THE EDUCATIONAL CHARITY OF JOHN MATHEWS ANNUAL REPORT AND FINANCIAL STATEMENTS 31 DECEMBER 2025 Registered CbarRty: 525553
THE EDUCATIONAL CHARrrY OF Jolllrf MATHEWS ANNUAL REPORT AND FINANCIAL STATEMENrs 31 DECEMBER 2025 Contents Page Tntstee8 Annual Report Independent Examine Report Receipts and Payments Account Statement of Assets and Liabilities Notes
JOHN MATHEWS CHARrrY TRUSTEES? ANNUAL REPORT FOR THE YEAR EMIED 31 DECEMBER 2025 Statu$ and Administrallon The Educational Charity of John Mathews is registered with the Cbarity Commission (No. 525553), The Charity is governed by its governing document dated 8 May 1989, as varied by the scheme on 28 Septemt¢r 1990. The Charity is administered by the Board of Trustees, comprisin8: Mrs S Grindley ( Chairperson ) Cllr E W Williams Mr P Bowd Rev M Wilkinson Mrs C Penge Mr J W Roberts Mr N Grenfell Marten Jndependent Tru8le¢ Denbighshire County Council nominee Oswesty School nominee Vicar of Chirk nominee Independent Ttee Indepcndent Trnstee. Ruthin School nominee. Resigned January 2025. Trustees are appointed in Accordance with the requirement of The Charity Commission &% laid down in the document dated 8 May 1989. namely that there shall be: 2 ex-officio Trustees being the vicars of Parish of L18ngollen and Parish of Chirk. nominated Trustees being: One by Denbighshire County Council &$ local education authority. One by Llangollen Town Council; One by the Governors of Ruthin School and One by th¢ Govemors of Oswesty School. I Independent Trustee Offlcers ai at 31 De¢ember 2025 The Clerk to The Trustees is Mr P B Smith B A (Econ), FCMA Address: Lyndhursl 6 V¢rnon AveTkue, Hooton, South Wirral CH66 6AL Advisers Bankers: HSBC St P¢ters Square Ruthin, Denbighshire LLI 5 IAB Independent ExamAn¢r: Phillip Bates and Co Limited ]- 3 Chester Road Neston Wirral, Cheshire CH64 9PA Trustee Insurance Brokers: Zurich Insuran PIC Thc Zurich Centre, 3000 Parkway Whiteley, Fareham Hampshire P015 7JZ Pase I
JOH1¥ MATHEWS CHARITY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Recrulin*AI andtraining of Truslee5 The Charity's Tnths are appointed in accordance with the goveming document dated 8 May 1990 as varied by the scheme on 28 September 1990. All Trnstees, on appointD]enl. ar¢ given a comprehensive briefing on the charity's history, Scheme condition5 and methods of operatio The above appointsnents bring the total nwnber of Trustees down to seven. Mr N J Grenfell- Marten resigned due to pressure of woik. He expected the School Bursar to take his place as nomince of Ruthin School, but tegrettably he h&s refijsed to do so. Ther¢fore Ruthin School and the Vicar of Llango1le both named &8 posts being ex-Offi¢io TnLgtees in the Tnist Deed are no longer representeiL Oryanlsailonal Manaent The Trustees aim to meet four limes pcr annum, the frequency being dictated by th¢ level of applications for assistance to be considered. The TsleeS m¢t four times in 2025. The day-to-day administration of the Charity is the responsibility of the Clerk to The Trustees. Rifk Monagement The Tnee8 do not wnsider that there ar¢ any major risks facing the Charity. other than ensuring that appli¢ations received ar¢ considered strictly in a¢¢ordance with the scheme rules. When an award ts made the recipient is required to provide a ketter from the College/University