The Governors of Hutchesons' Educational Trust
Latest income
£18.7m
Latest spending
£20.9m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the Trust reported a net deficit of £230,811 for the year ended 30 June 2024, driven by increased wage costs and economic pressures despite a 15% fee increase. Per the trustees' report, the school maintains a strong cash surplus of £2,579,071 and has secured a renewed £2 million bank overdraft facility to ensure sufficient working capital. The trustees are confident in the school's ability to continue as a going concern, citing resilient operating models and active cost management strategies.
What the accounts disclose
Related-party transaction: Trustees' children fees
“A number of Trustees have children at the school. During the 2023-24 academic session, a total of 7 (2023: 6) Trustees met the fees of a total of 13 (2023: 10) pupils at the school. Fees paid by the parent Trustees are the same as the rate applicable to other pupils.” — page 29
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Trustee donation
“A number of Trustees have children at the school. During the 2023-24 academic session, a total of 7 (2023: 6) Trustees met the fees of a total of 13 (2023: 10) pupils at the school. Fees paid by the parent Trustees are the same as the rate applicable to other pupils.” — page 29
Per FY2025 accounts as filed with OSCR.