# **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 charit￿S 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 meth￿IS 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: 1. 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 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 ASs￿s 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