2025-07-31-accounts - The Thomas Howell's Education Fund For North Wales

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`CONTENTS`	`Page`
`ReportoftheTrustee`	`1-6`
`Independentauditors’report`	`7-9`
`Statementoffinancialactivities`	`10`
`Balancesheet`	`11`
`Notestothefinancialstatements`	`12-19`
`AppendixA`
`Reference& Administrativeinformation`

			`Unrestricted`	`Endowment`	`Total`	`Total`
	`Note`		`Fund` `£`	`Fund` `£`	`2025` `£`	`2024` `£`
`Incomeandendowmentsfrom:`
`Donationsandlegacies` `Investments`		`2` `3`	`329,748` `30,375`	`-` `-`	`329,748` `30,375`	`325,583` `26,131`
`Total`			`360,123`	`-`	`360,123`	`351,714`
`Expenditureon:`
`Charitableactivities`		`4,5`	`335,751`	`-`	`335,751`	`342,689`
`Total`			`335,751`	`-`	`335,751`	`342,689`
`Netinvestmentgains/ (losses)`		`6`	`-`	`85,146`	`85,146`	`57,174`
`Netmovementinfunds`			`24,372`	`85,146`	`109,518`	`66,199`
`Balancesat1 August`			`291,403`	`951,274`	`1,242,677`	`1,176,478`
`Balancesat31July`			`315,775`	`1,036,420`	`1,352,195`	`1,242,677`

			`2025`
	`Note`	`£`		`£`	`£`
`Fixedassets` `Investments`	`6`		`1,036,420`		`951,274`
`Currentassets`
`Debtors` `Cashatbank`	`7`	`111,748` `241,452`		`103,583` `210,976`
		`353,200`		`314,559`
`Liabilities` `Creditors:amountsfalling`	`8`	`(37,425)`		`(23,156)`
`duewithinoneyear`		`(37,425)`		`(23,156)`
`Netcurrentassets`			`315,775`		`291,403`
`Totalnetassets`	`9`		`1,352,195`		`1,242,677`
`Representedby:`
`Capitalfunds` `EndowmentFund`	`10`		`1,036,420`		`951,274`
`IncomeFunds` `UnrestrictedFund`	`10`		`315,775`		`291,403`
			`1,352,195`		`1,242,677`
			`———a`

`2`	`Donations`
		`Total`	`Total`
		`2025`	`2024`
		`£`	`£`
	`IncomeallocationfromThomasHowell’sTrust` `DonationfromTheDrapers’Company`	`306,748` `23,000`	`303,583` `22,000`
		`329,748`	`325,583`
`3`	`Investmentincome`

`Investmentincome`
	`Total`	`Total`
	`2025`	`2024`
	`£`	`£`
`Dividendsreceivablefrom:`
`TheDrapers’CharitiesPoolingScheme`	`25,310`	`25,312`
`Interestreceivable`	`5,065`	`819`
	`30,375`	`26,131`

`4`	`Charitableactivities:Costofgrantsawarded`	`2025`	`2024`
		`£`	`£`
	`GrantsawardedfromUnrestrictedFunds:` `WrexhamUniversity` `ChristtheWordCatholicSchool` `YsgolBrynCollen` `YsgolSychdyn` `GwermymynyddSchool` `NorthWalesOutdoorEducationService` `PrestatynHighSchool` `Romodels` `YsgolPendalar` `Ysgoly Gwernant` `StWinefride’sCatholicPrimarySchool` `NewSinfonia` `MineraPrimarySchool` `YsgolGynraddRhosneigr` `YsgolyrHendre` `St.Christopher’sSchool` `MenaiStraitsHeritageSailing` `YsgolMaesGarmon` `YsgolCynddelw` `YsgolBroGwydir` `StPeter’sPrimarySchool` `YsgolWaunfawr` `YsgolGwynedd,Flint` `YsgolSyrThomasJones` `Anthem.MusicFundWales` `CommunityHeartProductions` `ConwyArtsTrust` `GarthPrimarySchool` `YsgolBodafon` `YsgolBroCarmel` `YsgolBrynCoch` `YsgolGynraddMaesincla` `YsgolPentre` `Ysgoly Castell` `Children’sFestivalofWelshHistory` `YsgolGymraegHenllan` `HawardenHighSchool` `MountainLanePrimarySchool` `Ysgoly Faenol` `YsgolGynraddLlanrug` `YsgolBroLleu` `YsgolCaerDrewyn` `YsgolTremeirchion` `YsgolGymunedBryngwran` `YsgolRhiwlas` `Totalcfwd`	`32,000` `14,050` `12,000` `10,235` `10,000` `10,000` `10,000` `10,000` `9,989` `9,700` `9,575` `9,000` `8,700` `8,000` `7,800` `7,735` `7,500` `7,350` `7,000` `6,460` `6,400` `6,320` `6,000` `5,550` `5,000` `5,000` `5,000` `5,000` `5,000` `5,000` `5,000` `5,000` `5,000` `5,000` `4,500` `4,199` `4,028` `4,000` `3,978` `3,000` `2,875` `2,559` `2,532` `2,500` `2,500` `318,035`	`30,000` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `10,325` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `5,000` `-` `-` `-` `-` `-` `-` `-` `.` `-` `+` `-` `-` `2,000` `-` `-` `-` `-` `-` `47,325`

