BISHOP WORDSWORTH'S TRUST
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Charlty Number: 309475

BISHOP WORDSWORTH'S TRUST
CONTENTS OF THE TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Page
Trustees, Report
Legal and Administrative Information
Independent Examinerfs Report
statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
7-11

BISHOP WORDSWORTH'S TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The trustees present their annual report together with the financial statements of Bishop Wordsworth's Trust
{the°Trust") for the year ended 31 August 2024.
Legal and administrative information set out on page 3 fomis part of this report. The Trustees confirm that the
annual report and financial statements of the Trust comply with current statutory requirements, the
requirements of the Charity's governing document and the provisions of the Statement of Recommended
Practice (SORP) FRS102 Accounting and Reporting by Charities"
OWECTIVES AND ACTIVITIES
Bishop Wordsworth's Church of England Grammar School (the 'School') is an academy trust that provides
secondary education for boys aged 11-18 and for girls from 16 to 18 years of age. It offers a balanced and
broadly-based curriculum until the age of 16, an 'A' Level curriculum from age 16 to 18 and prepares students
for exiemal examination and subsequent entry to higher education in a wide range of academic disciplines.
students are mainly drawn from the Salisbury area at age 11 and from a wider area across South Wiltshire
and West Hampshire at Sixth Form entry. As well as academic work, the School offers an extensive
programme of extra-curricular activities across the entire age range. The School is a selective school and is
designated with a religious character as Church of England. The Christian ethos is central to the core values
of the School.
The objeds of the Trust are to assist the educational objectives of the School by receiving donations and
granting and holding monies to fund school activities either directly or by financial assistance to students
individually.
ACHIEVEMENTS AND PERFORMANCE
The Trust owns some land and buildings (the Bishopgate Site) immediately opposite the entran￿ of the main
school site. During the year, the Trust and the School negotiated a 125-year lease for the School's use of the
Site, the first 25 years being chargeable, the remaining 100 years being peppercorn. Bishopgate had
previously been used by the School but this arrangement will provide long-term security of tenure.
FINANCIAL REVIEW
During the year the Trust received £103,167 {2023: £137,279) and expended £22,066 {2023'. £30,250). This
generated a surplus for the year (including unrealised gains on investments) of £107,682 (2023= £77,929
deficit). taking the year end funds to £1,075,706 (2023.. £968,024).
CONTINGENT LIABILITY
Trustees are cognisant of some significant expenditure requirements for the School in the next few years, in
particular a proposal to build a new teaching bl(xk on the Bishopgate Site. Trustees have considered how
best to support the School in that venture and have undertaken to grant £210,000 towards the project in the
event that construction proceeds.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Trust was registered with the Charity Commission on 5th December 1962. Its governing document was
updated under a scheme by the Charty Commission on 30th September 2021, including a change of name.
The Trust is administered by the Trustees, who met once during the year to receive reports on the state and
developments of the affairs of the Trust and at other times online to consider routine business. The Trustees
are listed on Page 3 to this R8POrt.

BISHOP WORDSWORTH'S TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
STATEMENT OF TRUSTEE'S RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial ststements for
each financial year which give a true and fair view of the state of affairs of the Charty and of the incoming
resources and application of resources of the Charity for that period. In preparing these financial statements,
the Trustees are required to..
Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the Charities SORP 2015 (FRS 102}',
Make judgements and estimates that are reasonable and prudent;
stste whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements.,
Prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy
at any time the financial position of the chariiy and enable them to ensure that the financial statements
comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions
of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on .
and signed on their behalf by-.
QCW,
Julia Cox
Trustee

BISHOP WORDSWORTH'S TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024
Status..
The organisation was registered as a charity on 5 December 1962.
Charty Number..
309475
Registered Office..
Bishop Wordsworth's School
Exeter Street
Salisbury
SP12ED
Trustees:
Mr G Branagan (until 101h October 2024)
Mr G Lloyd (until 11th March 2024)
Mrs J N Cox (from 91h December 2024)
Mr B L Smith
MrJRBBlake
Mr N Williams
Bankers..
Lloyds Bank plc
Blue Boar Row
Salisbury
SP1 1DA
Independent Examiner..
Simon Ellingham FCA
Fawcetts LLP Chartered Accountants
Imndover House
St Ann Street
Salisbury
SP12DR

