Registered charities in England and Wales
Data for financial year ending 31 March 2019
- Read Foundation, Victoria Court, 376 Wilmslow Road, Manchester, M14 6AX
Aims & activities
READ FOUNDATION CHANGED ITS LEGAL STRUCTURE FROM A TRUST TO A CHARITABLE COMPANY, NO:1160256. HISTORICAL INFORMATION IS AVAILABLE UNDER THE PREVIOUS CHARITY NUMBER: 1114808. READ Foundation builds purpose built schools to provide quality education for poor and rural communities. It sponsors orphans & needy children to gain the skills needed to help themselves out of poverty.
What the charity does
- General charitable purposes
- The prevention or relief of poverty
Who the charity helps
- The general public/mankind
How the charity works
- Provides human resources
- Provides services
Income and Endowments:
Assets and liabilities
- £5.9K Own use assets
- £0.0K Long term investments
- £0.0K Defined benefit pension scheme asset or liability
- £1.2M Other assets
- £797.6K Total liabilities
Raises funds from the Public
Recognised by HMRC for gift aid
Charitable spending ratios
Ratios have to be put in context. They should be read in conjunction with the charity’s financial statements on which they’re based if they are to be interpreted correctly and sound conclusions drawn. For example the accounting rules affect what can be classed as income or expenditure. Where a charity which purchases land to further its objects the accounting rules do not permit including the purchase cost as charitable spending in its accounts. Instead it is ‘capitalised’ and shown on the balance sheet. Similarly a charity that receives an endowment it can’t spend may have a lower percentage of charitable spending as a proportion of income in the year of receipt as compared to the previous year as a result. Ratios may also be affected by the way a charity operates. For example, a charity which primarily generates income from investments may have lower cost of raising funds than one which employs fundraisers. A grant-making charity funding other charities to undertake an activity will have much lower staffing costs compared to a charity employing staff to perform that activity.
Charitable spending (including governance costs) as a percentage of income and endowments received by the charity in the reporting period. Does not include planned future spending.
Costs incurred in generating income as a proportion of total income and endowments received in the reporting period. May include spending to secure future funding.
The percentage of the charity’s total income retained for future use.
Accounts and trustees' annual report
independent examiner has
qualified these accounts
1.1 FOR PUBLIC BENEFIT TO PROMOTE THE EDUCATION INCLUDING SOCIAL, MORAL AND PHYSICAL TRAINING OF PEOPLE OF ANY AGE ANYWHERE IN THE WORLD IN SUCH WAYS AS THE ORGANISATION THINKS FIT INCLUDING BUT NOT LIMITED TO BY THE ESTABLISHMENT, MAINTENANCE AND ASSISTANCE OF SCHOOLS, COLLEGES AND OTHER INSTITUTIONS; 1.2 THE PREVENTION OR THE RELIEF OF POVERTY ANYWHERE IN THE WORLD BY PROVIDING GRANTS, ITEMS AND SERVICES TO THE INDIVIDUALS IN NEED AND/OR CHARITIES, OR OTHER ORGANISATIONS WORKING TO PREVENT OR RELIEVE POVERTY; 1.3 RELIEF OF FINANCIAL NEED AND SUFFERING AMONGST VICTIMS OF NATURAL OR OTHER KINDS OF DISASTERS IN THE FORM OF MONEY OR OTHER MEANS DEEMED SUITABLE FOR PERSONS, BODIES, ORGANISATIONS AND/OR COUNTRIES AFFECTED, INCLUDING THE PROVISION OF MEDICAL AID.
Governing documentMEMORANDUM AND ARTICLES INCORPORATED 30 AUG 2014
Area of benefit
Anywhere In The World
Safeguarding vulnerable beneficiaries
Conflicts of interest
Land And Property
This charity owns and/or leases land or property.
- 6 Trustees
- 13 Employees
- 30 Volunteers
Areas of operation
List of regions
- The Gambia