The Wright Educational Foundation Report and Financial Statements For the year ended 31" December 2024 The Wright Educational Foundation Financial Statements For the year ended 311t December 2024 Contents Page Legal and Administrative Infonnation Trustccs Rq)ort 415 Independent Examiners Report Statemenl of Financial Activities Balance Sheet Notes to the Financial Statements The Wright Educatlonal Foundation Legal and administrative informatlon Trustees By a scheme dated th¢ 31 st Octobcr 1966. The Charity Commission appointed the Trustees for the time b¢in8 of The Wright Educational Foundaiion [Charily Registration number 3113581 as trust¢es of Ihe fund. Si The Charity's Trustees during the year ended 31 December 2024 were: Dr. l.H. Mason Mr R S G Barnwell Mr K Aplin Rcvcrend M Bradbury Mr S Harris Mrs K Crawley Dr R. Wate QPM Address The correspondence address for Ihe Trustees is &'o Dr l. Mason. 13 Tavistock Road, Wisbech, Cambs. PE13 2DY. Banke Barclays Bank PLC, Leic¢ster LE87 2BB Independent Examiner C L Smithee FCCA, TC Group, G14, The Boathouse Business Centre, l Harbour Square, Wisbech PEI 3 3BH Land Agents Maxey Grounds, 1-3 South Brink. Wisbech, Cambridgeshire PE13 1 JA Sollcltors Frasers Dawbarns LLP. 1-3 YoTk Row, Wisbcch, Cambridgeshirc PE13 1 EA The Wrlght Educatlonal Foundatlon Trustees Report The Trustees present Iheir report togeiher with the financial Stat￿¢nI3 of Ihc Fund for the st year ended 31 December 2024. The financial statements have been prepared in accordance with the accountin8 w)licies set out on pages 9 and comply with applicablc law. Constltution and objects To support the education and trainin8 of children and young people in Wisbcch and Ihe immediate suThoundin8 area. Organisation And admlDlslratlon The administration of thc Fund is managed by the Administrator to the Foundation and the Chairnian of the trustees. Grant maklng pollcy and Public Benellt The income from the Fund is used for the purposc of supporting education. The TNsiees have determined that it would be an appropriate use of the income to support the Community Liaison Officer role at Wisbech Museum. Flnanelal revlew and investment poll¢y The Trustees have the authority to vary the fomi of Ihe investment of the Fund's pernianent cndowm¢nt by virtuc of th¢ pow¢rs grant￿ by th¢ Trustee Act 2000. This pemianent endowrneni is invested in units in a COIF Charities Investment Fund. and the TNstee5 consider this to be appropriale. Rtterves polley Durin8 th¢ year ended 31 Deccmber 2024. the total nel income of the Charity was £246,943 of which £11.849 was expended in accordance with ils objects. Th¢ dccr¢as¢ in market valu¢ of investments of £478 has been deducted from ihe Endowmenl funds, also £400,000 has been added to investments from the result of Sale of the land at Manea 19.7.2024. Thc Trustees do not consider il necessary lo relain significant reserves of unrestricted funds. The Wright Educational Foundation Trustee$, re$pon$lbllities in relation to the finanelAI statements The law applicable to chariiics in England & Wales requires the trustees to prepare financial statcments for each financial year which give a true and fair view of Ihe Fund's financial activities during the year and of its financial position at thc end of the year. In prcparing the Financial Statements, Ihc Trustees are required to: _ I , Select suitable accounting policies and then apply them cnnsistently 2. Make judgements and estimat¢s Ihat ar¢ r¢asonable and prudent 3. State whether applicable standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements: and 4. Prepare