THE WREXHAM (PAROCHIAL) EDUCATIONAL FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that total funds increased to £15,874,683, with unrestricted reserves standing at £1,830,102. The trustees report that free reserves of approximately £258,000 are sufficient to cover working capital and outstanding grant claims. The charity generated a net income of £268,352 for the year, driven by significant investment gains.
What the accounts disclose
“The trustees consider that, given the nature of their work, this should be approximately £63,000 which gives flexibility to cover temporary timing differences for grant claims, adequate working capital for core costs and allows for unforeseen situations where immediate funds are required.” — page 5
“During the year, loans totalling £4,000 granted to The Educational Foundation of Dame Dorothy Jeffreys and Wrexham and District Relief in Need were partially repaid. The balance of £1,000 is shown in Debtors. The Trustees of The Wrexham (Parochial) Educational Foundation are also the Trustees of Wrexham and District Relief in Need.” — page 25
Trustees
- CAROL ANN DOUGLAS-JONES
- GARY ASHWORTH BROWN
- JANET MARY CANNON
- PHILLIP RAYMOND WYNN
- Rev Dylan Caradog Parry Jones
- Rev HELEN BARNES
- Rev MARCUS GWYNNE PIPE
- Rev ROBERT JAMES TOUT
- SUSAN MARIE WILLIAMS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £428k | £489k |
| 31/12/2023 | £443k | £603k |
| 31/12/2022 | £437k | £486k |
| 31/12/2021 | £468k | £510k |
| 31/12/2020 | £380k | £473k |
Common questions
Is THE WREXHAM (PAROCHIAL) EDUCATIONAL FOUNDATION financially healthy?
The accounts state that total funds increased to £15,874,683, with unrestricted reserves standing at £1,830,102. The trustees report that free reserves of approximately £258,000 are sufficient to cover working capital and outstanding grant claims. The charity generated a net income of £268,352 for the year, driven by significant investment gains. Its FY2023 accounts were audited by M. D. Coxey and Co. Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £2.2m |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £674k |
| KUSUMA TRUST UK | 1 | £77k |
| CORAM LIFE EDUCATION | 1 | £22k |
| COLEFAX CHARITABLE TRUST | 1 | £2k |
| THE NORTH WALES POLICE AND COMMUNITY TRUST | 1 | £250 |