NORTHAMPTONSHIRE INDEPENDENT GRAMMAR SCHOOL CHARITY TRUST LIMITED
Northamptonshire Independent Grammar School Charity Trust's aim as an educational charity for children is to benefit the public by providing a first class education independent of the State system. We aim for the highest quality of academic tuition and the development of wider sporting, artistic and social skills in all our pupils.
Financial health, per its FY2024 accounts
The accounts state that the charity posted a deficit of £204,512 for the year, reducing unrestricted reserves to £4,514,726. The auditors have identified a material uncertainty regarding the charity's ability to continue as a going concern due to a significant bank loan due for renewal, although the trustees maintain they have adequate resources for the foreseeable future.
What the accounts disclose
“The Trustees consider that the School should hold minimum free reserves of two months’ expenditure” — page 9
“These events or conditions, along with other matters as set forth in the Trustees’ Report, indicate that a material uncertainty exists that may cast significant doubt on the charitable company's ability to continue as a going concern.”
“One Governor paid normal school fees (less discount) for two children being educated at the school.” — page 30
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → material uncertainty (FY2024).
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/08/2024)
Trustees
- ANDREW KENNETH JOHNSTONE MOODIE BA
- JOHN WEITZEL
- James Brown
- Johann Kastern
- Simon Paul Phipps
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | — | — |
| 31/08/2024 | £4.3m | £4.5m |
| 31/08/2023 | £3.7m | £3.7m |
| 31/08/2022 | £3.6m | £3.4m |
| 31/08/2021 | £3.4m | £3.2m |
Common questions
Is NORTHAMPTONSHIRE INDEPENDENT GRAMMAR SCHOOL CHARITY TRUST LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity posted a deficit of £204,512 for the year, reducing unrestricted reserves to £4,514,726. The auditors have identified a material uncertainty regarding the charity's ability to continue as a going concern due to a significant bank loan due for renewal, although the trustees maintain they have adequate resources for the foreseeable future. Its FY2024 accounts were audited by Infinitas Accountants Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE REECE FOUNDATION | 1 | £90k |
| THE ROTHLEY TRUST | 1 | £5k |
Charities like this
- LEICESTERSHIRE INDEPENDENT EDUCATIONAL TRUST
- NORTHAMPTON OLD GRAMMAR SCHOOL FOUNDATION
- THE NORTHUMBRIAN EDUCATIONAL TRUST LTD
- THE ROYAL GRAMMAR SCHOOL EDUCATIONAL TRUST
- LEICESTER GRAMMAR SCHOOL TRUST
- THE ST ANDREW'S SCHOOL TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NORTHAMPTONSHIRE INDEPENDENT GRAMMAR SCHOOL CHARITY TRUST LIMITED | £4.3m | — | — | above | — | material uncertainty |
| LEICESTERSHIRE INDEPENDENT EDUCATIONAL TRUST | £7.2m | — | — | below | — | no doubt |
| NORTHAMPTON OLD GRAMMAR SCHOOL FOUNDATION | £395k | — | 0 | unclear | — | no doubt |
| THE NORTHUMBRIAN EDUCATIONAL TRUST LTD | £2.9m | — | — | below | — | not going concern |
| THE ROYAL GRAMMAR SCHOOL EDUCATIONAL TRUST | £3.1m | — | 0 | above | — | not going concern |
| LEICESTER GRAMMAR SCHOOL TRUST | £235.7m | £190,001 - £200,000 | — | unclear | — | no doubt |