WorldSkills UK
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £250,400 for the year, resulting in a decrease in total net assets to £2.58 million. Per the trustees' report, unrestricted free reserves stood at £1.72 million, which is above the stated minimum policy target of £1.95 million, although the charity faces ongoing funding pressures from a reduced Department for Education grant.
What the accounts disclose
“The total level of minimum reserves is therefore set at £1.95m based on the 2024-25 budget.”
“The Skills Show Ltd which is a fully owned subsidiary of WorldSkills UK has remained dormant throughout the year and has not traded in 2023/24.” — page 3
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- MARION GRACE PLANT OBEchair
- Audrey Nelson Downing
- Jatinder Sharma CBE, DL
- Jennifer Coupland
- Jonathan Peter Vincent
- Justin Rix
- Mark Jonathan Farrar
- Mel Higgins
- Michael James
- Nichola Hay MBE
- Professor Sean James Wellington
- Rachel Wilson
- Shane Mann
- Tanaka Chiimba
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £8.1m | £8.4m |
| 31/03/2024 | £8.0m | £8.5m |
| 31/03/2023 | £8.6m | £8.9m |
| 31/03/2022 | £8.8m | £8.5m |
| 31/03/2021 | £6.8m | £6.2m |
Common questions
Is WorldSkills UK financially healthy?
The accounts state that the charity reported a net expenditure of £250,400 for the year, resulting in a decrease in total net assets to £2.58 million. Per the trustees' report, unrestricted free reserves stood at £1.72 million, which is above the stated minimum policy target of £1.95 million, although the charity faces ongoing funding pressures from a reduced Department for Education grant. Its FY2025 accounts were audited by Forvis Mazars LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £10.0m |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £4.5m |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £2.3m |
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £2.3m |
| THE PRUDENCE TRUST | 1 | £1.0m |
| THE WESTMINSTER FOUNDATION | 1 | £565k |
| THE ASTRA FOUNDATION | 1 | £300k |
| ELRHA | 1 | £276k |