HOLY CROSS PREPARATORY SCHOOL KINGSTON
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income surplus of £677,936 for the year ended 31 August 2024, resulting in total unrestricted free reserves of £1,846,371. The trustees confirm that these reserves are consistent with their stated policy target of three months of total expenditure, which amounts to £1.2 million. Per the independent auditor's report, there are no material uncertainties related to the charity's ability to continue as a going concern.
What the accounts disclose
“In the trustees’ opinion, the current prudent level of reserves is the equivalent of three months of total expenditure incurred in the previous financial year. For financial year 2023-24 that amounts to £1.2million.” — page 19
“During the period £250,000 was received from Sisters of the Holy Cross CIO as donations.” — page 46
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Andrew Steet
- Beverley Brown
- CHRISTOPHER DALEY
- Io Epstein
- KIERON LYNCH
- Mary Kathleen Hayes
- Russell Hanna
- SISTER MARGARET DONOVAN
- Sarah Hair
- Sister Ursula Eberhardt Sr
- Stephen Lehec
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £5.6m | £5.1m |
| 31/08/2024 | £5.7m | £5.0m |
| 31/08/2023 | £4.0m | £2.7m |
Common questions
Is HOLY CROSS PREPARATORY SCHOOL KINGSTON financially healthy?
The accounts state that the charity reported a net income surplus of £677,936 for the year ended 31 August 2024, resulting in total unrestricted free reserves of £1,846,371. The trustees confirm that these reserves are consistent with their stated policy target of three months of total expenditure, which amounts to £1.2 million. Per the independent auditor's report, there are no material uncertainties related to the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Buzzacott Audit LLP.