BISHOP WORDSWORTH'S TRUST
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Charity Number: 309475
BISHOP WORDSWORTH'S TRUST CONTENTS OF THE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
| Page | |
|---|---|
| Trustees' Report | 1-2 |
| Legal and Administrative Information | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7-11 |
BISHOP WORDSWORTH'S TRUST TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025
The trustees present their annual report together with the financial statements of Bishop Wordsworth's Trust (the “Trust”) for the year ended 31 August 2025.
Legal and administrative information set out on page 3 forms 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".
OBJECTIVES 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 external 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 objects 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
During the year the Trust donated £100,000 to the School.
FINANCIAL REVIEW
During the year the Trust received £82,954 (2024: £103,167) and expended £113,872 (2024: £22,066). This generated a deficit for the year (including unrealised loss on investments) of £41,296 (2024: £107,682 surplus), taking the year end funds to £1,034,410 (2024: £1,075,706).
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 block 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 5[th] December 1962. Its governing document was updated under a scheme by the Charity Commission on 30[th] 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 Report.
1
BISHOPWORDSWORTH'S TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 STATEMENT OF TRUSTEE'S RESPONSIBILITIES The Trustees are responsible for preparing the Trustees, Annual Report and the financial staternents In ac¢ordan¢e with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pradicel. The law applicable lo charitS in England & Wales requires the Trusleos lo prepare finanual statements for each financial year which givè a true and fair view of the slate of affairs of the Charity of the incoming resources and application of resourees of the Charity for that pgriod. In preparing these financial statements, the Trustees are required to". Selèct suitable accounting policies and then apply them consistently., Obswve the methIS and principles In the Charities SORP 2015 IFRS 1021., Make judgements and estsmates that are reasonable and prudent., Stsle whether applicable accounting standards have been folli)wed, Subject lo any material departures disc108ed and explained in the financial stalementS', Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will eonlinue in operation. The Trustees are responsible for keepng proper accounting records that disclose wrth reasonable accuracy al any lime the finanaal position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, thè Chaty (Aceounts and Reports) Regulations 2008 and the provisions of the trust deed. They are a150 responsible for safeguarding the assets of the Charity and hence lor taking reasonable steps for the prevention and detection of fraud and other irrègularities. Approved by the Trustees on . and signed on their by.. Julia Cox Trustee
BISHOP WORDSWORTH'S TRUST LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 AUGUST 2025
| Status: | The organisation was registered as a charity on 5 December 1962. |
|---|---|
| Charity Number: | 309475 |
| Registered Office: | Bishop Wordsworth's School |
| Exeter Street | |
| Salisbury | |
| SP1 2ED | |
| Trustees: | Mrs J N Cox (from 9 December 2024) |
| Mr B L Smith (until 27 August 2025) | |
| Mr J R B Blake | |
| Mr N Williams | |
| Mr M Harmsworth (from 10 April 2025) | |
| Mr W Gauhar (from 27 August 2025) | |
| Bankers: | Lloyds Bank plc |
| Blue Boar Row | |
| Salisbury | |
| SP1 1DA | |
| Independent Examiner: | Simon Ellingham FCA |
| Fawcetts LLP Chartered Accountants | |
| Windover House | |
| St Ann Street | |
| Salisbury | |
| SP1 2DR |
3
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BISHOP WORDSWORTH'S TRUST
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2025 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 Charity Commission under section 145(5)(b) of the Act.
Independent examiner's 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
-
the accounts do not comply with the applicable requirements concerning 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.
