THE NEW SCHOOL
An independent, non fee-paying progressive school for 4-16 year olds in South London.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net incoming resource surplus of £53,109 for the year ended 31 August 2025, with total income of £1,824,128 primarily derived from donations. Per the trustees' report, the charity holds free reserves of £352,191, which exceeds its stated policy target of holding at least one month’s expenditure of staff and rental costs (£94,500). The trustees and auditors have confirmed that the charity has adequate resources to continue as a going concern.
What the accounts disclose
“The principal source of income comes from donations accounting for 82.46% of the School’s income.” — page 8
“The Trustees policy is to hold at least one month’s expenditure of staff costs and rental costs (£94,500).” — page 9
“Donation income of £Nil (2024: £4,000) was received from M. Norbury, the Chair of Trustees.” — page 28
“Donation income of £15,000 (2024: £5,220) was received from other related parties.” — page 28
“Donation income of £Nil (2024: £4,000) was received from M. Norbury, the Chair of Trustees.” — page 28
“Donation income of £15,000 (2024: £5,220) was received from other related parties.” — page 28
Leadership, per the charity’s website
- Lucy Stephens — Founder
Structured financials (annual return, FY ending 31/08/2025)
Register events
- Received assets from another charity (07/01/2021)
Trustees
- Jason Tomlinsonchair
- Carol Khoury
- Dr Kate Gribble
- Hamish Lungany
- Iman Haji
- James John Malatras
- James Searjeant
- Kenneth Brezenoff
- LUCY BUDD
- Tim Howarth
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £1.8m | £1.8m |
| 31/08/2024 | £1.6m | £1.5m |
| 31/08/2023 | £1.3m | £1.2m |
| 31/08/2022 | £1.1m | £1.1m |
| 31/08/2021 | £344k | £244k |
Common questions
Is THE NEW SCHOOL financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net incoming resource surplus of £53,109 for the year ended 31 August 2025, with total income of £1,824,128 primarily derived from donations. Per the trustees' report, the charity holds free reserves of £352,191, which exceeds its stated policy target of holding at least one month’s expenditure of staff and rental costs (£94,500). The trustees and auditors have confirmed that the charity has adequate resources to continue as a going concern. Its FY2025 accounts were audited by Affinia (Orpington).
Who funds THE NEW SCHOOL?
Funders whose own accounts filings name THE NEW SCHOOL as a grant recipient include MAKE MY DAY BETTER LIMITED, THE ROWSE FAMILY TRUST, BIG CHANGE CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| MAKE MY DAY BETTER LIMITED | FY2025 | £1.2m | Education UK |
| MAKE MY DAY BETTER LIMITED | FY2022 | £850k | Education |
| MAKE MY DAY BETTER LIMITED | FY2024 | £463k | Education UK |
| THE ROWSE FAMILY TRUST | FY2022 | £256k | |
| BIG CHANGE CHARITABLE TRUST | FY2024 | £147k | |
| BIG CHANGE CHARITABLE TRUST | FY2025 | £17k | |
| BIG CHANGE CHARITABLE TRUST | FY2023 | £10k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CITY EDUCATIONAL TRUST FUND | 1 | £3.6m |
| UK CHRISTIAN SCHOOLS LTD | 1 | £66k |
| THE CATHERINE COOKSON CHARITABLE TRUST | 1 | £50k |
Charities like this
- NEWELLS SCHOOL TRUST LIMITED
- THE NEWCASTLE PREPARATORY SCHOOL TRUST LIMITED
- NEWLAND HOUSE SCHOOL TRUST LIMITED
- NEWCASTLE SCHOOL FOR BOYS
- LONDON CHRISTIAN SCHOOL LTD
- A NEW DIRECTION LONDON LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE NEW SCHOOL | £1.8m | — | 0 | unclear | — | no doubt |
| NEWELLS SCHOOL TRUST LIMITED | £9.0m | — | — | below | — | no doubt |
| THE NEWCASTLE PREPARATORY SCHOOL TRUST LIMITED | £3.5m | — | — | unclear | — | no doubt |
| NEWLAND HOUSE SCHOOL TRUST LIMITED | £6.7m | — | — | unclear | — | no doubt |
| NEWCASTLE SCHOOL FOR BOYS | £5.7m | — | — | below | — | material uncertainty |
| LONDON CHRISTIAN SCHOOL LTD | £1.6m | — | — | unclear | — | no doubt |