CROSFIELDS SCHOOL
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £742,236 for the year ended 31 August 2025, resulting in unrestricted general funds of £8,150,713. Per the trustees' report, the school maintains sufficient cash balances and reserves to meet its financial commitments and bank loan covenants, with no material uncertainties identified regarding its ability to continue as a going concern.
What the accounts disclose
“Board policy is to always maintain reserves, and accordingly balance sheet assets, to a level sufficient to meet the requirements of any external loan covenant requirements.”
“a liability of £73,623 (2024: 32,135) has been recognised in relation to this.”
“The school has a wholly owned trading subsidiary, Crosfields Enterprises Ltd” — page 18
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Sarah Louise Stocks-Wilsonchair
- COLIN JOHN HAYFIELD
- Deborah Battersby
- Elona Mortimer-Zhika
- Inderjit Singh Uppal
- Joe Sefton Jenkins
- Mark Turner
- Mark Wardrop
- Nicholas Anthony Shryane
- Richard Plumpton
- Sarah Zoe Brass
- Shashi Sachdeva
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £13.8m | £13.0m |
| 31/08/2024 | £13.2m | £13.2m |
| 31/08/2023 | £11.2m | £12.2m |
| 31/08/2022 | £9.5m | £9.7m |
| 31/08/2021 | £8.4m | £7.6m |
Common questions
Is CROSFIELDS SCHOOL financially healthy?
The accounts state that the charity reported a net surplus of £742,236 for the year ended 31 August 2025, resulting in unrestricted general funds of £8,150,713. Per the trustees' report, the school maintains sufficient cash balances and reserves to meet its financial commitments and bank loan covenants, with no material uncertainties identified regarding its ability to continue as a going concern. Its FY2025 accounts were audited by HaysMac LLP.