THE UNITED WESTMINSTER AND GREY COAT FOUNDATION
Object: to advance education for the public benefit. Achieved by establishing, operating & supporting schools, run in accordance with Christian principles - both state-funded & independent. Formed from five small charity schools, all founded 1594-1674 to benefit poor children in Westminster (Clothworkers' charity school, founded 1576 in Kent later added). Schools today remain in or near London.
Financial health, per its FY2025 accounts
The accounts state that the group reported a net reduction in funds of £3.4m for the year, primarily driven by a £1.7m loss on the revaluation of investment property and a £3.1m expense related to an increase in the pension deficit. Despite these charges, the group maintained a strong net asset position of £142.76m, with the Trustees confirming adequate resources to continue as a going concern.
What the accounts disclose
“Charitable activities 72,968”
“The review of the reserves policy has identified a free reserves target range between £1,950k- £4,000k for 2025/2026” — page 21
“bursaries amounting to £422k (2024: £332k) were paid to Emanuel School in the year. At the end of the year, the GCT had a debtor from Emanuel School of £105k.” — page 66
“The Foundation gave the school a grant of £248k and had £nil balance outstanding with the Foundation at the end of the financial year (2024: £nil).”
“bursaries amounting to £422k (2024: £332k) were paid to Emanuel School in the year. At the end of the year, the GCT had a debtor from Emanuel School of £105k.” — page 66
“The Foundation gave the school a grant of £248k and had £nil balance outstanding with the Foundation at the end of the financial year (2024: £nil).”
“bursaries amounting to £422k (2024: £332k) were paid to Emanuel School in the year. At the end of the year, the GCT had a debtor from Emanuel School of £105k.” — page 66
“The Foundation gave the school a grant of £248k and had £nil balance outstanding with the Foundation at the end of the financial year (2024: £nil).”
“The Foundation has seven wholly owned subsidiaries: Dacre Activities Limited, Emanuel International Schools Limited, Lambe Education Limited, QAS Enterprises Limited, Townright Property Management Limited, BrainCanDo and Westminster Grey Coat Property Company Limited” — page 21
Corporate structure
- Trading subsidiary: TOWNRIGHT PROPERTY MANAGEMENT LIMITED Companies House 02567216
- Trading subsidiary: QAS ENTERPRISES LIMITED Companies House 04065863
- Trading subsidiary: DACRE ACTIVITIES LIMITED Companies House 06990593
- Trading subsidiary: LAMBE EDUCATION LIMITED Companies House 10234041
- Trading subsidiary: EMANUEL INTERNATIONAL SCHOOLS LTD Companies House 10295169
- Registered company of the charity Companies House 11464504
- Equity: £14
- Turnover: £312k
- Profit before tax: £74k
- Donated/gift-aided to the charity: £74k
“The company donates its annual taxable profits, if any, under a deed of covenant to its ultimate controlling party, The United Westminster and Grey Coat Foundation (note 7). The amount payable under Gift Aid for the period to 31 August 2025 amounted to £73,836 (2024: £31,671).”
- Turnover: £689k
- Profit before tax: £457k
- Donated/gift-aided to the charity: £457k
“During the year gift aid related to the profits of the previous year of £319,265 (2024: £131,152) was paid to United and Westminster Grey Coat Foundation (note 9). An amount of £457,398 (2024: £319,265) is payable to United Westminster Grey Coat Foundation in respect of gift aided profits for this financial year.”
- Turnover: £914k
- Profit before tax: £69k
- Donated/gift-aided to the charity: £67k
- Note 6 discloses 'Amounts owed from other group subsidiaries' of £5,375 (2024: £-). Additionally, Note 7 shows an 'Amount due to The United Westminster and Grey Coat Foundation' of £67,592 (2024: £59,329).
“The amount payable under Gift Aid for the year to 31 August 2025 amounted to. £67,132 (2024: £18,720).”
- Turnover: £193k
- Profit before tax: £112k
- Donated/gift-aided to the charity: £112k
- Creditors due to parent charity: £221,219
“The amount payable under Gift Aid to The United Westminster and Grey Coat Foundation for the 14-month period ended 31 August 2025 amounted to £112,087”
- Cash balance of £13.67 held by parent UWGCF
Leadership, per the charity’s website
- Becky Rush — Group Finance Director
- Rhian Douglas — Director of Governance and Operations
- Anne Hudson — Director of Human Resources
Company officers (Companies House)
- BAYLIS-WEST, Rosemary Jane on trustee list
- GIBSON, Elizabeth Margaret not on trustee list
- BROWNING, Daniel on trustee list
- PRYKE, Simon Tony on trustee list
- SPRINGER, Richard Kevin, Reverend on trustee list
- CORBALLY, Margaret Louise on trustee list
- WELLS, William Alexander on trustee list
- MULLINS, Toby Jonathan on trustee list
- URITESCU, Adina Ioana not on trustee list
- JAIGIRDER, Markus on trustee list
- SWAINE, Dorothy Gillian on trustee list
- DOUGLAS-HOME, Tara John on trustee list
- LOWSON, Susan Mary on trustee list
- RICHARDS, Miranda Jane on trustee list
- NESBITT, John Oliver on trustee list
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/08/2025)
Register events
- Received assets from another charity (29/12/2023)
- Received assets from another charity (02/02/2022)
Trustees
- Daniel Browning
- Elizabeth Margaret Gibson MBE
- Frances Brownhill
- JOHN OLIVER NESBITT
- MIRANDA JANE RICHARDS
- Margaret Corbally
- Rev Richard Kevin Springer
- Rosemary Jane Baylis-West
- Ryan O' Grady
- Simon Pryke
- Susan Mary Lowson
- TARA JOHN DOUGLAS-HOME
- TOBY JONATHAN MULLINS
- WILLIAM ALEXANDER WELLS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £80.4m | £83.3m |
| 31/08/2024 | £79.3m | £76.5m |
| 31/08/2023 | £72.1m | £71.3m |
| 31/08/2022 | £66.9m | £66.5m |
| 31/08/2021 | £60.4m | £60.6m |
Common questions
Is THE UNITED WESTMINSTER AND GREY COAT FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the group reported a net reduction in funds of £3.4m for the year, primarily driven by a £1.7m loss on the revaluation of investment property and a £3.1m expense related to an increase in the pension deficit. Despite these charges, the group maintained a strong net asset position of £142.76m, with the Trustees confirming adequate resources to continue as a going concern. Its FY2025 accounts were audited by HaysMac LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| NATIONAL ASSISTANCE FUND | 1 | £114.4m |
| THE GRACE TRUST | 1 | £26.2m |
| CORAM LIFE EDUCATION | 1 | £2k |
Charities like this
- GRACE FOUNDATION
- THE WESTMINSTER FOUNDATION
- THE ST GABRIEL SCHOOLS FOUNDATION
- WESTMINSTER FUND
- OneSchool Global UK
- THE CENTRAL FOUNDATION SCHOOLS OF LONDON
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE UNITED WESTMINSTER AND GREY COAT FOUNDATION | £80.4m | — | — | unclear | — | no doubt |
| GRACE FOUNDATION | £1.7m | over £60,000 | 2 | unclear | — | noted |
| THE WESTMINSTER FOUNDATION | £5.0m | — | — | unclear | — | no doubt |
| THE ST GABRIEL SCHOOLS FOUNDATION | £9.0m | — | — | below | — | not going concern |
| WESTMINSTER FUND | £23.8m | — | 0 | unclear | — | no doubt |
| OneSchool Global UK | £55.5m | — | — | below | — | no doubt |