2025-08-31-accounts

ReferenceandadministrativedetailsoftheCharity,itsTrustees,andAdvisors	1
Trustees’Report	2-14
Independentauditor’sreportonthefinancialstatements	15-17
Statementoffinancialactivities	18
Balancesheet	19
Statementofcashflows	20
Notestothefinancialstatements	21-38

£k	2024-25	2023-24
Netincome/(expenditure)ongeneral	(2,004)	1,492
fundsasreported
AddbacktransfertoWorth Abbey	3,282	0
Addbackexceptionalitems	114	118
LesstransferfromWorthSchoolLettings	(9)	(59)
WorthSchoolcoresurplus	1,383	1,551

		Unrestrictedfunds	Unrestrictedfunds	Restricted
	Note	General	Designated	funds		Total2025	Total2024
		£	£	£		£	£
Incomefrom:
Donations,gifts,and legacies	A	9,132	-	120,448		129,580	106,963
Advancementofeducation	5	22,168,178	:	-		22,168,178	21,191,294
Investmentincome	7	4,779	-	35,432		40,211	49,871
Other	8	2,456,190	112,208	-		2,568,398	556,080
Totalincome		24,638,279	112,208	155,880		24,906,367	21,904,208
Expenditureon:
Raisingfunds	9	548,589	36,059	-		584,648	518,428
Charitableactivities	10	22,811,759	405,934	29,558		23,247,251	20,427,798
SupportofWorth Abbey	10	3,281,613	2,074,022	-		5,355,635	-
Totalexpenditure		26,641,961	2,516,015	29,558		29,187,534	20,946,226
Netincome/(expenditure) beforenetlosseson		(2,003,682)	(2,403,807)	126,322		(4,281,167)	957,982
investments
Netgains/(losses)on investments	15	-	-	50,799		50,799	57,339
Netincome/(expenditure)		(2,003,682)	(2,403,807)	177,121		(4,230,368)	1,015,321
Transfersbetweenfunds		(110)	110	-		-	-
Netmovementinfunds		(2,003,792)	(2,403,697)	177,121		(4,230,368)	1,015,321
Reconciliationoffunds
Totalfundsbrought forward		2,003,792	2,604,401	1,144,231		5,752,424	4,737,103
Netmovementinfunds		(2,003,792)	(2,403,697)	177,121		(4,230,368)	1,015,321
Totalfundscarried forward		.	200,704	1,321,352		1,522,056	5,752,424
TheStatementofFinancial	Activities	includesallgains	andlossesrecognisedintheyear.		—

	Notes		2025		2024
		£		£	£
Fixedassets
Tangibleassets	14	1,502,540			2,003,792
Investments	15	1,182,051			1,053,176
			2,684,591		3,056,968
Currentassets
Stock	16	48,786			324,809
Debtors	17	5,470,595			8,614,249
Cashatbankandinhand		4,790,549			6,796,398
		10,309,930			15,735,456
Creditors:Amountsfallingdue
withinoneyear	18	(8,451,459)			(8,962,224)
Netcurrentassets			1,858,471		6,773,232
Totalassetslesscurrentliabilities			4,543,062		9,830,200
Creditors:Amountsfallingdue aftermorethanoneyear	19		(3,021,006)		(4,077,776)
Totalnetassets			1,522,056		5,752,424
Charityfunds
Restrictedfunds	21		1,321,352		1,144,231
Designatedfunds	21		200,704		2,604,401
Generalfunds	21			-	2,003,792
TOTALFUNDS	21		1,522,056		5,752,424

	Note	2025	2024
		£	£
Cashflowsfromoperatingactivities
Netcash(usedin)/providedbyoperatingactivities	24	(1,516,032)	5,153,363
Cashflowsfrominvestingactivities
Returnsoninvestmentsandtheservicingoffinance		(40,211)	(49,871)
Proceedsfromthesaleoftangibleassets		227,053	:
Purchaseoftangiblefixedassets		(83,117)	(1,915,159)
Purchaseofinvestments		(78,075)	(22,235)
Netcashusedininvestingactivities		25,650	(1,987,265)
Cashflowsfromfinancingactivities
Increase/(decrease)inparents’acceptancedeposits		(515,467)	199,582
Netcash(usedin)/providedbyfinancingactivities		(515,467)	199,582
Changeincashandcashequivalentsintheyear		(2,005,849)	3,365,680
Cashandcashequivalentsatthebeginningoftheyear		6,796,398	3,430,718
Cashandcashequivalentsattheendoftheyear		4,790,549	6,796,398

