Finance Score: 1

Governance Score: 1

Support Score: 3

Excess liquidity: -1
Pension deficit: -1
Fundraising costs low: +3

No volunteer policy: -2
Good trustee age range: +3

Gov Income
Grant maker support: +3

Overall GiG Score: 5

THE INDEPENDENT EDUCATIONAL ASSOCIATION LIMITED

This charity promotes the advancement of education of children and young persons and to establish schools in any part of the world. The charity now provides education to over 860 pupils from the ages of 2 to 18 through the St James Schools: Nursery School, Prep School and Senior Girls' School situated at Earsby Street, W14 8SH, and Senior Boys' School at Ashford, Surrey TW15 3DZ.

Analysis by Giving is Great

Positives:

The charity has received Government grants
Spending has increased over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of age

Regulatory & Governance issues to consider:

Although this charity works with volunteers it does not have a Volunteer Management policy

Financial issues to consider:

Liquidity appeared to be in excess of CC guidelines at the latest year end especially considering the historic stability of income
There is a pension deficit of £1,140,269

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/08/23		£17,901	£17,093	£808	£87	£27,936	£25,808	18.1	188	10
31/08/22		£17,306	£16,239	£1,067	£37	£28,192	£26,088	19.3	182	20
31/08/21		£16,141	£14,761	£1,380	£101	£25,629	£23,319	19	182	20
31/08/20		£16,627	£15,069	£1,558	£170	£23,312	£21,417	17.1	191	20
31/08/19	*	£16,841	£15,930	£911	£122	£21,207	£19,389	14.6	191	10
31/08/18	*	£16,686	£11,871	£4,816	£104	£22,010	£20,210	20.4	196	0
31/08/17		£17,081	£12,477	£4,604	£145	£14,933	£13,244	12.7	192	0
31/08/16	*	£15,819	£14,229	£1,590	£230	£8,311	£6,881	5.8	195	0
31/08/15		£16,133	£12,966	£3,167	£212	£14,282	£12,297	11.4	163	0
31/08/14		£13,717	£12,548	£1,169	£229	£10,994	£9,627	9.2	161	0
31/08/13		£13,852	£12,308	£1,545	£208	£11,442	£10,167	9.9	159	0
31/08/12		£12,312	£11,486	£826	£97	£10,322	£9,776	10.2	154	0
31/08/11	*	£12,737	£10,935	£1,802	£178	£7,754	£7,252	8	152	0
31/08/10		£9,236	£9,313	£-77	£74	£5,171	£4,339	5.6	144	0
31/08/09		£8,377	£8,728	£-351	£41	£6,562	£5,509	7.6	145	0
31/08/08		£7,945	£8,243	£-298	£39	£8,499	£7,243	10.5	153	0
31/08/07		£7,251	£7,687	£-436	£34	£8,980	£7,677	12	147	0
31/08/06		£6,691	£6,882	£-191	£0	£0	£0	n/a	0	0
31/08/05		£6,463	£6,569	£-106	£0	£0	£0	n/a	0	0
31/08/04		£5,461	£5,643	£-181	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.6%
Fundraising Costs/Total Spending: 0.6%
Senior Staff Costs/Total Spending: 7%
Highest pay band: £120,000-£130,000
Liabilities/Assets: 21%
Liabilities/Income: 43%
Unrestricted Funds/Total Funds: 92%
Reserves/Spending: 18.1 months
Net Current Assets/Spending: 1 months
Quick Ratio: 1.1

Asset Split ?

Established: 49 years

www.stjamesschools.co.uk

coo@stjamesschools.co.uk

02073481700

Charity Commission for England and Wales

Listed activities

Education/Training

GiG Classification

Secondary schools

How it operates

Provides services

Where it operates

Throughout England,

Who it helps

Children/Young People

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Age Range of Trustees: 45-78

AATIF HASSAN Appointed: 2006, Occupation: Director, Other trusteeships: THE MOST HONOURABLE AND LOYAL SOCIETY OF ANCIENT BRITONS (WELSH GIRLS' SCHOOL) NOW KNOWN AS ST DAVID'S SCHOOL, THE RADNOR CHARITABLE TRUST,

ANNABEL LUBIKOWSKI Appointed: 2018, Occupation: Retired

HUGH SPENSER VENABLES Appointed: 2008, Occupation: Consultant, Other trusteeship: THE MOST HONOURABLE AND LOYAL SOCIETY OF ANCIENT BRITONS (WELSH GIRLS' SCHOOL) NOW KNOWN AS ST DAVID'S SCHOOL,

HELEN CLAIR DE MATTOS Appointed: 2023

JEREMY THEODORSON SINCLAIR (Chair) Appointed: 1999, Occupation: Advertising, Other trusteeship: THE JYOTIRNIDHI NYASA TRUST,

JEROME WEBB Appointed: 2007, Occupation: Chartered Surveyor, Other trusteeship: THE MOST HONOURABLE AND LOYAL SOCIETY OF ANCIENT BRITONS (WELSH GIRLS' SCHOOL) NOW KNOWN AS ST DAVID'S SCHOOL,

MICHAEL JOHNATHAN HARPER Appointed: 2023, Occupation: Chartered Surveyor

Legal constitution

Charitable company registered in England & Wales on 08/12/1975, number: 270156
Registered at Companies House on 08/08/1975, number: 01222329

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; AR19: 64 days late, AR18: 50 days late, AR16: 18 days late, AR11: 38 days late,

Main office

St. James Schools
Earsby Street
LONDON
W14 8SH

Objectives

TO PROMOTE THE ADVANCEMENT OF EDUCATION OF CHILDREN AND YOUNG PERSONS AND IN CONNECTION THEREWITH TO ESTABLISH AND CONDUCT IN ANY PART OF THE WORLD A SCHOOL OR SCHOOLS TO GIVE INSTRUCTION IN ALL BRANCHES OF EDUCATION INCLUDING THE PREPARATION OF PUPILS TO SIT FOR PUBLIC EXAMINATIONS WHETHER ACADEMIC PROFESSIONAL OR OTHERWISE.

Defined Area of Benefit:

ANY PART OF THE WORLD

Data Sources