DR AND MRS CHADWICK'S CHARITY
The object of the Trust is the provision of housing for letting on weekly tenancies to persons of good character who are in conditions of need, hardship or distress. Applicants must be resident in Bolton.
Financial health, per its FY2024 accounts
The accounts state that free reserves were £883,636 at year-end, with a stated reserves policy to maintain funds for 12 months of recurring expenditure, non-recurring expenditure for the next two years, and a contingency equal to three rent periods. The charity holds significant unrestricted and endowment assets, including property valued at over £15 million, and reports controlled rental arrears at 2.97% of collectable rents.
What the accounts disclose
“All the Trustees of Dr & Mrs Chadwick’s Registered Charity are also Co-optative Trustees of The Chadwick Educational Foundation, a grant making charity for the benefit of Bolton schools, school children and students. Due to the extensive renovation program which started in 2023, the Trustees of Dr & Mrs Chadwick's Registered Charity decided not to give a donation to Chadwick Educational Foundation in 2024.” — page 4
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- DIANE PATRICIA ABBOTT
- Hannah Kate Lane
- Ian Tomkin
- Joanna Victoria Steele
- Joanne Marie Barlow
- Kathryn Louise Hodgkiss
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £688k | £697k |
| 31/12/2023 | £674k | £720k |
| 31/12/2022 | £566k | £319k |
| 31/12/2021 | £521k | £564k |
| 31/12/2020 | £510k | £422k |
Common questions
Is DR AND MRS CHADWICK'S CHARITY financially healthy?
Per its FY2024 accounts: The accounts state that free reserves were £883,636 at year-end, with a stated reserves policy to maintain funds for 12 months of recurring expenditure, non-recurring expenditure for the next two years, and a contingency equal to three rent periods. The charity holds significant unrestricted and endowment assets, including property valued at over £15 million, and reports controlled rental arrears at 2.97% of collectable rents. Its FY2024 accounts were audited by Barlow Andrews LLP.