ASKEW HOUSING TRUST
The Trust owns a crescent of properties, the properties are rented out. Tenants are chosen because of their connection to the Borough of Berwick upon Tweed following their service or that of a close family member to the armed forces. The Trust offers affordable housing to those people with low incomes and little or no capital.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £412,634, which the trustees consider to be above their policy target of three to six months' expenditure. The Trust reported a net surplus of £39,926 for the year, funded primarily by rental income and investment returns, with no material uncertainties affecting its going concern status.
What the accounts disclose
“It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a minimum level equivalent to between three and six months’ expenditure.” — page 5
Property (HM Land Registry)
Register events
- Received assets from another charity (09/07/2014)
Trustees
- Hazel Bettisonchair
- Father Shaun Martin O'Neill
- Ian Hunter Hay
- Jack William Askew
- MICHAEL THOMAS RICHARDSON
- Michael William Greener
- REV ADAM HOOD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £113k | £71k |
| 31/03/2024 | £103k | £75k |
| 31/03/2023 | £98k | £110k |
| 31/03/2022 | £94k | £77k |
| 31/03/2021 | £93k | £60k |
Common questions
Is ASKEW HOUSING TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £412,634, which the trustees consider to be above their policy target of three to six months' expenditure. The Trust reported a net surplus of £39,926 for the year, funded primarily by rental income and investment returns, with no material uncertainties affecting its going concern status. Its FY2025 accounts were independently examined.