Reglstarod Charfty Number 1199601 Welford Educational Trust (Incorporatlng Welford chUh of England School and School Hous• Trust) Annual Report and Financial Statements for the period 8 July 2022 to 30 September 2023
Welford Edu¢atlonal Trust Ilncorporatlng Welford Church of England School and s¢101 Ho Trusl) Flnandal Stat•ments - 30 September 2023 Contents Legal arKI Admlrmstrative Infomation Trustees, Annual Rep Independent examinerfs rewt Recaipts aThJ Payments account Statement of assets arKI Ilabifits8 Notes to the accounts
Welford Educatlonal Trnst (Ineorporatlng Welford Church of England School and School Hou80 Tru81) Logal and Admlnl8tratlve Inforniatlon Tru8tee8 R P Finch M Wilson J A Nicholas J M Roberts MEBott GFBall N D Brotherton Charity Number 1199601 Contact address 7 Salford CIo8e Welford Northampton NN6 6JJ Independgnt examlner C H Brown ACMA 79 Wesl Street Welford Northants (i)
Welford Educatlonal Trust (Incorporatlng Welford Church of England School and School House Trust) Reglstered Charfty Number 1199601 Trust•o8' Annual Report for the period 8 July 2022 10 30 Septembor 2023 The truste88 present thelr annual report and flnancl818tatemenl$ for the period 8 July 2022 to 30 September 2023 The financial 8tatement8 have been prepared in accordance with the ch8ritl8 constllutlon on a receipts and paymènts basi8 in accordance with S132 of Charitte8 Act 2011 Structurn and governanc The chaiity 58 a Charllable Incorporated ganIsatIOn and ig governed by Its con81itutlon dated 11 March 2022 a copy of whlch has been lodged with the Charity C¢mml8sion for England and Wales The board of Iru8te•8 of thè dmrlty ¢on81811 ol a maxlmum of nlne tnJ8tee8 the appolntmont of whlch Is as follows: Three Ex-OfffcS0 truste•¥ comprlsed of th• lknar and ChurGhward•n8 of the occlesia8tical paflsh of St Mary the Virgin, Welford Two nominative Irustoes nominated by Welford Parlsh Councl Four co-operatlve Irustee8 Co•opefotlve Iru8tees are appointed for a temi of flv• year8. In 8ccordan¢e wlth the charftI8 constiiutlon the Inltlal coperatIve trustees will be appolnted for the followlng perfod$, C operative trustees are entllled to stand for reryelection ME 80tt 3 year8 JM Robert8 4 years RP Finch 5 year8 Nomlnated tru8tee8 are appointed for a p9ri0d of four year8, Thelr appolntment mu8t b• made at a meeting held accordlng to the ordinary practice of Wellord Parish Counc51 The trustees who served during the accounting perlod and up to the date of the 81gnature of ihe financial stalementg Ware,. Co-operative MJ Mor8on ME Bott JM Roberts RP Flnch Revd Cannon MJ Haynes JD Howe11OneS GF 8011 J A Nicholas ND Brotherton DA Whiskin M Wilson Oeceased Ex-offlclo Resigned 31 October 2022 Resigned 9 Seplember 2022 Appolnted 3 February 2023 Nominative Resigned 8 September 2023 Appointed 2 February 2024 The Ix)ard of iru8tee8 meet twlce a year in February and September 12)
Welford Educational Trust (Incorporatlng Welford Church of England School and School Hou80 Trust) Reglstsred Charlty Number 1199601 Trustses. Annual Report for the perfod 8 July 2022 to 30 September 2023 Oblectlve8 and Actfvltle8 (contlnuedl The trust owns freehold land detalled on land Registry Tille NN348476 being Welford Sibbertoft and sbY Endowed School, West Street, Welford. Northampton NN6 6HU. The title of whlch has been vest•d wlth the official custodlan for charities (reference number 52292). The trust us•s the inc¢)me (net of expenses) generated by tnjst property for the folowing purposes The provlsion of special beneffts of any kind not normally provided by the local edurAtion authority or school trust for Welford, Sulby and Sibbertoft Endowed School. The provision of these benefits to be agreed by the trustees arKI the govemors of tho school. The promotion of the educatlon (including social and physical training) ol persons under the age of 25 years who are resident in th& area of the ArKient Parish of Welford and who are in need of financial assistance The provlslon of grants to not for profit organisations located in the area of the Ancient Parish of Welford who Fyovide serrfls to persons under the age of 25 years to assist in the provision of actmties not funded from normal subscriptions vthich assist in the education and dev8lopment of said persons. Achlevements and P•rfom)ance During the period 8 July 2022 to 30 September 2023 the trusl made grants totalling £3.674 to Welford, Sulby and Sibbertoft Endowed School enabling the sch¢)ol to attend theatre productiorK8, to have an author to vlsit the school and support pupils attending residential5. The school PTA were also assisted wth the purchase of diclionaries and rnagazine subscriptions. 20 grants were awarded to persons under the age of 25 attending university or other post 18 educational instilutions and 10 grants were award to person undertaking A levels and other post 16 course to assist with Ihe purchase of books and other referenck material needed 2 grants bNEre awarded to organisations located in the ancient parish of Welford to support pernons under 25 attending residential camps and parb'cipating in the walk to School week.
