Reglsternd Charlty Number 1199601 Welford Educatlonal Trust {In¢orporatlng Welford Church of England School and School Hou8• Trust) Annual Report and Flnancial Statements for the year ended 30 September 2025
Welford Educatlonal Trust (Incorporatlng Welford Church of England School and School House Trust) Flnanclal Statements - 30 Septsmber 2025 Conlents Pace Legal and Admlnlstrative Infomiation Trustees, Annual Report Independent examinerf8 report Receipts and Payments account Staternent of a88et8 and1Sabllltle8 Notes to the accounts
Welford Educatlonal Trust (Incorporallng Welford chUh of England School and School House Trust) Legal and Admlnlstratlve Infonnation Trust•e8 RPFknth Rev T Grant M Wilson J M Roberts GFBall N O Brotherton JPery JO H¢yfftJll-Jones Charily Number 1199601 Contact address 7 Salford Close Wellord Northampton NN6 6JJ Independent axamln•r C H BrcThvn ACMA 79 West Street Welford Northant8 (i)
Welford Educatlonal Trust {In¢orporatlng Welford Church of England School and School HOU Tru8t) Rgglstered Charlty Number 1199601 Trustees, Annual Report for the year ended 30 September 2025 The truslees present their annual rnport and fmanclal statements for the year endod 30 September 2025 The financial statements have been prepared In accordance wrth tho charitWs con8titutlon on a receipts and payments basls in accordance with S132 of Chartlies Ad 2011 Structure and gov•rnanc• The charity is a Charitablo IrÉorwated Organisatim and Is govemad by its consts'tutlon dat•d 11 March 2022 a copy ol 1¢h has been lodged wilh the Charity Commissbon for England and Wales The board of trustees of the charity consists of a maximum of nlne trust•e¥ the appolntm8nt of which is as follows.. Three Ex-OffKio trustees comFYised of the Vkar and Churchwarden8 of the ecclesiastical parish of Sl Mary the Virgin, Welford Two nominalive trustees nominated by Welford Parl8h Ccyjncll Four CoperatIve trustees cOperatIve trustees are appointed for a terni of five years. In ac¢ordanc• *ith charit5Is constitution the initial co-operative trustees will be appointed for Ihe foll¢y4lng period5. Co- operative tru3tee8 are entitled to Stand for rfrelg¢1ion JM Roberts 4 years RP Flnch 5 years Nominated tnJ$lees are appointed for a period of four years, Their appointment must be made at a meellng held according to the ordinary practice of Welford PiSh The tru¥tee3 who serrfed during the accounti period and up to the date of the signature of the financial statements bre. Covoperativ& ME 80tt JM Roberts RP Finch J Perry Revd Thomas Grant GF Ball J A Nicholas JD HOlJ0neS ND Brotherton M Wilson Resl9ned 3 Jun8 2025 Appointed 3 June 2025 Ex4)fficio Reswjned 10 September 2025 Appointed 10 September 2025 Nominative The board of trustees meet twice a year nomially in Felxuary and Septwnber
Welford Educatlonal Trust Ilncorporatlng Welford Church of England School and School House Trust) Registered Charlty Number 1199601 Trust8e8' Annual Report for tho year ended 30 September 2025 Objectlves and Actlvltle8 (contlnuod) trust owns freehold land detailed on land Registry rrtle NN348476 belng Welford Sibbertoft and Sulby Endowed School, West Street, Welford. Northampton NN6 6HU. The tltle of vthich has been vested wilh the official custodlan for charltles (reference number 52292). The tru8t uses the inmme (nel of expenses) generated by trust property for the folowlng purposes The provision of special benefits of any kind not normally provided by the local education authority or school trust for Welford. Sulby and Sibbertoft Endowed School. The provlsion of these benefits to be a9reed by the tru8lees and the governors of the school. The promotlon of the educallon (includlng social and physical tralnlng) of person8 under the age of 25 y•ars who are resident in the area of tha Anclenl Parbh of Welford and who are in nead of financlal as8l$tance The prov181on of grant8 to not for proflt organ18atlon8 located In the area of th8 Ancient Parish of Welford who provlde 8ervices to per80n8 under the age of 25 years to assist In the provlsion of activities not funded from normal 8ub8crfptlons which assist in the educallon and developmenl of said per8on$. Achlevements and Performance Ourlng the year ended 30 September 2025 the trust made grants totalllng £2.300 to W•lford, Sulby and Sibbertoft Endowed School enabling Ihe school to attend theatre productions. build link wilh the Cube Iheatre al Corby for workshop$, trainlng and enabling pupils to perfom al the theatre together with a grant to provide group reading material for KS1. The school PTA were also 8S918led wlth the purchase ol gazebos to be used at events and for pupil shelter at 8POrtiro fixtures. 7 (2024 -7) grants were awarded lo persons under the age of 25 artendlng univ8r81ty or other post 18 educational institutions and 5 (2024 4) grants were award to person undartaking A 16vals and other post 16 course to assist vrith the purchase of books and other reference material needed. 1 grant awarded in 2024 was rt claimed by a reclplent attendlng 6th fom and has been writton back in Ihe 2025 accounts. 3 grants were awarded to organisalions located in th8 an¢ient parish of Welford to support persons under 25 altending residential camp$, a trip to Whipsnade zoo and to provKle 1st ald tralning to those partidpating wlth the hockey club. 131