Ihe Financial statem￿ts on the going concern basis unless it is inappropriate to presume that the Fund will continue The Trustees are responsible for keeping proper accounting rccords which disclose with rcasonablc accuracy at any time the financial position of the Charity and to enable them to ensure that the Financial Statements Ll)mply wilh Ihe Charilies Acts 2011 ('the Act,). They are also responsible for safeguarding the assets of the Charily and hence for taking r￿Sonable stcps for the prevention and detection of fraud and other irregularities. Approved by the Trustees and s18ned on thelr behalf by Dr. l. Mason, Trustee Mrs K.Crawley replaced Mr K Aplin as vice Chalrman on J4.10.2025 . Ih Dated:14 October 2025 INDEPENDENT KXAMINERS REPORT To Ihe Trustees of The Wright Educatlon Foundatlon I report to the trustees on my examination of the accounts for th¢ year ended 31 st December 2024 which are set out on pages 7 10 11. Respectlve responslbllltles of trustees and examlner The charity's trustees are responsible for th¢ preparation of the accounts in accordance with the requiremenis of the Charities Act 2011 ('the Act,). I report in respect of my examinalion of the Trust's accounts carried out under section 145 of Ihe 2011 Act and in carrying Out my examination I have followed all the applicable Dir¢¢tions given by the Charity Commission under seclion 145(SXb) of the Act. Basls of Independenl examlner'g report My cxamination was carried out in accordance with the seneral Dircclion5 8iv¢n by the Charily Commission. An examination includes a review of the accounting records kepi by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limiteAI to those matters set oul in the slatement b¢low. Independent examlner's statement I have completed my examination. I confimi Ihat no material matters havc wm¢ to my atiention in connection with the examination givAn8 me cause (o believe that in any material respect: accountin8 records were not kept in respect of the Trust as rcquired by section 130 of the Act; or the accounts do not accord wilh those records. or the acwunts do not ￿mplY with the applicabl¢ r¢quircm¢nts concerning the fonn and content of accounts set out in the Charities (Accounts and Reports). Regulations 2008 other Ihan any requirement that the accounts give a 'true and fair view, which is not a rnatt¢r considered as part of an independent examination. I hav¢ no concerns and have come acros5 no oth¢r malt¢rs in connection with the examination to which atiention should be drawn in this report in order to enable a proper understandin8 of the accounts lo b¢ r¢a¢h¢d. C L Smithee FCCA TC Group G14. The Boathouse Business Centre l Harbour Square, WISBECH Cambs PEI3 3BH Dated THE WRIGHT EDUCATIONAL FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 si December 2024 Unr•strf¢t•d Funds 2024 EndowM•nt Funds 2024 Total 2024 Total 2023 Notes INCOME Rents from land 4,629 4.475 Investment Income 379 379 487 Galn on Land sale 241,935 241,935 TOTAL INCOME 246,943 246,943 4.962 EXPENDITURE Payments to beneficlartes 3,851 Adminislration 11,849 11,849 1,111 TOTAL EXPENDITURE 11,849 11,849 4,962 NET INCOMEI(EXPENDITURE) FOR THE YEAR 235.094 NET GAINSItal 2024 Total 2023 FIXED ASSETS Tanglblè A8i•t• Freehold Land hekl for Investment purposes 193,548 Investmen1$ TOTAL FIXED ASSETS 416,827 416,827 418,827 17,305 416 827 210,853 CURRENT ASSETS Debtors Cash at bank 6.714 6,714 34.131 34,131 Creditor8: amounts falling due withln one year {5.014) 16,014) {e,239) Ner CURReNT AsseTSI{LIABILITIES) 29,117 475 TOTAL ASSETS Less CURRENT LIABILITIES 29,117 