QUEEN ELIZABETH'S ENDOWED SCHOOL TRUST
Provision of items, services and facilities for Queen Elizabeth Endowed School, Mansfield.
Objects
IS THE PROVISION OF ITEMS, SERVICES AND FACILITIES FOR THE SCHOOL.2) IF AND IN SO FAR AS THE INCOME OF THE CHARITY CANNOT BE APPLIED TOWARDS THE OBJECT ABOVE IT MAY BE APPLIED IN PROMOTING THE EDUCATION OF PERSONS WHO ARE IN NEED OF FINANCIAL ASSISTANCE IN THE FOLLOWING ORDER OF PRIORITY:A) PERSONS WHO ARE ATTENDING THE SCHOOL; ANDB) PERSONS WHO HAVE AT ANY TIME ATTENDED THE SCHOOL; ANDC) PERSONS UNDER THE AGE OF 25 RESIDENT IN MANSFIELD.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £1,747,182 against total funds of £1,759,140, with the charity reporting a net expenditure of £57,589 for the year. The trustees note a dependency on continued bank support to maintain the going concern basis, citing uncertainty regarding the wider geopolitical environment and cost of living. Despite this, the trustees confirm that assets are available to fulfill obligations and the charity has adequate resources for the foreseeable future.
What the accounts disclose
“Investment income - local investment properties 34,881”
“The trustees continue to monitor the position closely however they believe that the charity can continue at its current level of activity subject to continued support from the bank and they therefore continue to adopt the going concern basis.”
“During the year the charity has entered into related party transactions with a business run by the son of J Carter, the chairman of the charity. These are for site work on the school and the total for the year was £6,870 (2024 - £4,050). There was £nil owing by the charity at 31 March 2025 (2024 - £nil). There are no additional related party transactions to disclose.” — page 21
Policies the charity declares
- Conflicting interests
- Investment
- Risk management
Register events
- Received assets from another charity (05/09/2022)
Trustees
- JOHN CARTERchair
- Brian Wheatcroft
- Cllr David Smith
- Colin Clayton
- ELAINE TWIGGER
- MARTIN LEE
- Paul Henshaw
- Terry Clay
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £57k | £131k |
| 31/03/2024 | £61k | £76k |
| 31/03/2023 | £81k | £115k |
| 31/03/2022 | £69k | £169k |
| 31/03/2021 | £52k | £185k |
Common questions
Is QUEEN ELIZABETH'S ENDOWED SCHOOL TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £1,747,182 against total funds of £1,759,140, with the charity reporting a net expenditure of £57,589 for the year. The trustees note a dependency on continued bank support to maintain the going concern basis, citing uncertainty regarding the wider geopolitical environment and cost of living. Despite this, the trustees confirm that assets are available to fulfill obligations and the charity has adequate resources for the foreseeable future. Its FY2025 accounts were independently examined.