THE LLOYD THOMAS HOMES
Provision of almsouse services
Objects
AS REST HOMES FOR THE TEMPORARY RESIDENCE OF POOR WOMEN AND GIRLS IN NEED OF REST OR HOIDAY OR FOR THE RESIDENCE OF POORLY ELDERLY WOMEN.
Financial health, per its FY2024 accounts
The accounts state that total unrestricted funds increased to £223,335, driven by a surplus of income over expenditure and gains on investments. The Trustees consider there to be no going concern issues, noting that the investment portfolio has increased despite fluctuations. The charity maintains designated reserves for major modernisation projects and cyclical maintenance.
What the accounts disclose
“The Trustees budget to set aside reserves according to The Almshouse Association’s recommendations and also to build up Designated Reserves for future major modernisation projects.” — page 5
“Lorraine Groom, Clerk to the Trustees is the daughter of Janet Marsh who was a Trustee of the Charity in the year. The Charity was allocated £5,084 in respect of wages, national insurance and pension during the year (2023: £5,592). ” — page 17
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £31k | £14k |
| 31/12/2023 | £30k | £18k |
| 31/12/2022 | £30k | £13k |
| 31/12/2021 | £28k | £13k |
| 31/12/2020 | £25k | £15k |
Common questions
Is THE LLOYD THOMAS HOMES financially healthy?
Per its FY2024 accounts: The accounts state that total unrestricted funds increased to £223,335, driven by a surplus of income over expenditure and gains on investments. The Trustees consider there to be no going concern issues, noting that the investment portfolio has increased despite fluctuations. The charity maintains designated reserves for major modernisation projects and cyclical maintenance. Its FY2024 accounts were independently examined.