ALBERT MEMORIAL COLLEGE
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £544k for the year ended 31 July 2025, with unrestricted reserves falling to £10.3m. Per the trustees' report, the financial statements are prepared on a basis other than going concern due to the pending merger with Mill Hill Education Foundation, which is expected to complete in June 2026.
What the accounts disclose
“It has historically been the opinion of the Governors that a significant level of freely available funds is not necessary for the operation of the College, as all surpluses should be reinvested in the College for the benefit of the pupils.” — page 11
“Mr P Moorhouse, a trustee of the College, is also a trustee of Phoenix Singers. During the year, the College has received £888 (2024: £nil) which relates to the hire of facilities.” — page 45
“Framlingham College Enterprises Ltd is a wholly owned subsidiary of Framlingham College. FCE’s principal activities are the letting of the College’s facilities.” — page 5
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Charles Max Packshawchair
- Andrew Reid
- David Swart-Mallett
- Dr SIMON RUDLAND
- Ian Fulcher
- Joe Lipman
- Judith Jarvis
- Kim Dickel
- Leanne Rose Chadwick
- Lucy Rowan-Robinson
- MARK SLATER
- Martin Anthony Richard Collier
- Nicholas Whitehead
- Nigel Lingwood
- PETER MOORHOUSE
- Paul Hulley
- Philippa Cartmell
- Professor Geoff Hayward
- Rev Joseph Patricius Hawes
- Sarah Gomm
- Susan Ann Smith
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £16.3m | £16.8m |
| 31/07/2024 | £16.6m | £17.3m |
| 31/07/2023 | £16.5m | £15.8m |
| 31/07/2022 | £15.0m | £15.0m |
| 31/07/2021 | £14.4m | £14.8m |
Common questions
Is ALBERT MEMORIAL COLLEGE financially healthy?
The accounts state that the charity reported a net deficit of £544k for the year ended 31 July 2025, with unrestricted reserves falling to £10.3m. Per the trustees' report, the financial statements are prepared on a basis other than going concern due to the pending merger with Mill Hill Education Foundation, which is expected to complete in June 2026. Its FY2025 accounts were audited by Larking Gowen LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 23/09/1997 | £390k | "Framlingham Mere" |