THE ASSOCIATION OF FRIENDS OF JAMES TERRY COURT
Fund raising to purchase equipment, lay on entertainment and events, and provide "those little extras" for the Residents of James Terry Court, which is an elderly persons' home.
Objects
TO RELIEVE THE AGED RESIDENTS OF JAMES TERRY COURT AND GENERALLY TO SUPPORT THE CHARITABLE WORK OF THE HOME EITHER DIRECTLY OR INDIRECTLY WITH THE MATRON OR THROUGH THE ROYAL MASONIC BENEVOLENT INSTITUTION
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £5,689 for the year ended 31 March 2024, resulting in a decrease in unrestricted funds from £107,895 to £102,206. Despite the deficit, the trustees confirmed there are no concerns regarding the charity's ability to continue as a going concern. Free reserves of £102,206 remain significantly above the stated policy target of £30,000.
What the accounts disclose
“The Terms of Reference governing document states that the charity must hold £30,000 as a reserve.” — page 3
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
Trustees
- COLIN CHARLES ALBERT MOULES
- Nick Foster
- Tania Tibbs
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £33k | £39k |
| 31/03/2024 | £33k | £39k |
| 31/03/2023 | £27k | £33k |
| 31/03/2022 | £18k | £18k |
| 31/03/2021 | £19k | £22k |
Common questions
Is THE ASSOCIATION OF FRIENDS OF JAMES TERRY COURT financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £5,689 for the year ended 31 March 2024, resulting in a decrease in unrestricted funds from £107,895 to £102,206. Despite the deficit, the trustees confirmed there are no concerns regarding the charity's ability to continue as a going concern. Free reserves of £102,206 remain significantly above the stated policy target of £30,000. Its FY2025 accounts were independently examined.