The Foundation Charity of Bishop Vesey's Grammar School
Latest income
£5.7m
Latest spending
£3.3m
Registered
1986
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity held free reserves of £355,615, which is in excess of its stated policy target of £50,000. The charity reported a net income of £2,370,531 for the year, driven largely by significant donations and the use of permanent endowment funds for the Learning Resource Centre project. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
Reserves policy: £50,000 (held: £356k)
“The current Reserves Policy requires a minimum of £50,000 of unrestricted funds (from Investment income and fromInspiration and Excellence Funds) to be held as contingency in reserve.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Foundation Charity is established to support the Academy known as Bishop Vesey's Grammar School, a company limited by guarantee, registration number 7986921.
“The Foundation Charity is established to support the Academy known as Bishop Vesey's Grammar School, a company limited by guarantee, registration number 7986921. The objects and activities of the Foundation Charity are aligned with the objects and activities of the Academy which are: To advance for the public benefit education in the United Kingdom, by establishing, maintaining, carrying on, managing and developing a school offering a broad and balanced curriculum.” — page 8
“In addition to the above, income of £4,863,996 (2024 £963,059) included in Donations, has been included in these financial statements. This relates to the School's expenditure on the construction of the Learning Resource Centre. Whilst the School has contracted to undertake the construction, the Foundation Charity of Bishop Vesey's Grammar School charity hold the legal title and control the land and buildings used by the school.” — page 22
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donations to the Academy for LRC construction
“The Foundation Charity is established to support the Academy known as Bishop Vesey's Grammar School, a company limited by guarantee, registration number 7986921. The objects and activities of the Foundation Charity are aligned with the objects and activities of the Academy which are: To advance for the public benefit education in the United Kingdom, by establishing, maintaining, carrying on, managing and developing a school offering a broad and balanced curriculum.” — page 8
“In addition to the above, income of £4,863,996 (2024 £963,059) included in Donations, has been included in these financial statements. This relates to the School's expenditure on the construction of the Learning Resource Centre. Whilst the School has contracted to undertake the construction, the Foundation Charity of Bishop Vesey's Grammar School charity hold the legal title and control the land and buildings used by the school.” — page 22
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Accrued expenses due to Academy
“The Foundation Charity is established to support the Academy known as Bishop Vesey's Grammar School, a company limited by guarantee, registration number 7986921. The objects and activities of the Foundation Charity are aligned with the objects and activities of the Academy which are: To advance for the public benefit education in the United Kingdom, by establishing, maintaining, carrying on, managing and developing a school offering a broad and balanced curriculum.” — page 8
“In addition to the above, income of £4,863,996 (2024 £963,059) included in Donations, has been included in these financial statements. This relates to the School's expenditure on the construction of the Learning Resource Centre. Whilst the School has contracted to undertake the construction, the Foundation Charity of Bishop Vesey's Grammar School charity hold the legal title and control the land and buildings used by the school.” — page 22
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/08/2025)
Total income
£5.7m
Total spending
£3.3m
Reserves (reported)
£356k
Employees
0
Register events
- Received assets from another charity (15/11/2013)
Trustees
- DEAN JAMES CARTERchair
- Christopher Moore
- DOMINIC GERARD ROBSON
- Joanna Louise Davis
- Mark Maybury
- Paul Franks
- Paul Sherriff
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £5.7m | £3.3m |
| 31/08/2024 | £1.6m | £245k |
| 31/08/2023 | £264k | £255k |
| 31/08/2022 | £201k | £512k |
| 31/08/2021 | £644k | £329k |
Common questions
Is The Foundation Charity of Bishop Vesey's Grammar School financially healthy?
The accounts state that the charity held free reserves of £355,615, which is in excess of its stated policy target of £50,000. The charity reported a net income of £2,370,531 for the year, driven largely by significant donations and the use of permanent endowment funds for the Learning Resource Centre project. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Harwoods.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BARTLETT FOUNDATION | 1 | £31k |
| The Keith Howard Foundation | 1 | £30k |
| THE CHARIS TRUST | 1 | £426 |