METROPOLITAN BENEFIT SOCIETIES' ALMSHOUSES

Registered charity 293247 · accounts filings on the Charity Commission register

To provide accommodation for older people who are in need

Objects

THE PROVISION OF ALMSHOUSES AND OTHER BENEFITS FOR THE RESIDENTS OF ALMSHOUSES FOR THE RELIEF OF POOR ELDERLY PERSONS OF PENSIONABLE AGE IN SUCH WAYS AS SHALL BE EXCLUSIVELY CHARITABLE.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Accommodation/housing · Get email alerts

Latest income
£284k
Latest spending
£359k
Registered
1986
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net deficit of £75,199 for the year ended 31 March 2025, primarily due to an overdue refurbishment and redecoration program. Despite this operational loss, the charity holds total unrestricted reserves of £269,828 and confirms it will survive for at least one year from the approval of the financial statements. The trustees have assessed the major risks and are satisfied that systems are in place to mitigate exposure to them.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Governance: Land registry registration issue
“We draw your attention to Note 22 on page 17 which describes the issue of non registration of the freehold property in the Charity's name at the land registry situated at Balls Pond Road, London, N1 4AH.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by GPRS Professionals Limited. Discloses 3 of 6 completeness components.

In its annual return the charity told the Commission it is also regulated by: Homes England. This is the charity’s own declaration; it is not a rating and has not been verified by the Commission or by this site.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Trustees · trustee networks

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

Operates in: Islington

Income and spending

Financial year endIncomeSpending
31/03/2025£284k£359k
31/03/2024£262k£358k
31/03/2023£259k£341k
31/03/2022£257k£318k
31/03/2021£245k£282k

Common questions

Is METROPOLITAN BENEFIT SOCIETIES' ALMSHOUSES financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £75,199 for the year ended 31 March 2025, primarily due to an overdue refurbishment and redecoration program. Despite this operational loss, the charity holds total unrestricted reserves of £269,828 and confirms it will survive for at least one year from the approval of the financial statements. The trustees have assessed the major risks and are satisfied that systems are in place to mitigate exposure to them. Its FY2025 accounts were audited by GPRS Professionals Limited.