THE KING HENRY VIII ENDOWED TRUST, WARWICK

Charity number: 232862
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Trust provides income for the Warwick Anglican Churches, the Warwick Independent Schools Foundation and the inhabitants of the town of Warwick. The Warwick Churches and the Schools Foundation receive set proportions of the Trust's income and the town share is dispensed by applications for grants. Further details can be obtained from the Trust's website.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£1,256,347

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Donations and legacies £0
Charitable activities £0
Other trading activities £0
Investments £1.26m
Other £0

Total expenditure:
£2,787,646

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Raising funds £190.60k
Charitable activities £2.60m
Other £0

£7,401,288 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 £190.60k
Charitable expenditure £2.60m

People

11 Trustee(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

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

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Disability
  • The Prevention Or Relief Of Poverty
  • Religious Activities
  • Arts/culture/heritage/science
  • Amateur Sport
  • Environment/conservation/heritage
  • Recreation
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
Where the charity operates:
  • Warwickshire

Governance

Registration history:
  • 28 January 1964: Standard registration
  • 02 June 1999: Removed (Ceased to exist)
Organisation type:
Trust
Other names:
  • KING HENRY VIII CHARITY, WARWICK (Previous name)
  • THE WARWICK MUNICIPAL CHARITIES (Previous name)
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Risk management
  • Trustee conflicts of interest policy and procedures
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

11 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Rev Canon Angus Robert Aagaard Trustee 24 June 2024
THE APPRENTICING AND RELIEF IN NEED CHARITIES
Received: On time
WARWICK RELIEF IN NEED CHARITY
Received: On time
ST MARY'S HALL TRUST
Received: On time
THE WARWICK & BUDBROOKE CHURCHES COMMUNITY OUTREACH POOL
Received: On time
PRIORY POOLS COMMUNITY CENTRE
Recently registered
Mark Samuel Wilton Lee Trustee 26 April 2024
None on record
Simon Lesley Pargeter Trustee 12 June 2023
None on record
Bernardine Mary Adkins Trustee 12 June 2023
None on record
Vivienne Marjory Bosworth Trustee 01 April 2022
WARWICK INDEPENDENT SCHOOLS FOUNDATION
Received: On time
WARWICK SCHOOLS FOUNDATION TRUST
Received: On time
THE HEARTH FOUNDATION
Received: On time
2ND WARWICK SEA SCOUT GROUP
Received: On time
Susan Grinnell Trustee 06 March 2017
AUSTIN EDWARDS CHARITY
Received: On time
MRS MARIE ASHE Trustee 24 December 2012
WARWICK INDEPENDENT SCHOOLS FOUNDATION
Received: On time
WARWICK SCHOOLS FOUNDATION TRUST
Received: On time
IAN FURLONG Trustee 28 November 2012
THE WARWICK & BUDBROOKE CHURCHES COMMUNITY OUTREACH POOL
Received: On time
STEPHEN GERALD COPLEY Trustee 01 November 2012
THE WARWICK & BUDBROOKE CHURCHES COMMUNITY OUTREACH POOL
Received: On time
KATHRYN ALISON PARR Trustee 10 December 2010
None on record
JOHN FREDERICK EDWARDS Trustee 13 May 2010
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £9.54m £18.09m £914.37k £1.06m £1.26m
Total expenditure £5.09m £10.88m £1.83m £2.45m £2.79m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £0 £0 £0 £0 £0
Income - Other trading activities £8.38m £16.28m £0 £0 £0
Income - Charitable activities £0 £0 £0 £0 £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £1.16m £1.81m £914.37k £1.06m £1.26m
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.64m £1.56m £1.63m £2.09m £2.60m
Expenditure - Raising funds £3.44m £9.32m £199.76k £362.29k £190.60k
Expenditure - Governance £26.80k £22.31k £22.31k £25.43k £27.21k
Expenditure - Grants institution £1.50m £311.71k £213.53k £474.60k £384.55k
Expenditure - Investment management £128.73k £154.70k £197.73k £204.66k £190.60k
Expenditure - Other £0 £0 £0 £0 £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 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £0 £0 £0 £0 £0
Long-term investments £30.63m £56.94m £74.34m £67.59m £74.41m
Other assets £36.73m £18.22m £5.29m £4.09m £2.05m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £7.68m £6.36m £2.95m £2.02m £932.79k

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 December 2023 01 July 2024 On Time
Accounts and TAR 31 December 2023 01 July 2024 On Time Download Open in new window
Annual return 31 December 2022 24 July 2023 On Time
Accounts and TAR 31 December 2022 24 July 2023 On Time Download Open in new window
Annual return 31 December 2021 04 October 2022 On Time
Accounts and TAR 31 December 2021 04 October 2022 On Time Download Open in new window
Annual return 31 December 2020 29 July 2021 On Time
Accounts and TAR 31 December 2020 29 July 2021 On Time Download Open in new window
Annual return 31 December 2019 28 August 2020 On Time
Accounts and TAR 31 December 2019 28 August 2020 On Time Download Open in new window
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.

TRUST DEED DATED 28/11/2011 AS AMENDED BY SCHEME DATED 22/05/2015 AS AMENDED BY SCHEME DATED 16 AUG 2021 as amended on 23 Sept 2024

Charitable objects

INCOME TO BE APPLIED TO THE CHURCH, WARWICK INDEPENDENT SCHOOL FOUNDATION SCHOOL AT WARWICK AND FOR THE BENEFIT OF THE INHABITANTS OF THE TOWN OF WARWICK (FOR DETAILS SEE CLAUSES 18 TO 24 OF SCHEME).

Area of benefit

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

THE OLD BOROUGH OF WARWICK

Linked charities

Linked charities
Linked charity 232862-1 KING HENRY VIII CHARITY, WARWICK
Governing document
SCHEME OF 23 NOVEMBER 1978. AS AMENDED BY SCHEME OF 31 DECEMBER 1987.
Charitable objects
INCOME TO BE APPLIED TO THE CHURCH,THE KINGS SCHOOLS AT WARWICK AND FOR THE BENEFIT OF THE INHABITANTS OF THE TOWN OF WARWICK. (FOR DETAILS SEE CLAUSES 25 TO 30 OF SCHEME.)
Area of benefit
BOROUGH OF WARWICK
Registration history
  • 28 January 1964 : Standard registration
  • 02 June 1999 : Removed

Contact information

Address:
CLERK AND RECEIVER
KING HENRY VIII ENDOWED TRUST
WARWICK
12 HIGH STREET
WARWICK
CV34 4AP
Phone:
01926495533
Email:
jwassall@kinghenryviii.org.uk
Website:

www.kinghenryviii.org.uk Open in new window