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THE WORKFORCE DEVELOPMENT TRUST LIMITED

Registered charity 1143246 · accounts filings on the Charity Commission register · also known as SKILLS FOR HEALTH LIMITED · also registered in Scotland as SC045901 (OSCR)

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Latest income
£8.6m
Latest spending
£10.6m
Registered
2011
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the Group reported a surplus of £1,824,255 for the year ended 30 September 2024, with total unrestricted funds carried forward amounting to £11,505,117. Per the trustees' report, the organization maintains strong cash reserves of £7.6m and free reserves of £11.5m, supporting a forecast of continued operating surpluses and a sustainable growth strategy. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

What the accounts disclose

Reserves policy: enable the organisation to navigate difficult market conditions over the next 5 years (held: £11.5m)
“Our reserves policy will enable the organisation to navigate difficult market conditions over the next 5 years, ensuring the organisation remains sustainable into the foreseebale future and is able to invest signficantly for future growth.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: J Newman (Chair) received £29,673; J Rogers (Chief Executive) received £222,312.
“The value of Trustees remuneration, including employers pension costs, for the year was as follows; Newman (Chair) £29,673 (2023: £29,691), Rogers (Chief Executive) £222,312 (2023: £167,824).”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The accounts state the trust claims exemption under FRS 102 Section 33 not to disclose transactions with wholly owned subsidiaries, but lists the subsidiaries and their profit/loss.
“The Workforce Development Trust Limited is claiming the exemption under FRS 102 Section 33 not to disclose transactions with wholly owned subsidiaries.” — page 41
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Bishop Fleming LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 30/09/2025)

Total income
£8.6m
Total spending
£10.6m
Cost of raising funds
£4.7m
Reserves (reported)
£9.7m
Employees
96

Reported reserves equal ~10.9 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

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

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
30/09/2025£8.6m£10.6m
30/09/2024£12.1m£10.3m
30/09/2023£10.4m£10.3m
30/09/2022£11.3m£10.6m
30/09/2021£9.4m£9.1m

Common questions

Is THE WORKFORCE DEVELOPMENT TRUST LIMITED financially healthy?

The accounts state that the Group reported a surplus of £1,824,255 for the year ended 30 September 2024, with total unrestricted funds carried forward amounting to £11,505,117. Per the trustees' report, the organization maintains strong cash reserves of £7.6m and free reserves of £11.5m, supporting a forecast of continued operating surpluses and a sustainable growth strategy. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Bishop Fleming LLP.