RAWLET TRUST
Trustees meet four times annually in January, April, July and October to consider education/training applications and relief-in-need/relief-in-sickness applications for funding from residents/organisations based in the Borough of Tamworth
Financial health, per its FY2025 accounts
The accounts state that the charity's unrestricted reserves were £35,111, which the trustees consider sufficient to cover agreed grant and operating budgets. The charity reported a net expenditure of £15,691 for the year, primarily driven by a significant loss on the revaluation of its endowment investments. Despite this, total funds remained substantial at £1,084,640, supported by an endowment fund valued at over £1 million.
What the accounts disclose
“The principal source of funding is dividends received from the investments.” — page 4
“The board of Trustees ensure that the reserves of the charity are sufficient to cover the grant and operating budgets agreed at the quarterly meetings.” — page 4
Trustees
- Adrian Howard Amedeo Johnson
- Councillor Kenneth Peter Norchi
- County Councillor Wayne Leslie Luca
- Dawn Candy
- ELIZABETH BATES
- Gareth Martin Coates
- IAN WILLIAM PERKINS
- Lesley Louise Gilman
- Neil Bradley
- Rev Andrew Simon Lythall
- Victoria Anne Vernon
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 09/03/2025 | £30k | £27k |
| 09/03/2024 | £30k | £32k |
| 09/03/2023 | £29k | £31k |
| 09/03/2022 | £29k | £22k |
| 09/03/2021 | £28k | £26k |
Common questions
Is RAWLET TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity's unrestricted reserves were £35,111, which the trustees consider sufficient to cover agreed grant and operating budgets. The charity reported a net expenditure of £15,691 for the year, primarily driven by a significant loss on the revaluation of its endowment investments. Despite this, total funds remained substantial at £1,084,640, supported by an endowment fund valued at over £1 million. Its FY2025 accounts were independently examined.