THE WELLS-COLE TRUST FUND
The income from the Trust Fund is to be used by the Trust Fund Trustees for the following purposes:-(a) the benefit of the village hall at Saham Toney(b) recreation generally in the Parish of Saham Toney (c) for the maintenance of the land and buildings situated at the Village Hall, Bell Lane, Saham Toney
Objects
THE OBJECTS OF THE CIO ARE TO PROMOTE FOR THE BENEFIT OF THE INHABITANTS OF THE PARISH OF SAHAM TONEY THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, FINANCIAL HARDSHIP OR SOCIAL AND ECONOMIC CIRCUMSTANCES OR FOR THE PUBLIC AT LARGE IN THE INTERESTS OF SOCIAL WELFARE AND WITH THE OBJECT OF IMPROVING THE CONDITION OF LIFE OF THE SAID INHABITANTS THROUGH: • THE PURCHASE OF BUILDINGS, EQUIPMENT AND FACILITIES FOR RECREATIONAL PURPOSES;• THE MAINTENANCE, PRESERVATION, IMPROVEMENT AND REFURBISHMENT OF EXISTING RECREATIONAL FACILITIES, LAND OR BUILDINGS WHICH, IN PARTICULAR, INCLUDE BUT ARE NOT LIMITED TO THE VILLAGE HALL AND THE RECREATION GROUND AT SAHAM TONEY;• THE PROMOTION OF COMMUNITY PARTICIPATION THROUGH THE PROCUREMENT OF COMMUNITY RECREATIONAL FACILITIES;• ENGAGING IN PARTNERSHIPS WITH OTHER ORGANISATIONS, CHARITABLE OR OTHERWISE, WITH THE AIM OF PROVIDING, IMPROVING AND MAINTAINING RECREATIONAL FACILITIES WITHIN THE PARISH OF SAHAM TONEY; AND• BY ANY OTHER MEANS AS THE TRUSTEES MAY FROM TIME TO TIME DECIDE
Financial health, per its FY2025 accounts
The accounts state that the charity held closing free reserves of £2,466.75 for the financial year ending 2025. The trustees report that the long overdue transfer of legacy funds to the investment portfolio was achieved, and operating costs are expected to be reduced through the installation of solar panels. No specific reserves policy target is stated in the document.
What the accounts disclose
Policies the charity declares
- 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
Trustees
- ROGER HARROLDchair
- Clive Millan
- Daniel John Freeman
- JOHN STEPHEN BALDWIN
- Kathryn Anne Avery
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 11/07/2025 | £91k | £116k |
| 11/07/2024 | £79k | £10k |
| 11/07/2023 | £37k | £29k |
Common questions
Is THE WELLS-COLE TRUST FUND financially healthy?
Per its FY2025 accounts: The accounts state that the charity held closing free reserves of £2,466.75 for the financial year ending 2025. The trustees report that the long overdue transfer of legacy funds to the investment portfolio was achieved, and operating costs are expected to be reduced through the installation of solar panels. No specific reserves policy target is stated in the document. Its FY2025 accounts were audited by J W Chowing.