WANSTEAD COTTAGES TRUST
Making grants in support of work with children and young people to Anglican organisations in Wanstead and other approved Anglican organisations in the Diocese of Chelmsford.
Objects
THE OBJECTS OF THE CIO ARE, FOR THE PUBLIC BENEFIT:4.1 TO MAINTAIN THE CHURCH OF ENGLAND SCHOOLS IN THE AREA OF WANSTEAD OR FOR EDUCATIONAL OR CHARITABLE PURPOSES IN CONNECTION WITH SUCH SCHOOLS; 4.2 TO ADVANCE THE EDUCATION OF CHILDREN IN THE DIOCESE OF CHELMSFORD IN THE CHRISTIAN FAITH; AND 4.3 FOR SUCH OTHER RELIGIOUS EDUCATIONAL OR CHARITABLE PURPOSE AS THE BISHOP MAY SELECT AT THE REQUEST OF THE CHARITY TRUSTEES.
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £1,256,093 at year-end, which the trustees confirmed was sufficient to comply with their stated policy of maintaining £35,000 to cover operational assets for 24 months. The charity reported a net surplus of £8,811 for the year, funded primarily by rental income, with no disclosed liabilities or material uncertainties affecting its financial position.
What the accounts disclose
“The Trust’s policy, reviewed in January 2023, is to maintain sufficient reserves to cover its operational assets for at least the following 24 months. At present this is defined as £35,000.” — page 4
Policies the charity declares
- Financial reserves policy and procedures
- Investing charity funds policy and procedures
- Risk management
Property (HM Land Registry)
Register events
- Received assets from another charity (18/10/2022)
Trustees
- Rev James Bernard Gilderchair
- Dr Barbara Hepworth Jones
- Jennifer Mary Ambler
- Margaret Avril Carnelley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £34k | £25k |
| 31/12/2023 | £32k | £19k |
| 31/12/2022 | £30k | £36k |
| 31/12/2021 | £15k | £6k |
Common questions
Is WANSTEAD COTTAGES TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £1,256,093 at year-end, which the trustees confirmed was sufficient to comply with their stated policy of maintaining £35,000 to cover operational assets for 24 months. The charity reported a net surplus of £8,811 for the year, funded primarily by rental income, with no disclosed liabilities or material uncertainties affecting its financial position. Its FY2024 accounts were independently examined.