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THURLOW EDUCATIONAL TRUST

Registered charity 268482 · accounts filings on the Charity Commission register · also known as ROSEMEAD PREPARATORY SCHOOL, THURLOW EDUCATIONAL TRUST LIMITED · listed website unreachable when last crawled · filing overdue (register status)

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Latest income
£4.8m
Latest spending
£5.8m
Registered
1974
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity incurred a net loss of £980,034 for the year ended 31 August 2024, primarily due to a £900,082 impairment of property assets prior to transferring the business to St Dunstan’s Education Group. The trustees report that the company ceased trading and became dormant following the transfer on 1 September 2024, with financial statements prepared on a non-going concern basis. While retained reserves stood at £4,669,166, the trustees note a deficit in free reserves of £660,777 after deducting fixed assets.

What the accounts disclose

Highest-paid employee band: £120,001 - £130,000 — above the 90th percentile for charities its size (median £70k)
“In the band £120,001 - £130,000 1”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: no need to build up a free reserve (held: £4.7m)
“The Trustee and Governors consider that given the overall strength of the charity’s balance sheet, the stable cash flow and the transfer of the business to the St Dunstan’s Education Group from 1 September 2024, that there is no need to build up a free reserve.” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“As such the financial statements have been prepared on a basis other than the going concern basis.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: St Dunstan's Educational Foundation provided support services and charged costs on behalf of the Trust.
“St Dunstan’s Educational Foundation provided support services to the School and incurred costs on the School’s behalf during the year and charged £201,327 (2023: £82,338) and the balance owed is £283,665 (2022: £82,338). Two Governor’s had children who were pupils at the School during the year. School fees paid and discounts received were at the same rate and on the same terms as for all other parents of pupils at the school.” — page 29
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by RSM UK Audit LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2024)

Total income
£4.8m
Total spending
£5.8m
Cost of raising funds
£129k
Reserves (reported)
£4.7m
Employees
70

Reported reserves equal ~9.7 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Lambeth

Income and spending

Financial year endIncomeSpending
31/08/2025——
31/08/2024£4.8m£5.8m
31/08/2023£4.5m£5.0m
31/08/2022£4.4m£4.1m
31/08/2021£4.1m£3.8m

Common questions

Is THURLOW EDUCATIONAL TRUST financially healthy?

The accounts state that the charity incurred a net loss of £980,034 for the year ended 31 August 2024, primarily due to a £900,082 impairment of property assets prior to transferring the business to St Dunstan’s Education Group. The trustees report that the company ceased trading and became dormant following the transfer on 1 September 2024, with financial statements prepared on a non-going concern basis. While retained reserves stood at £4,669,166, the trustees note a deficit in free reserves of £660,777 after deducting fixed assets. Its FY2024 accounts were audited by RSM UK Audit LLP.

What does the highest-paid employee of THURLOW EDUCATIONAL TRUST earn?

Per its FY2024 accounts, the highest-paid employee was in the £120,001 - £130,000 band.