		Generalfunds	Restrictedfunds	Total2025
		£	£	£
Gifts	&donationsfromindividuals andtrusts	110	120,448	120,558
Gift	aidreclaimed	-	-	-
Gifts	frommembersoftheWorthAbbeyGroup	9,022	-	9,022
Total		9,132	120,448	129,580

4. Incomefromdonationsandlegacies(continued)
	Generalfunds	Restrictedfunds	Total2024
	£	£	£
Gifts &donationsfromindividualsandtrusts	120	46,888	47,008
Giftaidreclaimed	-	725	725
GiftsfrommembersoftheWorthAbbeyGroup	59,230	-	59,230
Total	59,350	47,613	106,963
5.Incomefromcharitableactivities
		General& Totalfunds2025
			£
Incomefromtheadvancementofeducation			22,168,178
		General& Totalfunds2024
			£
Incomefromtheadvancementofeducation			21,191,294
6.Incomefromtheadvancementofeducation		General& Totalfunds2025
			£
Feeincomefortheyear			21,813,865
Releaseoffeeprepayments			1,072,819
Extras			1,211,252
Entrancefees			201,410
Less:
Scholarshipsgranted			(1,069,036)
Fullfeebursaries			(282,491)
Otherbursariesandremissions			(779,641)
			22,168,178
		General& Totalfunds2024
			£
Feeincomefortheyear			22,072,870
Releaseoffeeprepayments			403,701
Extras			1,058,989
Entrancefees			88,363
Less:
Scholarshipsgranted			(1,168,671)
Fullfeebursaries			(308,046)
Otherbursariesandremissions			(955,912)
			21,191,294

7.Investmentincome	General	Designated	Restricted	Totalfunds
	funds	funds	funds	2025
	£	£	£	£
Investmentincomefromlistedsecurities	4,779	-	35,432	40,211
	General	Designated	Restricted	Totalfunds
	funds	funds	funds	2024
	£	£	£	£
Investmentincomefromlistedsecurities	25,570	-	24,301	49,871
8.Otherincomingresources
	Generalfunds	Designatedfunds		TotalFunds
	2025		2025	2025
	£		£	£
Rentalincome	219,584		-	219,584
Biomassincome	161,475		-	161,475
Membershipfees	-		107,021	107,021
Domesticservices	37,767		-	37,767
Insuranceclaim	2,006,584		-	2,006,584
Otherincome	30,780		5,187	35,967
	2,456,190		112,208	2,568,398
	Generalfunds	Designatedfunds		Totalfunds
	2024		2024	2024
	£		£	£
Rentalincome	211,133		=	211,133
Biomassincome	159,405		-	159,405
Membershipfees	-		100,269	100,269
Domesticservices	47,673		-	47,673
Otherincome	32,838		4,762	37,600
	451,049		105,031	556,080

ostsofraisingvoluntaryincome
	General	funds	Designated	funds	TotalFunds
		2025		2025	2025
		£		£	£
Marketing— staffcosts	260,448			20,479	280,927
Marketing— othercosts	288,141			15,580	303,721
	548,589			36,059	584,648
	General	funds	Designated	funds	TotalFunds
		2024		2024	2024
		£		£	£
Marketing— staffcosts	201,532			20,820	222,352
Marketing— othercosts	296,076			-	296,076
	497,608			20,820	518,428
0.Analysisofexpenditureoncharitableactivities
ummarybyfundtype
	Generalfunds		Designated	Restricted	Totalfunds
			funds	funds	2025
	£		£	£	£
Teachingcosts	8,434,780		103,334	29,558	8,567,672
Welfarecosts	3,613,719		15,190	-	3,628,909
Premises	7,175,571		260,006	-	7,435,577
Supportcosts	3,587,689		27,404	-	3,615,093
	22,811,759		405,934	29,558	23,247,251
SupportofWorthAbbey	3,281,613		2,074,022	-	5,355,635
	26,093,372		2,479,956	29,558	28,602,886

		Generalfunds	ee	nds	aan	Totala
		£		£	£	£
Teaching	costs	7,959,855		60,089	13,066	8,033,010
Welfare	costs	3,408,193		-	-	3,408,193
Premises		4,596,909		617,226	-	5,214,135
Support	costs	3,772,460		-	=	3,772,460
		19,737,417		677,315	13,066	20,427,798

