Finance Score: -2

Governance Score: 9

Support Score: 3

Liabilities <10%: +3
Excess reserves: -5

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Gov Income
Overall weighted support: +3

Overall GiG Score: 10

WALTHAMSTOW AND CHINGFORD ALMSHOUSE CHARITY

The Charity provides sheltered housing for older people from Walthamstow or Chingford in the London Borough of Waltham Forest. The Charity also makes grants.Grant making falls broadly into two categories; relief in need and grants to other charitable organisations or institutions sharing similar objectives to the Charity. The recipients of grants must reside within Walthamstow or Chingford.

Analysis by Giving is Great

Positives:

The charity has received Government grants
This charity has a robust balance sheet
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £13,512,275 available, equivalent to 180 months of spending and so may not be able to utilise additional funding

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	£1,033	£899	£134	£33	£24,755	£13,512	180.4	7	0
31/03/22	£989	£708	£282	£25	£25,221	£13,446	228	8	0
31/03/21	£964	£705	£259	£25	£23,740	£12,712	216.3	8	0
31/03/20	£994	£745	£249	£29	£21,659	£11,604	186.9	8	0
31/03/19	£1,010	£909	£101	£29	£22,939	£11,776	155.4	5	1
31/03/18	£1,533	£685	£847	£24	£22,375	£9,348	163.6	7	0
31/03/17	£1,917	£552	£1,365	£20	£21,539	£9,225	200.6	7	0
31/03/16	£711	£522	£189	£29	£18,489	£8,238	189.3	5	0
31/03/15	£705	£526	£179	£25	£18,677	£8,103	184.8	5	0
31/03/14	£698	£613	£85	£25	£17,589	£7,660	149.9	5	0
31/03/13	£738	£609	£129	£26	£17,027	£7,289	143.7	5	0
31/03/12	£764	£622	£142	£22	£15,628	£6,454	124.4	5	0
31/03/11	£767	£585	£183	£25	£15,571	£6,214	127.5	5	0
31/03/10	£703	£714	£-11	£21	£14,902	£5,717	96.1	6	0
31/03/09	£748	£551	£197	£19	£12,509	£5,391	117.5	5	0
31/03/08	£746	£487	£259	£36	£14,998	£1,756	43.3	5	0

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Financial Ratios

Fundraising Costs/Relevant Income: 10.4%
Fundraising Costs/Total Spending: 6.9%
Highest pay band: Less than £60,000
Liabilities/Assets: 1%
Liabilities/Income: 14%
Unrestricted Funds/Total Funds: 55%
Reserves/Spending: 180.4 months
Net Current Assets/Spending: 11 months
Quick Ratio: 0.9

Asset Split ?

Balance Sheet History

Established: 18 years

www.wcac.org.uk

office@wcac.org.uk

02085200295

Charity Commission for England and Wales

Listed activities

Accommodation/Housing
The Prevention Or Relief Of Poverty

GiG Classification

Shelter for homeless, vulnerable & excluded people

How it operates

Makes grants to individuals
Makes grants to organisations
Provides buildings/facilities/open space

Where it operates

Waltham Forest,

Who it helps

Elderly/Old People
Other Charities Or Voluntary Bodies
Other Defined Groups

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (12)

Current Trustees appointed

Gender Split

Based on 10/12 persons

Age Range of Trustees: 46-82

ALICJA BORKOWSKA Appointed: 2021

ANDREW RICH Appointed: 2021, Occupation: Investment Manager

ANTHONY MOORE Appointed: 2019, Occupation: Accountant

COLETTE MCCANN Appointed: 2021, Occupation: Retired Assistant Headteacher

HELEN TREDOUX Appointed: 2019, Occupation: Company Director

IAN MOYES Appointed: 2020

JACKIE KEARNS Appointed: 2018, Occupation: Retired

JOHN MOSS Appointed: 2021, Occupation: Chartered Surveyor

PAUL WILLIAMS Appointed: 2021, Occupation: Director

SHEILA SMITH PRYOR Appointed: 2018

SURINDER MACNULTY Appointed: 2018, Occupation: Retired

VANESSA CONANT Appointed: 2015, Occupation: Director

Legal constitution

Charity registered in England & Wales on 11/10/2006, number: 1116355
Registered at Companies House on 18/09/2007, number: 06374226

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment 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
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

16 returns made; all on time

Main office

MONOUX HALL
CHURCH END
WALTHAMSTOW
LONDON
E17 9RL

Objectives

(A) THE PROVISION OF ALMSHOUSES FOR BENEFICIARIES WHO HAVE BEEN RESIDENT IN THE AREA OF BENEFIT FOR ONE YEAR IMMEDIATELY PRIOR TO APPOINTMENT, OR FOR FIVE CONSECUTIVE YEARS AT ANY TIME PRIOR TO APPOINTMENT;(B) SUCH CHARITABLE PURPOSES FOR THE BENEFIT OF THE RESIDENTS OF THOSE ALMSHOUSES AS THE TRUSTEES DECIDE;(C) THE RELIEF OF PERSONS IN CONDITIONS OF FINANCIAL NEED IN THE AREA OF BENEFIT IN SUCH MANNER AS THE TRUSTEES THINK FIT.(2) THE LAND IDENTIFIED IN PART 4 OF THE SCHEDULE TO THIS SCHEME MUST BE RETAINED BY THE TRUSTEES FOR USE FOR THE OBJECTS OF THE CHARITY.

Defined Area of Benefit:

NOT DEFINED. IN PRACTICE. WALTHAMSTOW AND CHINGFORD

Data Sources

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