KINGSLEY SCHOOL, BIDEFORD

Charity number: 306709
Removed charity

Charity overview

Activities - how the charity spends its money

The School is one of twelve schools administered by the Methodist Independent Schools Trust. It seeks to extend the Methodist ethos and character and contribute to diversity in education.

Income and expenditure

Data for financial year ending 31 August 2016

Total income:
£4,691,373

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Donations and legacies £0
Charitable activities £4.62m
Other trading activities £67.50k
Investments £5.17k
Other £2.10k

Total expenditure:
£4,708,841

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Raising funds £0
Charitable activities £4.69m
Other £0

£2,661 investments gains (losses)

Total income includes £70,343 from government contract(s)

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 £18.65k
Charitable expenditure £4.69m

Fundraising

This charity does not raise funds from the public

Trading

This charity has one or more 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
  • Religious Activities
Who the charity helps:
  • Children/young People
How the charity helps:
  • Provides Services
Where the charity operates:
  • Devon

Governance

Registration history:
  • 23 November 1965: Standard registration
  • 03 July 2018: Removed (Transfer of funds)
  • 03 July 2018: Funds transferred to 1142794 METHODIST INDEPENDENT SCHOOLS TRUST
Organisation type:
Trust
Other names:
  • EDGEHILL COLLEGE (Previous name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/08/2012 31/08/2013 31/08/2014 31/08/2015 31/08/2016
Total gross income £4.49m £4.48m £4.47m £4.41m £4.69m
Total expenditure £4.42m £4.52m £4.40m £4.32m £4.71m
Income from government contracts N/A N/A N/A £21.30k £70.34k
Income from government grants N/A N/A N/A £0 £0
Income - Donations and legacies £0 £0 £0 £75.29k £0
Income - Other trading activities £114.60k £123.40k £116.74k £103.86k £67.50k
Income - Charitable activities £4.35m £4.36m £4.23m £4.22m £4.62m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £677 £699 £741 £5.17k £5.17k
Income - Other £26.41k £4.07k £120.62k £10.33k £2.10k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £4.36m £4.44m £4.33m £4.21m £4.69m
Expenditure - Raising funds N/A N/A N/A N/A £18.65k
Expenditure - Governance £41.30k £54.96k £64.55k £84.98k £84.65k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
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 31/08/2012 31/08/2013 31/08/2014 31/08/2015 31/08/2016
Own use assets £6.60m £6.43m £6.26m £6.22m £6.52m
Long-term investments £22.24k £25.47k £27.59k £102.38k £105.04k
Other assets £572.89k £605.51k £858.46k £823.91k £741.20k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £6.10m £6.00m £6.01m £5.92m £6.27m

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 2017 Not submitted
Accounts and TAR 31 August 2017 27 June 2018 On Time
Annual return 31 August 2016 25 June 2017 On Time
Accounts and TAR 31 August 2016 25 June 2017 On Time
Annual return 31 August 2015 21 June 2016 On Time
Accounts and TAR 31 August 2015 21 June 2016 On Time
Annual return 31 August 2014 30 June 2015 On Time
Accounts and TAR 31 August 2014 30 June 2015 On Time

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.

METHODIST SECONDARY EDUCATION TRUST DEED OF 1903 DECLARATION OF TRUST DATED 8TH FEBRUARY 1951. LEGACY AND ENDOWMENT FUND - WILL PROVED 28TH FEBRUARY 1933

Charitable objects

A DAY AND BOARDING SCHOOL FOR THE EDUCATION OF GIRLS AND BOYS.

Area of benefit

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

NOT DEFINED