THE OLDHAM FOUNDATION
The objects of the Charity are wide and the Trustees may pay, or apply, both capital and income for such charitable purposes as they, in their absolute discretion, think fit. The Trust does however give particular consideration to the support of former employees of Oldham International Limited, its subsidiary companies and staff of the Oldham family.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a net expenditure of £61,710, resulting in a decrease in total funds of £87,766. To cover this deficit, the trustees transferred £61,710 from capital funds, maintaining unrestricted funds at £787,726. The trustees confirm there are no material uncertainties regarding the charity's ability to continue its activities.
What the accounts disclose
“The trustees' policy is to meet charitable expenditure from incoming resources. If a deficit arises, this will be cleared by way of a transfer from capital funds.” — page 5
Trustees
- John Wetherherd Sharpechair
- Edward Oldham
- JOHN HERVEY OLDHAM
- MICHAEL DAVIES
- STEPHEN ROBERTS
- Thomas Frederick Roles
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £45k | £107k |
| 05/04/2024 | £44k | £89k |
| 05/04/2023 | £44k | £71k |
| 05/04/2022 | £57k | £87k |
| 05/04/2021 | £36k | £70k |
Common questions
Is THE OLDHAM FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a net expenditure of £61,710, resulting in a decrease in total funds of £87,766. To cover this deficit, the trustees transferred £61,710 from capital funds, maintaining unrestricted funds at £787,726. The trustees confirm there are no material uncertainties regarding the charity's ability to continue its activities. Its FY2025 accounts were independently examined.