LOUGHBOROUGH SCHOOLS FOUNDATION

Charity number: 1081765
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Charity exists to operate four independent schools providing for pupils aged from 3 to 18. The aim is to attain the highest academic levels and ensure an extra-curricular programme which will develope life long interests and a desire to contribute to the community.

Income and expenditure

Data for financial year ending 31 August 2023

Total income:
£36,551,000

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Donations and legacies £392.00k
Charitable activities £34.99m
Other trading activities £489.00k
Investments £442.00k
Other £242.00k

Total expenditure:
£36,308,000

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Raising funds £798.00k
Charitable activities £35.51m
Other £0

-£164,000 investments gains (losses)

Total income includes £645,000 from 5 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.

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Raising funds and other expenditure £798.00k
Charitable expenditure £35.51m
Retained for future use £243.00k

People

741 Employee(s)

12 Trustee(s)

30 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 10
£70k to £80k 3
£80k to £90k 1
£90k to £100k 3
£110k to £120k 1
£120k to £130k 1
£130k to £140k 2

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

What the charity does:
  • Education/training
Who the charity helps:
  • Children/young People
How the charity helps:
  • Makes Grants To Individuals
Where the charity operates:
  • Derbyshire
  • Leicestershire
  • Nottinghamshire

Governance

Registration history:
  • 28 July 2000: Standard registration
  • 01 February 2017: Funds received from 1110802 OUR LADY'S CONVENT SCHOOL
Organisation type:
Charitable company
Other names:
  • LOUGHBOROUGH ENDOWED SCHOOLS (Previous name)
Company number:
04038033 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
  • Financial Conduct Authority
  • Ofsted (Office For Standards In Education)
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • 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
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media 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

12 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Roger Harrison Chair 27 November 2014
None on record
Robert William James Saunt Trustee 12 September 2024
None on record
Katharine Basey Trustee 22 May 2023
None on record
Sarah Gowers-Cromie Trustee 22 May 2023
None on record
Simon Leese Trustee 22 May 2023
THE CHESTERTON HOUSE FOUNDATION
Received: On time
WOODHOUSE COMMUNITY HALL TRUST
Received: On time
ROTARY CLUB OF LOUGHBOROUGH BEACON TRUST FUND
Received: On time
Andrew Bowden Trustee 27 October 2022
None on record
Jason Cimurs Trustee 15 September 2022
None on record
Ann Clark Trustee 05 September 2022
None on record
Dr JAMES ESSON Trustee 01 September 2021
None on record
Anna Murphy Trustee 05 July 2018
None on record
Sister Celine Leydon Trustee 01 September 2015
THE SISTERS OF PROVIDENCE (ROSMINIAN)
Received: On time
ROWENA JANE ELIZABETH LIMB Trustee 25 June 2013
None on record

Financial history

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Financial period end date

Income / Expenditure 31/08/2019 31/08/2020 31/08/2021 31/08/2022 31/08/2023
Total gross income £31.39m £30.69m £31.84m £34.10m £36.55m
Total expenditure £31.06m £31.46m £32.81m £33.47m £36.31m
Income from government contracts N/A N/A N/A N/A £645.00k
Income from government grants N/A £1.08m £219.00k N/A N/A
Income - Donations and legacies £631.00k £86.00k £111.00k £377.00k £392.00k
Income - Other trading activities £726.00k £428.00k £523.00k £528.00k £489.00k
Income - Charitable activities £29.87m £30.05m £31.02m £32.79m £34.99m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £163.00k £123.00k £138.00k £218.00k £442.00k
Income - Other £0 £0 £45.00k £186.00k £242.00k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £30.59m £31.15m £32.28m £32.78m £35.51m
Expenditure - Raising funds £466.00k £312.00k £530.00k £696.00k £798.00k
Expenditure - Governance £292.00k £302.00k £291.00k £317.00k £396.00k
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 31/08/2019 31/08/2020 31/08/2021 31/08/2022 31/08/2023
Own use assets £67.88m £67.50m £66.36m £64.99m £63.97m
Long-term investments £4.15m £4.14m £5.05m £4.85m £4.80m
Other assets £3.00m £6.14m £7.21m £7.94m £8.07m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £6.37m £9.99m £10.89m £9.81m £8.79m

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 28 June 2024 On Time
Accounts and TAR 31 August 2023 28 June 2024 On Time Download Open in new window
Annual return 31 August 2022 09 June 2023 On Time
Accounts and TAR 31 August 2022 09 June 2023 On Time Download Open in new window
Annual return 31 August 2021 20 June 2022 On Time
Accounts and TAR 31 August 2021 20 June 2022 On Time Download Open in new window
Annual return 31 August 2020 29 June 2021 On Time
Accounts and TAR 31 August 2020 29 June 2021 On Time Download Open in new window
Annual return 31 August 2019 07 July 2020 7 days late
Accounts and TAR 31 August 2019 07 July 2020 7 days late 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.

MEMORANDUM AND ARTICLES INCORPORATED 20/07/2000 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 11/10/2002 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 23/03/2006 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 22/11/2007 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 03/07/2008 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 31/07/2015 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 21 MAY 2018 AS AMENDED ON 21 MAR 2019 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 02 MAY 2024

Charitable objects

TO ADVANCE EDUCATION BY CARRYING ON IN GREAT BRITAIN A SCHOOL OR SCHOOLS WHICH MAY BE DAY OR BOARDING AT WHICH INFANTS, CHILDREN AND STUDENTS MAY OBTAIN EDUCATION AND INSTRUCTION IN ACADEMIC, SPORTING, MUSICAL, CULTURAL, SCIENTIFIC, TECHNICAL, RELIGIOUS, VOCATIONAL, SOCIAL AND COMMERCIAL SUBJECTS ACTIVITIES AND CRAFTS OF EVERY DESCRIPTION AND BY ANCILLARY OR INCIDENTAL EDUCATIONAL ACTIVITIES AND OTHER ASSOCIATED ACTIVITIES FOR THE BENEFIT OF THE COMMUNITY.

Area of benefit

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

NOT DEFINED

Contact information

Address:
3 BURTON WALKS
LOUGHBOROUGH
LE11 2DU
Phone:
01509 283700
Email:
secretary.board@lsf.org
Website:

www.lsf.org Open in new window