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NORWOOD SCHOOLS LTD

Registered charity 307992 · accounts filings on the Charity Commission register · also known as NORWOOD

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Latest income
£32.7m
Latest spending
£31.1m
Registered
1962
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity achieved an operating surplus of £1.6m for the year ended 31 March 2025, driven by increased charitable activity income and parent company grants. However, the trustees report that free reserves of £4.9m remain below the stated policy target of three months' expenditure (£7.8m), with pro-forma reserves dropping to £1.9m due to planned strategic investments. The charity relies on statutory funding and parent company support to manage a persistent funding shortfall in adult social care costs.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“At 31 March 2025, the charity’s free reserves are below that target.” — page 17
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Norwood Schools Limited received income of £8,033,000 from Norwood Ravenswood.
“Norwood Schools Limited received income of £8,033,000 (2024: £5,300,000) from Norwood Ravenswood.” — page 41
“Norwood Schools Limited incurred expenditure of £1,241,000 (£2024: £3,725,000) on behalf of Norwood Ravenswood.” — page 41
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Norwood Schools Limited incurred expenditure of £1,241,000 on behalf of Norwood Ravenswood.
“Norwood Schools Limited received income of £8,033,000 (2024: £5,300,000) from Norwood Ravenswood.” — page 41
“Norwood Schools Limited incurred expenditure of £1,241,000 (£2024: £3,725,000) on behalf of Norwood Ravenswood.” — page 41
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Norwood Schools Limited paid £10,000 for expenditure on behalf of The Hope Charity.
“Norwood Schools Limited received income of £8,033,000 (2024: £5,300,000) from Norwood Ravenswood.” — page 41
“Norwood Schools Limited incurred expenditure of £1,241,000 (£2024: £3,725,000) on behalf of Norwood Ravenswood.” — page 41
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by HaysMac LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£32.7m
Total spending
£31.1m
Cost of raising funds
£331k
Reserves (reported)
£1.9m
Employees
684

Reported reserves equal ~0.7 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Trustees

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

Operates in: Throughout England

Income and spending

Financial year endIncomeSpending
31/03/2025£32.7m£31.1m
31/03/2024£29.8m£29.5m
31/03/2023£28.8m£28.4m
31/03/2022£29.1m£28.7m
31/03/2021£30.9m£30.1m

Common questions

Is NORWOOD SCHOOLS LTD financially healthy?

The accounts state that the charity achieved an operating surplus of £1.6m for the year ended 31 March 2025, driven by increased charitable activity income and parent company grants. However, the trustees report that free reserves of £4.9m remain below the stated policy target of three months' expenditure (£7.8m), with pro-forma reserves dropping to £1.9m due to planned strategic investments. The charity relies on statutory funding and parent company support to manage a persistent funding shortfall in adult social care costs. Its FY2025 accounts were audited by HaysMac LLP.