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Data for financial year ending 31 March 2018

St Olave's And St Saviour's Schools Foundation

  • Income

    £1.7M

  • Spending

    £1.6M

  • Status

    Up-to-date

Charity no. 312987

Public address

  • St. Olaves & St. Saviours Schools, Foundation, Europoint House, 5 Lavington Street, London, SE1 0NZ

Aims & activities

The Charity uses its net yearly income to enhance the provision of education and maintenance of the Schools of the Foundation and to provide other educational benefits for young people's education in Southwark through the Foundation Fund

What the charity does

  • Education/training

Who the charity helps

  • Children/young people

How the charity works

  • Makes grants to individuals
  • Makes grants to organisations
  • Provides buildings/facilities/open space

Income and Endowments:

£1.7M

* £131.0K investment gains(losses)

Expenditure:

£1.6M

Assets and liabilities

  • £6.1M Own use assets
  • £24.4M Long term investments
  • £0.0K Defined benefit pension scheme asset or liability
  • £1.7M Other assets
  • £2.0M Total liabilities
Financial history
Compliance history

Trading

This charity has one or more trading subsidiaries

Gift aid

Recognised by HMRC for gift aid

Charitable spending ratios

89%
81%
9%

Charitable objects

THE GOVERNORS SHALL PAY A YEARLY SUM OF ·2,000 OR SUCH OTHER SUM AS THE CHARITY COMMISSIONERS MAY FROM TIME TO TIME APPROVE TO THE PROVOST AND CHAPTER OF THE CATHEDRAL CHURCH OF ST. SAVIOUR'S, SOUTHWARK, FOR THE BENEFIT OF THE MUSICAL EDUCATION OF CHORISTERS WHOSE PARENTS OR GUARDIANS ARE RESIDENT IN THE AREA OF THE ANCIENT PARISHES OF ST. OLAVE AND ST. SAVIOUR WITH A PREFERENCE FOR SUCH CHORISTERS WHO ARE IN NEED OF FINANCIAL ASSISTANCE AND SUBJECT THERETO FOR THE BENEFIT OF THE MUSICAL EDUCATION OF CHORISTERS AND THE MAINTENANCE OF THE CHOIR. (1) THE GOVERNORS SHALL APPLY A YEARLY SUM OF ¯50,000 OR SUCH OTHER SUM AS THE COMMISSIONERS MAY FROM TIME TO TIME APPROVE FOR THE BENEFIT OF YOUNG PERSONS WHO HAVE NOT ATTAINED THE AGE OF 25 YEARS BEING RESIDENT IN THE AREA OF THE FORMER METROPOLITAN BOROUGHS OF SOUTHWARK AND BERMONDSEY, AND WHO IN THE OPINION OF THE GOVERNORS ARE IN NEED OF FINANCIAL ASSISTANCE, IN ONE OR MORE OF THE WAYS MENTIONED IN PARAGRAPHS (A) TO (F) OF SUB-CLAUSE (1) OF CLAUSE 24 OF THIS SCHEME: PROVIDED THAT IF IN ANY YEAR THE SAID SUM IS NOT FULLY APPLIED, THE GOVERNORS MAY APPLY THE SURPLUS IN ACCORDANCE WITH THE PROVISIONS OF THIS SUB-CLAUSE IN THE FOLLOWING YEAR OR YEARS. (1) THE GOVERNORS SHALL APPLY THE RESIDUE OF THE SAID NET INCOME FOR THE BENEFIT OF PERSONS OF EITHER SEX WHO HAVE NOT ATTAINED THE AGE OF 25 YEARS, WHO ARE ABOUT TO ATTEND, OR ARE ATTENDING, OR HAVE FOR NOT LESS THAN TWO YEARS ATTENDED ONE OR OTHER OF THE SCHOOLS OF THE FOUNDATION, WHO, IN THE OPINION OF THE GOVERNORS, ARE IN NEED OF FINANCIAL ASSISTANCE IN ONE OR MORE OF THE FOLLOWING WAYS:- (A) THE AWARD OF SCHOLARSHIPS, BURSARIES OR MAINTENANCE ALLOWANCES TENABLE AT ANY SCHOOL, UNIVERSITY, OR OTHER PLACE OF LEARNING, APPROVED BY THE GOVERNORS; (B) THE PROVISION OF FINANCIAL ASSISTANCE, OUTFITS, CLOTHING, TOOLS, INSTRUMENTS OR BOOKS TO ENABLE BENEFICIARIES ON LEAVING SCHOOL, A UNIVERSITY OR ANY OTHER EDUCATIONAL ESTABLISHMENT TO PREPARE FOR, OR TO ASSIST THEIR ENTRY INTO, A PROFESSION, TRADE OR CALLING; (C) THE AWARD OF SCHOLARSHIPS OR MAINTENANCE ALLOWANCES TO ENABLE BENEFICIARIES TO TRAVEL ABROAD TO PURSUE THEIR EDUCATION; (D) THE PROVISION OR ASSISTANCE TOWARDS THE PROVISION OF FACILITIES OF ANY KIND NOT NORMALLY PROVIDED BY THE LOCAL EDUCATION AUTHORITY FOR RECREATION AND SOCIAL AND PHYSICAL TRAINING INCLUDING THE PROVISION OF COACHING IN ATHLETICS, SPORTS AND GAMES, FOR BENEFICIARIES WHO ARE RECEIVING PRIMARY, SECONDARY OR FURTHER EDUCATION; (E) THE PROVISION OF FINANCIAL ASSISTANCE TO ENABLE BENEFICIARIES TO STUDY MUSIC OR OTHER ARTS; (F) IN OTHERWISE PROMOTING THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF BENEFICIARIES INCLUDING THE MAKING OF GRANTS TO OTHER CHARITABLE INSTITUTIONS OR ORGANISATIONS WHICH PROMOTE THE EDUCATION OF BENEFICIARIES.