Simon Ellingham BA FCA DChA Fawcetts LLP Windover House St Ann Street Salisbury SP1 2DR
29 June 2026 Date: ……………………
4
BISHOP WORDSWORTH'S TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
| Unrestricted Restricted Note £ £ INCOME AND ENDOWMENTS FROM: 2 36,194 14,927 - - 3 22,500 - 9,333 - 68,027 14,927 - - 4 110,972 2,900 110,972 2,900 - - 5 (10,378) - (53,323) 12,027 Transfers between funds - - (53,323) 12,027 976,248 99,458 922,925 111,485 Total income Charitable activities Total expenditure NET MOVEMENT IN FUNDS Raising funds Investments Funds Donations and legacies Charitable activities Other trading activities Total funds as at 1 September 2024 EXPENDITURE ON: TOTAL FUNDS CARRIED FORWARD RECONCILIATION OF FUNDS: NET INCOME/(EXPENDITURE) FOR THE YEAR Unrealised gains/(losses) on investments Realised gains/(losses) on disposal of investments |
2025 Total £ 51,121 - 22,500 9,333 82,954 - 113,872 113,872 - (10,378) (41,296) - (41,296) 1,075,706 1,034,410 |
2024 Total £ 71,503 - 22,500 9,164 |
|---|---|---|
| 103,167 | ||
| - 22,066 |
||
| 22,066 | ||
| - 26,581 |
||
| 107,682 - |
||
| 107,682 968,024 |
||
| 1,075,706 |
There were no other recognised gains or losses other than those stated above.
The notes form part of these financial statements
5
81SHOP WORDSWORTH'S TRUST BALANCE SHEET AS AT 31 AUGUST 2025 2026 2024 Note FIXED ASSETS Tangible assets Investments 498,464 331.224 829.688 501.589 341,602 843,191 CURRENT ASss Cash at bank and in hand Debtors 204,722 232,122 2.500 CREDITORS: AMOUNTS DUE WITHIN ONE YEAR 2,107 NET CURRENT ASSETS 204,722 232,515 TOTAL ASSETS LESS LIABILITIES 1.034,410 1.075,706 FUNDS Unreslricled funds Restricted fund8 922,925 111,485 976,248 99,458 TOTAL FUNDS 1,034,410 1,075,706 The financial statements were approved and aulhorised for issue by the Board of Trustees on and were signed on its behalf by.. Julla Cox Trustee The notes fomi part of these financial slalemenls
BISHOP WORDSWORTH'S TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. 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
2% straight line
1.4 FUND ACCOUNTING
Unrestricted 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.
2. DONATIONS AND LEGACIES
| Donations (including Gift Aid claimed) Legacies 2024 total |
£ 36,194 - 36,194 54,904 Unrestricted |
Restricted £ 14,927 - 14,927 16,599 |
Total 2025 £ 51,121 - 51,121 71,503 |
Total 2024 £ 71,503 - |
|---|---|---|---|---|
| 71,503 | ||||
3. TRADING ACTIVITES
| Rent received 2024 total |
Unrestricted £ 22,500 22,500 22,500 |
Restricted £ - - - |
Total 2025 £ 22,500 22,500 22,500 |
Total 2024 £ 22,500 |
|---|---|---|---|---|
| 22,500 | ||||
7
BISHOP WORDSWORTH'S TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
4. CHARITABLE ACTIVITIES - EXPENDITURE
| d £ Clubs and events 4,467 Prizes and awards 500 Donations to other charities 100,000 Depreciation 3,126 Support costs 2,879 110,972 2024 total 17,941 5. INVESTMENTS Investment funds: Market value at 1 September 2024 Acquisitions at cost Disposals at opening market value Unrealised gains/(losses) on investments Market value at 31 August 2025 Historic cost of investments 6. FIXED ASSETS Cost At 1 September 2024 Additions Disposals At 31 August 2025 Depreciation At 1 September 2024 Charged in year On disposals At 31 August 2025 Net book values At 31 August 2025 At 31 August 2024 |
Restricted £ 500 2,400 - - - 2,900 4,125 2025 £ 341,602 - - (10,378) 331,224 248,699 |
Total 2025 £ 4,967 2,900 100,000 3,126 2,879 113,872 22,066 2024 £ 315,021 - - 26,581 341,602 248,699 Land and buildings £ 506,278 - - 506,278 4,689 3,125 - 7,814 498,464 501,589 |
Total 2024 £ 7,539 3,715 - 3,126 7,686 |
|---|---|---|---|
| 22,066 | |||
The Bishopgate Site includes land valued at £350,000 which is not depreciated.
