Wells Blue School Charity
Administration of Foundation income and assets; decisions on spending of income according to Scheme of Foundation in support of the school and its students.
Financial health, per its FY2024 accounts
The accounts state that the charity holds total unrestricted free reserves of £10,460, which is below its stated policy target of approximately 12 months of unrestricted expenditure. Despite this, the trustees confirm the charity is in a strong position to continue its activities and that assets are adequate to fulfil obligations.
What the accounts disclose
“It is the charity's policy to maintain unrestricted funds, which are the free reserves of the charity at a level which equates to approximately 12 months unrestricted expenditure” — page 5
“The charity awarded the Blue School £27,932 in support of projects for the year as disclosed in note 5.” — page 18
Trustees
- Alexia James
- Darrell Frost
- David Hiscox
- Dr Katrina Bradley
- Jonathan Brown
- Marisa Louise Taylor
- Mark Robert Woodlock
- Naomi Giaretta
- Paul James
- Philip Welch
- Phillip Burrows
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £98k | £33k |
| 31/12/2023 | £197k | £30k |
| 31/12/2022 | £36k | £14k |
| 31/12/2021 | £35k | £68k |
| 31/12/2020 | £27k | £30k |
Common questions
Is Wells Blue School Charity financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds total unrestricted free reserves of £10,460, which is below its stated policy target of approximately 12 months of unrestricted expenditure. Despite this, the trustees confirm the charity is in a strong position to continue its activities and that assets are adequate to fulfil obligations. Its FY2024 accounts were independently examined.