Charity No: 1206735
WELLINGBOROUGH SCHOOL FOUNDATION
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025
WELLINGBOROUGH SCHOOL FOUNDATION
CONTENTS
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31 AUGUST 2025 .................................................................................. 1 TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2025 .................................................... 2 INDEPENDENT EXAMINER’S REPORT TO THE BOARD OF TRUSTEES OF WELLINGBOROUGH SCHOOL FOUNDATION ........................................................................................................... 5 RECEIPT AND PAYMENT ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 .............................. 6 STATEMENT OF ASSETS AND LIABILITIES AS AT 31 AUGUST 2025 ............................................ 7
WELLINGBOROUGH SCHOOL FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31 AUGUST 2025
Chairman Dr J K Cox Trustees Mr J W Browne Mr D M Hitchcock Appointed 25 April 2025 Mr C A Westley Mr A N Holman Ex officio (resigned 31 August 2025) Mr S J Hawkes Ex officio (appointed 1 September 2025) Mr N A Johnson Ex officio Charity registered number 1206735 Principal Office c/o Wellingborough School London Road Wellingborough Northamptonshire NN8 2BX Bankers Svenska Handelsbanken 10 Waterside Way Northampton NN4 7XD Solicitors HCR Hewitsons Lancaster House Nunn Mills Road Northampton NN1 5GE Independent Examiner Hawsons Jubilee House 32 Duncan Close Moulton Park Northampton NN3 6WL
Page 1
WELLINGBOROUGH SCHOOL FOUNDATION
TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2025
The Trustees present their annual report and financial statements for the year ended 31 August 2025.
Objects, Aims, Objectives and Activities
Charitable Objects
The objects of the Charity are the advancement of education of the pupils at Wellingborough School, through:
-
the financial support and assistance of the school and/or wider educational initiatives projects and other associated activities;
-
financial assistance by awarding scholarships, exhibitions, bursaries, maintenance allowances or grants tenable at the school or at any university, college of education, or other institution of further education.
Activities for achieving objectives
The Foundation aims to provide bursaries to enable deserving pupils, whose parents could not otherwise afford the fees, to attend Wellingborough School, and to provide capital grants and loans in order to improve the facilities from which the School operates.
Income is primarily generated through donations and fundraising. Fundraising approaches are cultivated through a stewardship program of activity which includes but is not limited to a strong relationship between the Foundation and the Old Wellingburian Club.
Public benefit
In considering the operation, achievements, performance and finances of the Foundation, the Trustees are satisfied that public benefit has been provided in accordance with s.17 of the Charities Act 2011 and the guidance published by the Charity Commission.
Achievements and Performance
Review of activities
In its first full year of operating, the focus of the Foundation has been on establishing and solidifying relationships with potential donors, securing legacy pledges, and funding smaller ‘operational’ items of benefit to the School.
Financial review
Donation and fundraising income totalled £116,561 in the year (2024: £8,349). Grants totalling £56,090 (2024: £3,308) were made to Wellingborough School.
The Trustees consider the year-end financial position to be satisfactory and confirm that the charity can meet all known obligations.
Principal Funding Sources
The principal funding source for the charity is donations made by members of the public.
Page 2
WELLINGBOROUGH SCHOOL FOUNDATION
Reserves policy
The level of reserves is discussed annually with a view to holding an adequate but not excessive level of reserves.
Free reserves held by the charity as at 31 August 2025 totalled £5,311.
Plans for the Future
The Foundation will pro-actively generate income through the full mix of fundraising activities and prudent investment of its funds.
Basis of Accounting
As the charity is a non-company charity with a gross income under £250,000 and is not prevented from doing so by its governing document, the Trustees have elected to prepare these accounts on a receipts and payments basis.
Structure, Governance and Management
Constitution
The Wellingborough School Foundation is a Charitable Incorporated Organisation (CIO) and is governed by its constitution. It was registered on 26 January 2024 under number 1206735.
Recruitment and appointment of Trustees
The Foundation is managed by the Trustees. There must be at least three, and no more than 10, Appointed Trustees. Additionally, the Head and the Bursar of Wellingborough School are automatically, by virtue of holding that office, charity trustees (“ex officio”).
