Newcomen Collett Educational Foundation
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?
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.