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THE READ SCHOOL, DRAX

Registered charity 529675 · accounts filings on the Charity Commission register

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Latest income
£4.1m
Latest spending
£4.3m
Registered
1968
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported an unrestricted fund deficit of £1,970,465 for the year ended 31 August 2023, following a surplus in the previous year. The trustees attribute this to increased costs of living and note that reserves are expected to be rebuilt gradually over a number of years. Despite the deficit, the financial statements were prepared on a going concern basis supported by an interest-free loan from a benefactor.

What the accounts disclose

Accounts audited by Henton R Co LLP. Discloses 3 of 6 completeness components.

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

Total income
£4.1m
Total spending
£4.3m
Cost of raising funds
£17k
Reserves (reported)
£0
Employees
85

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: North Yorkshire

Income and spending

Financial year endIncomeSpending
31/08/2025£4.1m£4.3m
31/08/2024£3.8m£3.8m
31/08/2023£3.3m£3.4m
31/08/2022£3.1m£3.1m
31/08/2021£2.5m£2.7m

Common questions

Is THE READ SCHOOL, DRAX financially healthy?

The accounts state that the charity reported an unrestricted fund deficit of £1,970,465 for the year ended 31 August 2023, following a surplus in the previous year. The trustees attribute this to increased costs of living and note that reserves are expected to be rebuilt gradually over a number of years. Despite the deficit, the financial statements were prepared on a going concern basis supported by an interest-free loan from a benefactor. Its FY2023 accounts were audited by Henton R Co LLP.