What we did
The objects of the charity were to further the education of children and young people with special needs. It did this by making grants to selected charitable schools and other registered charities in Hampshire, the Isle of Wight, Kent, Surrey and Sussex.
The charity was constituted as a company limited by guarantee, registered in England and Wales, no. 1238771 (dissolved 26 March 2019), and registered with the Charity Commission, no. 270943 (deregistered 1 April 2019). It was governed under a Memorandum and Articles of Association originated on 18 September 1975 and last amended in February 2016.
The charity was governed in its final years by five to seven trustees, who formed the Council of Management. They also acted as company directors.
The charity employed a part-time secretary, its only paid post, to support the trustees and carry out day to day administration.
Finance and accounts
In its last few years, the trustees aimed to make grants at a level such that the charity broke even on its income and expenditure, taking one year with another. These latterly amounted to around £30,000 annually. It made an exceptionally high level (£54,033) and number (23) of awards in the year ended 30 June 2017, due to overlapping awards policies, while those to 30 June 2018, its last full year, were somewhat lower than usual due to conditions applied to 2 awards not being met by its year-end. Buoyed by investment gains of some £390,000 since 2009, the charity’s funds at 30 June 2018 totalled £994,551, by then predominantly held on deposit awaiting distribution as grants prior to the charity winding up.
All funds were expended, predominantly as grants (£991,857) to 22 selected organisations, in the charity’s final accounting period, to 7 December 2018. Final closure took place on 1 April 2019.