FOSSE BANK SCHOOL

Charity Number: 1045435
Charity is insolvent

Charity overview

Activities - how the charity spends its money

Fosse Bank School is an independent primary school and kindergarten for girls and boys from age 2 to 11.

Income and expenditure

Data for financial year ending 31 August 2021

Total income:
£1,166,624

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Donations and legacies £600
Charitable activities £1.09m
Other trading activities £73
Investments £72.45k
Other £6.88k

Total expenditure:
£1,159,441

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Raising funds £401
Charitable activities £1.16m
Other £0

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £401
Charitable expenditure £1.16m
Retained for future use £7.18k

People

35 Employee(s)

3 Trustee(s)

8 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1

Fundraising

This charity raises funds from the public but does not work with professional fundraisers or commercial participators.

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Amateur Sport
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
How the charity helps:
  • Makes Grants To Individuals
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
Where the charity operates:
  • Kent

Governance

Registration history:
  • 30 March 1995: Standard registration
Organisation type:
Charitable company
Other names:
  • FOSSE BANK SCHOOL (Working name)
  • FOSSE BANK NEW SCHOOL (Previous name)
Company number:
02924705 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
  • Ofsted (Office For Standards In Education)
Policies:
  • Complaints handling
  • Conflicting interests
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

3 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
MILES SEBASTIAN CAVEY Chair 29 June 2005
None on record
JACQUELINE DORIS RICHARDS Trustee 30 October 2001
None on record
DOUGLAS GEORGE WANSTALL Trustee 17 September 1998
None on record

Financial history

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Financial period end date

Income / Expenditure 31/08/2017 31/08/2018 31/08/2019 31/08/2020 31/08/2021
Total gross income £1.06m £1.21m £1.23m £1.08m £1.17m
Total expenditure £1.00m £1.16m £1.28m £1.12m £1.16m
Income from government contracts £0 £22.86k N/A N/A N/A
Income from government grants £0 N/A N/A N/A N/A
Income - Donations and legacies £6.93k £6.24k £17.41k £6.89k £600
Income - Other trading activities £1.44k £1.73k £1.71k £2.24k £73
Income - Charitable activities £927.19k £1.08m £1.10m £1.02m £1.09m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £120.25k £122.77k £107.23k £52.67k £72.45k
Income - Other £0 £0 £0 £0 £6.88k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.00m £1.16m £1.27m £1.12m £1.16m
Expenditure - Raising funds £1.02k £1.25k £1.26k £661 £401
Expenditure - Governance £0 £14.75k £0 £0 £27.36k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £895 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/08/2017 31/08/2018 31/08/2019 31/08/2020 31/08/2021
Own use assets £72.19k £83.57k £93.72k £80.09k £63.00k
Long-term investments £0 £0 £0 £0 £0
Other assets £368.87k £372.27k £386.49k £311.38k £350.60k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £439.43k £409.95k £478.08k £425.99k £440.18k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 August 2023
Accounts and TAR 31 August 2023
Annual return 31 August 2022
Accounts and TAR 31 August 2022
Annual return 31 August 2021
Accounts and TAR 31 August 2021
Annual return 31 August 2020
Accounts and TAR 31 August 2020
Annual return 31 August 2019
Accounts and TAR 31 August 2019
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 3 MAY 1994 AND AMENDED 12 JULY 1994, 1 OCTOBER 1994 AND 30 MAY 2006 AND 11 JUNE 2008 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 17 JUN 2019

Charitable objects

THE CHARITYãS OBJECTS (¶THE OBJECTS÷) ARE TO PROVIDE FOR THE EDUCATION OF CHILDREN.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED IN PRACTICE KENT AND EAST SUSSEX

Contact information

Address:
B D O LLP
THAMES TOWER
STATION ROAD
READING
RG1 1LX
Phone:
0118 925 4400
Email:
LIZZI.JONES@BDO.CO.UK
Website:

WWW.BDO.CO.UK