Finance Score: -2

Governance Score: 6

Support Score: 0

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

Dynamic board: +3
Gender balanced board: +3

No supporters identified

Overall GiG Score: 4

THORNER'S HOMES

The provision of almshouse accommodation for poor widows and single women aged 55 or over; who require such accommodation due to poverty, financial hardship or other charitable need.

Analysis by Giving is Great

Positives:

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

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
Over half the Board have joined recently

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £13,096,454 available, equivalent to 193 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	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/12/22		£708	£814	£-106	£0	£13,267	£13,096	193.2	5
31/12/21		£694	£760	£-66	£0	£13,350	£13,179	208	6
31/12/20	*	£0	£0	£0	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 11%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 1%
Liabilities/Income: 20%
Unrestricted Funds/Total Funds: 99%
Reserves/Spending: 193.2 months
Net Current Assets/Spending: 35 months
Quick Ratio: 17.9

Asset Split ?

Established: 4 years

www.thorners.org.uk

enquiries@thorners.org.uk

02380636772

Charity Commission for England and Wales

Listed activities

Accommodation/Housing
Disability
The Prevention Or Relief Of Poverty

GiG Classification

Services for females

How it operates

Provides buildings/facilities/open space

Where it operates

Southampton City,

Who it helps

Elderly/Old People
Other Defined Groups

Who works here?

5 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (8)

Current Trustees appointed

Gender Split

COUNCILLOR VIVIENNE WINDLE Appointed: 2023

DANIEL BUTT Appointed: 2022

SARAH VAUGHAN Appointed: 2022

ANN JENNIFER BENNETT Appointed: 2022, Other trusteeship: THORNER'S HOMES,

DAVID FREDERICK HANKINS Appointed: 2022, Other trusteeship: THORNER'S HOMES,

MICHAEL JOHN CATON Appointed: 2022, Other trusteeship: THORNER'S HOMES,

PAUL FREDERICK MEACHER Appointed: 2022, Other trusteeships: THORNER'S HOMES, THE LEAGUE OF HOSPITAL AND COMMUNITY FRIENDS (FENWICK HOSPITAL LYNDHURST),

RICHARD DUDLEY BRAZIER Appointed: 2022, Other trusteeships: THORNER'S HOMES, THE CIAO FOUNDATION CIO,

Legal constitution

Charity registered in England & Wales on 30/04/2020, number: 1189291

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

3 returns made; AR20: 4 days late,

Main office

Thorner's Homes
86 Thorner's Court
Henstead Road
Southampton
SO15 2GU

Objectives

THE OBJECTS OF THE CIO ARE, FOR THE PUBLIC BENEFIT:(I)RELIEVING NEED BY PROVIDING SOCIAL HOUSING IN THE FORM OF ALMSHOUSE ACCOMMODATION FOR:(A) POOR WIDOWS, AND(B) SINGLE WOMEN AGED 55 OR OVERWHO REQUIRE SUCH ACCOMMODATION DUE TO POVERTY, FINANCIAL HARDSHIP OR OTHER CHARITABLE NEED.(II) SUCH CHARITABLE PURPOSES FOR THE BENEFIT OF RESIDENTS OF THE ALMSHOUSES AS THE TRUSTEES MAY FROM TIME TO TIME DECIDE.

Data Sources