METROPOLITAN BENEFIT SOCIETIES' ALMSHOUSES
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.
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.
What the accounts disclose
“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
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
Trustees
- Alexander Coxchair
- Adam Wilkinson
- Alexander Francis Cox
- Anne Cartwright
- Hulya Mehmet
- Jeanette Young
- Scarlett Elizabeth Dempsey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.