Indigent Welfare and Education Trust
Latest income
£103k
Latest spending
£208k
Registered
1989
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds decreased from £103,109 to £51,347 due to the purchase of an investment property costing £150,685. The charity notes that commercial property in the Bolton area remains difficult to let, resulting in empty property rates being paid on four owned properties.
What the accounts disclose
Going concern: noted by the trustees or auditor
“The Trustees remain aware that commercial property in the Bolton area remains difficult to let. This gives rise to empty property rates which are currently being paid on 4 of the properties owned.”
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- YUSUF AHMED PATELchair
- Noor Mohammed Yusuf
- Zakariyya Patel
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £103k | £208k |
| 31/12/2023 | £90k | £58k |
| 31/12/2022 | £97k | £68k |
| 31/12/2021 | £85k | £76k |
| 31/12/2020 | £84k | £39k |
Common questions
Is Indigent Welfare and Education Trust financially healthy?
The accounts state that unrestricted funds decreased from £103,109 to £51,347 due to the purchase of an investment property costing £150,685. The charity notes that commercial property in the Bolton area remains difficult to let, resulting in empty property rates being paid on four owned properties. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DAVID LISTER CHARITABLE TRUST | 1 | £7k |