	`2025`	`2024`
`Balancebfwd` `Ysgoly Gelli` `YsgolCarrog` `StMary’sPrimarySchool,Overton` `YsgolBroCinmeirch` `YsgolDyffrynNantlle` `Otherawards`	`£` `318,035` `2,150` `1,867` `900` `833` `520` `-`	`£` `47,325` `-` `-` `2,800` `-` `-` `270,312`
`Less:grantsreturned`	`(15,655)`	`(3,295)`
`TotalfromUnrestrictedFunds`	`308,650`	`317,142`
`SupportCosts(allocatedtounrestrictedfunds)`
`ManagementCosts` `:Administration`	`6,956`	`6,383`
`Office`	`3,113`	`3,034`
`FinanceCosts:Administration`	`6,957`	`6,383`
`Office` `Governancecosts(seeNote5)`	`3,114` `6,961`	`3,034` `6,713`
	`335,751`	`342,689`
`Charitableactivities:Governancecosts`
	`2025`	`2024`
	`£`	`£`
`Administrationstaffcosts`	`3,477`	`3,194`
`Officecosts`	`1,557`	`1,516`
`Auditfees`	`1,927`	`2,003`
	`6,961`	`6,713`

`Investments`	`Total`	`Total`
	`2025`	`2024`
	`£`	`£`
`Marketvalueat` `1August` `Acquisitions`	`951,274` `-`	`894,100`	`-`
`Netinvestmentgains/(losses)`	`85,146`	`57,174`
`Marketvalueat31July`	`1,036,420`	`951,274`
`Historicalcostat31July`	`143,148`	`143,148`
`AllinvestmentassetsareheldwithintheUnitedKingdom.`

`Debtors`
	`2025`	`2024`
	`£`	`£`
`AmountduefromThomasHowell’sTrust`	`111,748`	`103,583`
	`111,748`	`103,583`
`Creditors:Amountsfallingduewithinoneyear`
	`2025`	`2024`
	`£`	`£`
`Sundrycreditors`	`1,925`	`1,836`
`Grantspayable`	`35,500`	`21,320`
	`37,425`	`23,156`

	`Unrestricted`	`Endowment`	`Total`
	`Funds`	`Fund`	`2025`
	`£`	`£`	`£`
`TheDrapers’Charities`	`-`	`1,036,420`	`1,036,420`
`PoolingScheme`
`Totalinvestments`	`-`	`1,036,420`	`1,036,420`
`Netcurrentassets`	`315,775`	`-`	`315,775`
`Totalnetassets`	`315,775`	`1,036,420`	`1,352,195`
	`Unrestricted`	`Endowment`	`Total`
	`Fund`	`Fund`	`2024`
	`£`	`£`	`£`
`TheDrapers’Charities`	`-`	`951,274`	`951,274`
`PoolingScheme`
`Totalinvestments`	`-`	`951,274`	`951,274`
`Netcurrentassets`	`291,403`	`-`	`291,403`
`Totalnetassets`	`291,403`	`951,274`	`1,242,677`

`Funds`
			`Movements`	`ofFunds`
	`1August`	`Incoming`	`Resources`		`Gain/`	`31July`
	`2024` `£`	`resources` `£`	`expended` `£`	`Transfers` `£`	`(losses)` `£`	`2025` `a`
`EndowmentFund`
`Permanent`
`EndowmentFund`	`951,274`	`-`	`-`	`-`	`85,146`	`1,036,420`
	`951,274`	`-`	`-`	`-`	`85,146`	`1,036,420`
`UnrestrictedFund`	`291,403`	`360,123`	`(335,751)`	`-`	`-`	`315,775`
`Totalfunds`	`1,242,677`	`360,123`	`(335,751)`	`-`	`85,146`	`1,352,195`
			`Movements`	`ofFund`
	`1August`	`Incoming`	`Resources`		`Gain/`	`31July`
	`2023` `£`	`resources` `£`	`expended` `£`	`Transfers` `£`	`(losses)` `£`	`2024` `£`
`EndowmentFund`
`Permanent`
`EndowmentFund`	`894,100`	`-`	`-`	`-`	`57,174`	`951,274`
	`894,100`	`-`	`-`	`-`	`57,174`	`951,274`
`UnrestrictedFund`	`282,378`	`351,714`	`(342,689)`	`-`	`-`	`291,403`
`Totalfunds`	`1,176,478`	`351,714`	`(342,689)`	`-`	`57,174`	`1,242,677`

