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 T￿￿tee
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 Mana￿￿ent
The Trustees aim to meet four limes pcr annum, the frequency being dictated by th¢ level of
applications for assistance to be considered. The T￿sleeS 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 Tn￿ee8 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 COu￿e, 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 i￿tn]Men( sigbt of the invoic¢ is requir
Charitsble Objects
The Charity's obj￿tS &$ 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 ye￿S of age who are kindred of John Mathews, the founder of the
Charity.
Page 2

JOHN MATHEWS cHAR￿y
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 Obj￿ts, 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
Tn￿le¢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 Tn￿teeS 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 fi￿her £1 000, being l award. was made in 2025 but not paid OUL a8 awaiting verifi¢ation
d￿uMellts 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 fi￿dS 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 c1￿1fUnd. 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 perf0m￿lee 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 ln￿S 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 r￿Onable.
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 ¢t￿le them to etL8ure that the
financial sLqtements comply with the cI￿ltieS Act 2011. the Ch8Tity (Accounts and Reports)
R¢gulations 2008 and the provisioL8 of the trwst deed. They are also responsible for
safeguarding the as￿18 of the and hence for taking reasonable steps for the prevention
and detection of error, fraud and othet irreguiariti¢S.
Page 4

JOHN MATHEWS C￿A￿Ty
TRUSTEES) ANNUAL REPORT
FOR THE YEAR EfiDED 31 DECEMBER 2025
The trustees are responsible for the maintenance and intsgrity of the cbarity and financial
inf0m￿tion included on the Charity Commtssion website in aC￿rd￿Ce 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 Tn￿ee8 you are responsible for the preparation of the a￿OUnts 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
si￿ed.
Date;
30
Page 6

THE EDUCATIONAL CHARrrY OF JOHN MATHEWS
RECEIPTS AND PAYMENTS ACCOUNT
31 DECEMBER 2025
Year Ended
31 D￿￿nber 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
2￿89
88
5261
13507
18768
Total Recéipts
Dlrectcharjtable Exprndlture
Bursaries- Paid
12091
13507
19590
Management and Admlnl$tr&tlon
Independent Exarnir￿r fee
Clerk's honariurn
Insuranr
Stationery & Postage
Website Fee5
Sundry Expense5
Bank Charges HSBC
Tr8vel Expensvd
432
2000
76
76
245
49
432
2000
76
76
245
49
36
20C#)
2000
57
240
57
240
39
15070
13909
28979
13507
22555
Purchase of Inve$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 balanc*s 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 char￿nd 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 p￿d (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 T￿￿tett8 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 As￿1 Valuo).
3. Hor￿rada 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