THE WELLS CATHEDRAL SCHOOL FOUNDATION
Latest income
£240k
Latest spending
£168k
Registered
2007
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £115,078 for the year ended 31 August 2025, with total net assets increasing to £1,880,287. The Trustees confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern, citing adequate resources for the foreseeable future.
What the accounts disclose
Reserves policy: The policy of the Trustees is to use available unrestricted general funds for bursaries, other financial assistance for pupils and the general expenses of the Foundation. (held: £206k)
“The policy of the Trustees is to use available unrestricted general funds for bursaries, other financial assistance for pupils and the general expenses of the Foundation.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The School funded the initial set up costs of the Foundation and will fund certain ongoing costs of operation of the Foundation as agreed in the ‘memorandum of understanding’ between the School and the Foundation. In 2025, the Foundation’s operating costs of £83,979 (2024: £69,610) were recharged to the School.
“In 2025, the Foundation’s operating costs of £83,979 (2024: £69,610) were recharged to the School.”
“The staff employed by the School were paid £78,138 (2024: £70,169), £59,187 (2024: £37,750) of which is incorporated in the operating expenses and gifts in kind from the School of £83,979 (2024: £69,610), the balance of £18,951 (2024: £32,419) being borne by the Foundation.” — page 25
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The School employed staff for the Foundation's development office. Staff costs of £78,138 were paid by the School, with £59,187 incorporated in operating expenses and gifts in kind, and the balance of £18,951 borne by the Foundation.
“In 2025, the Foundation’s operating costs of £83,979 (2024: £69,610) were recharged to the School.”
“The staff employed by the School were paid £78,138 (2024: £70,169), £59,187 (2024: £37,750) of which is incorporated in the operating expenses and gifts in kind from the School of £83,979 (2024: £69,610), the balance of £18,951 (2024: £32,419) being borne by the Foundation.” — page 25
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Foundation made donations to the School of £36,832 for bursaries and specific projects.
“In 2025, the Foundation’s operating costs of £83,979 (2024: £69,610) were recharged to the School.”
“The staff employed by the School were paid £78,138 (2024: £70,169), £59,187 (2024: £37,750) of which is incorporated in the operating expenses and gifts in kind from the School of £83,979 (2024: £69,610), the balance of £18,951 (2024: £32,419) being borne by the Foundation.” — page 25
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Two Trustees were parents of pupils at the School and paid fees on the same terms as any other parent.
“In 2025, the Foundation’s operating costs of £83,979 (2024: £69,610) were recharged to the School.”
“The staff employed by the School were paid £78,138 (2024: £70,169), £59,187 (2024: £37,750) of which is incorporated in the operating expenses and gifts in kind from the School of £83,979 (2024: £69,610), the balance of £18,951 (2024: £32,419) being borne by the Foundation.” — page 25
Per its FY2025 accounts as filed with the Charity Commission.
Register events
- Received assets from another charity (18/09/2025)
- Received assets from another charity (22/06/2018)
Trustees
- CHRISTOPHER SHAUN TUDOR SEATONchair
- ALAN DURRANT
- Alastair Geoffrey Tighe
- Charlotte Ann Sheaf
- DAVID ALFRED JOHN BROWN OBE
- MASSIMILANO COSTANTINI
- Melissa Potter
- PHILIP ROBERT LEMANSKI FCA MA
- Timothy William Hunt Lewis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £240k | £168k |
| 31/08/2024 | £225k | £220k |
| 31/08/2023 | £228k | £108k |
| 31/08/2022 | £158k | £129k |
| 31/08/2021 | £269k | £145k |
Common questions
Is THE WELLS CATHEDRAL SCHOOL FOUNDATION financially healthy?
The accounts state that the charity reported a net surplus of £115,078 for the year ended 31 August 2025, with total net assets increasing to £1,880,287. The Trustees confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern, citing adequate resources for the foreseeable future. Its FY2025 accounts were audited by Crowe U.K. LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CHARLES SKEY CHARITABLE TRUST | 1 | £50k |
| THE FAIRFIELD CHARITABLE TRUST | 1 | £40k |
| THE MEDLOCK CHARITABLE TRUST | 1 | £25k |
| THE DICKINSON FAMILY CHARITABLE TRUST | 1 | £16k |
| THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENT | 1 | £5k |