EXETER SCHOOL
Financial health, per its FY2023 accounts
The accounts state that the group's free reserves were in deficit by £1.1m at the balance sheet date, prior to the release of autumn term fees. However, the trustees report that cash reserves were £3.6m and the school has no borrowings, leading them to conclude that finances are in a strong state with adequate resources to continue in operational existence.
What the accounts disclose
“The board of governors considers that cash reserves of a minimum of £0.5m are desirable in order to cover the risks and uncertainties of operating as an independent educational establishment.” — page 13
“During the financial year Exeter School used the services of Vectare Limited. Mr D A Kalantary, a governor of Exeter School, is a director. Exeter School paid Vectare Limited £25,560 during the year for services received.” — page 34
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- ADRIAN BURBANKS
- Alison Catherine Annetta O'Connor
- Claire Nicola Baillie
- David Michael McGahey
- Dominic Alexander Rezai-Kalantary
- Dr Katherine Lloyd Clark
- GILLIAN ANN HODGETTS
- Gregory Jean Georges Lachas
- Howard James Ely Dyer
- Ikenna Abodunrin Uzodinma Iroche
- Michael Edward Johnson
- Richard Elliott May
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £1.6m | £15.8m |
| 31/08/2024 | £16.5m | £15.8m |
| 31/08/2023 | £15.1m | £14.8m |
| 31/08/2022 | £13.9m | £13.0m |
| 31/08/2021 | £11.9m | £11.2m |
Common questions
Is EXETER SCHOOL financially healthy?
The accounts state that the group's free reserves were in deficit by £1.1m at the balance sheet date, prior to the release of autumn term fees. However, the trustees report that cash reserves were £3.6m and the school has no borrowings, leading them to conclude that finances are in a strong state with adequate resources to continue in operational existence. Its FY2023 accounts were audited by Simpkins Edwards Audit LLP.