ST JOSEPH'S COLLEGE LIMITED
Financial health, per its FY2024 accounts
The accounts state that the College reported a net income surplus of £276,308 for the year ended 31 July 2024, with total unrestricted funds of £4,684,643. However, the trustees note that on a SORP basis excluding fixed assets and bank loans, the College has net negative free reserves of £1,218,703, a position attributed to campus improvements financed by borrowings. The trustees confirm the College is well-placed to manage its business risks and has adequate resources to continue as a going concern.
What the accounts disclose
“The Governors have determined that the appropriate level of free unrestricted reserves should provide sufficient working capital to provide a cushion to deal with unexpected emergencies. This will be no less than 3 months of expenditure, which currently equates to £2,422,802.” — page 20
“R Stace (Governor) is the owner of Richard Stace Employment Law Solicitors. During the year a sum of £Nil (2023 - £3,469) was payable to Richard Stace Employment Law Solicitors for employment law advice.” — page 50
“3 (2023 – 4) of the Governors are parents or guardians of pupils attending the College. 1 (2023 – 5) of these pupils have received academic scholarships totalling £2,926 in respect of fees” — page 50
“R Stace (Governor) is the owner of Richard Stace Employment Law Solicitors. During the year a sum of £Nil (2023 - £3,469) was payable to Richard Stace Employment Law Solicitors for employment law advice.” — page 50
“3 (2023 – 4) of the Governors are parents or guardians of pupils attending the College. 1 (2023 – 5) of these pupils have received academic scholarships totalling £2,926 in respect of fees” — page 50
“R Stace (Governor) is the owner of Richard Stace Employment Law Solicitors. During the year a sum of £Nil (2023 - £3,469) was payable to Richard Stace Employment Law Solicitors for employment law advice.” — page 50
“3 (2023 – 4) of the Governors are parents or guardians of pupils attending the College. 1 (2023 – 5) of these pupils have received academic scholarships totalling £2,926 in respect of fees” — page 50
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Christopher Richardson-Smith
- Claire Phelps
- Emma Bailey
- Emma Elaine Hardwick
- Gemma Stronach
- Howard Tuckett
- Ian Christian Ross
- Jonathan Wilden
- Julie Henkel
- Kevin Joseph Connelly
- PERRY GLADING
- Patrick Joseph Lewis
- Philip Dennis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £10.9m | £11.5m |
| 31/07/2024 | £11.4m | £11.2m |
| 31/07/2023 | £10.2m | £9.7m |
| 31/07/2022 | £9.1m | £8.8m |
| 31/07/2021 | £8.4m | £8.4m |
Common questions
Is ST JOSEPH'S COLLEGE LIMITED financially healthy?
The accounts state that the College reported a net income surplus of £276,308 for the year ended 31 July 2024, with total unrestricted funds of £4,684,643. However, the trustees note that on a SORP basis excluding fixed assets and bank loans, the College has net negative free reserves of £1,218,703, a position attributed to campus improvements financed by borrowings. The trustees confirm the College is well-placed to manage its business risks and has adequate resources to continue as a going concern. Its FY2024 accounts were audited by Sumer Auditco Limited.