Newcomen Collett Educational Foundation
Grants to support educational activities for young people (under the age of 25) resident in the London Borough of Southwark.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a deficit of £39,521 on its activities, resulting in a net movement in funds of £124,157 after investment gains. Per the trustees' report, free reserves stood at £245,140, which is above the stated policy target of £90,000, and the trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“free reserves should be less than twelve months’ overhead expenditure” — page 7
“Grant made to the Cathedral School of St Saviour & St Mary Overie for £2,000, where Janet Simpson is the Chair of Governors and Canon Michael Rawson is the Vice Chair of Governors.” — page 19
Register events
- Received assets from another charity (13/07/2021)
- Received assets from another charity (19/11/2014)
- Received assets from another charity (06/11/2014)
Trustees
- Timothy James McNallychair
- Alexander Leiffheidt
- Janet Simpson
- Lucinda Janet McLeod Harris
- REVD MICHAEL GRAEME RAWSON
- ROBERT VICTOR ASHDOWN
- Rachel Helen Thompson
- Robin Lovell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £210k | £257k |
| 31/08/2024 | £202k | £224k |
| 31/08/2023 | £171k | £203k |
| 31/08/2022 | £138k | £160k |
| 30/09/2021 | £91k | £189k |
Common questions
Is Newcomen Collett Educational Foundation financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a deficit of £39,521 on its activities, resulting in a net movement in funds of £124,157 after investment gains. Per the trustees' report, free reserves stood at £245,140, which is above the stated policy target of £90,000, and the trustees confirmed there are 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 |
|---|---|---|
| CITY EDUCATIONAL TRUST FUND | 1 | £3.6m |
Charities like this
- NEWHAM FOUNDATION
- SIR WILLIAM BOREMAN'S FOUNDATION
- ALDERMAN NEWTON'S EDUCATIONAL FOUNDATION
- THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION
- A NEW DIRECTION LONDON LIMITED
- THE SIR JOHN SEDLEY EDUCATIONAL FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Newcomen Collett Educational Foundation | £210k | — | 0 | above | — | no doubt |
| NEWHAM FOUNDATION | £305k | — | 0 | below | — | no doubt |
| SIR WILLIAM BOREMAN'S FOUNDATION | £157k | — | 0 | above | — | no doubt |
| ALDERMAN NEWTON'S EDUCATIONAL FOUNDATION | £197k | — | 0 | unclear | — | no doubt |
| THE TOTTENHAM GRAMMAR SCHOOL FOUNDATION | £514k | — | 0 | unclear | — | no doubt |
| A NEW DIRECTION LONDON LIMITED | £2.7m | over £70,000 | 2 | unclear | — | no doubt |