SIR WILLIAM BOREMAN'S FOUNDATION
The Foundation aims to promote the education of young people under the age of 25, supporting a broad range of educational initiatives within the London Boroughs of Greenwich and Lewisham by the award of grants to institutions and individuals, particularly those from low income or otherwise disadvantaged backgrounds.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves of £118,272 were held at year-end, which is in excess of the stated policy target of holding minimum unrestricted reserves not expected to exceed 10% of unrestricted income. The charity reported a net unrestricted outgoing resource of £4,396, reducing the unrestricted fund balance from £122,668 to £118,272, while total net assets increased to £5,486,957 due to investment gains.
What the accounts disclose
“The Trustee has considered the level of general free reserves which are appropriate for the Charity and will hold the minimum unrestricted reserve necessary to fund working capital requirements. This is not expected to exceed 10% of the Charity’s unrestricted income.”
“The Charity uses The Drapers’ Company for the provision of administration services, which are provided on a shared basis with other charities under common trusteeship of the Company.” — page 3
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £157k | £162k |
| 31/07/2024 | £153k | £122k |
| 31/07/2023 | £150k | £139k |
| 31/07/2022 | £148k | £145k |
| 31/07/2021 | £148k | £148k |
Common questions
Is SIR WILLIAM BOREMAN'S FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves of £118,272 were held at year-end, which is in excess of the stated policy target of holding minimum unrestricted reserves not expected to exceed 10% of unrestricted income. The charity reported a net unrestricted outgoing resource of £4,396, reducing the unrestricted fund balance from £122,668 to £118,272, while total net assets increased to £5,486,957 due to investment gains. Its FY2025 accounts were audited by Saffery LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CHARITY OF ALDERMAN JAMES HICKSON | 1 | £134k |
Charities like this
- THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION
- WELLINGTON MANAGEMENT UK FOUNDATION
- The London Foundation for Banking & Finance
- BECKETT'S AND SARGEANT'S EDUCATIONAL FOUNDATION
- THE SIR JOHN SEDLEY EDUCATIONAL FOUNDATION
- THE ALDGATE AND ALLHALLOWS FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SIR WILLIAM BOREMAN'S FOUNDATION | £157k | — | 0 | above | — | no doubt |
| THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION | £514k | — | 0 | unclear | — | no doubt |
| WELLINGTON MANAGEMENT UK FOUNDATION | £1000k | — | 0 | unclear | — | no doubt |
| The London Foundation for Banking & Finance | £587k | — | 0 | above | — | no doubt |
| BECKETT'S AND SARGEANT'S EDUCATIONAL FOUNDATION | £284k | — | 0 | unclear | — | no doubt |
| THE SIR JOHN SEDLEY EDUCATIONAL FOUNDATION | £221k | — | 0 | above | — | no doubt |