Summarybyexpendituretype
	Staffcosts	Depreciation	Othercosts	Total costs
	2025	2025	2025	2025
	£	£	£	£
Teachingcosts	7,268,069	139,724	1,159,879	8,567,672
Welfarecosts	1,804,706	22,500	1,801,703	3,628,909
Premises	1,169,502	166,385	6,099,690	7,435,577
Supportcosts	2,070,224	28,706	1,516,163	3,615,903
	12,312,501	357,315	10,577,435	23,247,251
SupportofWorthAbbey	;	-	5,355,635	5,355,635
	12,312,501	357,315	15,933,070	28,602,886
	Staffcosts	|Depreciation	Othercosts	Totalcosts
	2024	2024	2024	2024
	£	£	£	£
Teachingcosts	6,729,920	235,440	1,064,650	8,030,010
Welfarecosts	1,760,179	13,125	1,634,889	3,408,193
Premises	1,026,325	147,782	4,040,028	5,214,135
Supportcosts	2,012,610	31,085	1,728,765	3,772,460
	11,529,034	427,432	8,468,332	20,427,798
11.Auditorsremuneration			2025	2024
			£	£
atoCharity’sauditorfortheauditoftheCharity’s		annual	23,400	22,488
Allassuranceservicenotincludedabove			1,068	1,020
Allnon-auditservicesincludedabove			8,124	16,038
			35,592	39,546
12.Staffcosts		2025		2024
Employmentcostsinclude:		£		£
Wagesandsalaries		10,008,803		9,488,767
Socialsecuritycosts		1,157,743		968,085
Pensioncontributions		1,406,402		1,297,534
		12,572,948		11,754,386

	2025	2024
Teaching& teachingsupport	134	129
Welfare	72	62
Premises	42	35
Support	70	68
	318	294

				2025	2024
£60,001	-		£70,000	21	20
£70,001 £80,001		- -	£80,000 £90,000	WAN
£90,001 £100,001 £110,001 £150,001		- - - -	£100,000 £110,000 £120,000 £160,000	PRPPN
£170,001		-	£180,000	-	1
£180,001		-	£190,000	1	=

	Pian	yMotor	RiNEunis	Computer	Sports	Total
	Machinery	ehicles	Fittings	Equipment	Equipment
Cost	£	£	£	£	£	£
At1 September2024	1,491,723	217,846	2,012,602	555,121	114,616	4,391,908
Additions	61,340	24,523	(2,970)	223	-	83,116
Disposals	(573,356)	(18,470)	-	(305,348)	(48,448)	(945,622)
At31August2025	979,707	223,899	2,009,632	249,996	66,168	3,529,402
Depreciation
At1 September2024	1,071,157	140,971	621,270	440,103	114,616	2,388,117
Chargefortheyear	70,408	22,500	231,376	33,030	-	357,314
Disposals	(346,303)	(18,470)	-	(305,348)	(48,448)	(718,569)
At31August2025	795,262	145,001	852,646	167,785	66,168	2,026,862
Netbookvalue
At31August2025	184,445	78,898	1,156,986	82,211	-	1,502,540
At31August2024	420,566	76,875	1,391,332	115,019	-	2,003,792

15.Fixed assetinvestments	Investmentsin Bibldlary	svete	Tota
Costorvaluation	£	£	£
At1 September2024	1	1,053,176	1,053,177
Unrealisedinvestmentgain	-	50,799	50,799
Investmentincome	-	78,075	78,075
At31August2025	1	1,182,050	1,182,051
Netbookvalue
At31August2025	1	1,182,050	1,182,051
At31August 2024	1	1,053,175	1,053,176

Name	Company|	Registeredofficeorprincipal	|Principal	Classof |Holding|	Includedin
	number	placeofbusiness	activity	shares	consolidation
Worth	13581948| PaddockhurstRoad,Turners		Lettingand	Ordinary 100%	Yes
School		Hill,Crawley,UnitedKingdom,	|operating
Lettings		RH104SD	ofleasedreal
Limited			estate
				Income Expenditure	Netassets
				£ £	£
WorthSchoolLettings		Limited2025		750,980 (759,980)	1
WorthSchoolLettings		Limited2024		672,180 (672,180)	1
16.Stocks				2025	2024
				£	£
GeneralStores				48,786	324,809
17.Debtors				2025	2024
				£	£
Schoolfees	andextras	lessbaddebt provision		1,027,961	481,194
Amountsowedbygroupcompanies				3,032,940	6,880,233
Otherdebtors				742,479	765,678
Prepaymentsandaccruedincome				667,215	487,144
				5,470,595	8,614,249
mountsowedbygroup		companiesarelentinterestfree	andrepayableondemand.
8.Creditors:	Amounts	fallingduewithinoneyear
				2025	2024
				£	£
Feeprepayments				998,395	1,034,812
Acceptance	deposits			675,524	754,865
Schoolfees	andextras	receivedinadvance		4,271,470	4,249,561
Tradecreditors				929,639	631,635
Hirepurchasecontracts				28,986	21,132
Othertaxes	andsocialsecurity			290,169	243,617
Othercreditors				436,062	845,472
Accruals				821,214	1,181,130
				8,451,459	8,962,224
					Page31

