ST PAUL'S GIRLS' SCHOOL
Provision of education to girls aged 11-18 by running an academically selective school offering a stimulating and ambitious programme of study with a rich and diverse extra-curricular programme. Bursaries enable a wide range of girls to take advantage of this exceptional education. The School's values and ethos are outlined on its website http://spgs.org/about/ethos/.
Objects
1 TO PROMOTE IN GREATER LONDON THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF GIRLS AND BOYS AND IN PARTICULAR BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING TO CONDUCT AND MAINTAIN SCHOOLS IN OR NEAR TO GREATER LONDON FOR GIRLS AND BOYS.2 THE GOVERNORS SHALL PURSUE THE OBJECTS OF THE SCHOOL BY RUNNING A GIRLS SCHOOL AND MAY ONLY EDUCATE MEMBERS OF THE OPPOSITE SEX WITH PRIOR WRITTEN CONSENT OF AND SUBJECT TO ANY RESTRICTION IMPOSED BY THE MERCERS' COMPANY.
Financial health, per its FY2025 accounts
The accounts state that the school generated a total net income from operations of £863,000, with total income of £30,542,000 and total expenditure of £29,679,000. Per the trustees' report, the school holds unrestricted funds of £41,717,000 and free reserves of £7,418,000, which exceed the stated minimum cash reserves policy of £4,500,000. The Governors and auditors confirm there are no material uncertainties over the school's financial viability, supporting the going concern basis.
What the accounts disclose
“The number of employees whose emoluments exceeded £60,000 were: 2025 2024 £ 60,000 - £69,999 26 21 £ 70,000 - £79,999 30 36 £ 80,000 - £89,999 20 11 £ 90,000 - £99,999 £100,000 - £109,999 £110,000 - £119,999 £120,000 - £129,999 £160,000 - £169,999 £170,000 - £179,999 £250,000 - £259,999 £290,000 - £299,999 £330,000 - £339,999 |=, 82, =nNwO Prva ww AAA” — page 30
“The number of employees whose emoluments exceeded £60,000 were: 2025 2024 £ 60,000 - £69,999 26 21 £ 70,000 - £79,999 30 36 £ 80,000 - £89,999 20 11 £ 90,000 - £99,999 £100,000 - £109,999 £110,000 - £119,999 £120,000 - £129,999 £160,000 - £169,999 £170,000 - £179,999 £250,000 - £259,999 £290,000 - £299,999 £330,000 - £339,999 |=, 82, =nNwO Prva ww AAA” — page 30
“The total income for the year ended 31 August 2025 was £30,542,000 (2024: £29,402,000) of which £24,212,000 (2024: £23,583,000) was fee income.” — page 14
“The Governors consider, as in previous years, that endeavouring to hold unrestricted cash balances of £4,500,000 during the building programme is an appropriate minimum cash reserves policy.” — page 15
“St Paul’s Schools Foundation made a £60,000 (2024: £60,000) grant towards bursaries and a £33,333 grant for a partnership coordinator (2024: £nil).” — page 42
“The school received a loan of £4,342,304 (2024: £635,887) from the Mercers’ Company to fund the building redevelopment.” — page 42
“St Paul’s Schools Foundation made a £60,000 (2024: £60,000) grant towards bursaries and a £33,333 grant for a partnership coordinator (2024: £nil).” — page 42
“The school received a loan of £4,342,304 (2024: £635,887) from the Mercers’ Company to fund the building redevelopment.” — page 42
“St Paul’s Schools Foundation made a £60,000 (2024: £60,000) grant towards bursaries and a £33,333 grant for a partnership coordinator (2024: £nil).” — page 42
“The school received a loan of £4,342,304 (2024: £635,887) from the Mercers’ Company to fund the building redevelopment.” — page 42
“St Paul’s Schools Foundation made a £60,000 (2024: £60,000) grant towards bursaries and a £33,333 grant for a partnership coordinator (2024: £nil).” — page 42
“The school received a loan of £4,342,304 (2024: £635,887) from the Mercers’ Company to fund the building redevelopment.” — page 42
“St Paul’s Schools Foundation made a £60,000 (2024: £60,000) grant towards bursaries and a £33,333 grant for a partnership coordinator (2024: £nil).” — page 42
“The school received a loan of £4,342,304 (2024: £635,887) from the Mercers’ Company to fund the building redevelopment.” — page 42
“The consolidated financial statements incorporate the financial statements of the Charity and its 100% owned subsidiary, SPGS International Limited (Company number 12094047) which was incorporated on 9 July 2019 to contract with third parties to establish SPGS International schools overseas.” — page 25
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/08/2025
- Volunteers: 63
- Employees paid over £60,000: 90 (£60,001–£70,000: 27; £70,001–£80,000: 29; £80,001–£90,000: 20; £90,001–£100,000: 5; £100,001–£110,000: 3; £110,001–£120,000: 2; £120,001–£130,000: 1; £150,001–£200,000: 1; £250,001–£300,000: 1; £300,001–£350,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/08/2024
- Volunteers: 71
- Employees paid over £60,000: 81 (£60,001–£70,000: 21; £70,001–£80,000: 36; £80,001–£90,000: 11; £90,001–£100,000: 5; £100,001–£110,000: 4; £110,001–£120,000: 1; £150,001–£200,000: 2; £250,001–£300,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/08/2023
- Volunteers: 84
- Employees paid over £60,000: 72 (£60,001–£70,000: 35; £70,001–£80,000: 21; £80,001–£90,000: 8; £90,001–£100,000: 2; £100,001–£110,000: 2; £110,001–£120,000: 1; £150,001–£200,000: 2; £250,001–£300,000: 1)
- Has a trading subsidiary
Leadership, per the charity’s website
- Liz Hewer — High Mistress
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Simon Walter Julian Wathenchair
- Alexander Clayton
- Diana Charlotte Vernon
- GILLIAN LOW MA
- Geeta Khehar
- Geoffrey Matthews
- Joy Claire Reymond
- Justine Archer
- Lisa Barclay
- Mairi Fiona Brewis
- Zeina Jalal Bain
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £29.7m | £29.7m |
| 31/08/2024 | £29.2m | £28.3m |
| 31/08/2023 | £26.2m | £25.0m |
| 31/08/2022 | £23.2m | £22.4m |
| 31/08/2021 | £21.9m | £20.4m |
Common questions
Is ST PAUL'S GIRLS' SCHOOL financially healthy?