416 827 445,944 211328 Credilors: amoun18 falllng due after rnore thai one year NET ASSETS 29,117 416827 445,944 211328 TOTAL FUNDS OF THE CHARITY 29,117 416,827 445 944 211.328 The notes that follow form part of these accounts Approved by Ihe Irustees on and slgned on t￿hr behalf by: Dr. l. Mason, TNstee Mrs K.Ciawley replaced Mr K Aplln as vice Chainnan on 14.10.2025 . c_ crcyJJ Lw . THE WRIGHT EDUCATIONAL FOUNDATION Nol•s to lh• Flnanclal Stalements For the year ènded 31 st December 2024 Accounllng Poll¢lM: AcGountlng convontlon The financial statement8 are wepared urKler the hislofical cosl convention as modff￿d by Ihe Inclusion ol investments at market value and in accordance wilh the applicable accounling standards. In preparing the financial 8tatement8 the Charily follows best praclice as laid down in thè Staleménl of Recommended Practice: Accounting and Reporling by ChaTltles' (SORP 2015> (effective 1 January 2015). Inv•stmant Incom• Rents are Induded on an accruals basis and Investment Inc¢)me credlted as feceSved, R•sourcM Exp•nd•d Exp8ndilure is Included on an accruals basls. Expenditure includes any VAT which cannot be recovered and is reported as part ol the expendllure lo %thich It relates. Managemenl and adminl$tratK>n comprlses the cost8 for ihe running of ltr￿ chartlty itself as an organ6sation. Fix•d Aofj￿ Inv•slm•nts Investments are Included at closlng mld-mafkel value at the balance gheet date, Any gain or los$ on revaluation Is taken lo the Statement of Financial Actlvlties. Fund accountlng Detsils of Ihe Tra￿re and purp08e of èach fund is sel oul In nole 8. 2 Agflcultural Land Annual rontal 2024 2023 Valuation on 31112124 31112123 Fr••hold Agrl¢ullur•l Land; 48.387 acres land, Manea 4,629 4,475 4,475 193,548 193.548 The Land was Sold 19th July 2024 in the year resulting In a gain on Sale of £241.935. THE WRIGirr EDUCATIONAL FOUNDATION Nol•• to th• Flnanclal Stat•m•nts For Ihe year ended 3181 Docember 2024 3 Inv••trn•nt Incorn• 2024 2023 Dlvidends w*l¥ed from COIF IrKome Shaffjs DoPOSit AccA)unt Inleresl 475 12 379 487 4 Admlnl•tratlon 2024 2023 Indèpend8nt examlnalknn foe Managemenl Exp8n888 Ellzabeth WfvJhl Charity Legal fees Rent colle¢ilon l••1 480 228 5.740 403 1,111 The Twslees recalved no rnmunerntlm or relmbur88m8nl of 8xp•nsts durfng the year. 5 Inw•tm•nt•; 2024 2023 COIF - Charlllm Inv••lrn•nt Fund - 872 Incorn• unl1• AI Co81 Addlu Mwkel Value as at 31st D•c•mber 915 400.000 915 Excess Market Valuo ov•r Co81 16,35YI Fund A8 al 1s1 January Addllk>n Movemonl In year ended 3181 De¢efflbgr 16,390 400,000 478 14.934 1.456 A* ai 31 st December 415912 Marf(ei Value as al 1st January Addlllon N¢t Gans on Revaluallon as 318t Oecembar 17,306 400,000 478 15,849 1.456 Marft•t V￿u• u at 31•t D•c•mb 416 827 17.305 10 THE WRIGHT EDUCATIONAL FOUNDATION Mot•• to th• Flnanclal Stal•m•nl• For tha year ended 31sl Dacémber 2024 e D•btor• 2024 2023 7 Cf•dltor•: Amount• falllng du• wlthln on• y•ar 2024 2023 Rents received in Advance Cr6dllor8 1.225 5,014 5,014 6.239 8 Fund• Unro8trlct•d lunds oomwlm Iho80 furnjs whlch Ihg truslees are free lo us? In 8cwrdgrw wllh ltho charflabl8 obJ"8cl3. Thè WKIobwnont fund represents th0¥9 898018 whl¢h musl bo hgld pomianenlly by the Charily. Incom8 ari8lng on the 8ndovKnenl lund can be u$8d In acthydaft￿ wtth the oblrtls ol Ihè fund andls Includod as unrestricled Incorne. Any capllal galn$ or10&8es arlsln9 on Ihe Inve8lmenl$ lorm part of the fund g Taxitlon The WrKJhl Educational Foundalion 1$ a regi$terad Charlty, and18. tharefore gxempt irom Ilabllty lo taxallon on Ils Income and Capltal Galn8,