Wells Blue School Charity
Administration of Foundation income and assets; decisions on spending of income according to Scheme of Foundation in support of the school and its students.
Objects
THE OBJECTS OF THE CHARITY ARE, FOR THE PUBLIC BENEFIT, TO ADVANCE EDUCATION THROUGH(1) THE PROVISION OF ITEMS, SERVICES AND FACILITIES FOR THE SCHOOL; AND(2) PROMOTING THE EDUCATION OF PERSONS WHO ARE IN NEED OF FINANCIAL ASSISTANCE IN THE FOLLOWING ORDER OF PRIORITY:(A) PERSONS WHO ARE ATTENDING THE SCHOOL; AND(B) PERSONS WHO HAVE AT ANY TIME ATTENDED THE SCHOOL.IN SUCH WAYS AS THE TRUSTEES THINK FIT INCLUDING BYI. AWARDING TO SUCH PERSONS SCHOLARSHIPS, MAINTENANCE ALLOWANCES OR GRANTS TENABLE AY ANY UNIVERSITY, COLLEGE OR INSTITUTION OF FURTHER OR HIGHER EDUCATION;II. PROVIDING THEIR EDUCATION (INCLUDING THE STUDY OF MUSIC OR OTHER ARTS), TO UNDERTAKE TRAVEL IN FURTHERANCE OF THAT EDUCATION OR TO PREPARE FOR ENTRY TO ANY OCCUPATION, TRADE OR PROFESSION ON LEAVING ANY EDUCATIONAL ESTABLISHMENT.
Financial health, per its FY2024 accounts
The accounts state that the charity holds total unrestricted free reserves of £10,460, which is below its stated policy target of approximately 12 months of unrestricted expenditure. Despite this, the trustees confirm the charity is in a strong position to continue its activities and that assets are adequate to fulfil obligations.
What the accounts disclose
“It is the charity's policy to maintain unrestricted funds, which are the free reserves of the charity at a level which equates to approximately 12 months unrestricted expenditure” — page 5
“The charity awarded the Blue School £27,932 in support of projects for the year as disclosed in note 5.” — page 18
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- Alexia James
- Darrell Frost
- David Hiscox
- Dr Katrina Bradley
- Jonathan Brown
- Marisa Louise Taylor
- Mark Robert Woodlock
- Naomi Giaretta
- Paul James
- Philip Welch
- Phillip Burrows
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £98k | £33k |
| 31/12/2023 | £197k | £30k |
| 31/12/2022 | £36k | £14k |
| 31/12/2021 | £35k | £68k |
| 31/12/2020 | £27k | £30k |
Common questions
Is Wells Blue School Charity financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds total unrestricted free reserves of £10,460, which is below its stated policy target of approximately 12 months of unrestricted expenditure. Despite this, the trustees confirm the charity is in a strong position to continue its activities and that assets are adequate to fulfil obligations. Its FY2024 accounts were independently examined.