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THE KING'S SCHOOL WORCESTER

Registered charity 1098236 · accounts filings on the Charity Commission register

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Latest income
£20.8m
Latest spending
£23.4m
Registered
2003
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the school reported a net deficit of £2,602,000 for the year ended 31 July 2025, primarily driven by the introduction of VAT on school fees and pension scheme remeasurements. Per the trustees' report, free reserves stood at £nil, having been actively reduced to support the strategic decision not to pass VAT costs onto parents, while the school maintains adequate banking facilities and a repayment holiday to continue operations.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“The Foundation ended with cash and cash equivalents of £3.8m a decrease on the 2024 balance of £6.7m. The school’s unrestricted reserves are deployed as funds for part of the school’s premises and equipment and at the year end free reserves represented a balance of £nil (2024: £1.1m).” — page 29
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The school conducted business with the Dean and Chapter of Worcester Cathedral including their related Enterprise company in respect of events and staffing... totalling £3,445... and totalling £131,742... in respect of choral scholarships.
“In the course of its ordinary activities the school conducted business with the Dean and Chapter of Worcester Cathedral including their related Enterprise company in respect of events and staffing, all negotiated at arm’s length on normal commercial terms, totalling £3,445 (2024: £3,736) and totalling £131,742 (2024: £99,872) in respect of choral scholarships.” — page 66
“The School Governors include a partner in Fisher German LLP, who administer Worcester Cathedral’s property lets to the school. The value of rental services provided to the school during the year, all of which were negotiated at arm’s length and supplied on normal commercial terms, amounted to £131,361 (2024: £114,899).” — page 66
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The School Governors include a partner in Fisher German LLP, who administer Worcester Cathedral’s property lets to the school. The value of rental services provided to the school during the year... amounted to £131,361.
“In the course of its ordinary activities the school conducted business with the Dean and Chapter of Worcester Cathedral including their related Enterprise company in respect of events and staffing, all negotiated at arm’s length on normal commercial terms, totalling £3,445 (2024: £3,736) and totalling £131,742 (2024: £99,872) in respect of choral scholarships.” — page 66
“The School Governors include a partner in Fisher German LLP, who administer Worcester Cathedral’s property lets to the school. The value of rental services provided to the school during the year, all of which were negotiated at arm’s length and supplied on normal commercial terms, amounted to £131,361 (2024: £114,899).” — page 66
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The school received grant funding from The King’s School Worcester Charitable Trust totalling £266,493.
“In the course of its ordinary activities the school conducted business with the Dean and Chapter of Worcester Cathedral including their related Enterprise company in respect of events and staffing, all negotiated at arm’s length on normal commercial terms, totalling £3,445 (2024: £3,736) and totalling £131,742 (2024: £99,872) in respect of choral scholarships.” — page 66
“The School Governors include a partner in Fisher German LLP, who administer Worcester Cathedral’s property lets to the school. The value of rental services provided to the school during the year, all of which were negotiated at arm’s length and supplied on normal commercial terms, amounted to £131,361 (2024: £114,899).” — page 66
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The school entered into an agreement to borrow £680,000 from the King’s School Worcester Charitable Trust.
“In the course of its ordinary activities the school conducted business with the Dean and Chapter of Worcester Cathedral including their related Enterprise company in respect of events and staffing, all negotiated at arm’s length on normal commercial terms, totalling £3,445 (2024: £3,736) and totalling £131,742 (2024: £99,872) in respect of choral scholarships.” — page 66
“The School Governors include a partner in Fisher German LLP, who administer Worcester Cathedral’s property lets to the school. The value of rental services provided to the school during the year, all of which were negotiated at arm’s length and supplied on normal commercial terms, amounted to £131,361 (2024: £114,899).” — page 66
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: King’s School Worcester Activities Limited, KSW Enterprises Limited
“The School has two related non-charitable subsidiary companies, King’s School Worcester Activities Limited (Company No: 01472145) and KSW Enterprises Limited (Company No: 07141348).” — page 6
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/07/2025)

Total income
£20.8m
Total spending
£23.4m
Cost of raising funds
£602k
Reserves (reported)
£20.9m
Employees
259

Reported reserves equal ~10.7 months of spending — above the median for charities its size (median 4.6 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Worcestershire

Income and spending

Financial year endIncomeSpending
31/07/2025£20.8m£23.4m
31/07/2024£20.8m£21.0m
31/07/2023£20.0m£19.8m
31/07/2022£18.2m£18.0m
31/07/2021£16.6m£16.7m

Common questions

Is THE KING'S SCHOOL WORCESTER financially healthy?

The accounts state that the school reported a net deficit of £2,602,000 for the year ended 31 July 2025, primarily driven by the introduction of VAT on school fees and pension scheme remeasurements. Per the trustees' report, free reserves stood at £nil, having been actively reduced to support the strategic decision not to pass VAT costs onto parents, while the school maintains adequate banking facilities and a repayment holiday to continue operations. Its FY2025 accounts were audited by Crowe U.K. LLP.