THE COLLEGE OF SAINT MARY OF WINCHESTER IN OXFORD, COMMONLY CALLED NEW COLLEGE
Financial health, per its FY2025 accounts
The accounts state that total funds increased by £40.8m to £445.0m, driven largely by a £39.5m increase in endowment funds and significant investment gains of £44.2m. The charity maintains unrestricted funds of £64.1m, which the trustees consider appropriate relative to current activity levels and identified risks. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The College’s reserves policy is to maintain sufficient free reserves to enable it to meet its short-term financial obligations in the event of an unexpected revenue shortfall and to allow the College to be managed efficiently and to provide a buffer that would ensure uninterrupted services.” — page 12
“The College has properties owned jointly with trustees under joint equity ownership agreements between the trustee and the College. College's equity is valued at £2,378k.” — page 42
“Trustees are entitled to a 50% reduction in school fees at the College's school. During the year two trustees had children in the school (2024: one).” — page 42
“The College has properties owned jointly with trustees under joint equity ownership agreements between the trustee and the College. College's equity is valued at £2,378k.” — page 42
“Trustees are entitled to a 50% reduction in school fees at the College's school. During the year two trustees had children in the school (2024: one).” — page 42
“It has two wholly-owned non-charitable subsidiaries, Longwall Limited and Longwall II Limited, both of which were active during the year.”
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Andrew Counter
- Ashleigh Griffin
- Bernhard Malkmus
- Christiane Timmel
- DAVID PALFREYMAN
- DR M J BURDEN
- Dominic Joyce Prof
- Dr ADRIANNE SLYZ
- Dr Christian Sahner
- Dr Elena Baena-Gonzalez
- Dr Grant Churchill
- Dr HANNAH SULLIVAN
- Dr Jean-Paul Carvalho
- Dr Jeanne Morefield
- Dr MARK GRIFFITH
- Dr Natalia Ares
- Dr RICHARD MASH
- Dr Stephan Uphoff
- Dr WILLIAM POOLE
- Gerald Wells
- JANE LIGHTFOOT
- JONATHAN BLACK
- MARK CURTIS
- MASUD HUSAIN
- Meera Sabaratnam
- Miles Young
- PROFESSOR MARCUS DU SAUTOY
- Paola Conconi
- Paolo Fait
- Prof Nino Luraghi
- Professor Andrew Meadows
- Professor Barbara Rossi
- Professor DAVID GAVAGHAN
- Professor DAVID PARROTT
- Professor DIETER HELM
- Professor EUGENE FLYNN
- Professor JOHN MCGRADY
- Professor JOSEPH CONLON
- Professor MARTIN WILLIAMS
- Professor OLIVER PYBUS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £22.6m | £27.9m |
| 31/07/2024 | £22.2m | £22.9m |
| 31/07/2023 | £21.7m | £21.2m |
| 31/07/2022 | £20.0m | £21.3m |
| 31/07/2021 | £17.8m | £16.9m |
Common questions
Is THE COLLEGE OF SAINT MARY OF WINCHESTER IN OXFORD, COMMONLY CALLED NEW COLLEGE financially healthy?
The accounts state that total funds increased by £40.8m to £445.0m, driven largely by a £39.5m increase in endowment funds and significant investment gains of £44.2m. The charity maintains unrestricted funds of £64.1m, which the trustees consider appropriate relative to current activity levels and identified risks. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Gravita Audit Oxford LLP.