19.Creditors:Amountsfallingdueaftermorethanoneyear
	2025	2024
	£	£
Feeprepayments	1,206,940	1,821,499
Acceptancedeposits	1,776,699	2,212,826
Hirepurchasecontracts	37,367	43,451
	3,021,006	4,077,776
20.Financialinstruments
	2025	2024
	£	£
Financialassetsmeasuredatfairvalue	1,182,051	1,053,176
Financialassetsmeasuredatamortisedcost	9,593,929	14,923,503
Financialliabilitiesmeasuredatamortisedcost	7,200,995	8,790,439

	Balanee4	Incoming	Resources	Transfers	Gains/	B	1 lance&
	september 2024	resources	expended P	in/out	(Losses)		BuBUSt 2025
Designatedfunds	£	£	£	£	£		£
HardshipFund	143,026	-	(143,136)	110	-		-
Restructuring2025	500,000	-	(500,000)	-	-		-
MaintenanceFund	1,794,398	-	(1,794,398)	-	-		-
FriendsofWorth	3,086	38,914	(17,957)	-	-		24,043
WorthSociety	163,891	73,294	(60,524)	-	-		176,661
	2,604,401	112,208	(2,516,015)	110	-		200,704
Generalfunds
	Balance1	Incoming	Resources	Transfers	Gains/		Bal 31 arance
	September 2024	resources	expended P	in/out	(Losses)		August 2025
	£	£	£	£	£		£
Generalfunds	2,003,792	24,638,279	(26,641,961)	(110)	-		-
	| Balancesd	Incoming	Resources	Transfers	Gains/		Bal arance
	September 2024	resources 4	expended P	in/out	(Losses)		31August 2025
	£	£	£	£	£		£
ota)Unrestricked funds	4,608,193	24,750,487	(29,157,976)	-	:		200,704
							Page32

	Balance1	. Incoming	Resources	Transfers	. Gains/	Balance31
	Srpiemnber 2024	resources	expended P	in/out	(Losses)	ANEUGE 2025
Restrictedfunds	£	£	£	£	£	£
Bursaryfund	1,104,079	29,588	-	-	50,799	1,184,466
Annualfund	35,150	23,272	(12,483)	-	-	45,939
Heart& Soul	5,002	103,020	(17,075)	-	-	90,947
	1,144,231	155,880	(29,558)	-	50,799	1,321,352
	Balance1 September 2024	Incoming resources	Resources expended	Transfers . in/out	. Gains/ (Losses)	Bal 31 arance August 2025
	£	£	£	£	£	£
Totalfunds	5,752,424	24,906,367	(29,187,534)	-	50,799	1,522,056

	Balance1	. Incoming	Resources	Transfers	. Gains/	Balance31
	September 2023	resources	expended P	in/out	(Losses)	AUGUSE 2024
Designatedfunds	£	£	£	£	£	£
HardshipFund	-	z	:	143,026		143,026
Restructuring2025	-	-	-	500,000	-	500,000
MaintenanceFund	2,411,624	-	(617,226)	-	-	1,794,398
FriendsofWorth	4,034	32,633	(33,581)	-	-	3,086
WorthSociety	138,821	72,398	(47,328)	-	-	163,891
	2,554,479	105,031	(698,135)	643,026	-	2,604,401
Generalfunds
	Balance1	Incoming	Resources	Transfers	Gains/	i Bulance.31
	September 2023	resources	expended P	infout	(Losses)	August 2024
	£	£	£	£	£	£
Generalfunds	1,154,580	21,727,263	(20,235,025)	(643,026)	-	2,003,792
	Bnlance2	Incoming	Resources	Transfers	Gains/	Balance31
	September 2023	resources	expended P	in/out	(Losses)	August 2024
	£	£	£	£	£	£
Totalunrestricted funds	3,709,059	21,832,294	(20,933,160)	-	-	4,608,193
	Bal glance4	Incoming	Resources	Transfers	Gains/	I 3 Balance 31
	Seplemiber 2023	resources	expended P	infout	(Losses)	ADGUSE 2024
Restrictedfunds	£	£	£	£	£	£
Bursaryfund	1,022,997	33,751	-	(10,008)	57,339	1,104,079
Annualfund	5,047	33,161	(13,066)	10,008	-	35,150
Heart& Soul	-	5,002	-	-	-	5,002
	1,028,044	71,914	(13,066)	-	57,339	1,144,231
	Bal algaet	Incoming	Resources	Transfers	Gains/	1 BalaTee
	September 2023	resources	expended e	in/out	(Losses)	AuGORE 2024
	£	£	£	£	£	£
Totalfunds	4,737,103	21,904,208	(20,946,226)	-	57,339	5,752,424

