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WILLIAM JONES'S SCHOOLS FOUNDATION

Registered charity 525616 · accounts filings on the Charity Commission register · also known as JONES FOUNDATION

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Latest income
£21.1m
Latest spending
£27.9m
Registered
1987
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the Foundation holds substantial total reserves of £133,864,000, primarily within a permanent endowment fund, while the Schools themselves maintain no unrestricted general fund reserve. Per the trustees' report, the Schools incurred an operating loss of £4,102,000 due to declining pupil numbers and sector-wide economic pressures, but the Foundation's investment portfolio provides adequate resources to support the Schools through this period of transformation.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“The Trustees consider the level of unapplied total return in the endowment fund to be sufficient to cover unexpected short-term needs for which a reserve might otherwise be maintained. Therefore, the Trustees are content for the Schools to maintain no unrestricted general fund reserve” — page 16
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Haberdashers’ Company and its subsidiary were reimbursed for certain expenses incurred in the year on behalf of the Foundation.
“The Haberdashers’ Company and its subsidiary were reimbursed for certain expenses incurred in the year on behalf of the Foundation. Further details are set out in note 4.” — page 44
“In the year, the Foundation received £61,000 of grant funding from the Haberdashers’ Educational Foundation, primarily to support bursaries (2023: £47,000).” — page 44
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Foundation received grant funding from the Haberdashers’ Educational Foundation.
“The Haberdashers’ Company and its subsidiary were reimbursed for certain expenses incurred in the year on behalf of the Foundation. Further details are set out in note 4.” — page 44
“In the year, the Foundation received £61,000 of grant funding from the Haberdashers’ Educational Foundation, primarily to support bursaries (2023: £47,000).” — page 44
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Foundation reimbursed HMSEL for costs and payments incurred on its behalf.
“The Haberdashers’ Company and its subsidiary were reimbursed for certain expenses incurred in the year on behalf of the Foundation. Further details are set out in note 4.” — page 44
“In the year, the Foundation received £61,000 of grant funding from the Haberdashers’ Educational Foundation, primarily to support bursaries (2023: £47,000).” — page 44
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: HMSEL reimbursed the Foundation for costs and payments incurred on its behalf.
“The Haberdashers’ Company and its subsidiary were reimbursed for certain expenses incurred in the year on behalf of the Foundation. Further details are set out in note 4.” — page 44
“In the year, the Foundation received £61,000 of grant funding from the Haberdashers’ Educational Foundation, primarily to support bursaries (2023: £47,000).” — page 44
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Foundation’s endowment funds are invested in the Haberdashers’ Total Return Pool, a common investment fund with the Haberdashers’ Company as Trustee.
“The Haberdashers’ Company and its subsidiary were reimbursed for certain expenses incurred in the year on behalf of the Foundation. Further details are set out in note 4.” — page 44
“In the year, the Foundation received £61,000 of grant funding from the Haberdashers’ Educational Foundation, primarily to support bursaries (2023: £47,000).” — page 44
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Haberdashers’ Monmouth School Enterprises Limited
“The Foundation owns the whole beneficial interest in the share capital of a non-charitable trading subsidiary, Haberdashers’ Monmouth School Enterprises Limited (“HMSEL”)” — page 45
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Saffery LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2025)

Total income
£21.1m
Total spending
£27.9m
Cost of raising funds
£1.6m
Reserves (reported)
£2.2m
Employees
445

Reported reserves equal ~1.0 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Monmouthshire

Income and spending

Financial year endIncomeSpending
31/08/2025£21.1m£27.9m
31/08/2024£23.6m£29.1m
31/08/2023£23.2m£28.9m
31/08/2022£22.9m£25.9m
31/08/2021£20.6m£24.6m

Common questions

Is WILLIAM JONES'S SCHOOLS FOUNDATION financially healthy?

The accounts state that the Foundation holds substantial total reserves of £133,864,000, primarily within a permanent endowment fund, while the Schools themselves maintain no unrestricted general fund reserve. Per the trustees' report, the Schools incurred an operating loss of £4,102,000 due to declining pupil numbers and sector-wide economic pressures, but the Foundation's investment portfolio provides adequate resources to support the Schools through this period of transformation. Its FY2024 accounts were audited by Saffery LLP.