The Frances Johnstone Legacy Limited
The School Trust is incorporated as a Company Limited by guarantee and is a registered charity. The objects are set out in the Memorandum and Articles of Association and are stipulated to be both charitable and educational. Any surpluses are re-invested in the School. Currently the School accepts girls from the ages of 3+ to 11+ and boys from 3+ to 7+.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net movement in funds of (4,160,232) for the 17-month period, resulting in unrestricted funds of (4,185) at the end of the period. The Trustees' report notes that the school faced financial difficulties due to declining enrolment and increased costs, leading to a reliance on external financial support. The charity ceased educational activity following the sale of the school in December 2024.
What the accounts disclose
“The Trustees set a budget each year and monitored the level of reserves required to meet short term and medium term objectives including capital expenditure requirements.” — page 6
“The trustees have concluded that, as the current charitable company has ceased educational activity from 01 January 2025, they will not adopt a going concern basis of accounting in the preparation of the financial statements.” — page 6
“The Charitable Company purchased caretaking/grounds services of value £30,720 (2023: £32,900) from the partner of Z Logan (key management personnel). At 31 January 2025, £nil was outstanding (2023: £nil). The Charitable Company employs the wife of J Stanforth (a trustee).” — page 41
Year-over-year changes
- Going concern: not a going concern (FY2023) → going-concern doubt noted (FY2025).
Corporate structure
- Registered company of the charity Companies House 00623043
Company officers (Companies House)
- BOOTHROYD, John Allan on trustee list
- CLARK, James Lawther Fullerton on trustee list
- BREWSTER, Nicola Jane on trustee list
- BREWSTER, Nicola
Structured financials (annual return, FY ending 31/01/2025)
Trustees
- NICOLA BREWSTERchair
- JAMES LAWTHER FULLERTON CLARK
- John Allan Boothroyd
- NICOLA BREWSTER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £3.3m | £7.4m |
| 31/08/2023 | £2.9m | £3.2m |
| 31/08/2022 | £3.1m | £3.1m |
| 31/08/2021 | £2.8m | £2.7m |
| 31/08/2020 | £2.5m | £2.5m |
Common questions
Is The Frances Johnstone Legacy Limited financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net movement in funds of (4,160,232) for the 17-month period, resulting in unrestricted funds of (4,185) at the end of the period. The Trustees' report notes that the school faced financial difficulties due to declining enrolment and increased costs, leading to a reliance on external financial support. The charity ceased educational activity following the sale of the school in December 2024. Its FY2025 accounts were audited by MHA.
Charities like this
- The Gurukula Trust
- CASTLE HOUSE SCHOOL TRUST LIMITED
- THE ST ANDREW'S SCHOOL TRUST
- AYSGARTH SCHOOL TRUST LIMITED
- THE ROYAL GRAMMAR SCHOOL EDUCATIONAL TRUST
- ST. NICHOLAS' EDUCATIONAL TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| The Frances Johnstone Legacy Limited | £3.3m | — | — | below | — | noted |
| The Gurukula Trust | £248k | — | 0 | unclear | — | no doubt |
| CASTLE HOUSE SCHOOL TRUST LIMITED | £1.4m | — | — | unclear | — | no doubt |
| THE ST ANDREW'S SCHOOL TRUST | £2.2m | — | — | above | — | no doubt |
| AYSGARTH SCHOOL TRUST LIMITED | £4.9m | — | 0 | unclear | — | not going concern |
| THE ROYAL GRAMMAR SCHOOL EDUCATIONAL TRUST | £3.1m | — | 0 | above | — | not going concern |