THE CORNELIAN SCHOLARSHIP FUND
Supports the provision of bursaries and scholarships at Mayfield School.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £640,077 for the year ended 31 August 2025, with total income of £15.4m against total expenditure of £14.8m. Per the trustees' report, the charity holds unrestricted funds of £7.6m, although the governors note that the school does not have any free reserves as defined by the Charities SORP due to the exclusion of fixed assets financed by long-term liabilities. The auditors confirmed that the financial statements give a true and fair view and that there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“In the band £120,001 - £130,000 1”
“The Governors’ policy is to maintain adequate reserves to manage the operations of the School and to continue to use future generated surpluses to invest in our programme of development.” — page 6
“The School administers a wholly-owned subsidiary, Mayfield School Services Ltd, which is a trading company (Registered Company Number 2770019).” — page 9
Trustees
- MAYFIELD SCHOOL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £33k | £42k |
| 31/08/2024 | £26k | £34k |
| 31/08/2023 | £31k | £40k |
| 31/08/2022 | £29k | £38k |
| 31/08/2021 | £27k | £35k |
Common questions
Is THE CORNELIAN SCHOLARSHIP FUND financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £640,077 for the year ended 31 August 2025, with total income of £15.4m against total expenditure of £14.8m. Per the trustees' report, the charity holds unrestricted funds of £7.6m, although the governors note that the school does not have any free reserves as defined by the Charities SORP due to the exclusion of fixed assets financed by long-term liabilities. The auditors confirmed that the financial statements give a true and fair view and that there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by HaysMac LLP.
What does the highest-paid employee of THE CORNELIAN SCHOLARSHIP FUND earn?
Per its FY2025 accounts, the highest-paid employee was in the £120,001 - £130,000 band.