LONGACRE SCHOOL
Financial health, per its FY2025 accounts
The accounts state that the charity ceased trading and transferred its net assets to Bridewell on 1 January 2025, resulting in a net asset position of £nil at the year-end. The financial statements were prepared on a basis other than going concern due to the merger and subsequent winding-up application. Prior to the transfer, the charity held unrestricted reserves of £4,842,493, which were fully transferred to the acquiring entity.
What the accounts disclose
“Following the merger and transfer of net assets, Free Reserves comprising Net Assets less fixed assets and related loans at 31 July 2025 were £nil”
“Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 1.”
“Shortly before completion of the merger in January 2025, Bridewell lent £670,000 to Longacre School to assist in the repayment of its bank loans and the transfer of its net assets to Bridewell.” — page 24
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Andrew Blurtonchair
- Anil Noorani
- Fiona Gibbons
- Richard Herring
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £1.4m | £6.4m |
| 31/07/2024 | £4.1m | £4.0m |
| 31/07/2023 | £4.0m | £3.9m |
| 31/07/2022 | £3.9m | £3.8m |
| 31/07/2021 | £3.8m | £3.5m |
Common questions
Is LONGACRE SCHOOL financially healthy?
The accounts state that the charity ceased trading and transferred its net assets to Bridewell on 1 January 2025, resulting in a net asset position of £nil at the year-end. The financial statements were prepared on a basis other than going concern due to the merger and subsequent winding-up application. Prior to the transfer, the charity held unrestricted reserves of £4,842,493, which were fully transferred to the acquiring entity. Its FY2025 accounts were audited by Menzies LLP.