Finance Score: 3

Governance Score: -2

Support Score: 3

Liabilities <10%: +3
Excess reserves: -3
Fundraising costs low: +3

Narrow trustee age band: -2

Gov Income
Grant maker support: +3

Overall GiG Score: 4

LUDGROVE SCHOOL TRUST LIMITED

The provision of education at Ludgrove, a boarding school for boys aged between eight and thirteen years of age.

Analysis by Giving is Great

Positives:

The charity has received Government grants
This charity has a robust balance sheet
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised

Regulatory & Governance issues to consider:

The Board has little diversity in terms of age

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £14,317,599 available, equivalent to 30 months of spending and so may not be able to utilise additional funding

Established: 52 years

www.ludgrove.net

office@ludgroveschool.co.uk

01189789881

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/08/22		£5,834	£5,724	£110	£19	£14,351	£14,318	30	118	0
31/08/21		£5,277	£5,277	£0	£14	£12,324	£12,291	28	119	0
31/08/20	*	£5,101	£4,920	£181	£33	£11,715	£10,945	26.7	106	0
31/08/19		£5,471	£5,030	£441	£0	£10,773	£10,362	24.7	106	5
31/08/18		£5,479	£5,081	£397	£120	£11,265	£10,849	25.6	101	8
31/08/17		£5,486	£4,840	£646	£0	£10,582	£10,562	26.2	104	0
31/08/16		£5,422	£4,688	£734	£2	£9,637	£9,620	24.6	85	0
31/08/15		£4,975	£4,353	£622	£22	£10,559	£9,972	27.5	74	0
31/08/14		£5,029	£4,069	£960	£14	£9,025	£8,421	24.8	83	0
31/08/13		£4,699	£4,036	£663	£8	£8,628	£7,955	23.7	73	0
31/08/12		£4,461	£3,631	£830	£8	£7,979	£7,343	24.3	79	0
31/08/11		£4,198	£3,409	£789	£8	£7,823	£7,175	25.3	76	0
31/08/10		£4,010	£3,264	£746	£7	£6,400	£5,733	21.1	73	0
31/08/09		£3,938	£3,138	£800	£7	£6,556	£5,871	22.5	57	0
31/08/08		£3,909	£3,138	£771	£7	£6,515	£5,810	22.2	58	0
31/08/07		£3,431	£3,045	£386	£6	£5,533	£4,810	19	59	0
31/08/06		£3,675	£3,018	£657	£0	£0	£0	n/a	0	0
31/08/05		£3,495	£3,169	£326	£0	£0	£0	n/a	0	0
31/08/04		£3,249	£2,921	£327	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.3%
Fundraising Costs/Total Spending: 0.3%
Senior Staff Costs/Total Spending: 17%
Highest pay band: £130,000-£140,000
Liabilities/Assets: 9%
Liabilities/Income: 24%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 30 months
Net Current Assets/Spending: 3 months
Quick Ratio: 1.7

Asset Split ?

Listed activities

Education/Training

How it operates

Provides buildings/facilities/open space
Provides human resources
Provides services

Where it operates

Wokingham,

Who it helps

Children/Young People

Who works here?

118 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (12)

Current Trustees appointed

Gender Split

Based on 11/12 persons

Age Range of Trustees: 44-61

ALEXANDER BALFOUR HENSHILWOOD Appointed: 2019, Occupation: Schoolmaster, Other trusteeship: PORT REGIS SCHOOL LTD,

ANDREW JOHN HINCHLIFF Appointed: 2020, Occupation: Teacher

BENEDICT JOHN HOLDEN Appointed: 2013, Occupation: Senior Schoolmaster

CHARLES LANGHORNE BUTTERWORTH Appointed: 2012, Occupation: Company Director

D'ARCY DONNA VIGORS Appointed: 2017, Occupation: Fashion Designer

LOGIE CHARLES LLOYD FITZWILLIAMS Appointed: 2021, Occupation: Investment Manager

MAURABRITTAIN BRITTAIN Appointed: 2022

MICHAEL ALEXANDER SMYTH-OSBOURNE Appointed: 2015, Occupation: Finance Director

NEIL BROOKS Appointed: 2018, Occupation: School Principal

RICHARD CORMACK Appointed: 2016, Occupation: Investment Banker

RUTH MICHELLE DEN BESTEN Appointed: 2020, Occupation: Barrister

VANESSA JANE MORPHET Appointed: 2022, Occupation: Fund Manager

Legal constitution

Charitable company registered in England & Wales on 01/09/1972, number: 309100
Registered at Companies House on 04/05/1972, number: 01053039

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Ofsted (Office For Standards In Education)

Policies in force

Complaints handling
Conflicting interests
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

19 returns made; AR20: 3 days late,

Main office

Ludgrove Preparatory School
Ludgrove
Wokingham
RG40 3AB

Objectives

THE OBJECTS FOR WHICH THE TRUST IS ESTABLISHED ARE TO PROMOTE AND PROVIDE FOR THE ADVANCEMENT OF EDUCATION INCLUDING, BUT NOT BY WAY OF LIMITATION, TO CONDUCT CARRY ON ACQUIRE AND DEVELOP IN THE UNITED KINGDOM ANY BOARDING OR DAY SCHOOL OR SCHOOLS FOR THE EDUCATION OF CHILDREN OF EITHER SEX OR BOTH SEXES, INCLUDING THE SCHOOL KNOWN AS LUDGROVE SCHOOL, WOKINGHAM, BERKSHIRE, AND ANY OTHER PURPOSE ANCILLARY OR INCIDENTAL TO THE FOREGOING.

Defined Area of Benefit:

NOT DEFINED

Data Sources