NORMAN ALMSHOUSES CHARITY
Letting, upkeep and general maintenance of 7 Almshouses for elderly, poor or needy residents of Northwold.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £705,878, up from £663,284 in the previous year, driven by net income of £42,594 which included significant investment gains. The trustees report adequate resources for going concern purposes, although they acknowledge the absence of a formal reserves policy, relying instead on the Clerk's knowledge of income and expenditure requirements.
What the accounts disclose
Trustees
- JANETTE EYLES
- MARK WINTER
- MICHAEL HOWARTH
- TONY WARING
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £34k | £11k |
| 31/12/2023 | £31k | £7k |
| 31/12/2022 | £29k | £14k |
| 31/12/2021 | £29k | £8k |
| 31/12/2020 | £32k | £6k |
Common questions
Is NORMAN ALMSHOUSES CHARITY financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves increased to £705,878, up from £663,284 in the previous year, driven by net income of £42,594 which included significant investment gains. The trustees report adequate resources for going concern purposes, although they acknowledge the absence of a formal reserves policy, relying instead on the Clerk's knowledge of income and expenditure requirements. Its FY2024 accounts were independently examined.