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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 · filing overdue (register status)

Provision of education to children from as wide a cross-section of the local community as possible.

Causes: Education/training · Get email alerts

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

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: accounts NOT prepared on a going-concern basis (closing, merging or winding up)
“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 4 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).

Per its annual return, largest income source: Charitable activities (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 2.7% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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?

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. 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.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE JERUSALEM TRUST1£50k
THE SIMON GIBSON CHARITABLE TRUST1£15k
THE S M B TRUST1£10k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, CHORLEYWOOD1£10k
THE ASHBURNHAM THANKSGIVING TRUST1£10k
CROXLEY GREEN BAPTIST CHURCH1£8k
St Andrews Chorleywood PCC1£4k
WESTBOURNE PARK BAPTIST CHURCH1£1k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THISTLEDOWN EDUCATION TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THURLOW EDUCATIONAL TRUST£4.8m£120,001 - £130,000—unclear—not going concern
THISTLEDOWN EDUCATION TRUST FY2025£2.1m—0unclear—no doubt
KINGSHOTT SCHOOL TRUST LIMITED FY2024£4.9m——below—not going concern
Town Close Educational Trust Ltd FY2025£6.2m£110,001 - £120,000—below—no doubt
THURMASTON EDUCATIONAL TRUST FY2025£636k—0above—no doubt
LONDON SCHOOL OF THEOLOGY FY2025£2.8m£80,001 - £90,0004above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.