Finance dossier

Imperial College London Mathematics School

Exceptional first-cohort exam results — but the school's permanent building has now gone through three contractors and won't open until 2027, and it's spending more per pupil on educational supplies than any comparable school in the country.

Open since 2023 Academy trust — private company limited by guarantee, exempt charity. Imperial Maths School is not a separate legal entity; it's one of only two academies in this trust, consolidated into group accounts. Company 12935907
£13.6m
Income, 2024/25
£12.3m
Expenditure, 2024/25
£17.7m
Funds carried forward
154
Average staff

These headline figures are for the whole trust the school belongs to, not the school alone — see below.

Who files the accounts

Imperial Maths School is one of just two academies inside Frontier Learning Trust — formed in 2021 specifically to house the school alongside Woodhouse College, its long-established sixth-form-college co-sponsor.

Legal entity
Frontier Learning Trust
Company number
Incorporated
7 October 2020
Structure
Academy trust — private company limited by guarantee, exempt charity. Imperial Maths School is not a separate legal entity; it's one of only two academies in this trust, consolidated into group accounts.
Accounts filed by
Frontier Learning Trust — company 12935907
Auditor
Buzzacott Audit LLP
Registered office
Woodhouse College, Woodhouse Road, North Finchley, London N12 9EY
Notes
Frontier Learning Trust runs just two academies — Woodhouse College (a sixth-form college of around 1,490 students) and Imperial Maths School — so its trust-wide figures are far less diluted than most other MAT-consolidated schools on this site. Imperial College London staff sit on both the school's governing body and the trust board.

The accounts, year by year

The most recent filed accounts (2024/25, year ended 31 August 2025) show a net result of +£1.26m.

2023/242024/25
Total income£11.6m£13.6m
Total expenditure£10.8m£12.3m
Net result for the year+£778k+£1.26m
Total funds carried forward£16.5m£17.7m
Average staff (headcount)144154

Figures are for the whole multi-academy trust the school belongs to — the trust files one consolidated set of accounts; the school does not publish stand-alone accounts. School-level figures, where available, appear below.

Income trend

£11.6m£13.6m 2023/24 → 2024/25 (trust-wide)

School-level figures

The Department for Education's Financial Benchmarking and Insights Tool publishes school-level figures even where the trust's accounts consolidate:

YearSchool-level figures (FBIT)
2024/25In-year balance £249,000; revenue reserve £423,000; teaching & teaching-support staff £7,317 per pupil (higher than 80% of comparable schools); educational supplies £4,356 per pupil — the highest of any comparator school (100th percentile); combined identified spending £13,010 per pupil; 104 pupils on roll (January 2025 census).
2023/24Total income £832,000; total expenditure £708,000; in-year balance +£124,000; revenue reserve £173,000; 43 pupils on roll (January 2024 census) — the school's opening year, Year 12 only, so per-pupil figures aren't directly comparable to the two-cohort year that followed.

FBIT's public pages don't expose total income, expenditure or staff cost at school level for 2024/25 — only in-year balance, revenue reserve and per-pupil category spend; the 2023/24 totals above came from FBIT's own history API, which does expose absolute figures for that year. The fuller 'curriculum and financial planning' view sits behind a DfE Sign-in login.

What the trust's own annual reports say about this school specifically:

ESFA 16–19 allocation
£1.09m for 2024/25 (104 funded students) — source

Notable items in the accounts

Sources

  1. 1.DfE Financial Benchmarking and Insights Tool — Imperial Maths School — financial-benchmarking-and-insights-tool.education.gov.uk/school/149733/summary (URN 149733)
  2. 2.Frontier Learning Trust — Companies House filing history — find-and-update.company-information.service.gov.uk/company/12935907/filing-history
  3. 3.Consolidated annual report and financial statements, year to 31 August 2025 — find-and-update.company-information.service.gov.uk/company/12935907/filing-history/MzQ5Nzc5ODAxMWFkaXF6a2N4/document?format=pdf&download=0 (scanned PDF; key pages (SOFA, balance sheet, staff notes, Chair's introduction) read directly as images)
  4. 4.DfE 16–19 allocation data 2024/25 — www.gov.uk/government/publications/16-to-19-allocation-data-2024-to-2025 (row for 'Imperial College London Mathematics School', UKPRN 10093051)

What we could not verify: FBIT's public pages don't publish total income, expenditure or staff cost at school level — only in-year balance, revenue reserve and per-pupil spend.; The trust-wide 'years' figures cover Woodhouse College plus the maths school combined — there's no way to isolate the maths school's own share from public filings.; The school's own pupil:teacher ratio couldn't be reliably read from FBIT's comparator tables (the school's own row showed 0, which looks like a display artifact rather than a real figure).; The ESFA allocation total (£1,094,276) doesn't visibly reconcile with the sum of its own itemised sub-columns in the same dataset (a roughly £407k gap) — reported as published, not adjusted..

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