8
BISHOP WORDSWORTH'S TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
7. TRUSTEES' REMUNERATION AND EXPENSES
None of the trustees received any remuneration or reimbursement of expenses during the year (2024: nil). There were no employees during the year (2024: none).
8. CASH AT BANK AND IN HAND
| CASH AT BANK AND IN HAND | ||
|---|---|---|
| "School Fund" account "Income Appeal" account CREDITORS: AMOUNTS DUE WITHIN ONE YEAR Accrued expenses |
2025 £ 189,286 15,436 204,722 2025 £ - |
2024 £ 147,426 84,696 |
| 232,122 | ||
| 2024 £ 2,107 |
||
| 2,107 |
9. CREDITORS: AMOUNTS DUE WITHIN ONE YEAR
10. UNRESTRICTED FUNDS
| General fund | 1 Sept 2024 £ 976,248 976,248 |
Incoming resources £ 68,026.85 68,027 |
Outgoing resources £ £ 110,972 (10,378) 110,972 (10,378) Gains/(losses) & transfers |
Balance at 31 Aug 2025 £ 922,924.85 |
|---|---|---|---|---|
| 922,925 |
Comparative information in respect of the preceeding period is as follows:
| General fund | 1 Sept 2023 £ 881,040 881,040 |
Incoming resources £ 86,568 86,568 |
Outgoing resources £ £ 17,941 26,581 17,941 26,581 Gains/(losses) & transfers |
Balance at 31 Aug 2024 £ 976,248 |
|---|---|---|---|---|
| 976,248 |
9
BISHOP WORDSWORTH'S TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
11. RESTRICTED FUNDS
| RESTRICTED FUNDS | ||||
|---|---|---|---|---|
| Sport AGP Music Prizes |
Balance at 1 Sept 2024 £ - 58,866 8,552 32,040 99,458 |
Incoming resources £ 500 10,888 3,094 445 14,927 |
Outgoing resources £ £ 500 - - - - - 2,400 - 2,900 - Gains/(losses) & transfers |
Balance at 31 Aug 2025 £ - 69,754 11,646 30,085 |
| 111,485 |
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 installation 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 specific purpose of presenting prizes and scholarships to students at the School.
Comparative information in respect of the preceeding period is as follows:
| Sport AGP Music Prizes |
Balance at 1 Sept 2023 £ - 45,094 7,385 34,505 86,984 |
Incoming resources £ 1,000 13,822 1,167 610 16,599 |
Outgoing resources £ £ 1,000 - 50 - - - 3,075 - 4,125 - Gains/(losses) & transfers |
Balance at 31 Aug 2024 £ - 58,866 8,552 32,040 |
|---|---|---|---|---|
| 99,458 |
10
BISHOP WORDSWORTH'S TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Tangible fixed assets Investment Current assets Current liabilities Unrestricted £ £ £ £ General fund 498,464 331,224 93,237 - Restricted Sport - - - - AGP - - 69,754 - Music - - 11,646 - Prizes - - 30,085 - 498,464 331,224 204,722 - Note: the Balances and Totals include unrealised investment gains. Comparative information in respect of the preceeding period is as follows: Unrestricted £ £ £ £ General fund 501,589 341,602 135,164 2,107 - Restricted Sport - - - - AGP - - 58,866 - Music - - 8,552 - Prize fund - - 32,040 - 501,589 341,602 234,622 2,107 - Current liabilities Investment Current assets Tangible fixed assets |
Total £ 922,925 - 69,754 11,646 30,085 |
|---|---|
| 1,034,410 | |
| Total £ 976,248 - 58,866 8,552 32,040 |
|
| 1,075,706 |
13. RELATED PARTY TRANSACTIONS
During the year, grant/donations of £100,000 (2024: £11,254) were made to Bishop Wordsworth's Church of England Grammar School, and rental income of £22,500 (2024 £22,500) was received from
There were no other related party transactions (2024: none).
14. CONTINGENT LIABILITY
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 contribute £210,000 to the project in the event of construction going ahead.
11