`13.` `PrioryearSOFA`
	`Unrestricted`	`Endowment`	`Total`
	`Fund`	`Fund`	`2024`
	`£`	`£`	`£`
`Incomeandendowmentsfrom:`
`Donationsandlegacies`	`325,583`	`=`	`325,583`
`Investment`	`26,131`	`es`	`26,131`
`Total`	`351,714`	`i`	`351,714`
`Expenditureon:`
`Charitableactivities`	`342,689`	`~`	`342,689`
`Total`	`342,689`	`“s`	`342,689`
`Netinvestmentgains/(losses)`	`-`	`57,174`	`57,174`
`Netmovementinfunds`	`9,025`	`57,174`	`66,199`
`Balancesat1 August`	`282,378`	`894,100`	`1,176,478`
`Balancesat31July`	`291,403`	`951,274`	`1,242,677`

`1`	`TheDrapers’CharitableFund`
	`MonicaMcCleanCampbell`	`(2000)`
	`JohnSidneyGoddard`	`(1955)`
	`MartinRichardHarris`	`(1995)`
	`SamuelHarwar`	`(1704)`
	`MorganWynnHumphreyDavies`	`(2005)`
	`RolandBowerJackson`	`(1972)`
	`PeterFrancisOrchard`	`(1993)`
	`AnthonyHoratioPacke`	`(2004)`
	`SirErnestPooley`	`(1957)`
	`RichardGuyPowell`	`(1995)`
	`EmmaandNeilRedcliffe`	`(2018)`
	`MollieKateStone`	`(1998)`
	`Rev.PeterTaylor`	`(1997)`
	`Mrs.SusanDaphneTaylor`	`(1997)`
	`BaronessdeTurckheim`	`(2006)`
	`JohnAlgarWinter`	`(2014)`
	`TheDrapers’Company`	`(1959)`
	`TheDrapers’ConsolidatedCharity`
	`LadyEmmaAskew`	`(1552)`
	`RobertBuck`	`(1620)`
	`HenryButler`	`(1615)`
	`ChristopherClarke`	`(1671)`
	`WilliamDolphin`	`(1534)`
	`SirJohnMilbourne`	`(1534)`
	`ThomasRussell`	`(1593)`
	`SamuelWhitbread`	`(1797)`
	`SirThomasAdams`	`(1666)`
	`LadyEmmaAskew`	`(1552)`
	`SirEdwardBarkham`	`(1632)`
	`GilesBlomer`	`(1676)`
	`WilliamGlynesBruty`	`(1948)`
	`RobertBuck`	`(1620)`
	`LawrenceCampe`	`(1612)`
	`LadyBarbaraChampion`	`(1576)`
	`SirRichardChampion`	`(1568)`
	`OwenClonne`	`(1563)`
	`SirAlanCotton`	`(1627)`
	`WilliamCotton`	`(1606)`
	`SirThomasCullum`	`(1664)`
	`JohnDeacle`	`(1706)`
	`AliceDummer`	`(1574)`
	`WilliamDummer`	`(1574)`
	`SirGeorgeGarrett`	`(1648)`
	`MartinHall`	`(1658)`
	`JohnHeydon`	`(1579)`
	`AnthonyHibbins`	`(1639)`
	`ThomasHollis`	`(1714)`
	`HenryJay`	`(1601)`
	`HughJohnson`	`(1618)`
	`SirJohnJolles`	`(1617)`
	`JohnKendrick`	`(1624)`

