THE RAYMOND FREKE AWARD FUND
The provision of financial support to Choristers at Winchester Cathedral and Quiristers at Winchester College who would otherwise be unable to become or remain Choristers or Quiristers by virtue of the financial circumstances of their parents or parent.
Objects
FOR OR TOWARDS THE PROVISION OF FINANCIAL SUPPORT BY WAY OF PAYMENT OF THE WHOLE OR PART OF THE FEES AT THE SCHOOL [PILGRIMS' SCHOOL, WINCHESTER] OF GIFTED CHORISTERS AND QUIRISTERS WHO IN THE OPINION OF THE DIRECTOR OF MUSIC OF THE CATHEDRAL OR THE DIRECTOR OF MUSIC AND ORGANIST OF WINCHESTER COLLEGE (OR PERSONS HOLDING THESE OFFICES WHICH SUCCEED OR REPLACE THE SAME) AND WHO IN THE OPINION OF THE HEADMASTER OF THE PILGRIMS' SCHOOL (OR PERSON HOLDING THE OFFICE WHICH SUCCEEDS OR REPLACES THE SAME) SHOW SUFFICIENT ACADEMIC ABILITY OR PROMISE TO BE PUPILS AT THE SCHOOL AND WHO WOULD OTHERWISE BE UNABLE TO BECOME OR REMAIN SUCH CHORISTER OR QUIRISTER PUPILS BY VIRTUE OF THE FINANCIAL CIRCUMSTANCES OF THEIR PARENTS OR PARENT PROVIDED THAT(A)THE CHOICE OF SUCH BOYS TO RECEIVE A GRANT SHALL BE MADE BY THE TRUSTEES ON THE RECOMMENDATION OF THE BURSARY COMMITTEE OF THE SCHOOL;(B)THE AMOUNT OF THE GRANT TO THE PARENTS OR PARENT OF ANY SUCH BOY SHALL BE AT THE DISCRETION OF THE TRUSTEES WHO SHALL BEAR IN MIND THE INTENTION OF THE TRUST AND THE NEED OF THE CATHEDRAL AND COLLEGE TO RECRUIT CHORISTERS AND QUIRISTERS OF OUTSTANDING SINGING AND MUSICAL ABILITY.(C)A GRANT SHALL BE MADE WHEN AN APPROPRIATE NEED IS DETERMINED OR ARISES AND NOT NECESSARILY ONLY AT PREDETERMINED INTERVALS (BUT WITHOUT CREATING ANY BINDING TRUST OR LEGAL OBLIGATION) WITH THE EXPECTATION THAT REGULAR AND NOT LESS THAN ANNUAL MEETINGS OF THE TRUSTEES WILL BE HELD. (D)THE BURSARY SUPPORT WILL BE PROVIDED AT THE DISCRETION OF THE TRUSTEES FROM THE INCOME TO AND CAPITAL OF THE FUND WITH ANY EXCESS REVENUE BEYOND THAT REQUIRED IN GRANT SUPPORT MADE AVAILABLE TO SUPPORT THE COST TO THE CATHEDRAL AND COLLEGE OF MAINTAINING ONE (OR MORE) CHORISTER(S) AND QUIRISTER(S)
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £1,231,233, which the Trustees consider sufficient to cover the charity's immediate needs. The charity reported a net movement in funds of a loss of £44,178, primarily driven by a £36,624 unrealised loss on investment assets. Despite the investment loss, the Trustees confirm the charity is a going concern with adequate assets to meet obligations for at least twelve months.
What the accounts disclose
“The Trustees retain a level of reserves which is sufficient to cover the Chatity's immediate needs.” — page 4
“During the year, the Trust granted bursaties totalling £40,721 (2024: £10,674) to pupils of The Pilgrims’ School and settled £12,298 of Bursaries for the following yeat which ate listed as prepayments. The Directot of Finance & Resources and Headmaster of The Pilgrims’ School, and the Dean of Winchester Cathedral ate ex officio Trustees of the Trust. At the yeat-end a balance of {nil (2024: {nil) was due to the School.” — page 13
Policies the charity declares
- Complaints handling
- Conflicting interests
- Internal charity financial controls policy and procedures
- Investment
- Risk management
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
Trustees
- JONATHAN HENRY MILTON
- Rupert Bentley
- TIMOTHY BUTCHER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £33k | £41k |
| 31/08/2024 | £33k | £12k |
| 31/08/2023 | £32k | £14k |
| 31/08/2022 | £32k | £37k |
| 31/08/2021 | £31k | £44k |
Common questions
Is THE RAYMOND FREKE AWARD FUND financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £1,231,233, which the Trustees consider sufficient to cover the charity's immediate needs. The charity reported a net movement in funds of a loss of £44,178, primarily driven by a £36,624 unrealised loss on investment assets. Despite the investment loss, the Trustees confirm the charity is a going concern with adequate assets to meet obligations for at least twelve months. Its FY2025 accounts were independently examined.