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
BISHOP WORDSWORTH'S TRUST
I report to the charty trustees on my examination of the accounts of the charity for the year ended 31 August
2024 which are set out on pages five to eleven.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in
carrying out my examination I have followed all the applicable Directions given by the Charty Commission
under section 145(5)(b) of the Act.
Independent examinerfs statement
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records,. or
3. the accounts do not comply with the applicable requirements Con￿rning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fair view, which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
on Ellingham BA FCA DChA
Fawcetts LLP
Windover House
St Ann Street
Salisbury
SP12DR

BISHOP WORDSWORTH'S TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
Funds
Unrnstrlcted Rostrlcted
2024
Total
2023
Total
Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
16,599
71,503
110,344
Charitable activities
Other trading aciivities
22,500
22,500
14,002
Investments
9,164
9,164
12,933
Total income
86,568
16,599
103,167
137,279
EXPENDITURE ON:
Raising fvnds
Charitable activities
17,941
4.125
22,066
30.250
Total expenditure
17,941
4,125
22,066
30.250
Realised gainsl(lossesl on disposal of investments
Unrealised gainslllossesl on investments
(23,371)
26,581
26,581
(5,729)
NET INCOMEI(EXPENDITURE} FOR THE YEAR
95,208
12,474
107,682
77,929
Transfers betsveen funds
NET MOVEMENT IN FUNDS
95,208
12,474
107,682
77,929
RECONCILIATION OF FUNDS:
Total funds as at I September 2023
881,040
86,984
968,024
890,095
TOTAL FUNDS CARRIED FORWARD
976,248
99,458
1,075,706
968.024
There were no other recognised gains or losses other than those stated above.
The notes form part of these financial statefflents

BISHOP WORDSWORTH'S TRUST
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Nots
FIXED ASSETS
Tangible assets
Investments
501,589
341,602
843.191
504,715
315,021
819,736
CURRENT ASSETS
Cash at bank and in hand
Debtors
232,122
2,500
148,288
CREDITORS: AMOUNTS DUE WITHIN ONE YEAR
(2,107)
NET CURRENT ASSETS
232,515
148,288
TOTAL ASSETS LESS UABILITIES
1,075,706
968,024
FUNDS
Unrestricted funds
Restricted funds
10
11
976,248
99,458
881,040
86,984
TOTAL FUNDS
1,075.706
968,024
The fin
nc
al statement5 were approved and authorised for issue by the Board of Trustees on
.2u. .3S.... and were signed on its behalf by.
Julia Cox
Trustee
The notes fomi part of these financial statements

BISHOP WORDSWORTH'S TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES
1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention and in
accordance with applicable Accounting Standards in the United Kingdom, the accounting
regulations issued under the Charities Act 2011, the Statement of Recommended Practice {SORP)
FRS102 "Accounting and Reporting by Charities issued in October 2019.
1.2 INCOME AND EXPENDITURE
Incoming resources are accounted for as and when entitlement arises and the amount can be
reliably quantified. Expenditure is included on an accruals basis and is recognised when there is a
constructive or legal obligation to pay.
1.3 TANGIBLE FIXED ASSETS
Depreciation is provided on tangible fixed assets other than freehold land, at rates caculated to write
off the cost of each asset on a straight-line basis over its expected useful life, as follows:
Land and buildings
20/0 Straight line
1.4 FUND ACCOUNTING
UnrestrFCted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds are funds which are used in accordance with specific restrictions imposed by
donors or have been raised by the charity for particular purposes.
DONATIONS AND LEGACIES
Total
2024
Total
2023
Unrestrfcted Restricted
Donations (including Gift Aid claimed)
Legacies
54,904
16,599
71,503
110,344
54,904
16,599
71,503
110,344
2023 total
65,939
44,405
110,344
TRADING ACTIVITES
Total
2024
Total
2023
Unrestrfcted Restrlcted
Rent received
22,500
22,500
14,002
22,500
14.002
22,500
14,002
14,002
2023 total

BISHOP WORDSWORTH'S TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
4. CHARITABLE ACTIVITIES - EXPENDITURE
Total
2024
Total
2023
Restricted
Clubs and events
Prizes and award5
Donations to other charities
Depreciation
Support costs
6,489
640
1,050
3,075
7,539
3,715
14,004
6,310
8,162
1.563
211
3,126
7,686
3,126
7,686
17,941
4,125
22,066
30,250
2023 total
18,039
12,211
30, 250
5. INVESTMENTS
2024
2023
Invesljnent funds:
Market value at I September 2023
Acquisitions at cost
Disposals at opening market value
Unrealised gainsl(losses) on investments
315,021
884,121
1543,371)
15,729)
26,581
Market value at 31 August 2024
Historic cost of investments
341,602
315,021
248,699
248,699
6. FIXED ASSETS
Land and
building8
Cost
At 1 September 2023
Additions
Disposals
At 31 August 2024
506,278
506,278
Depreciation
At 1 September 2023
Charged in year
On disposals
At 31 August 2024
1,563
3,126
4,689
Net book values
At 31 Augusl 2024
501,589
At 31 August 2023
504,715
The Bishopgate Site includes land valued at £350,000 which is not depreciated.

