OKEHAMPTON FOUNDATION
Almshouse Branch: Provision of accommodation.United Charity Branch:Annual maintenance grant to St James' Chapel.Advancement of Education.Relief of persons in need, hardship or distress. Relief of persons who are sick, convalescent, disabled or infirm by alleviating their suffering.Promote other charitable purposes for residents in the area of benefit (Okehampton and Hamlets)
Objects
THE OBJECTS OF THE CIO (THE OBJECTS) ARE:(1) (IN RELATION TO THE ALMSHOUSE BRANCH OF THE CIO): THE PROVISION OF ACCOMMODATION FOR PERSONS WHO ARE IN NEED HARDSHIP OR DISTRESS AND ARE RESIDENT IN THE AREA OF BENEFIT;(2) (IN RELATION TO THE UNITED CHARITY BRANCH OF THE CIO): (A) THE PROVISION OF AN ANNUAL MAINTENANCE GRANT TO OKEHAMPTON UNITED ECCLESIASTICAL CHARITY (1077584) OF A MINIMUM OF ?4,500 PER ANNUM, FOR THE UPKEEP OF ST JAMES? CHAPEL, OKEHAMPTON;(B) THE ADVANCEMENT OF EDUCATION:(I) BY THE PROVISION OF SPECIAL BENEFITS TO OKEHAMPTON COLLEGE AND/OR STATE FUNDED PRIMARY SCHOOLS IN THE AREA OF BENEFIT; AND(II) OF YOUNG PERSONS WHO HAVE NOT ATTAINED THE AGE OF 25 YEARS WHO, OR WHOSE PARENTS OR CARERS, ARE RESIDENT IN THE AREA OF BENEFIT, AND OF OLDER PERSONS WHO ARE RESIDENT IN THE AREA OF BENEFIT, IN SUCH WAYS AS THE CHARITY TRUSTEES THINK FIT; (C) THE RELIEF OF PERSONS RESIDENT IN THE AREA OF BENEFIT WHO ARE IN NEED, HARDSHIP OR DISTRESS; (D) THE RELIEF OF PERSONS RESIDENT IN THE AREA OF BENEFIT IN NEED WHO ARE SICK, CONVALESCENT, DISABLED OR INFIRM, BY ALLEVIATING THEIR SUFFERING OR ASSISTING THEIR RECOVERY; AND(E) TO PROMOTE SUCH OTHER CHARITABLE PURPOSES FOR THE BENEFIT OF THE INHABITANTS OF THE AREA OF BENEFIT AS THE CHARITY TRUSTEES MAY DECIDE.
Financial health, per its FY2025 accounts
The accounts state that unrestricted free reserves stood at £328,466 at the end of the year, an increase from £140,900 in the prior period. The trustees consider it prudent to maintain a General Income Fund reserve of £45,000 for working capital purposes. The charity reported a net movement in funds of £187,566 for the year, driven by significant investment income and a legacy receipt.
What the accounts disclose
“Investments 4 471,825 - 471,825 451,793” — page 14
“the trustees consider that it is prudent to maintain a General Income Fund reserve of £45,000 for the purposes of working capital” — page 8
“Okehampton Town Council and Okehampton Hamlets Parish Council each have the powers ta nominate two trustees of the Foundation.” — page 32
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (21/08/2025)
Trustees
- Ross Campbellchair
- Carol Elizabeth Chapman
- Dr Michael Ireland
- Dr Philip Murray
- Julie Veronica Yelland
- Kevin Pedrick
- Maria Cooper
- Philip Davies
- Rev Claire Suzanne Reynolds
- Robert Tolley
- Simon Kenneth Coleman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £818k | £630k |
Common questions
Is OKEHAMPTON FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted free reserves stood at £328,466 at the end of the year, an increase from £140,900 in the prior period. The trustees consider it prudent to maintain a General Income Fund reserve of £45,000 for working capital purposes. The charity reported a net movement in funds of £187,566 for the year, driven by significant investment income and a legacy receipt. Its FY2025 accounts were audited by Simpkins Edwards Audit LLP.