THE GREAT YARMOUTH GRAMMAR SCHOOL FOUNDATION
EDUCATION/TRAINING.The Foundation investment Income is used to finance projects by participating schools and making grants available to students within these schools.
Objects
THE GOVERNORS SHALL APPLY THE INCOME OF THE CHARITY IN EITHER OR BOTH OF THE FOLLOWING WAYS:(A) IN PROVIDING SUCH SPECIAL BENEFITS OF ANY KIND NOT NORMALLY PROVIDED BY THE LOCAL EDUCATION AUTHORITY OR FROM CENTRAL GOVERNMENT FUNDS IN ANY SECONDARY SCHOOL CONDUCTED AS A SCHOOL WITHIN THE MEANING OF THE EDUCATION ACTS (AS SET OUT IN SECTION 578 OF THE EDUCATION ACT 1996 AS AMENDED FROM TIME TO TIME) AND ANY SIXTH FORM COLLEGE WITHIN THE BOUNDARIES OF THE COUNTY BOROUGH OF GREAT YARMOUTH AS THEY STOOD IN 1974, INCLUDING THE SCHOOLS OF THE CHARITY, AS MAY FROM TIME TO TIME BE AGREED BETWEEN THE GOVERNORS AND THE BODY RESPONSIBLE FOR THE ADMINISTRATION OF THE SCHOOL CONCERNED;(B) IN PROMOTING THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF PERSONS UNDER THE AGE OF 25 YEARS WHO OR WHOSE PARENTS ARE RESIDENT IN THE SAID BOROUGH OR WHO ATTEND OR HAVE ATTENDED ANY OF THE ABOVE-MENTIONED SCHOOLS OR THE EAST NORFOLK SIXTH FORM COLLEGE, WITH A PREFERENCE FOR SUCH PERSONS WHO HAVE ATTENDED EITHER OF THE SCHOOL OF THE CHARITY, AND WHO ARE IN NEED OF FINANCIAL ASSISTANCE AND IN PARTICULAR BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING – (I) IN AWARDING SUCH PERSONS SCHOLARSHIPS, EXHIBITIONS, BURSARIES, MAINTENANCE ALLOWANCES OR GRANTS TENABLE AT ANY SCHOOL, UNIVERSITY, COLLEGE OF EDUCATION, OR OTHER INSTITUTION OF FURTHER (INCLUDING PROFESSIONAL AND TECHNICAL) EDUCATION APPROVED FOR THE PURPOSES BY THE GOVERNORS;(II) IN PROVIDING FINANCIAL ASSISTANCE, OUTFITS, CLOTHING, TOOLS, INSTRUMENTS OR BOOKS TO ASSIST SUCH PERSONS TO PURSUE THEIR EDUCATION (INCLUDING THE STUDY OF MUSIC AND OTHER ARTS), TO UNDERTAKE TRAVEL IN FURTHERANCE THEREOF, OR 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 reported a net expenditure over income of £45,436 for the year, resulting in a decrease in total unrestricted free reserves from £431,166 to £373,415. The Trustees confirm that the level of funds held and expected income are sufficient to continue as a going concern, with no material uncertainties identified.
What the accounts disclose
“The policy on reserves is that there needs to be sufficient funds generated from the investments to service the principal objectives of paying Book Prizes and annual grants to the four academies and sixth form college year on year.” — page 4
“This charity is connected with The Great Yarmouth Exhibition Foundation. The two charities have common Trustees and are administered commonly at the same registered office. There are no material transactions between the charities and the Trustees do not consider it appropriate to consolidate the results as the charities have different objectives.” — page 5
Policies the charity declares
- 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
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
Trustees
- Dr Harry Macdonald Taylorchair
- ARTHUR HOLLIS
- Carl Smith
- Dr Benjamin Peter Milner
- Flavio Vettese
- Iain Macdonald
- Jodene Barron-Alcock
- Rev Albert Cadmore
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £36k | £81k |
| 31/03/2024 | £35k | £41k |
| 31/03/2023 | £31k | £24k |
| 31/03/2022 | £28k | £18k |
| 31/03/2021 | £28k | £19k |
Common questions
Is THE GREAT YARMOUTH GRAMMAR SCHOOL FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure over income of £45,436 for the year, resulting in a decrease in total unrestricted free reserves from £431,166 to £373,415. The Trustees confirm that the level of funds held and expected income are sufficient to continue as a going concern, with no material uncertainties identified. Its FY2025 accounts were independently examined.