Re9i$tered Charlty Number 1199601
Welford Educational Trust
Ilncorporating Welford Church of England School and School House Trn$t>
Annual Report and Financial Statements
for the year ended
30 September 2024

Welford Educatlonal Trust
Ilncorporatlng Welford Church of England School and School Trust)
Flnanclal Statements - 30 September 2024
Content8
Page
Legal and Adminlstratlve Infomatlon
Trustees, Annual Report
Independent examlnefs report
Receipt8 and Payment8 account
Statement of a88ets and liabilitles
Notes to tho

Welford Educallonal Trust
Ilncorporallng W?Iford Church of England School and School House Trust)
Legal and Adminlstratlve Inforniatlon
Trustees
R P Fw)d)
Rev T Grant
M Wilson
J A Nicholas
J M Rob6rts
MEBott
GFBall
N D Brotherton
Charfty Number
1199601
Contact address
7 Salford Close
Weltord
Northamplon
NNe 8JJ
Indynd•nt oxamlner
C H Brown ACMA
79 Wesl Street
Welford
North8nts
{1}

Welford Educallonal Trust
(Incorporatlng Welford Church of England School and School House Trust)
Reglslered Charlty Number 1199601
Trustees. Annual Report for the year ended 30 September 2024
The truslees present their annual report and financial statemonts for tho year ended 30
September 2024
The financial statements ha￿ been prepared in accordance with the charity's constitulion on
receipts and payments basi8 in accordance with S132 of the Charliies Act 2011
Structure and governanc
The charlty18 a Charitable Incorporated Organi8atlon and18 govemed by Its con8lftutlon dated
11 March 2022 8 copy of whlch hag been lodged w5th the Charlty Comm1881on for England
and Wales
The board ol tnJ8tees of the GharSly ¢onsi5ts of a maximum of nlne tru8tee8 the appoinlment
of which Is as follows:
Three Ex-OffiGlo trustegs compri$•d of tho Vlcar Clwrchwarden8 of Ihe
eccleslastlcal parfsh of St Mary the Vlrgln, Welford
Two nominalive trustoes nominated by Welford Parish Council
Four co-op8r8tlve trustees
Covoperatlve tru8tee8 ore appoinled for a terni of five years, In accordan¢e with the charlty's
con8lltutloTh the Inltlal CO￿peratIVe tru8tee8 wlll be appolnted for the followlng periods. Co-
OP8ratlve trustees are 8nUtled10 stand for re-elecuon
ME Bott
3 year8
JM Robert8
4 years
RP Fi￿h
S yearn
Nomlnated Iru6tee8 are appolnted for a period of four year8. Their appolntment mu8t be made
at a meetlng held according to the ordinary practice of Welford Parish Counc
The trustees who sepied during the accounilng perlod 8rKI up to the date of the signature of
Ihe financial statoments were:
Covoperativ•
ME Bott
JM Roberts
RP Flnch
Revd Thoma8 Grant
GF Ball
J A Nicholas
ND 8roiherton
M Wilson
Ex-officio
Appolnted 29 July 2024
Nominative
The board of trustees meet twlce a year in February and September
(21

Welford Educatlonal Trust
Ilncorporatlng Welford Church of England School and School House Trust)
Registered Charlty Number 1199601
Twstees. Annual Report for the year ended 30 S•ptsmber 2024
Icontlnuad)
Objectfves and Actlvltlos
The trust owns freehold land detailed on land Registry Title NN348478 belng Welford
Sibbertoft and Sulby Endowed School, West Street, Wefford, Northampton NN6 6HU. Thg titb
of which has been vested wth the official cuslodian for charities (referenca number 52292).
The trust ws the income (net of expenses) generated by trust property for the following
purposes
The provision of special benefits of any klnd not normally provlded by the local
education authority or school trust for Welford, Sulby and Sibbertoft Endowed
School. The provision of these benefits to b& agreed by the twslees and the
governors of the school.
The promotion of the education (induding social and physlcal tralning) of persorvts
under the age of 25 years who are resident in the area of the Ancient Parish of
Welford and who are in need of financial assistance
The provlsion of grants to not for profit organisalions located in Ihe area of the
Anaent Parish of Welford who provide services to persons under the 4e of 25
years lo assist in the provision of activities not funded from nomial subscriptions
which assist in the education and development of said persons.
Achievements and Perforniance
During the year ended 30 September 2024 the trust made grants totalling £6,2701o WeSford,
Sulby and Sibbertoft Endowed School enabling th6 school to attend theatre productions,, to
vislt parliament and provide early years foundation materials. The school PTA were also
asslsted with the purchase of a trim trail to be used by all the pupils.
7 grants were awarded to persons under the age of 25 attending university or other post 18
educAtional institutions and 6 grants were award to person undertaking A levels and other
post 16 course to assist with the purchase of books and other reference material needed. 1
grant was provided to a 6th form student to enable them to attend geography field trips
3 grants were awarded to organlsatlons located in the ancient parish of Welford to support
persons under 25 atterKling residentlal camps and provide training in hockey and tennis.
(3)

