NORTHAM TRUST
Management of Almshouses known as Northam Court
Objects
TO ALLEVIATE THE HARDSHIPS OF PERSONS OF EITHER SEX OF LIMITED MEANS RESIDING OR WHO HAVE RESIDED IN OR NEAR THE BOROUGH OF KETTERING OR ELSEWHERE IN THE COUNTY OF NORTHAMPTONSHIRE.
Financial health, per its FY2025 accounts
The accounts state that free reserves were above the trustees' target level of approximately £25,000 to £35,000 at the year end, with unrestricted reserves totaling £179,764. The trustees consider that the Trust has adequate resources to continue meeting its obligations to residents in the short term, noting that all properties are now occupied and income has increased following the completion of building projects.
What the accounts disclose
“The trustees have previously adopted a policy of maintaining free resources not earmarked for long term investment at a level which is approximately equivalent to twelve months of expected annual expenditure. This is estimated to equate to approximately £25,000 to £35,000 at 5 April 2025.” — page 5
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- 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
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
Trustees
- MRS JANE BROWNchair
- Andrew Michael Munn
- BRIAN JAMES REID
- Malcolm William Owen Bolt
- Paul Douglas Greenaway
- Rev Peter Douglas Strong
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £39k | £41k |
| 05/04/2024 | £132k | £22k |
| 05/04/2023 | £94k | £35k |
| 05/04/2022 | £74k | £23k |
| 05/04/2021 | £24k | £42k |
Common questions
Is NORTHAM TRUST financially healthy?
Per its FY2025 accounts: The accounts state that free reserves were above the trustees' target level of approximately £25,000 to £35,000 at the year end, with unrestricted reserves totaling £179,764. The trustees consider that the Trust has adequate resources to continue meeting its obligations to residents in the short term, noting that all properties are now occupied and income has increased following the completion of building projects. Its FY2025 accounts were independently examined.