CHEAM SCHOOL EDUCATIONAL TRUST
Financial health, per its FY2024 accounts
The accounts state that the Trust reported a net income surplus of £126,722 for the year ended 31 August 2024, with total unrestricted reserves of £11,780,172. The Trust remains debt-free and maintains positive free reserves of £757,095, which the Governors consider an indicator of strong financial health. The Trust has updated its reserves policy to seek a long-term target of £1,000,000 in free reserves to safeguard against market challenges such as the upcoming imposition of VAT on fees.
What the accounts disclose
“To seek to maintain positive free reserves with a long-term target to reach £1,000,000.” — page 9
“Three Governors have children at the School and pay fees in line with other parents (2023: Three). The Director of Finance & Operations has two children at the school (2023: two) and as part of his contract of employment receives staff fee remission in line with the School’s Fees Remission Policy. During the year ended 31 August 2024 the Headmaster’s wife, Ms Sophie Green, was employed by the School. Until her departure on that date, she also acted as the Clerk to the Board of Governors.” — page 27
“These financial statements include the results of the School’s subsidiary, Cheam Trading Limited.”
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Camilla Jane Hughes
- Claire Fiona Hamilton-Russell BA
- Elizabeth Anna Ackary Maurency
- James Edward Lenygon Dahl
- Peter Vance Allen
- Prubjyot Kaur Payne-Sahota MSc
- Robert William Harris
- Sir Mark John Harford
- Tara Reeve
- Yuet Yen Sum
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £9.0m | £8.5m |
| 31/08/2024 | £9.0m | £8.8m |
| 31/08/2023 | £8.8m | £7.9m |
| 31/08/2022 | £7.9m | £7.4m |
| 31/08/2021 | £7.2m | £7.1m |
Common questions
Is CHEAM SCHOOL EDUCATIONAL TRUST financially healthy?
The accounts state that the Trust reported a net income surplus of £126,722 for the year ended 31 August 2024, with total unrestricted reserves of £11,780,172. The Trust remains debt-free and maintains positive free reserves of £757,095, which the Governors consider an indicator of strong financial health. The Trust has updated its reserves policy to seek a long-term target of £1,000,000 in free reserves to safeguard against market challenges such as the upcoming imposition of VAT on fees. Its FY2024 accounts were audited by HaysMac LLP.
Who funds CHEAM SCHOOL EDUCATIONAL TRUST?
Funders whose own accounts filings name CHEAM SCHOOL EDUCATIONAL TRUST as a grant recipient include THE CHEAM FOUNDATION.
Shared trustees with funders
- Tara Reeve — trustee here and at THE CHEAM FOUNDATION
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE CHEAM FOUNDATION | FY2024 | £83k |
| THE CHEAM FOUNDATION | FY2024 | £10k |