NEWCASTLE SCHOOL FOR BOYS
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net outgoing resource of £302,095 for the year, drawing on prior reserves to shield families from rising costs. Per the trustees' report, free reserves were negative at £346,879, and the auditor identified a material uncertainty regarding the charity's ability to continue as a going concern due to potential cash shortfalls beyond the initial 12-month period.
What the accounts disclose
“The free reserves as at 31 August 2025 were (£346,879)” — page 10
“As stated in Note 1, this indicates that a material uncertainty exists that may cast significant doubt on the charitable company’s ability to continue as a going concern.”
“This has prompted a full review of compliance and operational procedures. The process will now prioritise key areas of risk including Regulatory, Governance, Educational, Financial, and Reputational domains, ensuring that the School is well-positioned to navigate future challenges with resilience and strategic clarity.”
“The Valuation Report shows notional assets of £222.2bn and liabilities of £262bn, resulting in a scheme deficit of £39.8bn.” — page 35
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- TIMOTHY JAMES CAREchair
- Claire King
- Dr NEIL DANIEL LLOYD JONES
- Susan Claire Melbourne
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £5.7m | £6.0m |
| 31/08/2024 | £5.9m | £5.9m |
| 31/08/2023 | £5.4m | £5.4m |
| 31/08/2022 | £4.8m | £4.7m |
| 31/08/2021 | £4.4m | £4.3m |
Common questions
Is NEWCASTLE SCHOOL FOR BOYS financially healthy?
The accounts state that the charity reported a net outgoing resource of £302,095 for the year, drawing on prior reserves to shield families from rising costs. Per the trustees' report, free reserves were negative at £346,879, and the auditor identified a material uncertainty regarding the charity's ability to continue as a going concern due to potential cash shortfalls beyond the initial 12-month period. Its FY2025 accounts were audited by Azets Audit Services.