Coleraine Grammar School
Latest income
£7.9m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net income surplus of £191,627 for the year ended 31 March 2025, with total income of £7,942,155 against total expenditure of £7,750,528. Per the trustees' report, free reserves after excluding tangible fixed assets and long-term liabilities were in surplus by £69,862, and the school relies primarily on Department of Education grant funding for its operations.
What the accounts disclose
Reserves policy: match the needs of the School, both at the current time and in the foreseeable future (held: £70k)
“It is the policy of the charitable company to maintain free reserves which match the needs of the School, both at the current time and in the foreseeable future. This provides sufficient funds to cover running costs which include management, administration and support costs.” — page 5
Per FY2025 accounts as filed with CCNI.
Largest income source: Department of Education (95% of income)
“The principal source of income is by way of grant funding from the Department of Education which accounts for 95% of School income under the common funding formula.” — page 5
Per FY2025 accounts as filed with CCNI.
Independent examiner: GMcG BELFAST
Per FY2025 accounts as filed with CCNI.