Charity Accounts Intelreading the accounts so you don’t have to

THE LLOYD THOMAS HOMES

Registered charity 257468 · accounts filings on the Charity Commission register

Provision of almsouse services

Causes: Accommodation/housing · Get email alerts

Latest income
£31k
Latest spending
£14k
Registered
1969
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: The Almshouse Association’s recommendations (held: £223k)
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: 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).
“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
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Hackney · Haringey

Income and spending

Financial year endIncomeSpending
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.