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TORMEAD LIMITED

Registered charity 312057 · accounts filings on the Charity Commission register

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Latest income
£15.5m
Latest spending
£15.5m
Registered
1963
Accounts read
FY2025

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

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” — page 31
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: three months of unrestricted expenditure (held: £19.0m)
“the governors have agreed the school should retain net current assets equivalent to at least 3 months’ salary costs.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: 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.
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by James Cowper Kreston Audit. Discloses 5 of 6 completeness components.

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

Total income
£15.5m
Total spending
£15.5m
Reserves (reported)
£2.5m
Employees
147

Reported reserves equal ~2.0 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: Surrey

Income and spending

Financial year endIncomeSpending
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?

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.