Welford Educatlonal Tru8t Ilncorporallng Welford Church of England School and School House Trust) Reglstered Charlty Number 1199601 Trustees, Annual Report for the perlod 8 July 2022 to 30 September 2023 Flnanclal Revlew (conllnuod) The charitles ¢apltal investments are adminlstered by M&G Investment and are held in a mlxture of their Charlfund and Charibond Funds. The capital funds transferred from Welford Church of England School and Sch¢)ol House Trust are held in these investment8 the Incom? from which Is paid into the Charity's current account and used for grant making purpo8e8 The funds Invested in Carifunds yiglded an annual return of 8.16% with charibond fund8 yielding a retum of 3.43% The tru8tees declare that they have approved ihe Iruste88 report above. Slg eh If of the charlws Tru8te•s Robe eter Finch Date Trustee and Chalmian 14)
Report to the tru$ts•i of Wolford Educatlonal Trust (In¢orporallng Welford Church of England School and School House Trust), Reg18tered Charlty Number 1199601, on tho accounts for the perlod 8 July 2022 to 30 Septembor 2023 I report to the tru8tees on my examination of Ihe accounts of the above charity {'the Trust.) for the period ended 30 September 2023 As the charlty Iru8tees of the Trust, you are respon8lble for the preparatlon of the accowits In accordance with the requirements of th& Charilles Act 2011 ('the Act.). I report in respect of my examination of the Tru8t'8 account8 carried out under Section 145 01 the 2011 Act and in carrying out my examlnation, I have followed Ihe appllcable Directlom given by the Charity Commission under se¢lion 145(5)(b) of the Act. I have completed my examinatlon. I confirni that no materlal matters have come to my attentlon In connection wllh the examinatlon whlch give8 me cause to belleve that In, any material re8pect'. accounting records were Ixit kept in accordanL* vath section 130 of the Act or the accounts do not accord with the accountin9 records I have no concems and hav• come across no olher matter8 In connection with the examlnation to whlch attention should be drawn in order to enable a proper understandlng of Ihe account8 to be reached C H Brown ACMA 79 West Street Welford Northants Dale
Welford Educatlonal Trust (Incorporatlng Welford chUh of England School and SCI1 Hous• Tru8t) Recelpts and Payments account for the perlod 8 Juty 2022 to 30 Septernber 2023 Recelpts Charifund Dmdends Charibond Dividends 8.564.52 895.97 Payments Grants paid to Individuals Welford. sIbtrtOft and Sulby Endtr1 School WSSES PTA and other orf isations 8,525.00 3.674.00 1100.00 13.299.00 71X).00 66.29 14.065.29 Secretarial and office expenses Sundry Expenses Exce88 of Payments over Recelpts 4.604.80 16}
Welford Educational Trust {Incorporatlng Welford Church of England School and School Houso Trnst> Statement of a88ets and Ilabllltl•8 at 30 September 2023 Ca8h Funds Natwest Bank plc- Current Account 1,771.75 Invesknent A88ets Charlbond Inve8tmenl8 Charifund Investmeni8 23,162.27 117 283.12 140,445.39 142 217.14 Ropr•sentod by:. Endowment Furrfl 80,396.22 Gener81 Fund 81,820.92 142 217.14 The financlal statements ware approved by the Chartys tru8tee8 on 13 September 2024 and signed on their behalf RFln Dale !11.fj.I,%(k. .......... Date
Wolford Educatlonal Trust (Incorporatlng Welford Church of England School and School House Tru•t} Nots8 to the accounts for the perlod 8 July 2022 to 30 September 2023 Nol• 1- Accovntlng Conventlon The financial st8tements have been prepared In accordance wlth Ihe charity's constitution on a receip18 and payment8 basis in accordance th S132 of the Charltles Act 2011 Nota 2 - Inve8tm•nts Unlts Number Valu• Charlbond Transferred from W•lf(xd ChurGh ol England School and School Hou1• Tru8t Decrease In value in the peAod Value al 30 September 2023 21.853 24,799.08 -1636.81 21853 23 162.27 Charlfund Transferred from Wellord ChurGh of England School and School Hou8e Trust Decrease In value in the period Value at 30 September 2023 8,196 121,721.11 -4,437.99 8 196 117 283.12 Note 2 - Endowm•nt Fund Transferred from Welford Church of England School and School House Tru8t R8duction In value of investment8 83,873.88 -3 477.44 80 398.22 Note 4- Genernl Fund Transferred from Welford Church of England School and School House Trust Excess of paymentg over receipts for the period Reductlon in value of Investment8 69.023.07 4.604.79 -2,597.36 61820.92 Noto 8 - Int•r•8t In property The Offlclal Custodian For Charities, on behalf of the Trustee8 of Welford Church of England School and School Hou8e, holds title to 0.276 acres of land and the buildings thereon being Welford Slbbertoft and Sulby Endowed School, West Street, Welford. Any sale or disposition of the property is subjed to restrictions Lmder the Charities Act 2011. 181