Per its FY2025 accounts: The accounts state that the school generated a total net income from operations of £863,000, with total income of £30,542,000 and total expenditure of £29,679,000. Per the trustees' report, the school holds unrestricted funds of £41,717,000 and free reserves of £7,418,000, which exceed the stated minimum cash reserves policy of £4,500,000. The Governors and auditors confirm there are no material uncertainties over the school's financial viability, supporting the going concern basis. Its FY2025 accounts were audited by Crowe U.K. LLP.
What does the highest-paid employee of ST PAUL'S GIRLS' SCHOOL earn?
Per its FY2025 accounts, the highest-paid employee was in the £330,000 - £339,999 band, and 76 employees earned over £60,000.
Who funds ST PAUL'S GIRLS' SCHOOL?
Funders whose own accounts filings name ST PAUL'S GIRLS' SCHOOL as a grant recipient include KUSUMA TRUST UK, THE MERCERS CHARITABLE FOUNDATION, ST PAUL'S SCHOOLS FOUNDATION, THE ANGLO-AMERICAN CHARITY LIMITED.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| KUSUMA TRUST UK | FY2025 | £1.0m | CDI Building and Exhibition Hall |
| KUSUMA TRUST UK | FY2024 | £1.0m | Centre for Design & Innovation Building and Exhibition Hall |
| THE MERCERS CHARITABLE FOUNDATION | FY2022 | £140k | Restricted Bloomfield Fund |
| ST PAUL'S SCHOOLS FOUNDATION | FY2023 | £125k | |
| KUSUMA TRUST UK | FY2023 | £100k | Funding towards the Bursary Programme |
| ST PAUL'S SCHOOLS FOUNDATION | FY2025 | £60k | Associated Schools Mental Health & Wellbeing |
| ST PAUL'S SCHOOLS FOUNDATION | FY2024 | £60k | Literacy & Oracy |
| ST PAUL'S SCHOOLS FOUNDATION | FY2025 | £33k | Aligned Funding |
| ST PAUL'S SCHOOLS FOUNDATION | FY2024 | £33k | Associated Schools Aligned Funding |
| ST PAUL'S SCHOOLS FOUNDATION | FY2022 | £25k | Bursaries (for disadvantaged pupils who would not otherwise attend St Paul’s Girls’ School and St Paul’s School). |
| THE ANGLO-AMERICAN CHARITY LIMITED | FY2022 | £20k | |
| ST PAUL'S SCHOOLS FOUNDATION | FY2025 | £15k | Other |
| KUSUMA TRUST UK | FY2021 | £10k | Summer Holiday Project |
| THE ANGLO-AMERICAN CHARITY LIMITED | FY2023 | amount not stated |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The Mercers' Company | 30/04/2026 | £430k | Grant to St Paul's Girls' School |
| The Mercers' Company | 01/05/2025 | £146k | Grant to St Paul's Girls' School |
| The Mercers' Company | 15/02/2024 | £180k | Grant to St Paul's Girls' School |
| The Mercers' Company | 18/05/2023 | £100k | Grant to St Paul's Girls' School |
| The Mercers' Company | 27/04/2021 | £140k | Grant to St Paul's Girls' School for the West London Partnership |
| The Mercers' Company | 03/03/2021 | £150k | Grant to St Paul's Girls' School |
| The Mercers' Company | 28/04/2020 | £75k | Grant to St Paul's Girls' School |
| The Mercers' Company | 03/04/2020 | £10k | Covid-19 Rapid Response Fund Grant |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GOLDMAN SACHS GIVES (UK) | 1 | £2.6m |
| THE MARANDI FOUNDATION | 1 | £100k |
| PRISM THE GIFT FUND | 1 | £63k |
| THE HINDUJA FOUNDATION | 1 | £8k |
| THE OLDHURST TRUST | 1 | £4k |
| THE CASCIA TRUST | 1 | £3k |
| THE A M CHARITABLE TRUST | 1 | £174 |
Charities like this
- ST PAUL'S SCHOOL
- ST PAUL'S GIRLS' SCHOOL PARENTS' GUILD
- ST PAUL'S SCHOOLS FOUNDATION
- THE ST PETER AND ST PAUL SCHOOL TRUST
- ST GEORGE'S SCHOOL, EDGBASTON
- ST CHRISTOPHER'S THE HALL SCHOOL, LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ST PAUL'S GIRLS' SCHOOL | £29.7m | £330,000 - £339,999 | 76 | unclear | — | no doubt |
| ST PAUL'S SCHOOL | £48.2m | — | — | unclear | — | no doubt |
| ST PAUL'S GIRLS' SCHOOL PARENTS' GUILD | £77k | — | 0 | unclear | — | no doubt |
| ST PAUL'S SCHOOLS FOUNDATION | £1.1m | — | 0 | unclear | — | no doubt |
| THE ST PETER AND ST PAUL SCHOOL TRUST | £1.5m | £70,000 - £80,000 | 1 | unclear | — | no doubt |
| ST GEORGE'S SCHOOL, EDGBASTON | £5.2m | — | — | below | — | no doubt |