The King's School Worcester Charitable Trust
Financial health, per its FY2023 accounts
The accounts state that total reserves at the year end were £5,058,407, of which £31,018 were unrestricted. The trustees report that unrestricted reserves are in excess of their stated policy target, which requires sufficient funds to meet on-going expenses and non-bursary charitable funding intentions for the next 12 months plus the renewal cost of bursary commitments for the next three academic years. The trustees consider the results for the year satisfactory and sufficient funds are available to permit the Trust to continue in operation in the medium term.
What the accounts disclose
Structured financials (annual return, FY ending 31/07/2022)
Trustees
- Nicholas William Clarkchair
- DAVID LAURENCE GREEN
- DONALD TREVOR HOWELL
- HUGH BAMPFIELD CARSLAKE
- Hannah Edwards
- John Foley
- John Francis Attwater
- Thomas Dupernex
- Timothy Rupert Brock
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £494k | £360k |
| 31/07/2024 | £248k | £308k |
| 31/07/2023 | £205k | £348k |
| 31/07/2022 | £1.5m | £352k |
| 31/07/2021 | £370k | £242k |
Common questions
Is The King's School Worcester Charitable Trust financially healthy?
The accounts state that total reserves at the year end were £5,058,407, of which £31,018 were unrestricted. The trustees report that unrestricted reserves are in excess of their stated policy target, which requires sufficient funds to meet on-going expenses and non-bursary charitable funding intentions for the next 12 months plus the renewal cost of bursary commitments for the next three academic years. The trustees consider the results for the year satisfactory and sufficient funds are available to permit the Trust to continue in operation in the medium term. Its FY2023 accounts were audited by Richards Sandy Audit Services Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ABDALLA FOUNDATION | 1 | £7k |