THE NEWCASTLE UPON TYNE ROYAL GRAMMAR SCHOOL
Latest income
£22.2m
Latest spending
£21.5m
Registered
2006
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the school maintained a strong cash position with net current assets of £5.7 million and reported a net surplus of £649,971 for the year. However, free reserves are in a deficit of £6.6 million, primarily due to £10.1 million in loans taken out to fund building projects. The school faces financial risks from the introduction of VAT on school fees and the loss of business rates relief, which it is managing through fee adjustments and cost-saving measures.
What the accounts disclose
Highest-paid employee band: £160,001 - £170,000 — in the top quarter for charities its size (median £125k)
“£160,001 - £170,000 1”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy
“Free reserves (i.e. those not tied up in fixed assets or designated by Governors) are in deficit at the year end by £6.6 million”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The school shares some trustees with the RGS Educational Trust, a charity, the main purpose of which is to provide income towards bursaries for some pupils of the school. The school maintains a bank account on behalf of the Trust in respect of donations towards the Trust’s campaign appeal and the school meets the Trust's campaign appeal costs.
“The school shares some trustees with the RGS Educational Trust, a charity, the main purpose of which is to provide income towards bursaries for some pupils of the school. The school maintains a bank account on behalf of the Trust in respect of donations towards the Trust’s campaign appeal and the school meets the Trust's campaign appeal costs.” — page 14
“The Royal Grammar School Educational Trust 530,000”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Royal Grammar School Educational Trust provided a grant of £530,000 towards bursaries.
“The school shares some trustees with the RGS Educational Trust, a charity, the main purpose of which is to provide income towards bursaries for some pupils of the school. The school maintains a bank account on behalf of the Trust in respect of donations towards the Trust’s campaign appeal and the school meets the Trust's campaign appeal costs.” — page 14
“The Royal Grammar School Educational Trust 530,000”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The school met the RGS Educational Trust's campaign appeal costs totalling £142,494.
“The school shares some trustees with the RGS Educational Trust, a charity, the main purpose of which is to provide income towards bursaries for some pupils of the school. The school maintains a bank account on behalf of the Trust in respect of donations towards the Trust’s campaign appeal and the school meets the Trust's campaign appeal costs.” — page 14
“The Royal Grammar School Educational Trust 530,000”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Storrow Scott Charitable Will Trust applied its income to the Royal Grammar School Educational Trust.
“The school shares some trustees with the RGS Educational Trust, a charity, the main purpose of which is to provide income towards bursaries for some pupils of the school. The school maintains a bank account on behalf of the Trust in respect of donations towards the Trust’s campaign appeal and the school meets the Trust's campaign appeal costs.” — page 14
“The Royal Grammar School Educational Trust 530,000”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The school purchased merchandise from its subsidiary RGS Trading Limited.
“The school shares some trustees with the RGS Educational Trust, a charity, the main purpose of which is to provide income towards bursaries for some pupils of the school. The school maintains a bank account on behalf of the Trust in respect of donations towards the Trust’s campaign appeal and the school meets the Trust's campaign appeal costs.” — page 14
“The Royal Grammar School Educational Trust 530,000”
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: RGS Trading Limited
“The school's subsidiary trading company, RGS Trading Limited, generated a surplus of £5,043” — page 10
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/07/2025)
Total income
£22.2m
Total spending
£21.5m
Cost of raising funds
£223k
Reserves (reported)
£38.6m
Employees
282
Trustees
- ALAN CRAWFORD FLETCHERchair
- Dr XANTHE BROCK
- Elisabeth Margaret Kerr
- James George Ryan
- Jasan Fitzpatrick
- Nigel John McMinn
- Sally Anne Green
- Sanjeev Vadhera
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £22.2m | £21.5m |
| 31/07/2024 | £22.4m | £21.6m |
| 31/07/2023 | £22.4m | £21.4m |
| 31/07/2022 | £20.6m | £19.9m |
| 31/07/2021 | £19.4m | £18.8m |
Common questions
Is THE NEWCASTLE UPON TYNE ROYAL GRAMMAR SCHOOL financially healthy?
The accounts state that the school maintained a strong cash position with net current assets of £5.7 million and reported a net surplus of £649,971 for the year. However, free reserves are in a deficit of £6.6 million, primarily due to £10.1 million in loans taken out to fund building projects. The school faces financial risks from the introduction of VAT on school fees and the loss of business rates relief, which it is managing through fee adjustments and cost-saving measures. Its FY2025 accounts were audited by UNW LLP.
What does the highest-paid employee of THE NEWCASTLE UPON TYNE ROYAL GRAMMAR SCHOOL earn?
Per its FY2025 accounts, the highest-paid employee was in the £160,001 - £170,000 band.