NORTHWOOD HOUSE CHARITABLE TRUST COMPANY LIMITED
Maintaining the fabric of Northwood House, both internally and externally, making if available for use by the Public and enabling the buildings and grounds to be maintained in a safe and secure environment.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £54,453 for the year ended 31 December 2024, with total income of £703,872. The trustees maintain free reserves of £370,755, which they consider sufficient to cover six months of operating expenses and a minimum working reserve of £100,000. The trustees confirm that the going concern basis of accounting is appropriate based on these reserves and income forecasts.
What the accounts disclose
“Public event income, including turnover from the successful Lawn Bar, now a well-established Cowes venue, as well as volunteer catering totalled £456,813” — page 8
“The Trustees look to maintain reserves sufficient to provide six months operating expenses and retain £100,000 as a minimum working reserve.” — page 8
“Rental payments of £81,000 (2023: £81,000) were paid to the charity for the hire of rooms and grounds to run activities and events. At the year end £22,290 (2023: £22,090) was due to the charity.” — page 22
“The Trustees have provided services in their professional capacity at no cost to the Trust, and it is not practicable to value that work.” — page 25
“Rental payments of £81,000 (2023: £81,000) were paid to the charity for the hire of rooms and grounds to run activities and events. At the year end £22,290 (2023: £22,090) was due to the charity.” — page 22
“The Trustees have provided services in their professional capacity at no cost to the Trust, and it is not practicable to value that work.” — page 25
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (23/01/2015)
- Received assets from another charity (20/02/2014)
Trustees
- Ben Hickschair
- David Leslie Green
- Frances Mary Clare Nunn
- Kay Ann Marriott
- MRS ROSELEEN ANN CULLEN
- Samantha Lee Basford
- Stephen Henderson
- Susan Collinge
- Timothy Richard Wander
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £704k | £652k |
| 31/12/2023 | £562k | £560k |
| 31/12/2022 | £510k | £552k |
| 31/12/2021 | £362k | £271k |
| 31/12/2020 | £306k | £271k |
Common questions
Is NORTHWOOD HOUSE CHARITABLE TRUST COMPANY LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £54,453 for the year ended 31 December 2024, with total income of £703,872. The trustees maintain free reserves of £370,755, which they consider sufficient to cover six months of operating expenses and a minimum working reserve of £100,000. The trustees confirm that the going concern basis of accounting is appropriate based on these reserves and income forecasts. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 23/01/2020 | £965 | Community Hall kitchen equipment update |
| The National Lottery Community Fund | 22/08/2019 | £4k | Community Hall electrical work |
| The National Lottery Community Fund | 08/03/2017 | £9k | The Cowes Big Lunch |
| The National Lottery Heritage Fund | 17/05/2016 | £10k | "Viability Appraisal for the restoration, repair and return to use of Church Lodge" |