WINE AND SPIRIT EDUCATION TRUST

Registered charity 313766 · accounts filings on the Charity Commission register · also known as W S E T, WINE AND SPIRIT EDUCATION TRUST LTD, WSET

Promotion provision and development of high quality education and training in wines and spirits, in the United Kingdom and elsewhere, for those who are engaged in the wine and spirit trade or who intend to be so engaged or connected and members of the general public.

Causes: Education/training · website · Get email alerts

Latest income
£22.7m
Latest spending
£21.4m
Registered
1969
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net income of £1.3m, driven by property revaluations, while operational EBITDA fell to £3.0m against a target of £4.1m due to economic conditions. Unrestricted general reserves stand at £4.1m, which is below the stated long-term policy target of three months' costs (£5.4m), providing just over 2.5 months' cover. The charity continues as a going concern with adequate resources, despite having breached loan covenants during the year.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £4.1m; policy: three months' costs, currently £5.4m)
“Monthly operational expenditure stands at approximately £1.8m, therefore general reserves provide just over 2.5 months’ cover. The WSET has a long-term group reserves policy based on three months’ costs, currently £5.4m.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Rental payments to WSTA, where a trustee is a board member.
“Miles Beale is a member of the Board of the Wine & Spirit Trade Association, that is a tenant of the WSET for accommodation with a rental value of £55,000 per annum.” — page 37
“WSET also donated £12,000 towards Drinks United Fund in the year.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donation to Drinks United Fund.
“Miles Beale is a member of the Board of the Wine & Spirit Trade Association, that is a tenant of the WSET for accommodation with a rental value of £55,000 per annum.” — page 37
“WSET also donated £12,000 towards Drinks United Fund in the year.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Purchase of subscription services from WSTA.
“Miles Beale is a member of the Board of the Wine & Spirit Trade Association, that is a tenant of the WSET for accommodation with a rental value of £55,000 per annum.” — page 37
“WSET also donated £12,000 towards Drinks United Fund in the year.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Purchase of membership fees and training from Institute of Masters of Wine, represented by trustees.
“Miles Beale is a member of the Board of the Wine & Spirit Trade Association, that is a tenant of the WSET for accommodation with a rental value of £55,000 per annum.” — page 37
“WSET also donated £12,000 towards Drinks United Fund in the year.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donation from Worshipful Company of Distillers, represented by a trustee.
“Miles Beale is a member of the Board of the Wine & Spirit Trade Association, that is a tenant of the WSET for accommodation with a rental value of £55,000 per annum.” — page 37
“WSET also donated £12,000 towards Drinks United Fund in the year.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 4 of 6 completeness components.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/07/2025)

Total income
£22.7m
Total spending
£21.4m
Cost of raising funds
£1.1m
Reserves (reported)
£4.1m
Employees
183

Reported reserves equal ~2.3 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Charitable activities (95% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 4.9% of total income — above the median for charities its size (3.8%) (benchmarks).

Trustees · trustee networks

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

Operates in: Argentina · Australia · Austria · Belgium · Brazil · Bulgaria · Canada · Cayman Islands · Chile · China · Colombia · Croatia

Income and spending

Financial year endIncomeSpending
31/07/2025£22.7m£21.4m
31/07/2024£22.9m£23.2m
31/07/2023£22.1m£22.6m
31/07/2022£17.2m£18.4m
31/07/2021£16.2m£15.7m

Common questions

Is WINE AND SPIRIT EDUCATION TRUST financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net income of £1.3m, driven by property revaluations, while operational EBITDA fell to £3.0m against a target of £4.1m due to economic conditions. Unrestricted general reserves stand at £4.1m, which is below the stated long-term policy target of three months' costs (£5.4m), providing just over 2.5 months' cover. The charity continues as a going concern with adequate resources, despite having breached loan covenants during the year. Its FY2025 accounts were audited by Crowe U.K. LLP.

Who funds WINE AND SPIRIT EDUCATION TRUST?

Funders whose own accounts filings name WINE AND SPIRIT EDUCATION TRUST as a grant recipient include Academie du Vin Foundation.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
Academie du Vin FoundationFY2022£20k
Academie du Vin FoundationFY2023£12k

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with Academie du Vin Foundation.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
WINE AND SPIRIT EDUCATION TRUST£22.7m——below—no doubt
Academie du Vin Foundation FY2025£612k—0unclear—no doubt
THE FOOD AND DRINK TRAINING AND EDUCATION COUNCIL LIMITED FY2025£1.5m——unclear—no doubt
NEW WINE INTERNATIONAL FY2024£1.6m——unclear—no doubt
THE LICENSED TRADE CHARITY FY2024£29.8m——unclear—no doubt
THE EDUCATION AND TRAINING FOUNDATION FY2025£20.4m——above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.