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, and registered with the Charity Commission, no. 270943. 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
Until its final 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. In the last few years these came 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 in 2017/18 were somewhat lower than usual due to conditions applied to 2 awards not being met by its year-end.
The last full-year accounts, to 30 June 2018, showed income, all from investments, of £33,908, and 8 grants totalling £24,000 payable to 6 organisations (before deducting certain amounts previously awarded but voluntarily refunded in 2017/18). Funds at 30 June 2018 totalled £994,551, predominantly held on deposit awaiting distribution to beneficiary charities prior to the charity winding up.
All funds were expended, predominantly as grants to selected organisations, in the charity’s final period, to 7 December 2018.
The paragraph above summarises some key points of the charity’s financial results and position from its latest published annual accounts, and does not contain sufficient information to allow a full understanding of the charity’s financial affairs. It is not audited or independently examined. The Trustees’ report and accounts for the charity’s final period are currently undergoing independent examination