confirming the COue, enrolment 2nd payment of fees, in order to verify the appEicants infonnation> prior to the award being paid. tn the event of an award being made for an item, eg musical itn]Men( sigbt of the invoic¢ is requir Charitsble Objects The Charity's objtS &$ set out tn its Governing Do¢ument to provide assistance towards the cost of education for young people defined in the following extract from the Scheme:. Persons under 25 yeS of age who are kindred of John Mathews, the founder of the Charity. Page 2
JOHN MATHEWS cHARy TRUSTEES. AIYNUAL REPORT FOR THE YEAR EIYDED 31 DECEMBER 2025 Charithble Objects (Conithu¢d) Persons under 25 years of age resident in the area comprising of the Communities of Chirl Llanarnion-Yn- Lal, Llandegw Llangollen Rural and LlantysAIio. Persons under 25 years of age resident in the area comprising the District of Glyndwr and the Borough of Wrexham Maelor, both in the County of Clwyd and the Borough of Oswe8ty in the County of Sbropshire. Charitys'Alnts andJnleJtded Within these Objts, the aim of the Charity is to provide assistance wherever there is proven need and the criteria are met. The objeclive is to provide additional educational and Career training for those who may otherwise be unable to afford such training. Report on Achlevements In 2025 ag4iNsl objeclives 4nd slrnte&v Sel The Charity continues to recetve an cxtremely good level of applications. Objeclivesfor the Y¢ar 2026 To continue to encourage applications for assistance from all qu8rtWS and to ensure that those applications are ¢onsidered and awards made in accordance with the Scheme ndes. There were a number of mectings tn the year that w¢re inquorate, due to non-attendance of Tnle¢s, and this highlights that the number of Trustees is well below the required level. Efforts to addr¢ss this have been made in prior years 8nd is obviously a priority again for attention in 2025. Paul Smith, Clerk to the TnteeS since 2000, is retiiing from th¢ role at the March AGM. He is being replaced by Phil Bowd, who will resign as a Trnstee in order to undertake the role. A smooth, seamless transfer of responsibilities is being planned. Pbil's departure as Trustee will however put fiuther pressure on appointment of Trustees if meetings are to be guaranteed quorate. Award¥" Grnnted in 2025 In 2025 the value of new awards ma(k. and p¥id in the year was £23350, amounting to thirty two awards. an ail titne record. A fiher £1 000, being l award. was made in 2025 but not paid OUL a8 awaiting verifi¢ation duMellts from the applicant. An additional 4 awards made in 2024 and carried over from that year (£2650), were also paid, bringing total awards pald in the year to £26,000. Page 3
JOHN MATHEWS CHAIUTY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Flnancial Report The Charity's investment valuation fallen over the year by £24788. All three investrnt vehi¢l¢s still considered entirely satisfactory, and appropriate for the Charitys. neds. Totd fimds stsnd at an extremely healthy figure of £635143. Ruerves Policy The Trusiees wish the reserves of investments held by the Charity to be no Less than the level of endowed fidS plus 2/0. The Tntss Thish to keep all endowed funds invested with The Charities Official tnvestment Fund (COIF), which is managed by Churches. Cl)arities and Local Authorities (CCLA) organisation. The non-endowed funds are split between COIF funds and M and G c11fUnd. M & G closed the CharilM)nd fimd in the year. and replaced it with the Charifund ac¢ounL to which IOOO/o of the investsnent previously in Clwibond w&$ tr8nsferred. The Trnstses review investments aJ)nually for perf0mlee and srfurity of funds. ACCOUNTING AND REPORTING RESPONStBILITIES The Trustees ate responsible for pryring the Truste¢s Report and the financia] statements in aecordance with applicable law and United Kmgdom Accounting Standards ( United Kingdom Generally Accepted Accounting Pracli¢e.) The law applicable to cl]arities in England and Wales requires the to prepare fitwi¢iai statements for each year which give a trye and fair VAew of the stste of affairs of the charity and of the iti]ng resouwes and application of resources of the chatity for that period. In preparing these financial stalements the lnS are rquired to: select suitable accounting w)licies and apply them con5iStently; observe the methods aad principles in the clwity SORP. make judgements and estimates that are rOnable. st*e whether applithle accounling standards have Ixen follow4 subject to aTry material departures disclosed in the financial statements, and Prepare the fllLqnciai statements on the going concem basis unless it is iDappropriate to assume that the Charity will continue in operation. The Trnstees are responsible for keepiDg accounting records that disclose with reasonable accuracy at any time the finanrial position of the charity and ¢tle them to etL8ure that the financial sLqtements comply with the cIltieS Act 2011. the Ch8Tity (Accounts and Reports) R¢gulations 2008 and the provisioL8 of the trwst deed. They are also responsible for safeguarding the as18 of the and hence for taking reasonable steps for the prevention and detection of error, fraud and othet irreguiariti¢S. Page 4
JOHN MATHEWS CATy TRUSTEES) ANNUAL REPORT FOR THE YEAR EfiDED 31 DECEMBER 2025 The trustees are responsible for the maintenance and intsgrity of the cbarity and financial inf0mtion included on the Charity Commtssion website in aCrdCe with legislalion in the United Kingdom governing the preparation and dissemination offinancial statements. Approved by the Trustees on 2026 and sifftl on its behalf by: Mrs Sheena Grindley Chair of Tn¢$ LIT Page 5
INDEPEIYDENT EXAMINERS REPORT TO THE TRUSTEES OF JOHN MATHEWS EDUCATIONAL CHARITY FOR THE YEAR ENDED 31 DECEMBER 2025 Responsibilities aDd bYdSi8 of the report I report to the trwgtees on my examination of the accounts of the above charity for the year ST ended 31 De¢¢miw 2025 which art set out on pages 7 - 8. A5 the ¢harity'S Tnee8 you are responsible for the preparation of the aOUnts in accordance with the requtrements of the Charities Act 2011 Clhe Act"). I report in respect of my examination of the Trust's accounts carried out uttder section 145 of the 2011 A¢t and in carrying out my examinatio I have followed the applicable Directions given by the Charity CommÈssion under section 145(5)(b) of the A¢L Jndependent EJ¥min¢rs Stat¢m¢nt I have completed my examination I cot)firn] that no material matters have come to my attention in Co[ectiOn with the examxtmtion wknch 8ives m¢ cause to believe that in any material re5pe¢t: accounting records were not kept ID respect of the charity as required by section 130 of the Act or the accounts do not accord with those records. I have no concerns and have come across no other matters in C4)nnection with the examination to whicb attention should be drawm in this report in order to enable a proper understsndillg of the accounts to be reached. Phillip Bates Phillip Bates and Co Ltd Chartered Accountants 1- 3 Chester Road Neston, Cheshire CH64 9PA sied. Date; 30 Page 6
