PHILOLOGICAL FOUNDATION
Gives grants to schools within the City of Westminster and the London Borough of Camden and to pupils in or from those schools seeking further or higher education but not beyond the age of 25 years.
Objects
(A) TO AWARD GRANTS, BURSARIES, MAINTENANCE ALLOWANCES, AND OTHER FINANCIAL BENEFITS TO HELP CHILDREN AND YOUNG MEN AND WOMEN WHO ARE OR HAVE BEEN PUPILS AT ANY SCHOOLS PROVIDING SECONDARY EDUCATION IN THE CITY OF WESTMINSTER OR THE LONDN BOROUGH OF CAMDEN AND WHO ARE IN NEED OF FINANCIAL ASSISTANCE WITH PARTICULAR REGARD TO THE NEEDS OF FORMER PUPILS OF THE ST. MARYLEBONE GRAMMER SCHOOL AND OTHER BOYS AND YOUNG MEN WHO ARE QUALIFIED AS AFORESAID. (B) IN PROVIDING OR ASSISTING IN THE PROVISION OF SPECIAL BENFITS, INCLUDING FACILITIES FOR RECREATION AND OTHER LEISURE TIME OCCUPATION, AS SCHOOLS IN THE CITY OF WESTMINSTER AND THE LONDON BOROUGH OF CAMDEN WHICH ARE COUNTY OR VOLUNTARY OR GRANT MAINTAINED SCHOOLS WITHIN THE MEANING OF THE EDUCATION ACTS 1944 TO 1981 AND IN OTHERWISE PROMOTING THE EDUCATION. TRUSTEES IN APPLYING INCOME UNDER THIS HEAD SHALL CONSULT WITH THE INNER LONDON EDUCATION AUTHORITY AND THE GOVERNING BODIES OF THE SCHOOLS TO BE BENEFITED, AND SHALL PAY PARTICULAR REGARD TO THE NEEDS OF SCHOOLS IN THE AREA OF THE FORMER BOROUGH OF ST. MARYLEBONE. (C) IN GIVING EDUCATIONAL PRIZES OR AWARDS TO PUPILS AT SCHOOLS REFERRED TO IN SECTION (B): PROVIDED THAT ANY SINGLE PRIZE OR AWARD SHALL BE LIMITED TO THE OF ú50 IN CASH OR KIND VALUED AS THE THE 1ST JANUARY 1989, SUCH AMOUNT TO BE INCREASED IN THE SAME RATIO THAT THE RETAIL PRICES INDEX AT THE BEGINING OF EACH YEAR BEARS TO THE RETAIL PRICES INDEX AS AT THE 1ST JANUARY 1989; PROVIDED FURTHER THAT THE TOTAL AMOUNT IN ANY YEAR ON SUCH PRIZES OR AWARDS SHALL NOT EXCEED 5 PERCENT. OF THE INCOME OF THE CHARITY FOR THE PREVIOUS ACCOUNTING YEAR OF THE CHARITY. (D) IN PROVIDING FINANCIAL ASSISTANCE, OUTFITS, CLOTHING, TOOLS, INSTRUMENTS OR BOOKS TO ASSIST CHILDREN AND YOUNG PERSONS QUALIFIED UNDER SECTION (A) OF THE SUB-CLAUSE TO PREPARE FOR OR ENTER A PROFESSION TRADE, OCCUPATION OR SERVICE ON LEAVING SCHOOL, UNIVERSITY OR OTHER EDUCATIONAL ESTABLISHMENT.
Financial health, per its FY2025 accounts
The accounts state that the charity holds total unrestricted and restricted funds of £1,585,546, with unrestricted reserves at £1,276,827. The trustees confirm that the current level of free reserves is adequate for the foreseen requirements of the charity. The filing notes no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Policies the charity declares
- Complaints handling
- 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
- Paying staff
- Risk management
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2023
- Grant-making is its main activity
Trustees
- Ali Ibrahim
- Brian Gedalla
- CAROLYN KEEN
- CLIO WHITTAKER
- James Fox
- Jemima Mary Bourn
- Rizk Saade
- Sophie Grace McKenzie Gordon
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £59k | £51k |
| 31/03/2024 | £419k | £57k |
| 31/03/2023 | £34k | £68k |
| 31/03/2022 | £15k | £60k |
| 31/03/2021 | £104k | £32k |
Common questions
Is PHILOLOGICAL FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds total unrestricted and restricted funds of £1,585,546, with unrestricted reserves at £1,276,827. The trustees confirm that the current level of free reserves is adequate for the foreseen requirements of the charity. The filing notes no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FAVERSHAM MUNICIPAL CHARITIES 2010 | 1 | £2k |
Charities like this
- ST MARYLEBONE EDUCATIONAL FOUNDATION
- WELLINGTON MANAGEMENT UK FOUNDATION
- ST MARYLEBONE EDUCATIONAL FOUNDATION
- THETFORD EDUCATIONAL FOUNDATION TRUST
- SIR WILLIAM BOREMAN'S FOUNDATION
- THE ROWLAND EDUCATIONAL FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| PHILOLOGICAL FOUNDATION | £59k | — | 0 | above | — | no doubt |
| ST MARYLEBONE EDUCATIONAL FOUNDATION | £311k | — | 0 | unclear | — | no doubt |
| WELLINGTON MANAGEMENT UK FOUNDATION | £834k | — | 0 | unclear | — | no doubt |
| ST MARYLEBONE EDUCATIONAL FOUNDATION | £311k | — | 0 | unclear | — | no doubt |
| THETFORD EDUCATIONAL FOUNDATION TRUST | £79k | — | 0 | unclear | — | no doubt |
| SIR WILLIAM BOREMAN'S FOUNDATION | £157k | — | 0 | above | — | no doubt |