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ANGEL WELFARE AND EDUCATION TRUST

Registered charity 1106010 · accounts filings on the Charity Commission register

Latest income
£848k
Latest spending
£855k
Registered
2004
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted funds decreased to £96,379 from £232,037 the previous year, resulting in a net deficit for the period. The trustees report that the charity's reserves policy target of three to six months' expenditure has been maintained throughout the year. The independent examiner confirmed that accounting records were kept and financial statements accorded with those records.

What the accounts disclose

Reserves policy: three and six month’s expenditure (held: £96k)
“It is the policy of the charity 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 5
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Public fundraising profile: JustGiving — Angel Welfare & Education Trust (matched by registered charity number).

Structured financials (annual return, FY ending 31/10/2024)

Total income
£848k
Total spending
£855k
Cost of raising funds
£2k
Reserves (reported)
£96k
Employees
0

Reported reserves equal ~1.4 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Burundi · Kenya · Rwanda · South Africa · Tanzania · The Gambia · Uganda

Income and spending

Financial year endIncomeSpending
31/10/2024£848k£855k
31/10/2023£1.1m£842k
31/10/2022£901k£1.1m
31/10/2021£855k£954k
31/10/2020£923k£783k

Common questions

Is ANGEL WELFARE AND EDUCATION TRUST financially healthy?

The accounts state that unrestricted funds decreased to £96,379 from £232,037 the previous year, resulting in a net deficit for the period. The trustees report that the charity's reserves policy target of three to six months' expenditure has been maintained throughout the year. The independent examiner confirmed that accounting records were kept and financial statements accorded with those records. Its FY2024 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
DAVID LISTER CHARITABLE TRUST1£7k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE SHANLEY CHARITABLE TRUST.