CLAYESMORE SCHOOL
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit of £884,086 for the year ended 31 August 2024, resulting in total free reserves of £8,123,259. The trustees have determined that the financial statements must be prepared on a basis other than going concern because the school's trade, assets, and liabilities are being transferred to the Inspired Learning Group on 1 September 2025.
What the accounts disclose
“The School’s policy is to invest any surplus generated from the running of the School in developing the buildings, equipment and resources of the School.” — page 9
“As the charity will be ceasing to trade as a school on 1 September 2025 the financial statements have been prepared on a basis other than going concern.” — page 15
Leadership, per the charity’s website
- Rob Lane — Head of Clayesmore
Structured financials (annual return, FY ending 08/09/2025)
Trustees
- Nilesh Patel
- Sanjeev Shah
- Steven Richards
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 08/09/2025 | £14.8m | £15.5m |
| 31/08/2024 | £14.5m | £15.4m |
| 31/08/2023 | £14.3m | £14.2m |
| 31/08/2022 | £14.6m | £14.2m |
| 31/08/2021 | £13.1m | £13.0m |
Common questions
Is CLAYESMORE SCHOOL financially healthy?
The accounts state that the charity reported a deficit of £884,086 for the year ended 31 August 2024, resulting in total free reserves of £8,123,259. The trustees have determined that the financial statements must be prepared on a basis other than going concern because the school's trade, assets, and liabilities are being transferred to the Inspired Learning Group on 1 September 2025. Its FY2024 accounts were audited by Fawcetts LLP.