ST. ALBANS SCHOOL WOOLLAM TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net movement in funds surplus of £142,883 for the year ended 31 August 2024, compared to a deficit in the prior year. Per the trustees' report, unrestricted reserves increased to £1,866,152, which the trustees consider adequate to meet unforeseen maintenance costs and support the charity's ongoing operations.
What the accounts disclose
“It is the Trustee’s policy to maintain adequate reserves to enable the Trust to meet unforeseen costs in respect of maintenance of the Trust land and buildings.” — page 7
“Abbey Gateway Enterprises Limited licences and runs the Sports Centre out of school hours.” — page 6
Leadership, per the charity’s website
- Joe Silvester — Headmaster
- Neil Osborn — Chairman of the Board of Governors
- Anna Philpott — Vice Chairman of the Board of Governors
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- ST ALBANS SCHOOL WOOLLAM TRUSTEE COMPANY LIMITED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £1.7m | £1.7m |
| 31/08/2024 | £1.9m | £1.7m |
| 31/08/2023 | £1.7m | £1.7m |
| 31/08/2022 | £1.5m | £1.6m |
| 31/08/2021 | £1.3m | £1.4m |
Common questions
Is ST. ALBANS SCHOOL WOOLLAM TRUST financially healthy?
The accounts state that the charity reported a net movement in funds surplus of £142,883 for the year ended 31 August 2024, compared to a deficit in the prior year. Per the trustees' report, unrestricted reserves increased to £1,866,152, which the trustees consider adequate to meet unforeseen maintenance costs and support the charity's ongoing operations. Its FY2024 accounts were audited by Saffery LLP.