LIGHTBOWN COTTAGE HOMES TRUST
The Trust provides 8 terraced Cottage Homes set in 1.2 acres of private grounds, available to people over 60 years of age who have lived in the borough of Darwen for at least the last five years preceding application, who can demonstrate a 'housing need' either for financial reasons, or for 'quality of life' which is not being addressed elsewhere. These homes are for Independent Living only.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds totalled £346,773 at year-end, with £289,233 held in general unrestricted funds. The Trustees report that reserves have been maintained and exceeded their policy target of three to six months' expenditure, and they have a reasonable expectation of continuing in operational existence.
What the accounts disclose
“There were no employees whose annual remuneration was more than £60,000.” — page 12
“It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 4
Trustees
- BERYL ANN HOLDENchair
- Antony Rogerson
- Kay Russell
- Kerry Weston
- Neil Hunter
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £34k | £28k |
| 31/12/2024 | £38k | £36k |
| 31/12/2023 | £42k | £23k |
| 31/12/2022 | £28k | £23k |
| 31/12/2021 | £25k | £22k |
Common questions
Is LIGHTBOWN COTTAGE HOMES TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds totalled £346,773 at year-end, with £289,233 held in general unrestricted funds. The Trustees report that reserves have been maintained and exceeded their policy target of three to six months' expenditure, and they have a reasonable expectation of continuing in operational existence. Its FY2025 accounts were independently examined.