On 2nd July, Worcester M.P. Robin Walker, together with the Mayor, Councillor Stephen Hodgson, and Bishop John Inge, formally unveiled a plaque to commemorate the opening of “Stillingfleet House, the latest 25 almshouse flats created for the single homeless by Worcester Municipal Charities.
Pictured here with them, is Paul Griffith MBE, Chairman of the Charities since 1985, who said:-
“Money management is essential for charities to keep pace with inflation. Since 2013 the Charity has been pursuing a wholesale property re-investment strategy to provide affordable almshouses for the single homeless here. Since 2016 we have been helped by the Almshouse Consortium and Homes England to create, 64 new flats “over the shops” and in empty office buildings. Selling commercial charity property between 2013 and 2018 realised £2,114,100.00. Then between 2016 and 2021, twenty one grants came from Homes England totalling £1,529,633. The Charity also borrowed £500,000 from Unity Trust Bank to help with cash flow.
“The Trustees are delighted to have found an exciting new strategy that provides housing for the homeless, whilst also making a reasonable commercial profit, at a time when good investment returns are difficult to find, and affordable flats for the homeless are in very short supply. The £150,000 rent we lost from the Home Office, when Probation moved out in 2019, will be virtually replaced by the £147,000 rents from the 25 flats, all of which will be spent on helping the poor, and creating 4 more flats for the homeless already in the pipeline.”
Paul Griffiths
Nick Phillips, CEO of The Almshouse Association was invited to the event and was impressed not just by the quality of the build but the fantastic use of the charities resources in turning commercial investments into almshouses for those in very immediate need.
“The partnership between Worcester Municipal and Citizens Advice is unique and inspirational. The people occupying these almshouses faced years living on the streets. These almshouses can be life changing opportunities for young homeless people in Worcester.”
Nick Phillips
Posted July 21
Top images left and right, supplied by Saffer Cooper, Building Consultants. Top centre and below supplied by Worcester Municipal Charities
click here to read more ‘Almshouse News and Stories’