How we manage our money
The initial gift of £200 made by Dr Thomas Edwards in 1618, and other benefactors since, has been carefully invested over the generations.
The lands bought are now 92 flats for use of older people in our community and heavily protected by trust. The Charity has a strong investment portfolio which is managed by Cazenove Capital.
We are financially independent. This means that we can invest in high-quality housing for the older people who live in our almshouses. We can also take risks on new initiatives that will benefit our community and we can act as a neutral partner advocating for our community and the organisations we support.
Our annual account and business plans are agreed by the Board every year, and show in more detail how we have used our money and other resources.
Recognising the difficulties that families face, Jamal came together with other Hammersmith parents to launch Somali Parents. Meeting demand is an ever-increasing challenge for the charity. Jamal is the only paid staff member, and he only works for the charity part-time. Nevertheless, assisted by a team of volunteers, the organisation offers support to families across the borough.
Somali Parents runs healthcare workshops about cancer symptoms and support available, as well as drop-in sessions to help ease concerns amongst the community and give people a better understanding of how to access NHS services and what to expect from an appointment. Recognising that women often feel more comfortable discussing health issues with another woman, the charity will sometimes bring in a Somali-speaking female GP to answer questions from the audience and talk to people in private if they need more advice.
“The relationship is the intervention.”