NORTHAMPTON OLD GRAMMAR SCHOOL FOUNDATION
The objects of the charity are:-pay a yearly sum to the Borough Council and the County Council to be applied towards the maintenance of the school. The residue of net yearly income of the Foundation is used for:-The provision of items, services and facilities for the school; and Promoting the education of beneficiaries by the award of prizes, scholarships, bursaries or maintenance allowances.
Objects
"THE SCHOOL" MEANS NORTHAMPTON SCHOOL FOR BOYS."BENEFICIARIES" MEANS PERSONS NOT EXCEEDING THE AGE OF 25 WHO ARE ABOUT TO ATTEND, ARE ATTENDING OR HAVE AT ANY TIME FOR NOT LESS THAN TWO YEARS, ATTENDED THE SCHOOL, AND WHO, IN THE OPINION OF THE TRUSTEES, ARE IN NEED OF FINANCIAL ASSISTANCE.THE OBJECT OF THE CHARITY IS THE ADVANCEMENT OF EDUCATION BY: (1) THE PROVISION OF ITEMS, SERVICES AND FACILITIES FOR THE SCHOOL; AND(2) PROMOTING THE EDUCATION OF BENEFICIARIES BY THE AWARD OF PRIZES, SCHOLARSHIPS, BURSARIES OR MAINTENANCE ALLOWANCES.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of expenditure over income of £105,016 for the year, driven by increased grants paid and clerk fees. Per the trustees' report, unrestricted free reserves are held at £566,719, which is below the stated policy target of approximately six months of estimated unrestricted expenditure. The charity maintains significant endowment and restricted funds, with total net assets of £13,943,472.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds that are the free reserves of the charity at a level that equates to not less than approximately 6 months estimated unrestricted expenditure inclusive of annual loan repayments to capital.” — page 6
Policies the charity declares
- Complaints handling
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Structured financials (annual return, FY ending 31/03/2022)
Trustees
- GEOFFREY THOMAS MOSSchair
- ANDREW COCKERILL
- Alan Hakes
- Joseph Anthony Lavelle
- Oliver Harris
- PAUL MAYNARD
- Richard Bernard
- Tom Bason
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £395k | £500k |
| 31/03/2024 | £402k | £413k |
| 31/03/2023 | £382k | £858k |
| 31/03/2022 | £674k | £411k |
| 31/03/2021 | £349k | £350k |
Common questions
Is NORTHAMPTON OLD GRAMMAR SCHOOL FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a surplus of expenditure over income of £105,016 for the year, driven by increased grants paid and clerk fees. Per the trustees' report, unrestricted free reserves are held at £566,719, which is below the stated policy target of approximately six months of estimated unrestricted expenditure. The charity maintains significant endowment and restricted funds, with total net assets of £13,943,472. Its FY2025 accounts were audited by Hawsons Chartered Accountants.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FINNIS SCOTT FOUNDATION | 1 | £2k |
Charities like this
- THE GREAT YARMOUTH GRAMMAR SCHOOL FOUNDATION
- THE JOHN HAMPDEN GRAMMAR SCHOOL FUND
- Ormskirk School Foundation Trust
- STRATFORD UPON AVON GIRLS GRAMMAR SCHOOL FUND
- STOCKPORT GRAMMAR SCHOOL
- ENFIELD GRAMMAR SCHOOL
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NORTHAMPTON OLD GRAMMAR SCHOOL FOUNDATION | £395k | — | 0 | unclear | — | no doubt |
| THE GREAT YARMOUTH GRAMMAR SCHOOL FOUNDATION | £36k | — | 0 | unclear | — | no doubt |
| THE JOHN HAMPDEN GRAMMAR SCHOOL FUND | £48k | — | 0 | unclear | — | no doubt |
| Ormskirk School Foundation Trust | £38k | — | 0 | unclear | — | no doubt |
| STRATFORD UPON AVON GIRLS GRAMMAR SCHOOL FUND | £52k | — | 0 | unclear | — | no doubt |
| STOCKPORT GRAMMAR SCHOOL | £22.9m | £130,001 - £140,000 | — | unclear | — | no doubt |