Reglstarod Charfty Number 1199601
Welford Educational Trust
(Incorporatlng Welford chU￿h 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¢1￿01 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 co￿peratIve 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 Howe11￿OneS
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 s￿bY 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 serrfl￿s 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 chU￿h of England School and SCI￿1 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. sIbt￿rtOft and Sulby Endtr￿1 School
WSSES PTA and other or￿f 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