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Greenwich Waldorf School Initiative

Registered charity 1075981 · accounts filings on the Charity Commission register · also known as GREENWICH STEINER SCHOOL INITIATIVE

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Latest income
£2.1m
Latest spending
£2.2m
Registered
1999
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a deficit of £640,068 for the year ended 31 July 2025, driven by a property revaluation loss and operating costs. The unrestricted general reserve is in deficit at £167,718, although total reserves including designated funds stand at £803,220. The auditor has identified a material uncertainty regarding going concern due to cash flow tightness and pupil numbers being below the break-even point.

What the accounts disclose

Reserves policy: one month's operational expenses (held: £803k)
“The charity feels that the level of unrestricted funds needed to be able to finance one months’ operational expenses about £120,000 before revaluation gains or losses.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: material uncertainty disclosed
“We draw attention to Note 1.2 in the financial statements, which indicates that the charity is expecting cash flow to be tight for the next 12 months. As stated in Note 1.2, this means that there is currently a material uncertainty exists that may cast significant doubt on the Charity’s ability to continue as a going concern.” — page 11
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Simpson Wreford LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/07/2025)

Total income
£2.1m
Total spending
£2.2m
Cost of raising funds
£6k
Reserves (reported)
£120k
Employees
48

Reported reserves equal ~0.7 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Greenwich

Income and spending

Financial year endIncomeSpending
31/07/2025£2.1m£2.2m
31/07/2024£2.1m£2.1m
31/07/2023£1.8m£1.9m
31/07/2022£1.7m£1.6m
31/07/2021£1.6m£1.5m

Common questions

Is Greenwich Waldorf School Initiative financially healthy?

The accounts state that the charity reported a deficit of £640,068 for the year ended 31 July 2025, driven by a property revaluation loss and operating costs. The unrestricted general reserve is in deficit at £167,718, although total reserves including designated funds stand at £803,220. The auditor has identified a material uncertainty regarding going concern due to cash flow tightness and pupil numbers being below the break-even point. Its FY2025 accounts were audited by Simpson Wreford LLP.