WISBECH EDUCATIONAL FOUNDATION
Advancing independent education for the public benefit in or near Wisbech
Financial health, per its FY2025 accounts
The accounts state that the charity made a surplus before gains and losses of £103,042 for the year ended 31 January 2025, with total funds increasing to £3,800,805. The trustees report that the charity's finances are on a sounder footing following the transfer of the school's day-to-day running to a separate limited company. The primary source of funding is rental income from investment property, which is allocated towards bursaries, pension liability settlement, and reserves.
What the accounts disclose
“The trustees intend to use approximately one third of its rental income to fund bursaries, one third toward settlement of the pension cessation liability and one third to cover the charity's running costs and build its reserves so they can be invested to provide investment income to enable the charity to meet its objectives.”
“During the year, the charity paid £47 to an accountancy practice for professional services. A trustee of the charity is a partner in the accountancy practice.” — page 26
“In 2020, the charity transferred the business of the day to day running of the school to Wisbech Grammar School Ltd and Wisbech Educational Foundation now carries on charitable educational work within the local community.” — page 3
Property (HM Land Registry)
Trustees
- CHRISTOPHER MARK STEPHEN GOAD
- Catherine Rebecca Mair
- Dr Quintin Wong
- ELIZABETH CHRISTINE MORRIS
- Edward Stuart Blundy
- Judy Bodger
- Karina Simonne Albertine HART
- Paul Robin O'Connor
- Timothy David Chapman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £324k | £182k |
| 31/01/2024 | £238k | £92k |
| 31/01/2023 | £240k | £108k |
| 31/01/2022 | £227k | £127k |
| 31/01/2021 | £190k | £125k |
Common questions
Is WISBECH EDUCATIONAL FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity made a surplus before gains and losses of £103,042 for the year ended 31 January 2025, with total funds increasing to £3,800,805. The trustees report that the charity's finances are on a sounder footing following the transfer of the school's day-to-day running to a separate limited company. The primary source of funding is rental income from investment property, which is allocated towards bursaries, pension liability settlement, and reserves. Its FY2025 accounts were audited by Wheelers.
Charities like this
- WISHFORD FOUNDATION
- THE HUTCHINSON CHARITABLE TRUST
- IPSWICH SCHOOL FOUNDATION
- WISBECH ST MARY SPORTS AND COMMUNITY CENTRE
- THE WREXHAM (PAROCHIAL) EDUCATIONAL FOUNDATION
- THE HUDSON FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WISBECH EDUCATIONAL FOUNDATION | £324k | — | 0 | unclear | — | no doubt |
| WISHFORD FOUNDATION | £243k | — | 0 | unclear | — | no doubt |
| THE HUTCHINSON CHARITABLE TRUST | £509k | — | — | unclear | — | no doubt |
| IPSWICH SCHOOL FOUNDATION | £559k | — | 0 | below | — | no doubt |
| WISBECH ST MARY SPORTS AND COMMUNITY CENTRE | £177k | — | 0 | unclear | — | no doubt |
| THE WREXHAM (PAROCHIAL) EDUCATIONAL FOUNDATION | £428k | — | 0 | above | — | no doubt |