THE EDUCATIONAL CHARrrY OF JOHN MATHEWS RECEIPTS AND PAYMENTS ACCOUNT 31 DECEMBER 2025 Year Ended 31 Dnber 2026 Unr¢strtctad Endowment Funth Funds Year Ended 31 December 2024 Unreslrf¢t¢d Endownnent Fund¥ Funds Total Fund• Total Fund$ Income Re¢elpts Diviéends Funds received e% Rulhin Sthool 6180 5888 13909 289 88 5261 13507 18768 Total Recéipts Dlrectcharjtable Exprndlture Bursaries- Paid 12091 13507 19590 Management and Admlnl$tr&tlon Independent Exarnirr fee Clerk's honariurn Insuranr Stationery & Postage Website Fee5 Sundry Expense5 Bank Charges HSBC Tr8vel Expensvd 432 2000 76 76 245 49 432 2000 76 76 245 49 36 20C#) 2000 57 240 57 240 39 15070 13909 28979 13507 22555 Purchase of Inve$bnents M and G Charibond Shares Totsl Payments 13 22555 Net recelpts for the year 87 Opening C4sh and bank b¢lan¢s a6 at 01 January 2025 15170 15170 18957 18957 Closing C8sh and bank balancs as at 31 Decernber 2025 12168 12168 15170 15170 Page 7
THE EDUCATIONAL CHARITY OF JOHN MATHEWS STATEMENT OF ASSETS AND UABILITIES 31 DECEMBER 2026 Ywr Endod 31 Do¢•mb8r 202S Yoar Endod 31 D•c•mbor 2024 Unro8trSctod Endowm•nt Fund¥ Fund8 Total Unmtrlci•d Endowm•nt Funds Funds Funds rABh Funds Bank account balan¢* 12168 1216B 15170 15170 Totsl for Genersl Purpose Fund 12188 12188 15170 15170 Imi•stment uBo1• Non•ndowod 4446.10 COIF C03053851 Inc Shares I val at 31 DecembEr I 85946 85946 90287 Partial Endowed 4097 614 charnd Shares I k & at 31 Decomber } 87503 328S 70788 61736 3004 64740 Fully Endow•d 24205.07 COIF C030538S2 Inc ¥hares ( Value at 31 Dttember ) 467688 467688 491201 491201 TOTAL A8SEf8 633305 3285 636590 187173 494205 661378 Llabllities Independent Examiners Fee 8¢crual Bursarfes still to be pd (1no) TOTAL LIABILITIES 447 1000 432 3400 432 3400 1000 1447 1447 3B32 3832 TOTAL NETh ASSETS 631B58 3285 63S143 163341 6SI546 Approved by the Ttett8 on and wgned on their h3[f by Councilbr Jean Gdndley Chair of Trustees NOTES Accountlng pollclos 1. These 8ccL)unts have been prepared the re¢wpts and payments basls and in accordancs vAth appl¢cable accounting standards and th¢ SLitement ol Recormierhled Practice on Accounting by Charities. LWLrT Y C4tt(< 2. Investments are indud•d at mid market value (Net As1 Valuo). 3. Horrada and Expen8•$ No payments of expenses made to Trustee¥ in the year. Th? Clerk to thg TTUStee8 recelved £2000 being an honorarium. Page 8
Inv081ment assets held by John Mathews Charlty 0800 917 447; Value 65034.05 5753.87 and G Charlfund Non Endowed AIC no 0024015326 0110812025 UNITS BOUGHT FROM SALE OF CHARIBOND 31-Dec-25 Profrt on revaluation Shargs 4097.614 4097.614 70787.92 COIF Non Endowed Share8 C030638514J01 31-Dec-00 Brought forward 31-Dec-01 Loss on revaluation 31-Dec-02 Lo&8 on revaluation 31-Dec-03 Profrt on revaluation 31-Dec-04 Prorrt on revaluation 31-Dec-05 Profit on revaluation 31-Dec-06 Profit on revaluation 31-Dec-07 Profit on revaluation 