	Balance1 September	. Incoming	Resources	Resources	Transfers	. Gains/	Balance31 August
	2024	resources	expended		in/out	(Losses)	2025
	£	£		£	£	£	£
Designatedfunds	2,604,401	112,208	(2,516,015)		110	-	200,704
Generalfunds	2,003,792	24,638,279	(26,641,961)		(110)	-	-
Restrictedfunds	1,144,231	155,880		(29,558)	-	50,799	1,321,352
	5,752,424	24,906,367	(29,187,534)		-	50,799	1,522,056
ummaryoffunds— prioryear
	ee	Incoming	Resources		Transfers	Gains/	se gust
	2023	resources	expended		in/out	(Losses)	2024
	£	£		£	£	£	£
Designatedfunds	2,554,479	105,031	(698,135)		643,026	-	2,604,401
Generalfunds	1,154,580	21,727,263	(20,235,025)		(643,026)	-	2,003,792
Restrictedfunds	1,028,044	71,914		(13,066)	-	57,339	1,144,231
	4,737,103	21,904,208	(20,946,226)		-	57,339	5,752,424
3.Analysisofnetassetsbetweenfunds
Currentyear		General	funds	Designated		Restricted	Totalfunds
			2025	funds2025		funds2025	2025
			£		£	£	£
Tangiblefixedassets		1,502,540			-	-	1,502,540
Fixedassetinvestments			1		-	1,182,050	1,182,051
Currentassets		9,969,924			200,704	139,302	10,309,930
Creditorsduewithinoneyear		(8,451,459)			-	-	(8,451,459)
Creditorsdueinmorethanoneyear		(3,021,006)			-	-	(3,021,006)
			-		200,704	1,321,352	1,522,056
Prioryear		General	funds	Designated		Restricted	Totalfunds
			2024	funds2024		funds2024	2024
			£		£	£	£
Tangiblefixedassets		2,003,792			-	-	2,003,792
Fixed assetinvestments			1		-	1,053,175	1,053,176
Currentassets		13,039,999			2,604,401	91,056	15,735,456
Creditorsduewithinoneyear		(8,962,224)			-	-	(8,962,224)
Creditorsdueinmorethanoneyear		(4,077,776)			-	-	(4,077,776)
		2,003,792			2,604,401	1,144,231	5,752,424
							Page35

		2025	2024
		£	£
Navies)fortheyear(asperStatementof	Financial	(4,230,368)	1,015,321
Adjustmentsfor:
Depreciationcharges		357,314	427,432
Returnsoninvestmentsandtheservicingoffinance		40,211	49,871
(Increase)/decreaseinstocks		276,023	(88,405)
(Increase)/decreaseindebtors		3,143,654	(402,872)
Increase/(decrease)increditors		(1,052,067)	4,209,355
Unrealisedgain/(loss)oninvestmentassets		(50,799)	(57,339)
		(1,516,032)	5,153,363
25.Analysisofcashandcashequivalents
		2025	2024
		£	£
Cashinhand		4,790,549	6,796,398
		4,790,549	6,796,398
26.Analysisofchangesinnetdebt
	31August2024	NetCashFlow	31August2025
	£	£	£
Cashinhandandatbank	6,796,398	(2,005,849)	4,790,549
Debtduewithin1 year	(21,132)	(7,854)	(28,986)
Debtdueafter1 year	(43,451)	6,084	(37,367)
Acceptancedeposits	(2,212,825)	436,126	(1,776,699)
	4,418,990	(1,571,493)	2,947,497

			2025	2024
			£	£
Not	later	than1 year	28,986	21,132
Later	than	1yearandnotlaterthan5 years	37,367	43,451
			66,353	64,583

			2025	2024
			£	£
Not	later	than1 year	1,247,011	1,272,306
Later	than	1yearandnotlaterthan5 years	155,240	322,010
			1,402,251	1,594,316

	£
StatementofFinancialActivities
Income
OtherIncome	2,000,000
Expenditure
Charitableactivities	2,000,000
BalanceSheet
Debtors(netfortheyearasworksnotcomplete)	330,297