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
Objects
THE TRUSTEES SHALL APPLY THE INCOME OF THE CHARITY FOR: 1. THE PURCHASE OF BIBLES FOR NEEDY CHILDREN OR OTHER NEEDY PERSONS IN THE AREA OF BENEFIT. 2. THE RELIEF OF PERSONS RESIDENT IN THE AREA OF BENEFIT WHO ARE IN CONDITIONS OF NEED, HARDSHIP, SICKNESS OR DISTRESS BY MAKING GRANTS OF MONEY OR PROVIDING OR PAYING FOR ITEMS, SERVICES OR FACILITIES CALCULATED TO REDUCE THE NEED, HARDSHIP, SICKNESS OR DISTRESS OF SUCH PERSONS. 3. THE ADVANCEMENT OF EDUCATION OF PERSONS UNDER THE AGE OF 25 YEARS WHO ARE OR WHO HAVE PARENTS RESIDENT IN THE AREA OF BENEFIT.
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
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
- Safeguarding policy and procedures
- Trustee conflicts of interest policy and procedures
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.