## **Trustees' Annual Report for the period**
Period start date Period end date 1[ST] January 2021 31[st] December 2021
**From**
**To**
## Section A Reference and administration details
**Charity name** INDIGENT WELFARE & EDUCATION TRUST
**Other names charity is known by Registered charity number (if any)**
**Charity's principal address** 25 Cross Ormerod Street
Bolton **Postcode BL3 5EA**
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 MR Y A PATEL HEAD TRUSTEE MR Y A PATEL
2 MR IM PATEL TRUSTEE
3 MR H YUSEF TRUSTEE
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
## **Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year**
March **2012**
**TAR**
1
**Names and addresses of advisers (Optional information) Type of adviser Name Address Name of chief executive or names of senior staff members (Optional information)**
## **Section B Structure, governance and management**
## **Description of the charity’s trusts**
Trust Deed Type of governing document (eg. trust deed, constitution) Trust How the charity is constituted (eg. trust, association, company) Trustees are appointed by the head Trustee Trustee selection methods (eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
The Charity changed it’s name from The Family Welfare Trust and You **may choose** to include amended it’s Trust Deed during the year. additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
## **Section C Objectives and activities**
The relief of need, hardship or distress of the poor in particular poor orphan children and widows and the relief of sickness of the **Summary of the objects of the** disabled and the advancement of education in England and **charity set out in its** throughout the world by providing sustainable aid concentrating on **governing document** education, digital and welfare projects.
March **2012**
**TAR**
2
The Trustees have continued to make donations during the year to other charities whose activities meet with the objects of the Charity. Each donation is thoroughly researched before it is made to ensure as far as possible that donation goes towards the relief of need, hardship and distress
The Trustees are aware of, and have taken regard to, the Charity Commission's guidance on public benefit and believe that the main activities detailed below provide a benefit to the public. Donations in the year were made as follows
**Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)**
## **As Suffah Academy**
Educational Establishment and Community Welfare Charity number 1188546
**Northern Cleft Foundation**
To assist the charity in carrying out life changing surgical operations to poor people throughout the world. Charity number 1138295
In view of the uncertainty about the Charities income in the wake of the Covid pandemic the Trustees decided to minimise donations during the year.
## **Additional details of objectives and activities (Optional information)**
You **may choose** to include further statements, where relevant, about:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
March **2012**
**TAR**
3
Section D Achievements and performance
**Summary of the main achievements of the charity during the year**
The charity continued to face major challenges during this financial year as a result of the Coronavirus pandemic. The majority of the charity’s tenants were severely affected and many were facing major financial difficulties. As a result of this the charity embarked on a major support project for it’s tenants and offered rental reductions. This allowed the businesses to remain afloat and at the same time allowed the charity to continue receiving income and to minimise the payment of business rates on empty properties..
A further challenge has been the recovery from Covid-19. High Street business in the town centre has been impacted greatly. Many of the charity’s properties are in Bolton town centre so this poses a considerable challenge. However, as a whole we feel we have managed to weather the worst effects of the pandemic and are working hard to reestablish the income of the charity.
A direct impact of the above challenge has been a major reduction in donations in the financial year. We have limited ourselves to 2 donations as the majority of our help has been to our tenants as described above. A further challenge that the charity successfully completed was the roof repair work at Samuel Crompton House. SCH is a big building which comprises of 4 tenants and provides considerable rental income to the charity. The roof was in a severely neglected state and was becoming a safety and electrical hazard. This was successfully replaced and all hazards have now been removed. However, to complete it to a professional standard it cost the charity a considerable outlay during what was already a difficult financial year.
March **2012**
**TAR**
4
## **Section E Financial review**
**Brief statement of the charity’s policy on reserves**
The Charity aims to maintain sufficient cash reserves to meet its immediate liabilities and to provide for urgent property repairs.
**Details of any funds materially** The trustees are satisfied that the charity’s assets in each fund are **in deficit** available and adequate to fulfil its obligations in respect of each fund.
## **Further financial review details (Optional information)**
You **may choose** to include additional information, where relevant about:
- the charity’s principal sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
- investment policy and objectives including any ethical investment policy adopted.
## **Section F Other optional information**
## **Section G Declaration**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**----- Start of picture text -----**
IM Patel
**----- End of picture text -----**
**Signature(s)**
**Full name(s)** IM Patel **Position (eg Secretary, Chair,** Trustee **etc)**
**Date** 5th October 2022
March **2012**
**TAR**
5
**----- Start of picture text -----**
328148
INDIGENT WELFARE & EDUCATION TRUST CC16a
For the period
To
from 01/01/2021 31/12/2021
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Investment income 84,635 - - 84,635 74,015
Covid grant - - - - 10,000
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
84,635 - - 84,635 84,015
AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 84,635 - - 84,635 84,015
A3 Payments
Charitable donations 9,000 - - 9,000 12,038
Investment properties utilities 1,372 - - 1,372 12,356
Insurance 7,660 - - 7,660 7,109
Professional fees 940 - - 940 2,812
Propert maintenance 48,589 - - 48,589 4,149
Generalgovernance 430 - - 430 37
Empty property rates 8,308 - - 8,308
- - - - -
- - - - -
Sub total [ 76,299 ] - - 76,299 38,501
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 76,299 - - 76,299 38,501
Net of receipts/(payments) 8,336 - - 8,336 45,514
A5 Transfers between funds - - - - -
A6 Cash funds last year end 86,338 - - 86,338 40,824
Cash funds this year end 94,674 - - 94,674 86,338
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CCXX R1 accounts (SS)
13/10/2022
1
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
Investment properties
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**86,338**
**-**
**-**
**-**
**-**
**-**
**86,338**
**-**
Agreement Error
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**General**
**794,264**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
IM Patel|**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**|
|---|---|---|---|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval
05/10/2022|
CCXX R2 accounts (SS)
13/10/2022
2
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name INDIGENT WELFARE & EDUCATION TRUST **members of On accounts for the year** 31[st] December 2021 **Charity no** 328148 **ended (if any) Set out on pages** 1 - 2 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31[st] December 2021. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
**Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
**Signed: Date:** 13[th] October 2022 **Name:** David Neil Boardwell **Relevant professional** The Institute of Chartered Accountants in England and Wales **qualification(s) or body (if any):**
**Oct 2018**
1
**IER**
Oakdene **Address:** Barrowford Road Burnley BB12 9AT
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
**Oct 2018**
2
**IER**