Charity Accounts Intelreading the accounts so you don’t have to

WEMBLEY EDUCATIONAL CHARITABLE TRUST

Registered charity 1153762 · accounts filings on the Charity Commission register

Get email alerts for this charity

Latest income
£2.8m
Latest spending
£2.9m
Registered
2013
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total funds decreased to £7,620,000 from £7,793,000 in the prior year, driven by a net expenditure of £173,000 which included a significant £1,299,000 impairment charge on programme-related investments. Free reserves stood at £1,622,000, representing approximately 1.5 times the net operating income, a level the trustees consider adequate to meet liabilities as they fall due. The charity remains dependent on rental income from tenant schools, with the financial situation of Lycée Churchill described as fragile due to declining enrolments and economic pressures.

What the accounts disclose

Reserves policy: sufficient funds for capital projects and the running of the charity, including the servicing of bank finance... sufficient to enable the charity to operate in the current downgraded economic situation (held: £1.6m)
“The trustees regularly monitor the cash position of the charity to ensure that there are sufficient funds for capital projects and the running of the charity, including the servicing of bank finance. In particular, at the current time, the reserves need to be sufficient to enable the charity to operate in the current downgraded economic situation.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Buzzacott Audit LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.8m
Total spending
£2.9m
Reserves (reported)
£1.6m
Employees
0

Reported reserves equal ~6.6 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
31/12/2024£2.8m£2.9m
31/12/2023£2.8m£2.1m
31/12/2022£3.1m£3.0m
31/12/2021£3.2m£6.0m
31/12/2020£2.8m£2.8m

Common questions

Is WEMBLEY EDUCATIONAL CHARITABLE TRUST financially healthy?

The accounts state that total funds decreased to £7,620,000 from £7,793,000 in the prior year, driven by a net expenditure of £173,000 which included a significant £1,299,000 impairment charge on programme-related investments. Free reserves stood at £1,622,000, representing approximately 1.5 times the net operating income, a level the trustees consider adequate to meet liabilities as they fall due. The charity remains dependent on rental income from tenant schools, with the financial situation of Lycée Churchill described as fragile due to declining enrolments and economic pressures. Its FY2024 accounts were audited by Buzzacott Audit LLP.