NORTHUMBERLAND AGED MINEWORKERS' HOMES ASSOCIATION
Latest income
£1.5m
Latest spending
£1.6m
Registered
1963
Accounts read
FY2022
Financial health, per its FY2022 accounts
The accounts state that the charity's unrestricted general fund is in a deficit of £94,278, a situation attributed to a long-term loan for solar panel installation. Despite this deficit, the trustees report adequate resources to continue as a going concern, supported by steady rental income and high demand for properties.
What the accounts disclose
Reserves policy: approximately 12 weeks general expenditure (held: £-94k)
“The trustees propose that the charity should hold general reserves equivalent to approximately 12 weeks general expenditure in order to provide sufficient working capital to provide a cushion to deal with unexpected emergencies.” — page 6
Per its FY2022 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£1.5m
Total spending
£1.6m
Cost of raising funds
£81k
Reserves (reported)
£0
Employees
7
Register events
- Received assets from another charity (11/11/2016)
Trustees
- Alan George Sambrook
- George Edward Graham
- George Edward Wilson
- Hugh Gallacher
- IAN LAVERY
- JOHN PEASE
- John Gobin
- MARK FITTON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.5m | £1.6m |
| 31/12/2023 | £1.4m | £1.4m |
| 31/12/2022 | £1.4m | £1.4m |
| 31/12/2021 | £1.2m | £1.2m |
| 31/12/2020 | £1.3m | £1.1m |
Common questions
Is NORTHUMBERLAND AGED MINEWORKERS' HOMES ASSOCIATION financially healthy?
The accounts state that the charity's unrestricted general fund is in a deficit of £94,278, a situation attributed to a long-term loan for solar panel installation. Despite this deficit, the trustees report adequate resources to continue as a going concern, supported by steady rental income and high demand for properties. Its FY2022 accounts were audited by Kinnair Associates Limited.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 29/11/2004 | £18k | "Northumberland Miners' Banner Project" |