STORMONT SCHOOL
Stormont School is a day preparatory school for girls aged 4 - 11.
Financial health, per its FY2023 accounts
The accounts state that the charity generated a net surplus of £12,882 for the year ended 31 August 2023, returning to profitability after a deficit in the prior year. The trustees report that unrestricted funds total £3,135,275, with a designated School Buildings Fund of £2,492,473, while noting that reserves will fluctuate during periods of substantial investment. The financial statements are prepared on a basis other than going concern due to an impending merger with St Albans High School for Girls.
What the accounts disclose
“The School continues to have the ambition of achieving an annual surplus of 8%-10% of its total income” — page 9
“Accordingly the financial statements have been prepared on a basis other than going concern as described in note 1(l).” — page 12
“The School received £Nil (2022: £1,390) from the Stormont Parents' Association, which is a separately constituted organisation run by parents, in support of various activities at the School.” — page 30
Year-over-year changes
- Going concern: no going-concern doubt (FY2022) → not a going concern (FY2023).
Leadership, per the charity’s website
- Miss Louise Martin — Head
Structured financials (annual return, FY ending 31/08/2023)
Trustees
- ANDREW JAMES NEWLAND
- Gary Mahoney
- Henrietta Celia Hodgkiss
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | — | — |
| 31/08/2024 | — | — |
| 31/08/2023 | £2.1m | £2.1m |
| 31/08/2022 | £1.9m | £2.0m |
| 31/08/2021 | £2.1m | £2.1m |
Common questions
Is STORMONT SCHOOL financially healthy?
Per its FY2023 accounts: The accounts state that the charity generated a net surplus of £12,882 for the year ended 31 August 2023, returning to profitability after a deficit in the prior year. The trustees report that unrestricted funds total £3,135,275, with a designated School Buildings Fund of £2,492,473, while noting that reserves will fluctuate during periods of substantial investment. The financial statements are prepared on a basis other than going concern due to an impending merger with St Albans High School for Girls. Its FY2023 accounts were audited by Haysmacintyre LLP.
Charities like this
- ST EDMUND'S SCHOOL TRUST LIMITED
- THE NEWCASTLE PREPARATORY SCHOOL TRUST LIMITED
- ST.PETER'S SCHOOL, YORK
- ST MARY'S SCHOOL, HAMPSTEAD
- ST DOMINIC'S PRIORY SCHOOL (STONE)
- STANTON PARENTS AND UNDER FIVES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| STORMONT SCHOOL | £2.1m | — | — | above | — | not going concern |
| ST EDMUND'S SCHOOL TRUST LIMITED | £17.3m | £230,000 - £240,000 | — | above | — | no doubt |
| THE NEWCASTLE PREPARATORY SCHOOL TRUST LIMITED | £3.5m | — | — | unclear | — | no doubt |
| ST.PETER'S SCHOOL, YORK | £27.7m | — | 15 | unclear | — | no doubt |
| ST MARY'S SCHOOL, HAMPSTEAD | £4.5m | — | — | unclear | — | no doubt |
| ST DOMINIC'S PRIORY SCHOOL (STONE) | £3.1m | — | — | unclear | — | no doubt |