PATE'S GRAMMAR SCHOOL FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity held unrestricted, free reserves of £589,000 at the end of the reporting period, a decrease from £845,000 in the prior year. The Trustees' report notes that the charity generated an unrestricted deficit of £390,816, driven by revenue deficits at the Richard Pate School and capital expenditure. Despite the decrease in reserves, the Trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“The Trustees have determined that to protect against short or medium term fluctuations in pupil numbers and expenses, the central forecast of minimum cash and other liquid assets over the next 12 months should be at least £570k.” — page 10
“The Charitable Company received endowment income of £442,447 (2024: £418,392) from The Pate Charity which is administered by Corpus Christi College, Oxford. By virtue of this administrative role and the right the College has to appoint four Trustees, the College is a related party.” — page 41
“During the year the Charitable Company committed to a £550,000 (2024: £300,000) donation to Pate’s Grammar School for revenue and capital support during the year to 31 August 2025. Total revenue and capital support given to Pate's Grammar School during the year was £550,000 (2024: £300,000)”
“The Charitable Company received endowment income of £442,447 (2024: £418,392) from The Pate Charity which is administered by Corpus Christi College, Oxford. By virtue of this administrative role and the right the College has to appoint four Trustees, the College is a related party.” — page 41
“During the year the Charitable Company committed to a £550,000 (2024: £300,000) donation to Pate’s Grammar School for revenue and capital support during the year to 31 August 2025. Total revenue and capital support given to Pate's Grammar School during the year was £550,000 (2024: £300,000)”
“The Charitable Company received endowment income of £442,447 (2024: £418,392) from The Pate Charity which is administered by Corpus Christi College, Oxford. By virtue of this administrative role and the right the College has to appoint four Trustees, the College is a related party.” — page 41
“During the year the Charitable Company committed to a £550,000 (2024: £300,000) donation to Pate’s Grammar School for revenue and capital support during the year to 31 August 2025. Total revenue and capital support given to Pate's Grammar School during the year was £550,000 (2024: £300,000)”
Leadership, per the charity’s website
- Sam Morgan — Headteacher
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Christopher John Boulton
- Guy Bailey Bradshaw
- MARTIN CHARLES HORWOOD
- Mark David Turner
- Nicholas Scott Trueman
- Oonagh Cathleen Harrison
- Peter Joseph Udale
- Susan Jane Wade
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £4.0m | £4.4m |
| 31/08/2024 | £3.9m | £4.0m |
| 31/08/2023 | £0 | £0 |
Common questions
Is PATE'S GRAMMAR SCHOOL FOUNDATION financially healthy?
The accounts state that the charity held unrestricted, free reserves of £589,000 at the end of the reporting period, a decrease from £845,000 in the prior year. The Trustees' report notes that the charity generated an unrestricted deficit of £390,816, driven by revenue deficits at the Richard Pate School and capital expenditure. Despite the decrease in reserves, the Trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were audited by Azets Audit Services.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PARMITER'S SCHOOL FOUNDATION | 1 | £594k |