PANGBOURNE COLLEGE LIMITED

Registered charity 309096 · accounts filings on the Charity Commission register · also known as DEVITT AND MOORE NAUTICAL COLLEGE LIMITED, PANGBOURNE COLLEGE

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Latest income
£12.6m
Latest spending
£12.7m
Registered
1963
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a pre-depreciation surplus of £267k for the year ended 31 August 2025, with unrestricted funds standing at £14,171,715. The trustees maintain a reserves policy requiring £2.5m in cash to be ring-fenced, which is described as sufficient to cover three months' running costs. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

What the accounts disclose

Highest-paid employee band: £160,001 - £170,000 — in the top quarter for charities its size (median £125k)
In the band £160,001 - £170,000 1
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: three months of unrestricted expenditure (held: £2.5m)
The Governors policy is to require cash of £2.5m to be ring fenced in a separate bank account and outside of cash available for the day to day working capital. This cash reserve is sufficient to cover three month’s running costs or two years' worth of bank loan repayments. — page 10
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Close relatives of Key Management Personnel received salaries.
Close members of the Key Management Personnel's family (noted on page 1) are paid a total salary of £131,289 (2024: £116,110). The wife of one of the Governor’s also has her salary included within this total. — page 48
Governor donations to the School totalled £3,245 in the year. — page 48
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Governors made donations to the school.
Close members of the Key Management Personnel's family (noted on page 1) are paid a total salary of £131,289 (2024: £116,110). The wife of one of the Governor’s also has her salary included within this total. — page 48
Governor donations to the School totalled £3,245 in the year. — page 48
Per its FY2025 accounts as filed with the Charity Commission.
Pension scheme deficit: £13k
The present value at 31 August 2024 of future commitments relating to the deficit contributions has been calculated as £12,615 (2024: £3,056).
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Pangbourne College Enterprises Limited
The charitable company has a wholly owned non-charitable subsidiary, Pangbourne College Enterprises Limited, whose activities and trading performance are discussed below. — page 7
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2025)

Total income
£12.6m
Total spending
£12.7m
Cost of raising funds
£216k
Reserves (reported)
£2.5m
Employees
125

Reported reserves equal ~2.3 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Trustees

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

Operates in: West Berkshire

Income and spending

Financial year endIncomeSpending
31/08/2025£12.6m£12.7m
31/08/2024£14.0m£13.2m
31/08/2023£13.3m£12.7m
31/08/2022£12.3m£11.6m
31/08/2021£11.1m£9.9m

Common questions

Is PANGBOURNE COLLEGE LIMITED financially healthy?

The accounts state that the charity reported a pre-depreciation surplus of £267k for the year ended 31 August 2025, with unrestricted funds standing at £14,171,715. The trustees maintain a reserves policy requiring £2.5m in cash to be ring-fenced, which is described as sufficient to cover three months' running costs. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Crowe U.K. LLP.

What does the highest-paid employee of PANGBOURNE COLLEGE LIMITED earn?

Per its FY2025 accounts, the highest-paid employee was in the £160,001 - £170,000 band.