The financial accounts for the year ending December 31st 2014 show a net disposable income of £485,073 from a gross income of £645,616 generated from it’s investments and property rents. £29,321 (4.5% of total income) was spent on generating income. A further £94,811 (14.7% of total income) was spent on administration whilst the cost of governance amounted to £36,411 (5.6%).
The accounts also show that in the 12 months ending 31st December 2014, the Charity approved grants totalling £684,412 towards a broad range of grant aided schemes and Relief in Need applications. The difference (of £199,339) was added from the Charity’s reserves. In applying Charity funds the Feoffees work closely with many local support organisations, community groups and Local Authority Departments, whilst drawing on the broad range of skills and experience available among Main Board members. The Charity is mindful in every decision that is made to award funds, that a tangible and recognisable public benefit must be inherent in each case.
Examples of some of the projects supported in 2014 are:-
Market Harborough Rugby Union Football Club
1st Market Harborough Scout Group
Harborough Youth and Community Trust
Voluntary Action South Leicestershire
Welland Park Academy Pre-School
Great Bowden Community Pavilion
In addition to its major grant giving activities, the Charity also completed a major programme of works on the Old Grammar School, a 17th Century town landmark that celebrated its 400th anniversary in 2014. The Charity has also spent over £45,000 in supporting 32 individuals in furthering their education and a further £21,000 in providing a whole host of different, simple, everyday items to improve the living conditions of nearly 40 needy residents of the town and the two villages. During the year, the Charity has also continued its programme of upgrading the 14 Almshouse flats it owns at Scotland End, off Scotland Road, Little Bowden with particular emphasis on flats 13 and 14 and has continued to support and extend the provision of cultivatable plots on the Charity’s allotments.