Charity Accounts Intelreading the accounts so you don’t have to

THE VERNON EDUCATIONAL TRUST LIMITED

Registered charity 269433 · accounts filings on the Charity Commission register · also known as DANES HILL SCHOOL, DAVIES'S EDUCATIONAL SERVICES LIMITED

Get email alerts for this charity

Latest income
£13.5m
Latest spending
£15.2m
Registered
1975
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the Trust reported a deficit of £1.730m for the year ended 31 August 2025, a deterioration from the previous year's deficit of £0.739m, driven by the introduction of VAT on fees and increased costs. Despite the deficit, the Trust holds total unrestricted reserves of £32.9m and free reserves of £6.35m, which the trustees consider sufficient to meet short-term operational needs and future development. The trustees and auditors confirm that the Trust is a going concern with no material uncertainties regarding its ability to continue operations.

What the accounts disclose

Highest-paid employee band: £140,001 - £150,000 — above the median for charities its size (£125k)
“In the band £140,001 - £150,000 1”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: one term's worth of operating expenditure, approximately £4m (held: £6.3m)
“The Trust’s policy is to ring-fence one term’s worth of operating expenditure, approximately £4m, as working capital reserves.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Persons connected to members of the Senior Management team are remunerated for roles in the School. Total remuneration in the year was £76k (2024 -: £Nil).
“Persons connected to members of the Senior Management team are remunerated for roles in the School. Total remuneration in the year was £76k (2024 -: £Nil). There are no further related party transactions that require disclosure.” — page 54
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Danes Hill Trading Limited, Brinlay Limited
“The Trust has two wholly owned non-charitable subsidiaries, Danes Hill Trading Limited and Brinlay Limited, both of which are currently dormant.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2025)

Total income
£13.5m
Total spending
£15.2m
Cost of raising funds
£200k
Reserves (reported)
£33.0m
Employees
147

Reported reserves equal ~26.0 months of spending — in the top quarter for charities its size (median 4.6 months; benchmarks).

Trustees

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

Operates in: Surrey

Income and spending

Financial year endIncomeSpending
31/08/2025£13.5m£15.2m
31/08/2024£13.6m£14.3m
31/08/2023£13.9m£14.2m
31/08/2022£13.7m£14.8m
31/08/2021£13.9m£13.2m

Common questions

Is THE VERNON EDUCATIONAL TRUST LIMITED financially healthy?

The accounts state that the Trust reported a deficit of £1.730m for the year ended 31 August 2025, a deterioration from the previous year's deficit of £0.739m, driven by the introduction of VAT on fees and increased costs. Despite the deficit, the Trust holds total unrestricted reserves of £32.9m and free reserves of £6.35m, which the trustees consider sufficient to meet short-term operational needs and future development. The trustees and auditors confirm that the Trust is a going concern with no material uncertainties regarding its ability to continue operations. Its FY2025 accounts were audited by Crowe U.K. LLP.

What does the highest-paid employee of THE VERNON EDUCATIONAL TRUST LIMITED earn?

Per its FY2025 accounts, the highest-paid employee was in the £140,001 - £150,000 band.