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NEWELLS SCHOOL TRUST LIMITED

Registered charity 307038 · accounts filings on the Charity Commission register · also known as HANDCROSS PARK SCHOOL

Education of children from age 2 years to 13 years of age.

Causes: Education/training · website · Get email alerts

Latest income
£9.0m
Latest spending
£8.8m
Registered
1969
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a surplus of £268k for the year ended 31 July 2025, supported by strong pupil numbers and tight cost control. However, the charity operates with negative free reserves of £439k, as its total unrestricted funds of £5,022k are wholly represented by fixed assets. The trustees and auditors confirm that cash reserves are adequate to meet obligations and that the going concern basis of accounting is appropriate.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £5.0m)
“Free reserves, defined as total unrestricted funds having eliminated the net book value of unrestricted fixed assets, are a deficit of (£439k) (2024: (£1,258k)).” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Amount owed by Trading Subsidiary
“At the balance sheet date an amount of £70k (2024: £131k) was owed to the School by Handcross Park Commercial Services Ltd in relation to historic intercompany trading activities.” — page 24
“The School has obtained Governors indemnity insurance cover within the Brighton College Group Policy.” — page 24
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Governors Indemnity Insurance
“At the balance sheet date an amount of £70k (2024: £131k) was owed to the School by Handcross Park Commercial Services Ltd in relation to historic intercompany trading activities.” — page 24
“The School has obtained Governors indemnity insurance cover within the Brighton College Group Policy.” — page 24
Per its FY2025 accounts as filed with the Charity Commission.
Pension scheme deficit: £39.8m
“The Valuation Report shows notional assets of £222.2bn and liabilities of £262bn, resulting in a scheme deficit of £39.8bn.”
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Handcross Park Commercial Services Limited
“It has 100% ownership of a subsidiary: Handcross Park Commercial Services Limited which incorporates all the commercial trading activities of the School”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by HaysMac LLP. Discloses 3 of 6 completeness components.

Property (HM Land Registry)

4 registered titles in England and Wales held by the charity’s company or corporate body (4 freehold); recorded price paid £373k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/07/2025)

Total income
£9.0m
Total spending
£8.8m
Cost of raising funds
£27k
Reserves (reported)
£5.0m
Employees
135

Reported reserves equal ~6.9 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (98% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.3% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: West Sussex

Income and spending

Financial year endIncomeSpending
31/07/2025£9.0m£8.8m
31/07/2024£8.2m£7.7m
31/07/2023£7.4m£7.0m
31/07/2022£6.7m£6.4m
31/07/2021£5.8m£5.6m

Common questions

Is NEWELLS SCHOOL TRUST LIMITED financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a surplus of £268k for the year ended 31 July 2025, supported by strong pupil numbers and tight cost control. However, the charity operates with negative free reserves of £439k, as its total unrestricted funds of £5,022k are wholly represented by fixed assets. The trustees and auditors confirm that cash reserves are adequate to meet obligations and that the going concern basis of accounting is appropriate. Its FY2025 accounts were audited by HaysMac LLP.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
MAKE MY DAY BETTER LIMITED1£2.5m
THE WELLINGTON SCHOOL FOUNDATION1£454k
THE ROWSE FAMILY TRUST1£256k
BIG CHANGE CHARITABLE TRUST1£174k
THE COPPING JOYCE FOUNDATION1£173k
BEAULAND LIMITED1£101k
THE CATHERINE COOKSON CHARITABLE TRUST1£50k
THE JMCMRJ SORRELL FOUNDATION1£25k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE NEWCASTLE PREPARATORY SCHOOL TRUST LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
NEWELLS SCHOOL TRUST LIMITED£9.0m——below—no doubt
THE NEWCASTLE PREPARATORY SCHOOL TRUST LIMITED FY2025£3.5m——unclear—no doubt
NEWLAND HOUSE SCHOOL TRUST LIMITED FY2025£6.7m——unclear—no doubt
THE NEW SCHOOL FY2025£1.8m—0unclear—no doubt
NEWCASTLE SCHOOL FOR BOYS FY2025£5.7m——below—material uncertainty
THE NEW GIRLS SCHOOL FY2025£1.9mUnder £60,0000unclear—noted

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.