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Northeastern University - London

Registered charity 1189858 · accounts filings on the Charity Commission register · also known as NCH AT NORTHEASTERN LIMITED, NEW COLLEGE OF THE HUMANITIES

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Latest income
£108.1m
Latest spending
£77.3m
Registered
2020
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a total income of £108.1m and a surplus of £30.8m for the year ended 30 June 2025. However, the unrestricted general reserves are negative at £18.1m, which is £33.1m below the lower end of the stated target range of £15m to £25m. Per the trustees' report, the charity remains reliant on continued grant support from its parent entity, Northeastern University, to meet its working capital requirements until it achieves financial self-sufficiency.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“the general reserve position after these adjustments is £(18.1)m (2024 (£8.8m)), £33.1m short of the lower range in our target.”
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The Trustees have a reasonable expectation that the University has sufficient resources and support from its parent, Northeastern University in Boston to continue in operational existence for the foreseeable future and it remains appropriate to prepare their financial statements on a going concern basis.” — page 16
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: R Farquharson (Trustee and CEO) received a basic salary of £250,255 including a bonus of £42,291.
“In accordance with the Articles of Association, the CEO (Head of the Provider for the whole year) R Farquharson, received a basic salary of £250,255 during the year (including a bonus of £42,291)” — page 36
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Parent company grants and intercompany transactions
“The University received £93.9m from its parent company during 24/25. £50.9m for UG mobility provision, £2.8m for Research Grants, £7m working Capital Grant, £32m Capital Grant and £1.2m for other services.” — page 42
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 30/06/2025)

Total income
£108.1m
Total spending
£77.3m
Reserves (reported)
£36.1m
Employees
477

Reported reserves equal ~5.6 months of spending — above the median for charities its size (median 2.7 months; benchmarks).

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Trustees

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
30/06/2025£108.1m£77.3m
30/06/2024£62.6m£57.7m
30/06/2023£44.2m£35.5m
30/06/2022£23.6m£21.5m
30/06/2021£19.2m£13.9m

Common questions

Is Northeastern University - London financially healthy?

The accounts state that the charity reported a total income of £108.1m and a surplus of £30.8m for the year ended 30 June 2025. However, the unrestricted general reserves are negative at £18.1m, which is £33.1m below the lower end of the stated target range of £15m to £25m. Per the trustees' report, the charity remains reliant on continued grant support from its parent entity, Northeastern University, to meet its working capital requirements until it achieves financial self-sufficiency. Its FY2025 accounts were audited by Crowe U.K. LLP.