SPILSBY GRAMMAR SCHOOL FOUNDATION
Provides financial assistance to local schools which is not provided by local authority sources.Gives financial support to former pupils of local schools when they go on to further (post 18 education) or take up formal apprenticeships or registered vocational training at post 16 years level)
Objects
(A) IN OR TOWARDS PROVIDING SUCH SPECIAL BENEFITS OF ANY KIND NOT NORMALLY PROVIDED OUT OF PUBLIC FUNDS FOR THE KING EDWARD VI ACADEMY OR ANY SUCCESSOR SCHOOL IN SPILSBY AS MAY FROM TIME TO TIME BE AGREED BETWEEN THE TRUSTEES AND THE GOVERNORS OF THE SCHOOL;(B) IN PROMOTING THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF PERSONS UNDER THE AGE OF 25 YEARS WHO ARE RESIDENT IN OR NEAR SPILSBY OR WHO HAVE A PARENT OR PARENTS SO RESIDENT WHO HAVE AT ANY TIME ATTENDED AS A PUPIL AT A SCHOOL IN OR NEAR SPILSBY AND WHO ARE IN NEED OF FINANCIAL ASSISTANCE AND IN PARTICULAR BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING – (I) IN AWARDING TO SUCH PERSONS SCHOLARSHIPS, EXHIBITIONS, BURSARIES, MAINTENANCE ALLOWANCES OR GRANTS TENABLE AT ANY SCHOOL, UNIVERSITY, COLLEGE OF EDUCATION, OR OTHER INSTITUTION OF FURTHER (INCLUDING PROFESSIONAL AND TECHNICAL) EDUCATION APPROVED FOR THE PURPOSE BY THE TRUSTEE;(II) IN PROVIDING FINANCIAL ASSISTANCE, OUTFITS, CLOTHING, TOOLS, INSTRUMENTS OR BOOKS TO ASSIST SUCH PERSONS TO PURSUE THEIR EDUCATION (INCLUDING THE STUDY OF MUSIC AND OTHER ARTS), TO UNDERTAKE TRAVEL IN FURTHERANCE THEREOF, OR TO PREPARE TO ENTER A PROFESSION, TRADES, OCCUPATION OR SERVICE ON LEAVING SCHOOL, UNIVERSITY OR OTHER EDUCATIONAL ESTABLISHMENT;(C) IN OR TOWARDS PROVIDING SUCH SPECIAL BENEFITS OF ANY KIND NOT NORMALLY PROVIDED OUT OF PUBLIC FUNDS FOR ANY SCHOOL IN OR NEAR SPILSBY AS MAY FROM TIME TO TIME BE AGREED BETWEEN THE TRUSTEES AND THE GOVERNORS OF THE SCHOOL CONCERNED;(D) IN AWARDING PRIZES OR OTHER SUITABLE REWARDS OR MARKS OF DISTINCTION OF PUPILS ATTENDING THE SAID KING EDWARD VI ACADEMY OR ANY SUCCESSOR SCHOOL IN SPILSBY IN RECOGNITION OF THEIR ACADEMIC, ARTISTIC, CREATIVE, MORAL OR PHYSICAL ACHIEVEMENTS. (2) WITHIN THE LIMITS PRESCRIBED BY THIS SCHEME THE TRUSTEES SHALL HAVE FULL POWER TO MAKE RULES FOR THE AWARD OF SCHOLARSHIPS, EXHIBITIONS, BURSARIES, MAINTENANCE ALLOWANCES AND OTHER BENEFITS, INCLUDING RULES AS TO THE VALUE AND PERIOD OF TENURE OF THE AWARDS AND THE QUALIFICATIONS, METHOD OF ASCERTAINMENT AND SELECTION OF CANDIDATES FOR BENEFIT.
Financial health, per its FY2026 accounts
The Spilsby Grammar School Foundation reported an unrestricted fund balance of £1,599,636 as of 31 March 2026, a decrease from £1,735,392 in the previous year. The foundation's primary income source is investment income, which totaled £62,686 in the year, supporting grants to local schools and former pupils. The accounts were independently examined by Haines Watts, who issued an unqualified statement.
What the accounts disclose
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2026
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2024
- Grant-making is its main activity
Trustees
- CHRISTINA ANN HOLMESchair
- DAVID JOHN SISSON
- Julie Rajput
- MARGARET REEVE
- Max Harvey Gibson
- Simon Thorold
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2026 | £63k | £43k |
| 31/03/2025 | £50k | £44k |
| 31/03/2024 | £49k | £47k |
| 31/03/2023 | £48k | £53k |
| 31/03/2022 | £46k | £40k |
Common questions
Is SPILSBY GRAMMAR SCHOOL FOUNDATION financially healthy?
Per its FY2026 accounts: The Spilsby Grammar School Foundation reported an unrestricted fund balance of £1,599,636 as of 31 March 2026, a decrease from £1,735,392 in the previous year. The foundation's primary income source is investment income, which totaled £62,686 in the year, supporting grants to local schools and former pupils. The accounts were independently examined by Haines Watts, who issued an unqualified statement. Its FY2026 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MILLENNIUM POINT TRUST | 1 | £18k |
Charities like this
- AYLESBURY GRAMMAR SCHOOL FOUNDATION
- PENISTONE GRAMMAR SCHOOL FOUNDATION
- The Foundation Charity of Bishop Vesey's Grammar School
- THE POOLE GRAMMAR SCHOOL TRUST FUND
- THE GREAT YARMOUTH GRAMMAR SCHOOL FOUNDATION
- HIPPERHOLME GRAMMAR SCHOOL FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SPILSBY GRAMMAR SCHOOL FOUNDATION | £63k | — | 0 | unclear | — | no doubt |
| AYLESBURY GRAMMAR SCHOOL FOUNDATION | £160k | — | 0 | unclear | — | no doubt |
| PENISTONE GRAMMAR SCHOOL FOUNDATION | £78k | — | 0 | above | — | no doubt |
| The Foundation Charity of Bishop Vesey's Grammar School | £5.7m | — | 0 | above | — | no doubt |
| THE POOLE GRAMMAR SCHOOL TRUST FUND | £28k | — | 0 | unclear | — | no doubt |
| THE GREAT YARMOUTH GRAMMAR SCHOOL FOUNDATION | £36k | — | 0 | unclear | — | no doubt |