Welford Educational Tru8t
(Incorporatlng Welford Church of England school and School House T￿￿tI
Reglgtered Charlty Number 1199601
Trustses, Annual Report for tho year ended 30 September 2024
(¢ontlnued)
Flnanclal Revlew
Thè charities caprtal investments are administered by M&G Investment and are held in a
mixture of their Charifund and Charibond Funds. The capital funds transferred from Wglford
Church of England School and School House Trust are held in these tnve8tment8 the Incow
Irom which is paid into the Charity's current account and used for grant making purposè8
The funds invested in Carifunds yielded an In¢ome retum of 8.04% over the perlod and
achieved a capltal growth of 6.13%
The fund8 Invested In Carlbond8 ylelded an Income retum of 4.18% over the pertod and
achieved a capStal gro%th of 4,34%
The trust•eJ declare that they have approved the tW81ee8 report above.
If of the charlty'8 Trustees
2LQS
Robert
eter Finch
Date
Trustee and Chalmian
14)

Report to th• trust•es of Welford Educatlonal Trust {In¢orporating Welford Church of
England School and School House Trust). Roglstered Charlty Numbor 1199601, on th•
accounts for the y?ar •nd•d 30 S•ptember 2024
I report to the trustees on my examination of the accounts of the above charity {'the Trustry for
the year ended 30 September 2024
As the charity trustees of the Trust, you are responsible for the preparatlon of the accounts In
accordan¢e with the requirements of the Charilies Act 2011 ("the Acr).
I report in respect of my examination of Ihe Trust's accounts carried out under section 145 of
Ihe 2011 Act and in Carrying out my examination, I have followed the applicable Directions
given by the Charity Commission under section 145(5)(b) of the Act.
I have completed my examlnatlon. I confim that no material matters have come to my
attention in connection wth the examlnatlon which gives me cause lo believe that in, any
material respect:
accountlng records were not kept in accordance wlth sectlon 130 of the Act or
the acCO￿ts do not accord with th8 accountlng records
I have no conGems and have come across no other matters in connection with the
examination to which attention should be drawn in ordor to enable a proper understandlng of
the accounts to
reached
C H Brown ACMA
79 West Stre
Welford
Northants
Date

Welford EdurAtlonal Trust
Ilncorporatlng Welford Church of England School and School House TfU$t)
Recelpts and Payments acCo￿nt for the year •nded 30 September 2024
Year ended
30 8 July 2022 to
Seoember 2024
September 2023
30
RKeipts
Charifund Llw'dends
Charibond Dividends
Donations
7.089.31
1.005.26
8,564.52
895.97
9.460.49
Payments
Grants Pa￿ to
Indmduais
Welford. Sibbertoft and Sulby Endo*Td School
WSSES PTA and other orgaThsations
3.260.00
1.810.00
1.200.00
8,525.00
3,674.00
1,1 IXI.00
6.270.00
13,299.00
700.00
66.29
14,065.29
Secretarial and office expenses
Sundry Expenses
26.98
6.646.98
Exceu of R•ceipts over payments
2,547.59
4,604.80
(61

Welford Educatlonal Trust
Ilncorporatlng Welford Church of England School and School House TN$t)
Statement of assets and Ilabllltlos at 30 September 2024
2024
2023
Cash Funds
Natwest Bank plc- Current Account
4,319.34
1.771.75
Investment As•8ts
Charibond Investments
CharifurKI Investments
24.130.37
124.471.58
23.162.27
117.283.12
148.601.95
140,445.39
152.921.29
142 217.14
Represented by:_
Endowment Fund
85.065.34
80,396.22
General Fund
67.855.95
61,820.92
152 921.29
142,217.14
The finanGial Statements were approved by the Charity's trustees on ..................................
and slgned on their behalf
RFin
Date
bl. I1.2o%f
Date

Welford Educatlonal Trust
(IncoTporatlng Welford Church of England School and school Hous• Trust)
Notes to the accounts for tho year ended 30 Sept8mb•r 2024
Note 1- A¢¢ountlng Convantlon
The financial statements have been prepared In accordance ￿th the charftls constitution on
receipts and payments basts in accordance with S132 of the Chartiies Act 2011
Nol• 2 - Investments
Unlts
Number
Value
Charlbond
Value al 30 September 2023
Incrnase In value in the period
Value at 30 Saptembgr 2024
21,853 23,162.27
968.10
21.853 24,130.37
Charlfund
Value at 30 Septembef 2023
Increase In value In the perfod
Value ot 30 September 2023
8.196 117,283.12
8 196 124 471,58
Not• 2 - Endowm•nl Fund
Value at 30 September 2023
Increase In value In the perlod
80,396.22
4669.12
85,065.34
Not• 4- G•n•rnl Fund
Value at 30 September 2023
Excess of payments over receipt$ for the perlod
Incrnase in value in the pgriod
61.820.92
2.547.59
67 855.95
Not• 5- Intsrest In prop•rty
The Official Custodian For Charities. on behalf of the Trustees of Welford Church of England
S¢hool and School House, holds title to 0.276 acres of land and the buildlngs thereon being
Welford Slbbertoft ar￿ Sulby Endowed School, West Street, Welford. Any sale or dispositlon of
the property Is subject to restrictions under the Charities Act 2011.
181