TORMEAD LIMITED
An independent school advancing the education of girls from 4 to 18.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a small operating surplus for the year ended 31 August 2025, with unrestricted funds increasing by £38,962 to £19,026,636. The trustees note that despite financial headwinds including VAT introduction and loss of business rates relief, the school maintained healthy earnings before depreciation and amortisation (EBDA) and continued significant capital reinvestment. The charity's reserves policy requires retaining net current assets equivalent to at least three months' salary costs, a target which was met with net current assets of £2,540,999 against a three-month salary cost of £1,654,806.
What the accounts disclose
“In the band £160,001 - £170,000” — page 31
“the governors have agreed the school should retain net current assets equivalent to at least 3 months’ salary costs.”
“Three trustees have daughters attending the School, and pay fees in accordance with published rates. One trustee had a child in receipt of a 10% scholarship.” — page 39
Leadership, per the charity’s website
- Nicki Fry — Head of Prep
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- ANNE CULLUM
- Alexis Anne Cullen
- David John Munro
- Dr Katherine Jefferies
- Fiona Thompson
- John Watkins
- Matthew Howse
- Paul White
- Robert Bachan
- Rory Finnan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £15.5m | £15.5m |
| 31/08/2024 | £14.9m | £14.4m |
| 31/08/2023 | £13.9m | £12.7m |
| 31/08/2022 | £11.8m | £11.0m |
| 31/08/2021 | £10.6m | £9.7m |
Common questions
Is TORMEAD LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a small operating surplus for the year ended 31 August 2025, with unrestricted funds increasing by £38,962 to £19,026,636. The trustees note that despite financial headwinds including VAT introduction and loss of business rates relief, the school maintained healthy earnings before depreciation and amortisation (EBDA) and continued significant capital reinvestment. The charity's reserves policy requires retaining net current assets equivalent to at least three months' salary costs, a target which was met with net current assets of £2,540,999 against a three-month salary cost of £1,654,806. Its FY2025 accounts were audited by James Cowper Kreston Audit.
What does the highest-paid employee of TORMEAD LIMITED earn?
Per its FY2025 accounts, the highest-paid employee was in the £160,001 - £170,000 band.
Charities like this
- MEDESHAMSTEDE EDUCATION TRUST
- ST EDMUND'S SCHOOL TRUST LIMITED
- TALBOT HEATH SCHOOL TRUST LIMITED
- TRENT COLLEGE LIMITED
- ROEDEAN SCHOOL
- ARDINGLY COLLEGE LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| TORMEAD LIMITED | £15.5m | £160,001 - £170,000 | — | above | — | no doubt |
| MEDESHAMSTEDE EDUCATION TRUST | £1.7m | — | 0 | unclear | — | no doubt |
| ST EDMUND'S SCHOOL TRUST LIMITED | £17.3m | £230,000 - £240,000 | — | above | — | no doubt |
| TALBOT HEATH SCHOOL TRUST LIMITED | £8.1m | £100,001 - £110,000 | — | below | — | no doubt |
| TRENT COLLEGE LIMITED | £19.8m | — | — | unclear | — | no doubt |
| ROEDEAN SCHOOL | £22.3m | — | — | unclear | — | no doubt |