## **BEWDLEY OLD GRAMMAR SCHOOL FOUNDATION CIO**
## **ACCOUNTS AND ANNUAL REPORT**
## **FOR THE YEAR ENDED 10 OCTOBER 2025**
## **REGISTERED CHARITY NUMBER 1204580**
**BEWDLEY OLD GRAMMAR SCHOOL FOUNDATION CIO REGISTERED CHARITY NUMBER 1204580**
## **ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 10 OCTOBER 2025**
|Contents|1|
|---|---|
|Statement of Financial Affairs|2|
|Balance Sheet|3|
|Schedule of Fixed Assets|4|
|Notes to the Accounts|5|
|Annual Report|6|
## **BEWDLEY OLD GRAMMAR SCHOOL FOUNDATION CIO REGISTERED CHARITY NUMBER 1204580**
## **STATEMENT OF FINANCIAL AFFAIRS**
1
## **FOR THE YEAR ENDED 10 OCTOBER 2025**
|
**INCOME**
Dividends
M&G Equities Investment Fund for Charities
(Charifund) Inc
Dunedin Income Growth Investment Trust Plc
The Merchants Trust Plc
Securities Trust of Scotland Plc
Janus Henderson Sterling Bond Unit Trust E Inc
Blackrock Charities UK Bond Fund A Inc
4 ¼% Treasury Stock 2032
Bank
HSBC Bank Plc (interest gross)
Other
Repayment of grant by Ben Williams
**TOTAL OF INCOME**
**EXPENDITURE**
Clerk’s Gratuity
Clerk’s expenses
Grants allocated during the year (See note 5)
Bank Charges
Room booking fee St Georges Hall
Adverts in The Bridge magazine
Other
**TOTAL OF EXPENDITURE**
**INCOME LESS EXPENDITURE**
|Unrestricted Funds
**2024**
**2025**
**£**
**£**
6,899.93 7,418.42
618.75 639.00
684.00 700.80
438.19 560.68
904.59 820.32
1,127.32 1,102.13
64.14 64.14
156.91 125.88
500.00 0
**11,393.83**
**11,305.49**
**£**
**£**
200.00 200.00
4.49 38.98
11,675.00 10,900.00
60.00 50.00
52.00 52.00
0 40.00
0 0
**11,991.49**
**11,280.98**
**(597.66)**
**24.51**|
|---|---|
**BEWDLEY OLD GRAMMAR SCHOOL FOUNDATION CIO REGISTERED CHARITY NUMBER 1204580**
## **BALANCE SHEET**
2
|**10 October**
**2024**
**2025**
£
**FIXED ASSETS**
See Schedule of Fixed Assets (page 4) 212,821.68
**CURRENT ASSETS**
HSBC Bank Plc 10,062.87
**CURRENT LIABILITIES**
None
0
**NET ASSETS**
**222,884.55**
**REPRESENTED BY**
General Fund Balance at
the beginning of year
210,907.76
ADD/(DEDUCT)
Balance of Income/Expenditure as per
Income and Expenditure Account
(597.66)
ADD/(DEDUCT)
Increase/(Decrease) the Value of Fixed Assets 12,574.45
**GENERAL FUND**
at end of year
**222,884.55**
|**10 October**
£
224,617.71
10,213.25
0
**234,705.09**
222,884.55
24.51
11,796.03
**234,705.09**|
|---|---|
**BEWDLEY OLD GRAMMAR SCHOOL FOUNDATION CIO REGISTERED CHARITY NUMBER 1204580**
## **SCHEDULE OF FIXED ASSETS**
**At 10/10/2024 At 10/10/2025**
3
Units
|
7,976.801
M&G Equities Investment Fund
for Charities at 1653.61p
4,500
Dunedin Income Growth Investment
Trust Plc
Ordinary 25p Shares at 293.69p
2,400
The Merchants Trust Plc
Ordinary 25p Shares at 546.25p
6,700
STS Global Income and Growth
Trust Ordinary 25p Shares at 236p
39,783.28
Janus Henderson Sterling Bond
Unit Trust E Inc at 56.74p
18,788.807
Blackrock Charities UK Bond
Fund A Inc at 141.00p
£1509.56
4 ¼% Treasury Stock 2032 at
99.98p
|**£**
120,338.01
12,645.00
13,680.00
15,276.00
22,485.50
26,867.99
1,529.18
**212,821.68**
|**£**
131,905.17
13,216.05
13,110.00
15,812.00
22,573.03
26,492.21
1,509.25
**224,617.71**|
|---|---|---|
## **BEWDLEY OLD GRAMMAR SCHOOL FOUNDATION CIO REGISTERED CHARITY NUMBER 1204580**
## **NOTES TO THE ACCOUNTS**
4
1 Income comprises dividends from investments and is recognised on receipt. Any tax deducted before receipt will be reclaimed where relevant.
- 2 Expenditure comprises approved awards to qualifying individuals and operating costs.
- 3 Trustees receive no income or expenses for carrying out their duties.
- 4 Investments on the balance sheet were valued at the close of markets on 10 October 2025.
## **BEWDLEY OLD GRAMMAR SCHOOL FOUNDATION CIO REGISTERED CHARITY NUMBER 1204580**
## **ANNUAL REPORT**
The Trustees of the Bewdley Old Grammar School Foundation CIO have powers to make rules for the award of scholarships, bursaries, maintenance allowances or other benefits and to decide on the value, period of tenure, qualifications and method of selection of beneficiaries within the limits prescribed by the charitable objects of the charity.
The charitable objects are as follows:-
5
To advance the education of young people under the age of 25 years who are resident in the catchment area of The Bewdley School or who are pupils or former pupils of the Bewdley School or any successor body thereto:-
The awarding of scholarships, bursaries or maintenance allowances;
The provision of facilities of any kind not normally provided by either the local education authority or Department of Education (or any successor body thereto) for recreation and social and physical training;
And the provision of financial assistance to enable beneficiaries to study music and other arts
Beneficiaries may be young people under the age of 25 years who are or have been pupils at The Bewdley School or who are resident in the catchment area of The Bewdley School and whom, in the opinion of the trustees, are in need of financial assistance.
After payment of any administrative expenses, the net yearly income may be applied in one or more of the following ways:
- a) in awarding beneficiaries, scholarships, bursaries or maintenance allowances tenable at any school, university or other place of learning
- b) in awarding scholarships or maintenance allowances to enable beneficiaries to travel abroad to pursue their education,
- c) in providing or assisting the provision of facilities of any kind not normally provided by the Local Education Authority for recreation and athletics, sports and games for beneficiaries who are receiving primary, secondary or further education; and
- d) in providing financial assistance to enable beneficiaries to study music and other arts.
- e) in other ways as determined by the trustees within the charitable objectives of the Foundation
In 2023 Trustees decided to update the governing document with a view to establishing the Foundation as a Charitable Incorporated Organisation (CIO). The new governing document of the new CIO was approved by the Charity Commission on 4 September 2023. Transfer of investments and bank deposits to the new CIO took place at the beginning of the new accounting year on 11 October 2024. The now dormant unincorporated trust (charity number 527429) will now be closed with the Charity Commission.
Receipts and payments accounts have been prepared on a _pro bono_ basis by the trustee named below in accordance with Charity Commission guidelines.
Robert Smith
Trustee 4 November 2025
6