Governing document

SCHEME OF 26 FEBRUARY 1962, AS AMENDED BY SCHEMES OF 27 SEPTEMBER 1971, 20 JUNE 1977, 1 NOVEMBER 1982, 14 OCTOBER 1986, 14 JANUARY 1991, AND 23 JULY 2002, ORDER DATED 15 DECEMBER 2005 AS AMENDED BY RESOLUTION DATED 08 MARCH 2006

Area of benefit

St Olave, St Saviour And London Borough Of Southwark

Organisation type

Standard registration

Policies

Risk management
Investment

Land And Property

This charity owns and/or leases land or property.

  • 16 Trustees
  • 2 Employees
  • 0 Volunteers

Trustee board

Trustee Other trusteeships Charity status
The Very Revd Andrew Nunn Marshall's Educational Foundation Up-to-date
The Southwark Cathedral Education Trust Up-to-date
Dr David Ryall Friends Of The Holy Land Up-to-date
The Ven Dr Paul Wright Biggin Hill Memorial Museum Trust Up-to-date
The Rochester Diocesan Society And Board Of Finance Up-to-date
The Venerable Jane Steen Southwark Cathedral Development Trust Up-to-date
Malcolm Edwards Ma, Aca None on record
Ian Gordon Rankine Fsa (Chair) None on record
Edwin Langdown None on record
Cllr Robert John Evans Mytime Active Up-to-date
Laurence Johnstone Frics None on record
Debra Reiss None on record
Elizabeth Edwards St Olave's & St Saviour's Schools Foundation Cio Recently registered
Stephen Parry None on record
Robert Highmore None on record
Dr Emma Victoria Sanderson-Nash None on record
Cllr Stephen Wells None on record
Rev Samuel Hole Ma, Phd None on record

Areas of operation

List of regions

  • Bromley
  • Southwark