THE GREY FOUNDATION
Advancing the education of pupils at Grey High School and Grey Junior School, Port Elizabeth, South Africa by -1. Providing scholarships, bursaries and prizes2. Providing and assisting in the provision of teaching facilities, teaching equipment and books3. Providing and assisting in the provision of schoolmasters4. Providing and assisting in the maintenance and management of the schools.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a cash deficit of £6,783 for the year, resulting in accumulated cash funds of £16,692. Total funds available, including investments valued at £117,582, stood at £134,275 at the end of the period. The trustees note that while current reserves cover bursary payments for approximately three years, they intend to increase revenue to sustain future growth.
What the accounts disclose
“Of this, £16,305 came from individual donations, £12,000 was transferred from Investments, £930 came from auction and raffle proceeds and £1,500 from the Old Greys’ Union Europe, £4,207 was Gift Aid from UK Revenue and there was £104 of interest received.” — page 1
“We target to have one year of bursary payments in reserves at the year end.” — page 3
Trustees
- CHARLES PAUL BUDGEchair
- Andrew Vaughan Morton
- Christopher Grant Forsyth
- KEITH OLIVER BUTLER-WHEELHOUSE
- MARK BRUCE MOLYNEUX
- Mark Satchel
- Patrick John Fleming
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £35k | £42k |
| 31/12/2024 | £215k | £215k |
| 31/12/2023 | £21k | £42k |
| 31/12/2022 | £31k | £46k |
| 31/12/2021 | £36k | £32k |
Common questions
Is THE GREY FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a cash deficit of £6,783 for the year, resulting in accumulated cash funds of £16,692. Total funds available, including investments valued at £117,582, stood at £134,275 at the end of the period. The trustees note that while current reserves cover bursary payments for approximately three years, they intend to increase revenue to sustain future growth. Its FY2025 accounts were independently examined.