GREENFIELDS EDUCATIONAL TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure of £56,185 for the year, resulting in a decrease in total unrestricted funds from £5,094,273 to £5,038,087. The trustees' report notes that the increased cost of living has compounded post-year-end management results, with plans for possible cash injections to support future actions. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“There are no free reserves this year due to the capital improvements in the whole school during the year. The trustees intend to build up this reserve as pupil numbers increase, to have a realistic level of reserves for the future.” — page 4
“The increased cost of living has compounded the post year end management results, but plans are in place to address the effects of these matters to bring back previous years' results and then continue to improve with the options available. Plans for possible cash injections will further support the actions being undertaken.” — page 6
“Newgale Farm Cottages Limited is a subsidiary of the Trust established to manage the income from these properties.” — page 7
Structured financials (annual return, FY ending 31/08/2025)
Register events
- Received assets from another charity (08/07/2019)
Trustees
- PETER DAVID HODKINchair
- Alessandro Calcioli
- Susanne Lesley Rush
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £1.3m | £1.3m |
| 31/08/2024 | £2.0m | £2.4m |
| 31/08/2023 | £2.2m | £2.3m |
| 31/08/2022 | £2.0m | £1.9m |
| 31/08/2021 | £1.7m | £1.7m |
Common questions
Is GREENFIELDS EDUCATIONAL TRUST financially healthy?
The accounts state that the charity reported a net expenditure of £56,185 for the year, resulting in a decrease in total unrestricted funds from £5,094,273 to £5,038,087. The trustees' report notes that the increased cost of living has compounded post-year-end management results, with plans for possible cash injections to support future actions. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Manningtons.