JB Willows Legacy Trust
Accommodation/housing for retired employees and their families.
Objects
THE TRUST PROPERTY AND THE RENT AND THE INCOME THEREOF SHALL BE HELD AND APPLIED FOR THE USE AND BENEFIT OF ARTIZANS OR OTHER PERSONS OF THE WORKING CLASSES (INCLUDING CLERCIAL WORKERS) AND WHETHER IN ACTIVE EMPLOYMENT OR UNABLE THROUGH AGE OR INFIRMITY ANY LONGER TO WORK AND WHO BY REASON OF POVERTY OR INSUFFICIENCY OF INCOME ARE UNABLE TO PAY THE RENT OF THE FULL ECONOMIC RENT FOR A DWELLINGHOUSE AFFORDING REASONABLE ACCOMMODATION FOR THEMSELVES AND THEIR FAMILIES OR DEPENDENTS. PREFERENCE SHALL BE GIVEN TO EMPLOYEES OR EX-EMPLOYEES OF THE BRITISH OIL AND CAKE MILLS LIMITED.
Financial health, per its FY2024 accounts
The accounts state that the charity's financial position was stable with adequate net current assets and unrestricted reserves of £2,163,771. The trustees report that reserves are kept adequate for structural and cosmetic maintenance, noting that rising repair costs necessitate a robust maintenance plan. The charity relies on rental income to fund operations and maintain its properties.
What the accounts disclose
“The Charity keeps reserves adequate for the structural an cosmetic maintenance of the properties.” — page 3
“The HEY Smile Foundation provides operational management administration assistance.” — page 12
Policies the charity declares
- Complaints handling
- Conflicting interests
- Paying staff
- Risk management
- Safeguarding vulnerable beneficiaries
- Volunteer management
Funders the charity credits
- National Lottery
Trustees
- HEY Smile Foundation
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £57k | £50k |
| 31/12/2023 | £49k | £47k |
| 31/12/2022 | £45k | £84k |
| 31/12/2021 | £44k | £62k |
| 31/12/2020 | £46k | £43k |
Common questions
Is JB Willows Legacy Trust financially healthy?
Per its FY2024 accounts: The accounts state that the charity's financial position was stable with adequate net current assets and unrestricted reserves of £2,163,771. The trustees report that reserves are kept adequate for structural and cosmetic maintenance, noting that rising repair costs necessitate a robust maintenance plan. The charity relies on rental income to fund operations and maintain its properties. Its FY2024 accounts were independently examined.