KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net negative movement in funds of £92,007 for the year ended 31 August 2023, primarily due to investment revaluations. The trustees maintain unrestricted reserves at a level equivalent to three to six months of expenditure, which they consider sufficient to continue charitable activities. The independent auditor confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“It is the policy of the Charity that unrestricted funds which have not been designated for a speciTic use should be maintained at a level equivalent to between three and six month's expenditure.”
Register events
- Received assets from another charity (20/08/2015)
Trustees
- DAVID JOHN BURROWSchair
- JOHN KEVIN HODT
- JONATHAN BEVERLEY WILDING
- Kenneth John Wright
- Richard Patrick Colligan
- Robin Peter Morrison
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £273k | £120k |
| 31/08/2024 | £228k | £144k |
| 31/08/2023 | £227k | £196k |
| 31/08/2022 | £247k | £174k |
| 31/08/2021 | £225k | £122k |
Common questions
Is KING EDWARD VI COLLEGE, STOURBRIDGE CHARITY financially healthy?
The accounts state that the charity reported a net negative movement in funds of £92,007 for the year ended 31 August 2023, primarily due to investment revaluations. The trustees maintain unrestricted reserves at a level equivalent to three to six months of expenditure, which they consider sufficient to continue charitable activities. The independent auditor confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by CK Audit.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE TOMLINSON FAMILY CHARITABLE TRUST | 1 | £225k |
| MATER ECCLESIAE CIO | 1 | £50k |
| The Brindle Foundation | 1 | £14k |
| DAVID FORBES-NIXON FAMILY CHARITABLE FOUNDATION | 1 | £9k |