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URSULINE PREPARATORY SCHOOL WIMBLEDON TRUST

Registered charity 1079754 · accounts filings on the Charity Commission register

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Latest income
£2.1m
Latest spending
£2.9m
Registered
2000
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity incurred a net expenditure of £113,693 for the year, resulting in total unrestricted reserves of £3,164,569. Per the trustees' report, the school is scheduled to close on 31 August 2024 due to falling pupil numbers and financial pressures, and the financial statements have been prepared on a basis other than going concern.

What the accounts disclose

Related-party transaction: Governors/Trustee family fees
“Mrs C Whatling and Mrs H Hogben, governors, are parents and Mr G Smith, a trustee, is a grandparent, of pupils that attended the school for whom fees were payable to the school. Fees payable and any discounts were charged and awarded on the same basis as for other parents.” — page 20
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Jacob Cavenagh & Skeet. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2024)

Total income
£2.1m
Total spending
£2.9m
Cost of raising funds
£124k
Reserves (reported)
£2.4m
Employees
41

Reported reserves equal ~9.7 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Merton

Income and spending

Financial year endIncomeSpending
31/08/2024£2.1m£2.9m
31/08/2023£2.4m£2.5m
31/08/2022£2.4m£2.3m
31/08/2021£2.5m£2.4m
31/08/2020£2.7m£2.7m

Common questions

Is URSULINE PREPARATORY SCHOOL WIMBLEDON TRUST financially healthy?

The accounts state that the charity incurred a net expenditure of £113,693 for the year, resulting in total unrestricted reserves of £3,164,569. Per the trustees' report, the school is scheduled to close on 31 August 2024 due to falling pupil numbers and financial pressures, and the financial statements have been prepared on a basis other than going concern. Its FY2023 accounts were audited by Jacob Cavenagh & Skeet.