The John Townsend Trust (06769267): administration
- Status
- Administration ended
- Administration began
- 2015-12-07
- Administrators' firm
- FRP Advisory
- Incorporated
- 2008-12-09
- Location
- London
- Industry
- 85200 Primary education
Why it went into administration
- Regulatory change or action
- Cash flow / liquidity pressure
From the administrators' statement
The Trust was incorporated in December 2008 The purpose and aim of the Trust was to educate and care for deaf children and young people (potentially with additional needs) for a positive future within work and their communities. It was formed to carry on the charttable work originally conducted by The Royal School for Deaf Children Margate (‘RSDCM") which was a corporation formed by Act of Parliament in 1792 The rationale for transferring operational matters from RSDCM to the Trust was the restrictions placed on its activities by the original objectives lard down by Parliament. To amend these objectives required significant expense and therefore it was considered more practical to allow a new company, limited by guarantee, to take the charitable work forward
Operations and the employees were transferred from RSDCM to the Trust shortly after incorporation but the Properties from which the Trust operated remained owned by RSDCM
Although a registered charity, as a company limited by guarantee, the Trust is subject to the normal rules and legislation with regard to the operations of any limited company The Trust is not a publicly funded body but in effect a commercial organisation which needed to ensure its income exceeded tts expenditure or that its assets exceeded tts liabilities
Administrators' statement of proposals (2016-02-04) · Companies House register