RISHWORTH SCHOOL
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £278,857 for the year ended 31 August 2024, driven by rising staff costs and inflationary pressures. Per the trustees' report, free reserves are in a deficit of £1,160,223, which is below the stated policy target of £2 million, although the total funds held remain positive at £2,633,459. The trustees confirm that the school has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“The free reserves are in deficit by £1,160,223 and below the desired target of £2million set by the Trustees.”
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- THE REVEREND CANON HILARY BARBERchair
- Barrie Haley Moore
- Elisa Davies
- Joanne Kaye
- MAXINE GARBETT
- Oliver Handley
- Raymond O'Toole
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £6.4m | £6.9m |
| 31/08/2024 | £6.0m | £6.4m |
| 31/08/2023 | £5.7m | £6.1m |
| 31/08/2022 | £5.4m | £5.6m |
| 31/08/2021 | £5.4m | £5.4m |
Common questions
Is RISHWORTH SCHOOL financially healthy?
The accounts state that the charity reported a net deficit of £278,857 for the year ended 31 August 2024, driven by rising staff costs and inflationary pressures. Per the trustees' report, free reserves are in a deficit of £1,160,223, which is below the stated policy target of £2 million, although the total funds held remain positive at £2,633,459. The trustees confirm that the school has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Streets Spenser Wilson (Yorkshire) Ltd.