31-Dec-08 Loss on revaluation 31-Dec-09 Profit on revaluation 31-Dec-10 Profit on revaluation 31-Dec-11 Loss on revaluation 31-Dec-12 Profrt on revaluation 31-Dec-13 Profit on revaluation 31-Dec-14 Profrt on revaluation 31-Dec-15 Profrt on revaluation 31-Dec-16 Profrt on revaluation 31-Dec-17 Profit on revaluation 31-Dec-18 Loss on revaluation 31-Dec-19 Profit on revaluation 31-Dec-20 Profit on revaluation 31-De¢-21 Profrt on revaluation 31-Dec-22 Loss on revaluation 31-De¢-23 Profft on revaluation 31-Dec-24 Profit on revaSuation 31-Dec-25 Loss on revaluation Share8 4448.10 Value 49538.04 -6901.22 896.65 3745.83 2505.00 6336.00 4674.02 1066.21 -13387.00 3413.92 2767.16 -2579.01 3929.46 5497.85 2485.15 671.22 5586.81 5241.20 -1815.72 11422.28 4815.98 11233.23 -10619.84 7542.eA 1994.09 4320.89 4448.10 85945.74 COIF Endowed Shar08 C030538524101 31-Dec-00 Brought forward 31-Dec-01 Loss on revaluation Shares 24205.07 Value 269569.44 47554.16
31-De¢-02 Loss on revaluation 31-Dc.¢.. 02 Ptofif (>fTr rc.vc,' 31-Dec4)4 Profrt on rewdludtiori 31-Dec-05 Profrt on revaluation 31-Dec-06 Profit on revaluation 31-Dec-07 Profrt on revaluation 31-Dec-08 Loss on revaluation 31-Dec-09 Profit on revaluab'on 31-Dec-10 Profit on revaluation 31-Dec-11 Loss on revaluation 31-Dec-12 Profrt on revaluation 31-Dec-13 Profit on revaluation 31-Dec-14 Profrt on revaluation 31-Dec-15 Profft on revaluation 31-Dec-16 Profrt on revaluation 31-Dec-17 Profrt on revaluatlon 31-Dec-18 L088 on revaluation 31-Dec-19 Profit on revaluation 31-Dec-20 Profft on revaluation 31-Dec-21 Profit on revaluation 31-Dec-22 Loss on revaluation 31-Dec-23 Profrt on revaluation 31-Dec-24 Profit on revaluation 31-Dec-25 Loss on revaluation 48412.56 20385.28 13630.00 34480.00 25432,49 5801.96 -72847.59 18577.39 15057.98 -14034.10 21382.76 29917.47 13523.37 3652.55 30401.56 28520.84 -9880.51 82156.20 28206.83 61127.48 -57789.60 41044.53 10851.14 -23512.81 24205.07 467687.94
and G Charibond Non Endowad 25-Jan-05 Pur¢hasc of skiarcq 31-De&05 Profft on rèvaluation 15-Jan-06 Purchase of share8 22-Dec-06 Purchase of shares 31-Dec-06 Loss on revaluation 31-Dec-07 Loss on revaluation 31-Dec-08 Loss on revaluation 8-Jul-09 Purchase of shares 19-Dec-0g Purchase of shares 31-Dec-09 Profit on revaluation 31-Dec-10 Profit on revaluation 26-Apr-11 Purchase of shares 31-Dec-11 Profit on revaluation 25-May-12 Purchase of shares 31-Dec-12 Profrt on revaluation 23-Dec-13 Purchase of shares 31-Dec-13 Loss on revaluation 31-Dec-14 Profit on revaluation 19-Oct-15 SALE of unrts 31-Dec-15 Loss on revaluation 31-Dec-16 Profrt on revaluation 31-Dec-17 Loss on revaluation 31-Dec-18 Loss on revaluation 31-Dec-19 Profit on revaluation 31-Dec-20 Profit on revaluation 31-De¢-21 Loss on revaluation 31-Dec-22 Loss on revaluation 30-May-23 Purchase of shares 31-Dec-23 Proflt on revaluation 31-Dec-24 Loss on revaluation 9-Jul-25 Profit on revaluation 9-Jul-25 UNITS SOLD IN ERROR Shares Value 0800 917 12965.839 16700.00 181.52 4201.881 5500.00 4866.181 6000.00 -1236.01 -396.60 -506.77 12690.356 15000.00 3273.323 4000.00 1190.66 265.98 8103.728 10000.00 2402.84 4654.772 6000.00 1540.85 8000.00 -4461.18 3600.66 4821.988 -6000.00 -3811.22 3627.61 -1085.14 -2490.05 1006.51 749.63 -2259.39 -6741.49 7577.911 8000.00 2325.64 -2364.00 294.00 -60000.044 45034.05 6488.241 60000.044 0.00