THE CLITHEROE ROYAL GRAMMAR SCHOOL FOUNDATION

Registered charity 1174177 · accounts filings on the Charity Commission register

Latest income
£209k
Latest spending
£230k
Registered
2017
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that total funds decreased from £6,015,265 to £5,982,379 due to a net expenditure of £451,942, primarily driven by investment losses. The charity maintains unrestricted reserves of £602,403, which the trustees consider sufficient to cover management costs and respond to grant applications. The going concern basis was adopted with no material uncertainties identified.

What the accounts disclose

Reserves policy: between half and one year's annual expenditure taken as an average of the previous three years (held: £602k)
it is the policy of the Trustees to maintain year-end total balances in the Foundation's bank accounts at a level that is between half and one year's annual expenditure taken as an average of the previous three years. — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Governance: RVBC no longer nominating trustees
RVBC have informed the Trustees, that as a result of a change in policy, they are no longer nominating trustees for types of organisations like the Foundation. — page 4
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Lancashire

Income and spending

Financial year endIncomeSpending
31/08/2025£209k£230k
31/08/2024£203k£133k
31/08/2023£181k£152k
31/08/2022£175k£166k
31/08/2021£163k£365k

Common questions

Is THE CLITHEROE ROYAL GRAMMAR SCHOOL FOUNDATION financially healthy?

The accounts state that total funds decreased from £6,015,265 to £5,982,379 due to a net expenditure of £451,942, primarily driven by investment losses. The charity maintains unrestricted reserves of £602,403, which the trustees consider sufficient to cover management costs and respond to grant applications. The going concern basis was adopted with no material uncertainties identified. Its FY2023 accounts were independently examined.

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