FREE GRAMMAR SCHOOL OF SIR WILLIAM LAXTON

Charity Number: 309918
Removed charity

Charity overview

Activities - how the charity spends its money

The Laxton School Charity operates as the day House for pupils of Oundle School which is an independent school for boys and girls between 11 and 18. The object of the charity is to provide at the School an education of the highest quality. As an independent school it seeks to offer the widest possible access to boys and girls capable of profiting from the education offered.

Income and expenditure

Data for financial year ending 31 August 2009

Total income:
£3,458,330

Text alternative for this canvas graphic is in the data table below.
Donations and legacies £0
Charitable activities £3.41m
Other trading activities £49.65k
Investments £0
Other £0

Total expenditure:
£3,556,032

Text alternative for this canvas graphic is in the data table below.
Raising funds £0
Charitable activities £3.50m
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 £53.20k
Charitable expenditure £3.50m

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Children/young People
How the charity helps:
  • Provides Services
Where the charity operates:
  • Northamptonshire

Governance

Registration history:
  • 28 July 1966: Standard registration
  • 05 October 2010: Removed (Ceased to exist)
Organisation type:
Other
Other names:
  • LAXTON SCHOOL (Working name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

" role="img"> Text alternative for this canvas graphic is in the data table below.

Financial period end date

Income / Expenditure 31/08/2005 31/08/2006 31/08/2007 31/08/2008 31/08/2009
Total gross income £2.63m £2.77m £3.18m £3.48m £3.46m
Total expenditure £3.21m £3.29m £3.47m £3.84m £3.56m
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 N/A N/A £0 £0 £0
Income - Other trading activities N/A N/A £0 £0 £49.65k
Income - Charitable activities N/A N/A £3.18m £3.48m £3.41m
Income - Endowments N/A N/A £0 £0 £0
Income - Investment N/A N/A £0 £0 £0
Income - Other N/A N/A £0 £0 £0
Income - Legacies N/A N/A £0 £0 £0
Expenditure - Charitable activities N/A N/A £3.46m £3.84m £3.50m
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance N/A N/A £3.50k £3.71k £11.25k
Expenditure - Grants institution N/A N/A £0 £0 £0
Expenditure - Investment management N/A N/A £0 £0 £0
Expenditure - Other N/A N/A £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.

" role="img"> Text alternative for this canvas graphic is in the data table below.
Asset / Liability 31/08/2005 31/08/2006 31/08/2007 31/08/2008 31/08/2009
Own use assets N/A N/A £0 £0 £0
Long-term investments N/A N/A £0 £0 £0
Other assets N/A N/A £0 £0 £0
Defined benefit pension scheme asset or liability N/A N/A £0 £0 £0
Total liabilities N/A N/A £2.03m £2.39m £2.49m

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 2009 05 February 2010 On Time
Accounts and TAR 31 August 2009 14 January 2010 On Time
Annual return 31 August 2008 15 June 2009 On Time
Accounts and TAR 31 August 2008 24 February 2009 On Time
Annual return 31 August 2007 23 January 2008 On Time
Accounts and TAR 31 August 2007 23 January 2008 On Time
Annual return 31 August 2006 26 June 2007 On Time
Accounts and TAR 31 August 2006 28 June 2007 On Time
Annual return 31 August 2005 02 May 2006 On Time
Accounts and TAR 31 August 2005 02 May 2006 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.

SCHEME OF 3 AUGUST 1999 AND RESOLUTION 10 DECEMBER 2009.

Charitable objects

TO MAINTAIN A GRAMMAR SCHOOL AS A DAY SCHOOL FOR BOYS.

Area of benefit

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

OUNDLE AND DISTRICT