NORTHERN COLLEGE (UNITED REFORMED AND CONGREGATIONAL)
The object of the College is to advance the Christian Religion in accordance with the tenets of the Churches by providing education and training for:1. candidates for the ministries of the Churches,2. Ministers of, and lay people in, the Churches, and3. Ministers and lay persons from other denominations and in such other ways as the governors think fit.
Financial health, per its FY2024 accounts
The accounts state that the charity holds £7,266,750 in total reserves, with £6,545,884 classified as free reserves. The trustees report a net outgoing resource of £45,510 for the year, largely offset by a significant gain on investment assets of £551,185. The trustees confirm adequate resources to continue operations for the foreseeable future, despite noting a planned merger process and ongoing funding reviews with the United Reformed Church.
What the accounts disclose
“Incoming resources from charitable activities 4 399,324 . . 399,324 367,419”
“Governors estimate that the level of reserves required to generate a substantial level of income are c. £4,935,000.”
Structured financials (annual return, FY ending 31/08/2024)
Trustees
- Luther King House Educational Trust
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2024 | £557k | £602k |
| 31/08/2023 | £516k | £603k |
| 31/08/2022 | £489k | £568k |
| 31/08/2021 | £480k | £537k |
| 31/08/2020 | £518k | £579k |
Common questions
Is NORTHERN COLLEGE (UNITED REFORMED AND CONGREGATIONAL) financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds £7,266,750 in total reserves, with £6,545,884 classified as free reserves. The trustees report a net outgoing resource of £45,510 for the year, largely offset by a significant gain on investment assets of £551,185. The trustees confirm adequate resources to continue operations for the foreseeable future, despite noting a planned merger process and ongoing funding reviews with the United Reformed Church. Its FY2024 accounts were audited by Beever and Struthers.