THE NORTHERN COLLEGE FOR RESIDENTIAL ADULT EDUCATION LIMITED
Financial health, per its FY2025 accounts
The accounts state that the College generated an operating surplus of £188k and holds unrestricted reserves of £3,649k with no borrowings. However, the trustees report a material uncertainty regarding the College's ability to continue as a going concern due to ongoing merger discussions with Barnsley College which have not yet been formally agreed.
What the accounts disclose
“However, as the College is in the process of merger discussions with Barnsley College, in which due diligence is currently ongoing and the merger is not yet been formally agreed and signed off by the Secretary of State, but the Board has a reasonable expectation that it will go ahead, this creates a material uncertainty that may cast significant doubt on the college’s ability to continue as a going concern.” — page 44
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- David Akeroyd
- Laila Lawton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £4.7m | £4.5m |
| 31/07/2024 | £4.4m | £4.2m |
| 31/07/2023 | £3.8m | £4.2m |
| 31/07/2022 | £3.3m | £5.1m |
| 31/07/2021 | £4.6m | £4.9m |
Common questions
Is THE NORTHERN COLLEGE FOR RESIDENTIAL ADULT EDUCATION LIMITED financially healthy?
The accounts state that the College generated an operating surplus of £188k and holds unrestricted reserves of £3,649k with no borrowings. However, the trustees report a material uncertainty regarding the College's ability to continue as a going concern due to ongoing merger discussions with Barnsley College which have not yet been formally agreed. Its FY2025 accounts were audited by RSM UK Audit LLP.