Welford Educatlonal Trust (Incorporatlng Welford Church of England School and School House Trust) Reg18tered Charity Number 1199601 Tru$te•s' Annual Report for the year ended 30 September 2025 (eonllnued Flnanclal Revlew The charities capital investments are administered by M&G Investment and are held in a mixture of their Charifund and Charibond Funds. CrIng the year M&G Investments closed thelr Charibond Funds. Ihe balance held in these funds was tr8nsfred lo their Charity Multi Asset Fund. The capital fund8 transferred from Welford Church of England School and School House Trust are held in these investments tho income from which Is paid into the Charfils Current account and used for grant making purposes The funds invested in Carifunds ylelded an income retum of 6.12% (2024. 8.04%)over the period and achi•ved a capital growth of 8.82% (2024, 6.13%) The funds invested In Caribonds and then the Multi Asset Fund yielded an income return of 4.45OA (2024, 4.18%) over the period and achieved a capital grovrth of 1.020k (2024. 4.34%) The charrty received donations ffom Springfield Shops in bolh Welford and Husbands B08WOrth tolallin9 £2,013.80 from their sale of cafrier bag8. The twst•e8 declare that they have approved tru8t8e8 r•ixirt above. Slgngd behalf of the charity's Tru8tees Robert eter FinGh Date Tru8lee and Chairman 141
Roport lo the trustee4 of W•lford Educatlonal Trust (In¢orporallng Welford chUh of England School and School House Trust), Reglstered Charity Number 1199601, on the accounts for the year ended 30 Septsmber 2025 I report to the tnjslees on my examination of the accounts of the above charity ("the Trust.) for the year ended 30 Sept•mber 2025 As the ¢h8wiiy trustees of the Tfust, you are responsible for the preparallon of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Trust's accounts carried out uTrJer section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Oirectlons Iven by the Charity Commission undei section 145(5){b) of the Act. I have completed my examination. I confirm that material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respecl.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records I have no ¢oncems and have come across no other matters in connection with the examination to which attention shoukl be drawn in order to enable a proF)er understanding of the accounts to be reathed C H Brown ACMA 79 West Street Welford Northants Date Isi
Welford Educational Trust Ilncorporating Welford Church of England School and School House Trust) R8¢•lpts and Payments account for the year ended 30 Septembgr 2025 2024 Recelpts Charifund l Multi Asset Fund DividerKIs Charibond Divider#J8 Donations 7,622.02 1.073.79 2.013.80 10 709.61 7,089.31 1.IXI5.26 1.100.00 9.194,57 Payments Grants paid to Individuals Welford, Sibbertoft and Sulby ErKlowl SdKX WSSES PTA arKI other organisations 3.4(Y).00 2,300.00 2.259.IX) 3.260.IXI 1.810.¢XI 1.200.00 7.959.00 6,270.00 350.00 26.98 6.646.98 Secretarial and offtt expenses Sundry Expenses 78.28 8.037.28 Excess of Recelpts over payments 2.672.33 2,547.59
Welford Educatlonal Trust (In¢orporatlng Wolford Church of England School and School Hous• Trust Statement of a88ets and liabllltles at 30 Septembgr 2025 2025 2024 Note Cash Fund8 Natwest Bank plc- Current Account 6,991.67 4,319.34 Inve8tm•nt As$et8 Charlty Mulli Asset Fund Charifund Inve8tments 24.376.59 132 954.97 24.130.37 124 471.58 157,331.56 148,601.95 164.323.23 152 921.29 Represented by:. Endowment Fund 90,062.50 85,085.34 General Fund 74,260.73 67,655.95 1e4.323.23 152 921.29 The flnanclal 8tatement8 were approved by the Charlt518 tru¥tee• on .... and signgd on thelr behalf R Flnc Date Dale 171
Welford Educatlonal Trust (Incorporatlng Welford Church of England School and School House Trust) Note8 to tho ac¢ounts for the year ended 30 Septomber 2025 Note 1- Accountlng Conventlon The financial $tat8menls have been prepared in accordance wlth the charitls constitution ¢)n a reIPtS and payments basis in accordance with S132 of the Charities Act 2011 Nots 2 - Invostments Unlts Numbor Value Charlbond Value at 30 September 2024 Reductlon in value Sold and funds invested in Charltie8 Mulli A888t Fund Value at 30 September 2025 21,853 24.130.37 -624.99 -21853 -23.505.38 0.00 Charlll•• Mulll A•s•t Fund Unit8 purchased with funds from Charlbond Increase in value Value at 30 September 2025 24,610 23,505.38 871,21 24 610 24 376.59 Charlfund Value at 30 September 2024 Increase In value in the period Value at 30 September 2025 8,196 124,471.58 8 483.39 8 196 132 954.97 Note 2- Endowmonl Fund Value at 30 September 2025 Incre88e In value In the perlod 85.085.34 4 997.18 90 062.50 Note 4- Genoral Fund Value at 30 September 2025 Excess of payments over ceiPtS for the perlod Increasa in value in the p8rlod 67.855.95 2,672.33 3.732.45 74 26Q.73 Note 5 - Interesl In proporty The Official Custodian For Charities, on behalf of the Truslees of Welford Church of England School and School House, hold8 litle to 0.276 acres of land and the buildings thereon being Welford Sibbertoft and Sulby Endowed School, West Street, Welford. Any sale or di8posth.on of the prop8rty is subject to restrictions under the Charities Act 2011. 181