BROADWAY COTTAGES TRUST CIO
By the provision of housing at rents within their means, to alleviate and mitigate hardship for people of limited means living or having lived in Kettering Northamptonshire; and by provision of financial assistance to persons, hospitals and other charitable institutions with similar objects at the Trustees discretion
Objects
TO ALLEVIATE AND MITIGATE THE HARDSHIPS OF PEOPLE OF LIMITED MEANS RESIDING OR WHO HAVE RESIDED IN OR NEAR KETTERING NORTHAMPTONSHIRE OR ELSEWHERE IN THE UNITED KINGDOM
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds amounted to £1,100,476 at the year end, with free reserves far exceeding the level of resources expended. The trustees consider the charity has sufficient resources to continue current activities even in the event of a reduction in funding. The net movement in funds was a deficit of £20,157, primarily driven by unrealised losses on investments.
What the accounts disclose
“At the year end, free reserves far exceed the level of resources expended. At this level, the Trustees consider that in the short term, they have sufficient resources to be able to continue the current activities of the Charity” — page 5
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Structured financials (annual return, FY ending 05/04/2021)
Register events
- Received assets from another charity (02/02/2021)
Trustees
- Robert Michael Oliver Battychair
- Balbir Lotay
- Janet Elizabeth Marchand
- John foster Davis
- Nina Kerr Wilson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £87k | £87k |
| 31/03/2024 | £67k | £80k |
| 31/03/2023 | £66k | £61k |
| 31/03/2022 | £62k | £68k |
| 05/04/2021 | £1.2m | £127k |
Common questions
Is BROADWAY COTTAGES TRUST CIO financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds amounted to £1,100,476 at the year end, with free reserves far exceeding the level of resources expended. The trustees consider the charity has sufficient resources to continue current activities even in the event of a reduction in funding. The net movement in funds was a deficit of £20,157, primarily driven by unrealised losses on investments. Its FY2025 accounts were independently examined.