance of at least £10,000 to meet unforeseen expenditure, which the current balance exceeds. The independent examiner confirmed that no material matters were found during the examination of the accounts. Its FY2025 accounts were independently examined.