QUEEN MARY'S SCHOOLS FOUNDATION

Charity number: 1175360
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Foundation furthers the education of pupils attending the Schools of the Foundation and which are, namely, Mayfield Preparatory School, Queen Mary's Grammar School and Queen Mary's High School. Each of the Schools are based in Walsall, West Midlands. The Foundation assists pupils by the funding of prizes, scholarships and maintenance allowances.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£2,328,764

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Donations and legacies £230
Charitable activities £2.24m
Other trading activities £0
Investments £90.21k
Other £0

Total expenditure:
£2,200,199

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Raising funds £25.13k
Charitable activities £2.18m
Other £0

£89,373 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 £25.13k
Charitable expenditure £2.18m
Retained for future use £128.57k

People

44 Employee(s)

10 Trustee(s)

20 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£90k to £100k 1

Fundraising

No information available

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

Main way of carrying out purposes is grant making
What the charity does:
  • Education/training
Who the charity helps:
  • Children/young People
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Buildings/facilities/open Space
  • Provides Advocacy/advice/information
Where the charity operates:
  • Walsall

Governance

Registration history:
  • 21 February 1964: Standard registration
Organisation type:
CIO
Other names:

No other names

Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints policy and procedures
  • 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
  • Safeguarding policy and procedures
  • Serious incident reporting policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses 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

10 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Neil Christopher Moseley Trustee 16 July 2024
None on record
Dr Edward Kok Hun Ng Trustee 16 July 2024
None on record
Timothy Normanton Trustee 16 July 2024
None on record
John MacDonald Waters Trustee 21 November 2023
None on record
Daniel Hunt Trustee 09 September 2020
None on record
JOHN NICHOLAS PUNCH FRICS Trustee 05 February 2019
None on record
Paul Lee Trustee 05 February 2019
None on record
Katrina Nicole Healey-Davis Trustee 05 February 2019
None on record
VIVIAN MARGARET FAIRBANK Trustee 05 February 2019
None on record
REBECCA ELIZABETH HEARSEY Trustee 05 February 2019
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £1.91m £1.90m £2.08m £2.22m £2.33m
Total expenditure £1.92m £1.88m £2.02m £2.21m £2.20m
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 £10.91k £117.04k £577 £0 £230
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £1.81m £1.71m £2.00m £2.13m £2.24m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £87.75k £72.49k £79.11k £85.73k £90.21k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.81m £1.79m £1.86m £2.04m £2.18m
Expenditure - Raising funds £110.00k £91.74k £159.64k £167.08k £25.13k
Expenditure - Governance £54.52k £58.01k £60.48k £55.96k £99.27k
Expenditure - Grants institution £39.78k £62.94k £70.83k £66.78k £58.19k
Expenditure - Investment management £11.65k £35.44k £68.14k £73.41k £25.13k
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 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £3.93m £3.93m £3.96m £3.65m £3.65m
Long-term investments £924.05k £1.08m £1.14m £1.06m £1.15m
Other assets £749.18k £875.50k £919.27k £931.56k £948.80k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £819.28k £935.45k £969.06k £982.05k £887.95k

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 March 2024 31 January 2025 On time
Accounts and TAR 31 March 2024 31 January 2025 On time Download Open in new window
Annual return 31 March 2023 30 January 2024 On time
Accounts and TAR 31 March 2023 30 January 2024 On time Download Open in new window
Annual return 31 March 2022 27 January 2023 On time
Accounts and TAR 31 March 2022 27 January 2023 On time Download Open in new window
Annual return 31 March 2021 28 January 2022 On time
Accounts and TAR 31 March 2021 28 January 2022 On time Download Open in new window
Annual return 31 March 2020 29 January 2021 On time
Accounts and TAR 31 March 2020 29 January 2021 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.

CIO - FOUNDATION Registered 25 Oct 2017

Charitable objects

THE OBJECTS OF THE CIO ARE THE ADVANCEMENT OF EDUCATION BY: (A) THE CONDUCT AND MAINTENANCE OF MAYFIELD PREPARATORY SCHOOL AND SUCH OTHER PREPARATORY SCHOOL OR SCHOOLS FOR THE EDUCATION OF GIRLS AND BOYS AS THE CHARITY TRUSTEES MAY FROM TIME TO TIME THINK FIT; (B) THE PROVISION OF PREMISES, SUPPORT, SERVICES AND FACILITIES FOR THE SCHOOLS OF THE FOUNDATION OR ANY FORMER SCHOOL OF THE FOUNDATION WHICH HAS BECOME AN ACADEMY WITHIN THE MEANING OF THE ACADEMIES ACT 2010; (C) THE AWARD OF: (I) SCHOLARSHIPS TENABLE TO ANY SCHOOL OF THE FOUNDATION TO PUPILS SELECTED ON GROUNDS OF MERIT; (II) LEAVING EXHIBITIONS, TO PUPILS WHO HAVE ATTENDED A SCHOOL OF THE FOUNDATION FOR AT LEAST TWO YEARS, TENABLE AT ANY UNIVERSITY OR OTHER INSTITUTION OF HIGHER OR FURTHER (INCLUDING PROFESSIONAL OR TECHNICAL) EDUCATION APPROVED BY THE CHARITY TRUSTEES OR FOR THE PURPOSE OF ENABLING THE EXHIBITOR TO PURSUE A COURSE OF STUDY APPROVED BY THEM; (III) MAINTENANCE ALLOWANCES FOR PUPILS WHO NEED FINANCIAL ASSISTANCE TO ATTEND ANY SCHOOL OF THE FOUNDATION; (IV) PRIZES OR OTHER SUITABLE REWARDS OR MARKS OF DISTINCTION TO ANY PUPIL WORTHY OF REWARD OR DISTINCTION; AND (D) OTHERWISE PROMOTING THE EDUCATION OF BOYS AND GIRLS ATTENDING THE SCHOOLS OF THE FOUNDATION IN SUCH WAYS AS THE CHARITY TRUSTEES THINK FIT.

Linked charities

Linked charities
Linked charity 1175360-16 ALICE MAUD KIRBY SCHOLARSHIP FUND
Governing document
SCHEME OF 3 JANUARY 1951
Charitable objects
PROVISION OF A PRIZE FUND AT QUEEN MARY'S SCHOOLS
Area of benefit
NOT DEFINED
Registration history
  • 21 February 1964 : Standard registration

Contact information

Address:
Wallace Crooke
20 Birmingham Road
Walsall
West Midlands
WS1 2LT
Phone:
01922 612309
Email:
clerk@qmfoundation.org
Website:

No information available