FARMER EDUCATIONAL FOUNDATION
providing for any school in Holbeach or serving Holbeach special benefits not provided by the LEA and promoting the education of persons resident in the parish
Objects
1) IN PROVIDING FOR ANY SCHOOL, ACADEMY OR OTHER PUBLICLY FUNDED EDUCATIONAL ESTABLISHMENT IN THE PARISH OF HOLBEACH OR SERVING THE SAME SUCH FINANCIAL ASSISTANCE AS THE GOVERNORS FEEL ABLE TO PROVIDE TOWARDS PROJECTS OR SCHEMES WHICH THE GOVERNORS CONSIDER WOULD BE FOR THE BENEFIT OF PUPILS WHO ARE RESIDENT IN THE SAID PARISH.2) IN PROMOTING IN SUCH OTHER WAYS AS THE GOVERNORS SHALL THINK FIT THE EDUCATION OF PERSONS WHO ARE RESIDENT IN THE SAID PARISH.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £105,446, which is above the trustees' stated target range of £10,000 to £15,000. The charity holds significant investment assets valued at £398,867 and property assets valued at £763,000, indicating a strong asset base. The independent examiner confirmed that no material matters came to their attention that would cause them to believe the accounts were not prepared in accordance with the Act.
What the accounts disclose
“The aim of Governors is to maintain a reserve of £10,000 to £15,000.” — page 5
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Trustee conflicts of interest policy and procedures
Trustees
- ISOBEL HUTCHINSONchair
- Christopher John Penney
- Donna Marie Allen
- JENNY WORTH
- Mary Dack
- Sophie Hutchinson
- Stewart Allan Cuthbertson
- Susan Paula Boor
- Thomas Edmund Sneath
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £51k | £52k |
| 31/03/2024 | £58k | £47k |
| 31/03/2023 | £19k | £39k |
| 31/03/2022 | £29k | £40k |
| 31/03/2021 | £38k | £31k |
Common questions
Is FARMER EDUCATIONAL FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £105,446, which is above the trustees' stated target range of £10,000 to £15,000. The charity holds significant investment assets valued at £398,867 and property assets valued at £763,000, indicating a strong asset base. The independent examiner confirmed that no material matters came to their attention that would cause them to believe the accounts were not prepared in accordance with the Act. Its FY2025 accounts were independently examined.