Finance Score: -2

Governance Score: 0

Support Score: 3

Deficit on unrestricted reserves: -2

Overall weighted support: +3

Overall GiG Score: 1

THE READ SCHOOL, DRAX

Provision of education for pupils age 2-18, day and boarding.

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker
This charity has an endowment fund which generates much of its income. Its latest spending amounts to 242.9% of total funds

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
This charity uses a corporate trustee

Financial issues to consider:

There was a deficit on unrestricted reserves of £1,970,465 at the last year end after deducting the value of own use assets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/08/23	*	£3,323	£3,423	£-100	£12	£1,409	£-1,970	-6.9	82	0
31/08/22		£3,063	£3,051	£12	£0	£1,510	£-1,869	-7.4	77	0
31/08/21		£2,544	£2,705	£-162	£2	£1,498	£-1,826	-8.1	61	0
31/08/20		£2,490	£2,864	£-373	£1	£-99	£-1,705	-7.1	65	0
31/08/19		£2,241	£2,929	£-687	£1	£274	£-1,406	-5.8	63	0
31/08/18		£2,346	£3,085	£-739	£2	£960	£-769	-3	63	0
31/08/17	*	£2,353	£2,818	£-465	£0	£1,696	£-214	-0.9	85	0
31/08/16	*	£3,131	£2,761	£370	£23	£2,158	£343	1.5	63	0
31/08/15		£2,750	£3,017	£-267	£14	£1,805	£-120	-0.5	65	0
31/08/14		£2,702	£2,876	£-174	£-14	£2,079	£-52	-0.2	59	0
31/08/13		£2,777	£3,061	£-284	£23	£2,249	£-190	-0.7	60	0
31/08/12		£2,913	£3,287	£-374	£48	£2,504	£-245	-0.9	69	0
31/08/11		£3,264	£3,635	£-371	£35	£2,851	£-365	-1.2	70	0
31/08/10		£3,338	£3,779	£-441	£46	£3,187	£1,673	5.3	80	0
31/08/09		£3,700	£3,612	£88	£35	£3,595	£2,034	6.8	90	0
31/08/08		£3,525	£3,293	£232	£15	£3,534	£1,929	7	89	0
31/08/07		£3,255	£2,997	£258	£15	£3,377	£1,774	7.1	55	0
31/08/06		£2,929	£2,612	£317	n/a	n/a	n/a	n/a	n/a	n/a
31/08/05		£2,635	£2,379	£255	n/a	n/a	n/a	n/a	n/a	n/a
31/08/04		£2,436	£2,218	£218	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 68%
Liabilities/Income: 94%
Unrestricted Funds/Total Funds: -140%
Reserves/Spending: -6.9 months
Net Current Assets/Spending: -2 months
Quick Ratio: 0.1

Asset Split ?

Balance Sheet History

Established: 57 years

www.readschool.co.uk

enquiries@readschool.co.uk

01757618248

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training
General Charitable Purposes

GiG Classification

Secondary schools

How it operates

Makes grants to individuals
Provides buildings/facilities/open space
Provides human resources
Provides services

Where it operates

North Yorkshire,

Who it helps

Children/Young People
Other Charities Or Voluntary Bodies
The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Two Ridings Community Foundation - Sport for All
£25,000	27/07/2022	Funding to carry out cricket and rugby field rennovation so the facilities can be used by the school and wider community.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (1)

THE READ SCHOOL DRAX, TRUSTEE LIMITED

Legal constitution

Charity registered in England & Wales on 16/01/1968, number: 529675

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity 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
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; AR23: 5 days late, AR17: 14 days late, AR16: 25 days late,

Main office

READ SCHOOL
DRAX
SELBY
YO8 8NL

Objectives

A DAY AND BOARDING SCHOOL

Defined Area of Benefit:

DRAX

Data Sources

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