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KING'S EDUCATIONAL FOUNDATION

Registered charity 810177 · accounts filings on the Charity Commission register · also known as JOSEPH KING TRUST, JOSEPH KING'S CHARITY

The Joseph King Trust provides support for under 25's living within the parish of Chipping Ongar & Shelley to undertake either further education or other educational activities outside the scope of normal mainstream education. The trust also considers applications from educational establishments within the area for funding for specific projects.

Causes: Education/training · Get email alerts

Latest income
£82k
Latest spending
£78k
Registered
1963
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported an excess of income over expenditure of £3,356 for the year ended 31 December 2024, with total net assets standing at £3,422,095.49. The trustees note that the charity is dependent on rental income from its property portfolio, which has improved with all properties now let, although significant maintenance costs were incurred during the year.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Rental income (82% of income)
“Income from property: Rental income including insurances & service charges 66,910.37”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: substantial reserves to make allowance for any unforeseen but necessary repairs and other costs relating to the upkeep of the properties... and secondly to enable it to continue making grants even in years when income plummets due to voids (held: £3.4m)
“In addition, it retains substantial reserves firstly to make allowance for any unforeseen but necessary repairs and other costs relating to the upkeep of the properties from which the Trust derives its income, and secondly to enable it to continue making grants even in years when income plummets due to voids” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Rob Delaney, a trustee, stood down to offer services of his property management company at cost. The charity uses Delaney’s Property Management as its Commercial Property Agents.
“Rob Delaney having been appointed on 4 June 2024 but stood down within two or three weeks as it was recognised that he could make a better contribution to the charity by offering the services of his property management company at cost.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

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

Operates in: Essex

Income and spending

Financial year endIncomeSpending
31/12/2024£82k£78k
31/12/2023£63k£96k
31/12/2022£55k£57k
31/12/2021£59k£56k
31/12/2020£52k£51k

Common questions

Is KING'S EDUCATIONAL FOUNDATION financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported an excess of income over expenditure of £3,356 for the year ended 31 December 2024, with total net assets standing at £3,422,095.49. The trustees note that the charity is dependent on rental income from its property portfolio, which has improved with all properties now let, although significant maintenance costs were incurred during the year. Its FY2024 accounts were independently examined.