NEWARK PREPARATORY SCHOOL COMPANY LIMITED
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure outflow of £146,952 for the year, resulting in negative unrestricted reserves of £145,944. The trustees attribute this deficit to exceptional circumstances not expected to be repeated and note that the negative balance is substantially represented by the school's property assets. While the trustees remain confident in the going concern basis, they acknowledge that the market for independent schools has become more challenging due to economic downturns and the introduction of VAT.
What the accounts disclose
“The deficit this year was due to a number of exceptional circumstances which are not expected to be repeated in the current academic year; control of costs and striving for increased income remain a priority.”
“The company incurred expenses on commercial terms for electrical work amounting to £840 (2024: £216) during the year with South Electrical Limited. Mr R South is a director of South Electrical Limited and a trustee of The Newark Preparatory School Company Limited.” — page 23
“The company incurred expenses on commercial terms for payroll services amounting to £3,788 (2024: £3,654) during the year with TC Group. Mr J Dennis is a partner of TC Group and a trustee of The Newark Preparatory School Company Limited until 1 March 2025.” — page 23
“The company incurred expenses on commercial terms for electrical work amounting to £840 (2024: £216) during the year with South Electrical Limited. Mr R South is a director of South Electrical Limited and a trustee of The Newark Preparatory School Company Limited.” — page 23
“The company incurred expenses on commercial terms for payroll services amounting to £3,788 (2024: £3,654) during the year with TC Group. Mr J Dennis is a partner of TC Group and a trustee of The Newark Preparatory School Company Limited until 1 March 2025.” — page 23
“In our opinion, the original financial statements for the year ended 31 August 2025 failed to comply with the requirements of in the respects identified by the trustees in note 1 to the revised financial statements.” — page 10
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Richard Southchair
- Dr Jane Mumby
- Lee Gordon
- MR WILL BICKNELL
- MR WILL STAUNTON
- Sarah Cameron
- Sue Beaumont
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £1.2m | £1.3m |
| 31/08/2024 | £1.2m | £1.3m |
| 31/08/2023 | £1.2m | £1.2m |
| 31/08/2022 | £1.1m | £1.1m |
| 31/08/2021 | £1.0m | £1.1m |
Common questions
Is NEWARK PREPARATORY SCHOOL COMPANY LIMITED financially healthy?
The accounts state that the charity reported a net expenditure outflow of £146,952 for the year, resulting in negative unrestricted reserves of £145,944. The trustees attribute this deficit to exceptional circumstances not expected to be repeated and note that the negative balance is substantially represented by the school's property assets. While the trustees remain confident in the going concern basis, they acknowledge that the market for independent schools has become more challenging due to economic downturns and the introduction of VAT. Its FY2025 accounts were audited by Wright Vigar Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JOHN JAMES BRISTOL FOUNDATION | 1 | £35k |