DEESIDE HOUSE EDUCATIONAL TRUST LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £123,763 for the year ended 31 August 2024, with unrestricted reserves standing at £6,410,461. The trustees confirmed that the charity has adequate resources to continue in operational existence, adopting the going concern basis without any material uncertainties. Free reserves, after deducting designated capital funds, were £762,720, reflecting a policy to invest available resources in the development of learning and teaching facilities.
What the accounts disclose
“It is the policy of the Board to invest all available resources in the development of the learning and teaching facilities at Abbey Gate College while exercising prudent financial management having regard to the future needs of the College.” — page 17
“During the year, eight family relatives of four Directors attended the college (2023: two children of two Directors and two grandchildren of one other Director). Fee discounts are awarded on the same basis as available to other parents.” — page 45
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Gareth Leechair
- Canon Rosie Woodall
- Damian Stenhouse
- Emma Alleyn Bunting
- James Brown
- James Goddard
- John Andrew Chadwick
- Lynne Horner
- Valerie Bounds
- Vanessa Nathalie Mary Brodie
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £7.8m | £7.7m |
| 31/08/2024 | £7.7m | £7.6m |
| 31/08/2023 | £7.4m | £7.2m |
| 31/08/2022 | £6.7m | £6.6m |
| 31/08/2021 | £6.4m | £6.0m |
Common questions
Is DEESIDE HOUSE EDUCATIONAL TRUST LIMITED financially healthy?
The accounts state that the charity reported a surplus of £123,763 for the year ended 31 August 2024, with unrestricted reserves standing at £6,410,461. The trustees confirmed that the charity has adequate resources to continue in operational existence, adopting the going concern basis without any material uncertainties. Free reserves, after deducting designated capital funds, were £762,720, reflecting a policy to invest available resources in the development of learning and teaching facilities. Its FY2024 accounts were audited by WR Partners.