ST CHAD'S COLLEGE DURHAM
Financial health, per its FY2023 accounts
The accounts state that the charity ended the year with total net assets of £14,422,074, though this figure was significantly impacted by a £2,561,456 devaluation of its freehold property portfolio. While the charity reported a net income of £671,485, its free reserves were extremely low at £9,512, as the majority of its assets are tied up in buildings and restricted funds. The trustees maintain that the charity is well-placed to manage its business risks and has sufficient liquid assets and borrowing facilities to meet its reserves policy target of three to four months of normal expenditure.
What the accounts disclose
“There were two employee (2022: one) whose emoluments, as defined for taxation purposes, amounted to over £60,000 in the current or prior year.” — page 33
“The College will therefore seek to have in place at any time sufficient liquid assets (i.e., unrestricted cash and unrestricted investments) and unutilised borrowing facilities (i.e., agreed overdrafts or undrawn loans) to cover three to four months (approximately one academic term) of normal expenditure.”
“Mr P Chandler became a Senior Non-Executive Member of Chapter at Durham Cathedral in September 2023. The College has leased Trinity Hall, Grove Street, Durham from the Cathedral for a number of years, with fifteen years remaining on this lease.” — page 34
“St Chad’s College (Trading) Limited is a 100% owned subsidiary company which is included in these consolidated accounts.” — page 8
Structured financials (annual return, FY ending 30/09/2025)
Register events
- Received assets from another charity (13/09/2016)
Trustees
- Alan Arthur Buckle
- Anne Allen
- Dr Margaret Jane Masson
- Dr Yvonne Gale
- Ellie Louise McKay
- JOHN PHILIP BIRKETT MARSHALL
- Joseph Bundy
- MARGARET LOUISE VAUGHAN
- Mulambo Mwambu Haimbe
- Paul Jonathan Woodgates
- Professor Richard Edwin Slack
- Professor Simon Jon Hackett
- Rev Canon Rosalind Brown
- Rev Oliver Jack Dempsey
- Rev Richard Kevin Springer
- Richard Mark Stables
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £4.2m | £3.6m |
| 30/09/2024 | £3.8m | £3.2m |
| 30/09/2023 | £3.5m | £2.8m |
| 30/09/2022 | £5.1m | £2.5m |
| 30/09/2021 | £2.3m | £2.3m |
Common questions
Is ST CHAD'S COLLEGE DURHAM financially healthy?
The accounts state that the charity ended the year with total net assets of £14,422,074, though this figure was significantly impacted by a £2,561,456 devaluation of its freehold property portfolio. While the charity reported a net income of £671,485, its free reserves were extremely low at £9,512, as the majority of its assets are tied up in buildings and restricted funds. The trustees maintain that the charity is well-placed to manage its business risks and has sufficient liquid assets and borrowing facilities to meet its reserves policy target of three to four months of normal expenditure. Its FY2023 accounts were audited by Haines Watts North East LLP.