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In 1674 Elizabeth Newcomen, a widow of the parish of St Saviour, Southwark, died leaving a large estate in trust for her godson during his lifetime, and after his death as an endowment for charitable uses in the parish. These included charity schools for boys and girls. The earliest records surviving date from 1706. The schools were run by the Wardens and a Committee who could nominate children for places at the school. From 1808-1840 the Newcomen Schools were united with the parochial schools, but in 1840 the Boys' school separated from the parochial school and by 1849 the Girls' school had followed.
From 1887 the schools were administered by the Governors of the Newcomen Foundation, after the charity was re-established by a scheme of the Charity Commissioners. The Girls' School became Elizabeth Newcomen Secondary Technical School, which closed in 1970.