Care is taken to appoint Trustees to ensure they bring other relevant professional skills to the Foundation including finance, investment, and legal expertise.
Induction and training of Trustees
Following the appointment of new Trustees they are briefed by the Chairman of Trustees and are provided with an induction pack which includes information on the legal framework and structure of the Foundation and its future aims and past achievements.
Organisational structure
The Trustees are responsible for the overall management and control of the Trust and meet three times a year.
The sole member of the CIO is Wellingborough School. Admission of new members is by resolution (whether at a general meeting or in writing) of the existing member. No resolution for the admission of a new member may be passed unless the School votes in favour of such resolution.
Risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances and are satisfied that systems and procedures are in place to mitigate exposure to those risks.
Page 3
WELLINGBOROUGH SCHOOL FOUNDATION
Related Parties
During the year, the charity made grants totalling £56,090 to Wellingborough School, which is a member of the CIO.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Dr J K Cox Chairman
30 January 2026
Page 4
WELLINGBOROUGH SCHOOL FOUNDATION
INDEPENDENT EXAMINER’S REPORT TO THE BOARD OF TRUSTEES OF WELLINGBOROUGH SCHOOL FOUNDATION
INDEPENDENT EXAMINER’S REPORT TO THE BOARD OF TRUSTEES OF WELLINGBOROUGH SCHOOL FOUNDATION
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2025, which are set out on pages 6 to 7.
Respective responsibilities of trustees and examiner
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’). The trustees are satisfied that an audit is not required for this year under section 144(2) of the 2011 Act and have chosen instead to have an independent examination.
Having satisfied myself that the charity’s accounts are not required to be audited under the 2011 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s report
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
(1) accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
(2) the accounts do not accord with those accounting records; or
(3) the accounts have not been prepared in accordance with the receipts and payments method permitted by the 2011 Act.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
William Amos ACA Hawsons Chartered Accountants Jubilee House 32 Duncan Close Moulton Park Northampton NN3 6WL
30/01/2026
Page 5
WELLINGBOROUGH SCHOOL FOUNDATION
RECEIPT AND PAYMENT ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025
| Receipts Donations Gift Aid tax reclaimed Interest from cash deposits Total Receipts Payments Charitable donations Bank charges Return of School Funds Total payments Net receipts / (payments) Total cash funds brought forward Total cash funds carried forward |
Unrestricted Funds £ 420 - 917 1,337 - (84) (1,019) (1,103) 234 5,077 5,311 |
Restricted Funds £ 116,141 14,729 - 130,870 (56,090) - - (56,090) 74,780 - 74,780 |
Total 2025 £ 116,561 14,729 917 132,207 (56,090) (84) (1,019) (57,193) 75,014 5,077 80,091 |
Total 2024 £ 8,349 - 36 |
|---|---|---|---|---|
| 8,385 | ||||
| (3,300) (8) - |
||||
| (3,308) | ||||
| 5,077 - |
||||
| 5,077 |
Page 6
WELLINGBOROUGH SCHOOL FOUNDATION
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 AUGUST 2025
| Cash Funds Handelsbanken current account Total Assets Liabilities Independent Examiner’s fee Total Liabilities |
Unrestricted Funds £ 5,311 5,311 Unrestricted Funds £ 960 960 |
Restricted Funds £ 74,780 74,780 Restricted Funds £ - - |
Total 2025 £ 80,091 80,091 Total 2025 £ 960 960 |
Total 2024 £ 5,077 |
|---|---|---|---|---|
| 5,077 | ||||
| Total 2024 £ - |
||||
| - |
The charity has not given any guarantees, nor has any outstanding debts secured on the assets as at 31 August 2025.
The charity has no mortgages or charges as at 31 August 2025.
These accounts have been prepared on a Receipts and Payments basis in accordance with the Charities Act 2011.
The Receipts and Payments Account and Statement of Assets and Liabilities on pages 6 and 7 were approved by the Trustees, and signed on their behalf by:
Dr J K Cox Chairman
30 January 2026
Page 7