THE OADBY EDUCATIONAL FOUNDATION
Grants available to the churches, schools, youth movements, students under the age of 25 in full time education. Also to the poor of Oadby. All applicants must live in the Parish of Oadby in Leicestershire.
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £1,119 for the year, adding to unrestricted reserves which stood at £68,435. The charity's investments increased in value by £55,712, bringing the total investment portfolio to £2,085,890. The trustees' policy is to retain a balance equivalent to approximately one half of one year's income, which is well-covered by the current unrestricted reserves.
What the accounts disclose
“From generated funds COIF charity fund dividends Bank deposit interest”
“The policy of the trustees is to distribute the greater part of the Trust's income each year whilst retaining a balance equivalent to approximately one half of one year's income.” — page 2
Trustees
- David Michael Carterchair
- Don Smith
- GILLIAN AUSTEN
- Hafeez Katib
- Josephine Delia Watson-D'Ovidio
- Julie Ann Anderson
- Michael Anthony Thornton
- Pauline Bates
- Rev STEVE BAILEY
- Samia Zuffar Haq
- Santokh Singh Athwal
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £59k | £58k |
| 31/12/2023 | £59k | £48k |
| 31/12/2022 | £58k | £43k |
| 31/12/2021 | £55k | £46k |
| 31/12/2020 | £55k | £52k |
Common questions
Is THE OADBY EDUCATIONAL FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a surplus of £1,119 for the year, adding to unrestricted reserves which stood at £68,435. The charity's investments increased in value by £55,712, bringing the total investment portfolio to £2,085,890. The trustees' policy is to retain a balance equivalent to approximately one half of one year's income, which is well-covered by the current unrestricted reserves. Its FY2024 accounts were independently examined.