THE CORPORATION OF ST LAWRENCE COLLEGE
To provide, maintain and promote sound Public School Education on a religious basis in accordance with the Scriptural and Evangelical doctrines and principles of the Church of England. Secondly, the advancement of education including the provision of boarding and/or day schooling for children of either or both sexes.
Financial health, per its FY2024 accounts
The accounts state that the Corporation reported an accounting deficit of £1,327,353 for the year ended 31 August 2024, which included non-cash depreciation charges of £984,358. Per the trustees' report, the College holds total reserves of £13.48m but does not technically hold any 'free reserves' after deducting restricted and designated funds, with a target level set at £2.5m.
What the accounts disclose
“the target level of Reserves for the College has been set at £2.5m, which represents three months’ worth of expenditure.” — page 19
“While the Governors have concluded that it is appropriate to prepare the financial statements on a going concern basis, they recognise that a material uncertainty exists which may cast significant doubt on the Group’s ability to continue as a going concern. This uncertainty relates to the Group’s ongoing reliance on continued support from its bankers, including access to further borrowing facilities, which have not yet been fully confirmed at the date of approval.” — page 20
“Two teachers and one Teaching Assistant are the spouses of Trustees / Key Management. Two support staff members are the children of Trustees/Key Management. These individuals are remunerated under the terms of normal employment offered to all staff, using the College’s pay scales.” — page 53
“The College’s wholly-owned trading subsidiary, St Lawrence College Enterprises, continued to trade well.” — page 15
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
- Dr Ellis Gill
- Dr Gavin Thomas Hamill
- Graham Carter FRICSFCABE
- JAMES STEWART LASLETT BAHONSFCMA
- Joanne Letby
- Malcolm Iliff
- Nicholas John Lawn
- Rev Peter Richard Russell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | — | — |
| 31/08/2024 | £12.0m | £13.3m |
| 31/08/2023 | £11.8m | £12.9m |
| 31/08/2022 | £17.0m | £11.2m |
| 31/08/2021 | £8.4m | £10.0m |
Common questions
Is THE CORPORATION OF ST LAWRENCE COLLEGE financially healthy?
Per its FY2024 accounts: The accounts state that the Corporation reported an accounting deficit of £1,327,353 for the year ended 31 August 2024, which included non-cash depreciation charges of £984,358. Per the trustees' report, the College holds total reserves of £13.48m but does not technically hold any 'free reserves' after deducting restricted and designated funds, with a target level set at £2.5m. Its FY2024 accounts were audited by UHY Hacker Young.
Who funds THE CORPORATION OF ST LAWRENCE COLLEGE?
Funders whose own accounts filings name THE CORPORATION OF ST LAWRENCE COLLEGE as a grant recipient include THE CHRISTOPHER LAING FOUNDATION, THE DJANOGLY FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE CHRISTOPHER LAING FOUNDATION | FY2023 | £250k | Sports hall appeal (25,000 per annum for two years) |
| THE CHRISTOPHER LAING FOUNDATION | FY2023 | £25k | Grant (2nd of 2) |
| THE DJANOGLY FOUNDATION | FY2023 | £10k | |
| THE DJANOGLY FOUNDATION | FY2022 | £9k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Y COLEG CYMRAEG CENEDLAETHOL | 1 | £757k |
| THE TIM HENMAN FOUNDATION | 1 | £5k |
Charities like this
- LANCING COLLEGE PREPARATORY SCHOOL AT WORTHING LIMITED
- ST LAWRENCE UNIVERSITY (USA) LONDON PROGRAMME
- ST MARY'S SCHOOL (COLCHESTER) LIMITED
- LANCING COLLEGE LIMITED
- ST CHRISTOPHER SCHOOL (LETCHWORTH) LIMITED
- LICHFIELD CATHEDRAL SCHOOL
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE CORPORATION OF ST LAWRENCE COLLEGE | £12.0m | — | — | unclear | — | material uncertainty |
| LANCING COLLEGE PREPARATORY SCHOOL AT WORTHING LIMITED | £2.5m | — | — | unclear | — | no doubt |
| ST LAWRENCE UNIVERSITY (USA) LONDON PROGRAMME | £931k | — | 0 | above | — | no doubt |
| ST MARY'S SCHOOL (COLCHESTER) LIMITED | £7.0m | £80,001 - £90,000 | — | unclear | — | no doubt |
| LANCING COLLEGE LIMITED | £33.0m | — | — | unclear | — | no doubt |
| ST CHRISTOPHER SCHOOL (LETCHWORTH) LIMITED | £10.3m | — | — | within | — | no doubt |