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WINDERMERE EDUCATIONAL TRUST LIMITED

Registered charity 526973 · accounts filings on the Charity Commission register · also known as ST ANNE'S SCHOOL EDUCATIONAL TRUST LIMITED, WINDERMERE PREPARATORY SCHOOL, WINDERMERE SCHOOL

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Latest income
£5.5m
Latest spending
£6.6m
Registered
1967
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the Trust reported a net loss of £274k for the year ended 31 August 2024, driven by a 10% fall in net fee income due to reduced pupil numbers. Per the trustees' report, the Trust holds free reserves of £1,612k but faces a material uncertainty regarding going concern due to net current liabilities of £2,393,613, which are expected to be resolved through an asset sale or refinancing.

What the accounts disclose

Reserves policy: reasonable cover for operating costs (held: £1.6m)
“The Trust has adopted a policy of maintaining free reserves at a level to provide reasonable cover for operating costs with any surplus to be re-invested into improvement of the estates and school facilities.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: material uncertainty disclosed
“We draw attention to note 1.2 in the financial statements, which states that as at 31 August 2024 the company had current liabilities of £2,393,613. As stated in note 1.2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Governor children received bursaries
“A Governor of the school had children who attended the school and were in receipt of a bursary. In the duration of office of the Governor those children received bursaries amounting to £27,585 (2023: £25,799) in line with bursary awards to other children.” — page 34
“A Governor of the school had a balance at the year end with the school under the fees in advance scheme amounting to £Nil (2023: £20,577). Discounts have been given from this scheme for the year totalling £302 (2023: £273).” — page 34
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Governor fees in advance scheme balance
“A Governor of the school had children who attended the school and were in receipt of a bursary. In the duration of office of the Governor those children received bursaries amounting to £27,585 (2023: £25,799) in line with bursary awards to other children.” — page 34
“A Governor of the school had a balance at the year end with the school under the fees in advance scheme amounting to £Nil (2023: £20,577). Discounts have been given from this scheme for the year totalling £302 (2023: £273).” — page 34
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by JS. Audit Limited. Discloses 4 of 6 completeness components.

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

Total income
£5.5m
Total spending
£6.6m
Cost of raising funds
£206k
Reserves (reported)
£0
Employees
112

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Cumbria

Income and spending

Financial year endIncomeSpending
31/08/2025£5.5m£6.6m
31/08/2024£6.5m£6.8m
31/08/2023£7.8m£7.0m
31/08/2022£6.4m£6.7m
31/08/2021£6.0m£6.1m

Common questions

Is WINDERMERE EDUCATIONAL TRUST LIMITED financially healthy?

The accounts state that the Trust reported a net loss of £274k for the year ended 31 August 2024, driven by a 10% fall in net fee income due to reduced pupil numbers. Per the trustees' report, the Trust holds free reserves of £1,612k but faces a material uncertainty regarding going concern due to net current liabilities of £2,393,613, which are expected to be resolved through an asset sale or refinancing. Its FY2024 accounts were audited by JS. Audit Limited.