BISHOP WORDSWORTH'S TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
7. TRUSTEES, REMUNERATION AND EXPENSES
None of the trustees received any remuneration or reimbursement of expenses during the year (2023.. nil).
There were no employees during the year (2023: none).
8. CASH AT BANK AND IN HAND
2024
2023
"School Fund" account
"Income Appeal" account
147,426
84,696
98,673
49,615
232,122
148,288
9. CREDITORS: AMOUNTS DUE WITHIN ONE YEAR
2024
2023
Accrued expenses
2,107
2,107
10. UNRESTRICTED FUNDS
1 Sept
2023
Incoming
resources
Outgoing Gainsl{losses) Balance at
resources
& transfers
31 Aug 2024
General fund
881,040
86,568
17,941
26,581
976,248
881,040
86,568
17,941
26,581
976,248
Comparative information in respect of the preceeding period is as follows..
1 Sept
2022
Incoming
resources
Outgoing Gainsl(losses) Balance at
resources
& transfers
31 Aug 2023
General fund
835,305
92,874
18,038
(29,101)
881,040
835,305
92,874
18,038
(29,101)
881,040

BISHOP WORDSWORTH'S TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
11. RESTRICTED FUNDS
Balance at
1 Sept
2023
Balance at
31 Aug
2024
Incoming
resources
Outgoing Gainsl(losses)
resources
& transfers
Sport
AGP
Music
Prizes
1,000
13,822
1,167
610
1,000
50
45,094
7,385
34,505
58,866
8,552
32,040
3,075
86,984
16,599
4,125
99,458
The Sport Fund represent donations and sponsorship received for the specific purpose of
supporting games and sport at Bishop Wordsworth's Church of England Grammar School.
The AGP Fund represents donations and sponsorship received for the specific purpose of
supporting instsllation of an artificial grass pitch (AGP) at the School.
The Music Fund represent donations and sponsorship received for the specific purpose of
supporting extra-curricular music at the School.
The Prize Fund represents donations received for the specrfic purpose of presenting prizes and
scholarships to students at the School.
Comparative information in respect of the preceeding period is as follows:
Balance at
1 Sept
2022
Balance at
31 Aug
2023
Incoming
resources
Outgoing Galnsl(losses
resources
& transfers
Sport
AGP
Music
Prizes
500
33,671
9,824
410
500
11,423
2,962
40,405
45,094
7,385
34,505
5,401
6,310
54,790
44,405
12,211
86,984
io

BISHOP WORDSWORTH'S TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible
flxed assets
Investment
Current
assets
Current
liabilities
Totsl
Unrestricted
General fund
501,589
341,602
135,164
{2,107)
976,248
Restricted
Sport
AGP
Music
Prizes
58,866
8,552
32,040
58,866
8,552
32,040
501,589
341,602
234,622
(2,107)
1,075,706
Note.. the Balances and Totals include unrealised investment gains.
Comparative information in respect of the preceeding period is as follows:
Tangible
fixed assets
Investment
Current
assets
Current
liabilities
Total
Unrestricted
General fund
504,715
315,021
29,110
848,846
Restricted
Sport
AGP
Music
Prize fund
78,765
11,808
28,605
78,765
11.808
28,605
504,715
315,021
148,288
968,024
13. RELATED PARTY TRANSACTIONS
During the year, donations of £11,254 (2023: £8,162} were made to Bishop Wordsworth's Church of
England Grammar School, and rental income of £22,500 (2023 £14,002) was received from the
There were no other related party transactions (2023: none).
14. CONTINGENT LIA81LITY
In May 2022, Bishop Wordsworth's Church of England Grammar School was awarded a grant by the
Department for Education to build a new teaching block. The School is seeking planning consent and
the Trust has a contingent liability to contribLrte £210,000 to the project in the event of construction
going ahead.
li