THE GEOGRAPHICAL ASSOCIATION
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit before investment losses of £85,263 for the year ended 31 August 2025, resulting in an overall net reduction in funds of £366. However, the trustees consider the closing balance sheet to remain robust, with total net assets of £2,194,873 and free reserves of £1,959,139, which are above the stated target level.
What the accounts disclose
“Based on the Trustees’ evaluation of the above reserve requirements, a target level of free reserves (excluding restricted funds and tangible fixed assets) as at 31 August 2025 was £1,573,000.” — page 19
“Complimentary membership is granted to trustees during their term as a trustees should they wish. During the year, 9 such memberships were provided, with an equivalent market value of £675 (2024: 10 memberships valued at £750).” — page 53
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Alastair John Owenschair
- Anthony Barlow
- Catherine Owen
- DR Paula Richardson
- Denise Ann Howlett
- Fiona Sheriff
- Hina Robinson
- James Hagan Nana Esson
- John Hopkin
- Lawrence Michael Bate
- Mark James Froud
- Peter Alan Brock
- Robert Chambers
- Sophie Wilson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £1.2m | £1.3m |
| 31/08/2024 | £1.3m | £1.3m |
| 31/08/2023 | £1.1m | £1.2m |
| 31/08/2022 | £1.1m | £1.3m |
| 31/08/2021 | £954k | £963k |
Common questions
Is THE GEOGRAPHICAL ASSOCIATION financially healthy?
The accounts state that the charity reported a net deficit before investment losses of £85,263 for the year ended 31 August 2025, resulting in an overall net reduction in funds of £366. However, the trustees consider the closing balance sheet to remain robust, with total net assets of £2,194,873 and free reserves of £1,959,139, which are above the stated target level. Its FY2025 accounts were audited by Sumer Auditco Limited.