Finance Score: -2

Governance Score: 6

Support Score: 3

Excess reserves: -2

Dynamic board: +3
Gender balanced board: +3

Gov Income
Grant maker support: +3

Overall GiG Score: 7

MALDON HOUSING ASSOCIATION LTD

The provision and maintenance of Almshouses and associated services and amenities for persons over 60 years of age who are in need of accommodation through old age, chronic sickness, disability or necessitous circumstances.Accommodation is provided to people over 60 years of age, on the basis of housing need, who have connections with Maldon, in Essex, and are able to live independently.

Analysis by Giving is Great

Positives:

The charity has received Government grants
Spending has increased over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £1,359,759 available, equivalent to 30 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
31/03/23	£547	£547	£0	£0	£1,360	£1,360	29.8	12
31/03/22	£550	£446	£104	£0	£1,360	£1,360	36.6	12
31/03/21	£543	£417	£126	£0	£1,256	£1,256	36.2	12
31/03/20	£519	£393	£126	£0	£1,130	£1,130	34.5	11
31/03/19	£504	£399	£104	£0	£1,007	£766	23	11
31/03/18	£472	£390	£82	£0	£0	£0	n/a	0
31/03/17	£446	£430	£17	£0	£0	£0	n/a	0
31/03/16	£426	£389	£37	£0	£0	£0	n/a	0
31/03/15	£348	£300	£48	£0	£0	£0	n/a	0
31/03/14	£332	£347	£-15	£0	£0	£0	n/a	0
31/03/13	£323	£305	£19	£0	£0	£0	n/a	0
31/03/12	£308	£365	£-57	£0	£0	£0	n/a	0
31/03/11	£322	£301	£21	£0	£0	£0	n/a	0
31/03/10	£311	£317	£-5	£0	£0	£0	n/a	0
31/03/09	£306	£222	£84	£0	£0	£0	n/a	0
31/03/08	£268	£278	£-10	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 34%
Liabilities/Income: 126%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 29.8 months
Net Current Assets/Spending: 11 months
Quick Ratio: 2.6

Asset Split ?

Established: 17 years

www.maldonha.co.uk

admin@maldonha.co.uk

01621 840247

Charity Commission for England and Wales

Listed activities

Accommodation/Housing
General Charitable Purposes

GiG Classification

Other facilities management and maintenance

How it operates

Provides services

Where it operates

Essex,

Who it helps

Elderly/Old People
People With Disabilities

Who works here?

12 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

Age Range of Trustees: 52-77

FLO SHAUGHNESSY Appointed: 2022, Occupation: Town And District Councillor

NEIL CORNMELL Appointed: 2021, Occupation: Assistant Headteacher

ROGER PERRY Appointed: 2021, Occupation: Insurance Underwriter

JANE MARY TOFFEL Appointed: 2012, Occupation: Teacher

JOHN WILLIAMS Appointed: 2019, Occupation: Accountant

JOHN WHEELDON Appointed: 2017, Occupation: Retired

Legal constitution

Charitable company registered in England & Wales on 07/08/2007, number: 1120475
Registered at Companies House on 19/10/2006, number: 05972159

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Homes England

Policies in force

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

Filing Record

16 returns made; all on time

Main office

Maldon Housing Association
Fairfield House
33 Fambridge Road
MALDON
CM9 6AD

Objectives

TO PROVIDE AND MAINTAIN ALMHOUSES AND ASSOCIATED SERVICES AND AMENITIES FOR PERSON WHO ARE IN NEED OF ACCOMMODATION THROUGH OLD AGE, CHRONIC SICKNESS, DISABILITY (WHETHER PHYSICAL OR MENTAL) OR NECESSITOUS CIRCUMSTANCES.

Defined Area of Benefit:

UNDEFINED. IN PRACTICE ESSEX

Data Sources