THE F E CLEARY SCHOOLS FUND
The furtherance of education and in particular the furtherance and assistance of Dame Alice Owen's School.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £2,454,659, supported by a significant investment gain of £161,985. The charity generated £53,074 in investment income with no donations received, while total expenditure on grants and administration amounted to £68,194. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“It is the aim of the Trustees to distribute the net current income over the following year to beneficiaries and that the distribution should be at least 2.5% of the capital value of unrestricted funds at the year end.”
Trustees
- COMMODORE NICOLAS HENRY CHARLES TINDAL RN
- Christopher Francis Coulbeck
- Gary Kenneth Haigh
- Gill Keating
- Iain Duncan Francis Smedley
- MILES ANTHONY JENNER
- Mr R Ewan Harries
- Stephen Patrick Spencer-Jones
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £53k | £68k |
| 31/12/2023 | £54k | £81k |
| 31/12/2022 | £49k | £51k |
| 31/12/2021 | £49k | £40k |
| 31/12/2020 | £40k | £57k |
Common questions
Is THE F E CLEARY SCHOOLS FUND financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves increased to £2,454,659, supported by a significant investment gain of £161,985. The charity generated £53,074 in investment income with no donations received, while total expenditure on grants and administration amounted to £68,194. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.