LEICESTER GRAMMAR SCHOOL TRUST
Financial health, per its FY2023 accounts
The Trust reported a surplus of £1,617,628 for the year ended 31 July 2023, with total income increasing to £21,424,544. The charity holds significant unrestricted reserves of £16,893,258, which exceeds its stated policy target of holding a minimum of £2m in cash balances. The trustees and auditors confirmed the Trust has adequate resources to continue as a going concern.
What the accounts disclose
“The policy was revised in 2019-20 such that the Trust aims to hold a minimum of £2m (cash balances) at all times.”
“The Trust has a wholly owned subsidiary company, LGS Enterprises Limited. This company undertakes commercial activities in order to generate funds to gift to Leicester Grammar School Trust.” — page 13
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Dr Deenesh KHOOSAL
- Dr Rohan Saigal
- Dr Venkatraman Sankara Raman
- Duncan Comrie GREEN
- Michael John HOLLEY
- Mukesh Ratilal Bulsara
- Neetal Popat
- Nils Feldmann
- Venerable Richard John Trethewey
- William Giles Davis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £235.7m | £23.2m |
| 31/07/2024 | £23.5m | £22.3m |
| 31/07/2023 | £21.4m | £19.8m |
| 31/07/2022 | £19.4m | £18.2m |
| 31/07/2021 | £18.2m | £17.1m |
Common questions
Is LEICESTER GRAMMAR SCHOOL TRUST financially healthy?
The Trust reported a surplus of £1,617,628 for the year ended 31 July 2023, with total income increasing to £21,424,544. The charity holds significant unrestricted reserves of £16,893,258, which exceeds its stated policy target of holding a minimum of £2m in cash balances. The trustees and auditors confirmed the Trust has adequate resources to continue as a going concern. Its FY2023 accounts were audited by Moore Kingston Smith LLP.