THE DEAN CLOSE FOUNDATION
Education of boys and girls based on Christian principles. Encouragement of personal development in a culture of service to the school and wider communities.
Financial health, per its FY2025 accounts
The accounts state that total net assets rose significantly from £18.5m to £46.7m, driven by large charitable gifts including the acquisition of Kingham Hill School and a farm. However, the charity reports negative free reserves of £10.4m because retained surpluses are utilised for facility improvements rather than held as free reserves, with the majority of net assets tied up in fixed assets.
What the accounts disclose
“In the year, contributions were made for 24 (2024: 23) higher paid employees.” — page 38
“leaving negative free reserves of £10.4m (2024: negative £7m) at the year end.” — page 16
“The Charity has three wholly-owned non-charitable subsidiaries, Dean Close Services Limited (DCSL), Dean Close Nurseries Limited (DCNL) and Dean Close Education Limited” — page 8
Year-over-year changes
- Employees paid over £60,000: 0 (FY2024) → 24 (FY2025).
In the news
- Kingham Hill School to join the Dean Close Foundation
- Cotswolds private school to join Dean Close Foundation
- Kingham Hill School will be joining the Dean Close Foundation
- Dean Close Foundation welcomes leading Cheltenham prep school Airthrie - Punchline-Gloucester.com
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Air Vice Marshal Ray Lock
- Brig Matt Cansdale
- Caroline Pellereau
- Debra Ritsperis
- FRANKIE KNIGHT
- Francis Shaw
- Gary McDonald
- Mark Hughes
- Mark Smith
- Rev Malc Allen
- Simon David Bullingham
- Simon Pilcher
- Stephen Holliday
- matthew paul Smith
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £63.8m | £35.5m |
| 31/08/2024 | £33.2m | £32.6m |
| 31/08/2023 | £30.3m | £30.1m |
| 31/08/2022 | £28.1m | £28.2m |
| 31/08/2021 | £25.3m | £25.1m |
Common questions
Is THE DEAN CLOSE FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that total net assets rose significantly from £18.5m to £46.7m, driven by large charitable gifts including the acquisition of Kingham Hill School and a farm. However, the charity reports negative free reserves of £10.4m because retained surpluses are utilised for facility improvements rather than held as free reserves, with the majority of net assets tied up in fixed assets. Its FY2025 accounts were audited by Crowe U.K. LLP.
Who funds THE DEAN CLOSE FOUNDATION?
Funders whose own accounts filings name THE DEAN CLOSE FOUNDATION as a grant recipient include THE TEWKESBURY ABBEY FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE TEWKESBURY ABBEY FOUNDATION | FY2022 | £55k | chorister scholarships for Schola Cantorum |
| THE TEWKESBURY ABBEY FOUNDATION | FY2021 | £53k | chorister scholarships for Schola Cantorum |
| THE TEWKESBURY ABBEY FOUNDATION | FY2023 | £48k | chorister scholarships for Schola Cantorum |
| THE TEWKESBURY ABBEY FOUNDATION | FY2024 | £30k | chorister scholarships for Schola Cantorum |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE YORK EARLY MUSIC FOUNDATION | 1 | £3k |
Charities like this
- Town Close Educational Trust Ltd
- DHS Educational Foundation
- DENSTONE COLLEGE LIMITED
- OVINGDEAN HALL FOUNDATION
- DEESIDE HOUSE EDUCATIONAL TRUST LIMITED
- ACTION WITH AWARENESS REGARDING EDUCATION FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE DEAN CLOSE FOUNDATION | £63.8m | — | 24 | below | — | no doubt |
| Town Close Educational Trust Ltd | £6.2m | £110,001 - £120,000 | — | below | — | no doubt |
| DHS Educational Foundation | £1.6m | — | 0 | unclear | — | no doubt |
| DENSTONE COLLEGE LIMITED | £16.3m | — | — | unclear | — | no doubt |
| OVINGDEAN HALL FOUNDATION | £774k | — | 0 | unclear | — | no doubt |
| DEESIDE HOUSE EDUCATIONAL TRUST LIMITED | £7.8m | £100,001 - £200,000 | — | above | — | no doubt |