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GIGGLESWICK SCHOOL

Registered charity 1109826 · accounts filings on the Charity Commission register

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Latest income
£9.8m
Latest spending
£10.0m
Registered
2005
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the School held free reserves of £307k at 31 August 2024, following a significant increase in net assets to £9.97m. The Board of Governors considers that reserves should be sufficient to meet annual expenditure commitments, and the School remains a going concern with renewed banking facilities.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“At 31 August 2024 the School held free reserves of £307k. The Governors are pursuing a strategy to improve the balance sheet structure to better match liabilities and assets through releasing cash from surplus assets, while at the same time planning to generate surpluses.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Governor's child educated at standard fees
“One Governor educates their child at the School at standard fee rates.”
“One of the Governors is a partner with Gateley Legal. During the year Gateley Legal provided legal advice to the School in relation to property matters with a total cost of £21,526.” — page 37
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Governor's firm provided legal advice
“One Governor educates their child at the School at standard fee rates.”
“One of the Governors is a partner with Gateley Legal. During the year Gateley Legal provided legal advice to the School in relation to property matters with a total cost of £21,526.” — page 37
Per its FY2024 accounts as filed with the Charity Commission.
Pension scheme deficit: £31.6m
“The valuation therefore revealed a shortfall of assets compared with the value of liabilities of £31.6 million.” — page 36
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Giggleswick Services Limited, Giggleswick International Limited
“Giggleswick School has two subsidiary companies, Giggleswick Services Limited and Giggleswick International Limited.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2025)

Total income
£9.8m
Total spending
£10.0m
Cost of raising funds
£250k
Reserves (reported)
£420k
Employees
174

Reported reserves equal ~0.5 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: North Yorkshire

Income and spending

Financial year endIncomeSpending
31/08/2025£9.8m£10.0m
31/08/2024£13.2m£10.9m
31/08/2023£10.6m£10.3m
31/08/2022£9.6m£9.4m
31/08/2021£8.6m£8.6m

Common questions

Is GIGGLESWICK SCHOOL financially healthy?

The accounts state that the School held free reserves of £307k at 31 August 2024, following a significant increase in net assets to £9.97m. The Board of Governors considers that reserves should be sufficient to meet annual expenditure commitments, and the School remains a going concern with renewed banking facilities. Its FY2024 accounts were audited by Crowe U.K. LLP.