WINDERMERE EDUCATIONAL TRUST LIMITED
Windermere Educational Trust Limited operates an Independent Boarding Preparatory and Senior School offering education to children aged 3 to 18.
Financial health, per its FY2025 accounts
The accounts state that the Trust reported a net deficit for the year and held net current liabilities of £4,304,121, leading the auditor to identify a material uncertainty regarding its ability to continue as a going concern. Despite these financial pressures, the Governors have prepared the accounts on a going concern basis, citing recent property sales and refinancing as mitigating factors. The Trust's free reserves decreased significantly to £579k, which is below the previous year's level, though the specific policy target for reserves is not quantified in monetary terms.
What the accounts disclose
“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 12
“As stated in note 1.3, 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 15
“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 £29,571 (2024: £27,585) in line with bursary awards to other children.” — page 35
“A Governor of the school had grandchildren 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 £12,500 (2024: £13,823) in line with bursary awards to other children.” — page 35
“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 £29,571 (2024: £27,585) in line with bursary awards to other children.” — page 35
“A Governor of the school had grandchildren 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 £12,500 (2024: £13,823) in line with bursary awards to other children.” — page 35
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Michael Anthony Hunterchair
- Cheryl Cox
- Claire Logan Stephens
- Claire McKeever
- Graham Hoyle
- LEO HOULDING
- Neil Jurd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
Per its FY2025 accounts: The accounts state that the Trust reported a net deficit for the year and held net current liabilities of £4,304,121, leading the auditor to identify a material uncertainty regarding its ability to continue as a going concern. Despite these financial pressures, the Governors have prepared the accounts on a going concern basis, citing recent property sales and refinancing as mitigating factors. The Trust's free reserves decreased significantly to £579k, which is below the previous year's level, though the specific policy target for reserves is not quantified in monetary terms. Its FY2025 accounts were audited by JS. Audit Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CHEAM FOUNDATION | 1 | £172k |
Charities like this
- ST EDMUND'S SCHOOL TRUST LIMITED
- THE VERNON EDUCATIONAL TRUST LIMITED
- WINDLESHAM SCHOOL TRUST LIMITED
- CHEAM SCHOOL EDUCATIONAL TRUST
- ALDRO SCHOOL EDUCATIONAL TRUST LIMITED
- THE MERESIDE EDUCATION TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WINDERMERE EDUCATIONAL TRUST LIMITED | £5.5m | — | — | unclear | — | material uncertainty |
| ST EDMUND'S SCHOOL TRUST LIMITED | £17.3m | £230,000 - £240,000 | — | above | — | no doubt |
| THE VERNON EDUCATIONAL TRUST LIMITED | £13.5m | £140,001 - £150,000 | — | above | — | no doubt |
| WINDLESHAM SCHOOL TRUST LIMITED | £1.8m | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| CHEAM SCHOOL EDUCATIONAL TRUST | £9.0m | £100,000 - £110,000 | — | unclear | — | no doubt |
| ALDRO SCHOOL EDUCATIONAL TRUST LIMITED | £5.7m | £120,000 - £129,999 | — | above | — | no doubt |