KING'S SCHOOL
Financial health, per its FY2023 accounts
The accounts state that the charity held unrestricted funds of £19,005,000, but free reserves after accounting for long-term bank borrowings and pension assets were negative at £810,000. This negative position is attributed to large capital projects that effectively turned free reserves into fixed assets, though the trustees plan to improve free reserves in the next period. The governors recognize the need to hold minimum reserves of £3 million, equivalent to one term's worth of costs.
What the accounts disclose
Leadership, per the charity’s website
- George Hartley — Headmaster
Funders the charity credits
- Investec
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Sandra Veritychair
- Andrew Bartley
- Andrew Bentley
- Anton Sullivan
- Charlotte Joy Gillies
- Deborah Leonard
- Dr Sunanda Roy Mahapatra
- Jamie Ian Christon
- Janet Helen Myers
- John Ebo
- Katie Mason
- Madeleine Maria Troy
- Michael Sayer
- Nicola Dowling
- The Very Reverend Dr Timothy Richard Stratford
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £17.8m | £16.6m |
| 31/08/2024 | £17.5m | £16.1m |
| 31/08/2023 | £16.4m | £14.7m |
| 31/08/2022 | £14.9m | £13.8m |
| 31/08/2021 | £14.3m | £13.1m |
Common questions
Is KING'S SCHOOL financially healthy?
The accounts state that the charity held unrestricted funds of £19,005,000, but free reserves after accounting for long-term bank borrowings and pension assets were negative at £810,000. This negative position is attributed to large capital projects that effectively turned free reserves into fixed assets, though the trustees plan to improve free reserves in the next period. The governors recognize the need to hold minimum reserves of £3 million, equivalent to one term's worth of costs. Its FY2023 accounts were audited by W R Partners.