	`TheDrapers’ConsolidatedCharity(continued)`
	`JohnRainey`	`(1631)`
	`LadyMaryRamsay`	`(1601)`
	`TheophilusRoyley`	`(1655)`
	`AgnesSmith`	`(1612)`
	`JohnSmith`	`(1645)`
	`SirSamuelStarling`	`(1673)`
	`JohnStock`	`(1780)`
	`WilliamThorogood`	`(1602)`
	`JohnWalter`	`(1656)`
	`NicholasWheeler`	`(1618)`
	`RobertWilson`	`(1639)`
	`RobertWilson(2nd)`	`(1660)`
	`RobertWinch`	`(1671)`
	`HenryDixon’sFoundationforApprenticing`
	`PeterBlundell`	`(1599)`
	`FrancesClarke`	`(1608)`
	`ThomasCorney`	`(1858)`
	`SirThomasCullum`	`(1664)`
	`HenryDixon`	`(1693)`
	`DrArthurEdwardGiles`	`(1936)`
	`JonathanGranger`	`(1769)`
	`SirJohnJolles`	`(1617)`
	`JohnKendrick`	`(1624)`
	`RichardOgborn`	`(1833)`
	`SamuelPennoyer`	`(1652)`
	`TheophilusRoyley`	`(1655)`
	`ThomasRussell`	`(1593)`
	`ThomasSoley`	`(1879)`
	`JohnStocker`	`(1571)`
	`TheDrapers’(WilliamandMary)TercentennialAward`
	`TheDrapers’Company`	`(1992)`
`2`	`TheDrapers’AlmshouseCharity`
	`JohnEdmanson`	`(1695)`
	`SirJohnJolles`	`(1617)`
	`JohnPemel`	`(1681)`
	`AnnMills`	`(1690)`
	`RichardMills`	`(1725)`
	`WalterMills`	`(1725)`
	`RobertRender`	`(1650)`
	`AliceWalter`	`(1658)`
	`JohnWalter`	`(1656)`
	`SarahElizabethGiles`	`(1908)`
	`WilliamLambarde`	`(1574)`
	`JosephMacey`	`(1791)`
	`RalphRookby`	`(1594)`
	`EdwardWalrond`	`(1720)`

`3`	`FrancisBancroft’sTrust`
	`FrancisBancroft`	`(1727)`
	`EustaceTrevorHunt`	`(1981)`
	`KevinWingScholarshipFund`
	`KevinRobertWing`	`(1993)`
	`Bancroft'sSchoolPrizeFundTrust`
	`Bancroft’sSchoolParentsAssociation`	`(1988)`
	`GoldieJ Benjamin`	`(1992)`
	`BrianF Beveridge`	`(1993)`
	`ChristopherAndrewBoote`	`(1990)`
	`KeithCampbell`	`(1985)`
	`TheDrapers’Company`	`(1985)`
	`RobertMartinNewtonEllis`	`(1980)`
	`AlexanderJohnEscott`	`(1979)`
	`Mr& MrsD Foskett`	`(1997)`
	`JeanCatherineGiles`	`(1992)`
	`FHodson`	`(1919)`
	`DorothyF Honeybone`	`(1965)`
	`DrGerardHousden`	`(1977)`
	`ReginaldWilcoxLone`	`(1968)`
	`Mr& MrsD F Masani`	`(1990)`
	`MarjorieMutch`	`(1965)`
	`MabelAltheaNaismith`	`(1953)`
	`EdwardPlayne`	`(1964)`
	`QuintetFilmsLtd.`	`(1984)`
	`PeterRobshaw`	`(1979)`
	`GladysRogers`	`(1945)`
	`TheSalters’Company`	`(1984)`
	`SirAlbertStern`	`(1942)`
	`NormanEwartThurston`	`(1970)`
	`DonaldThomasAlfredTownend`	`(1984)`
	`HenryTrower`	`(1892)`
	`Mr& MrsG Watkins`	`(1976)`
	`GeoffreyCharlesWatts`	`(1992)`
	`EdithMayWhitmarsh`	`(1992)`
	`Mr& MrsR V Wingham`	`(1992)`
	`FrankWinmill`	`(1979)`
	`TheWolfsonFoundation`	`(1983)`
	`ThomasHenryLittlewood’sTrust`
	`ThomasHenryLittlewood`	`(1948)`
`4`	`ThomasHowell’sTrust`
	`ThomasHowell`	`(1540)`

	`TheThomasHowell’sEducationFundforNorth`	`Wales`
	`ThomasHowell`	`(1540)`
	`Howell’sSchoolPrizeFundTrust`
	`GladysAnneCaleb`	`(1961)`
	`JanoClementDavies`	`(1945)`
	`HowardDennett`	`(1987)`
	`TheDrapers’Company`	`(1985)`
	`RuthFairclough`	`(1943)`
	`GeorginaMcBrien`	`(1996)`
	`OldHowelliansAssociation`	`(Various)`
	`GwendolineMarySabinaOsborne`	`(1997)`
	`CharlotteNoraOwen`	`(1988)`
	`RebeccaJaneOwen`	`(1988)`
	`Mr& MrsD R Parry`	`(1962)`
	`MaryGertrudePugh`	`(1946)`
	`QuintetFilmsLtd.`	`(1984)`
	`DorothyRobinson`	`(1965)`
	`TheSalter’sCompany`	`(1985)`
	`MollieKateStone`	`(1967)`
	`NoelMursellTimpson`	`(1942)`
	`HenryTrower`	`(1892)`
	`EileenWard`	`(1987)`
	`WinifredAnnieWoodcock`	`(1967)`
	`Howell’sSchoolSpecialGrantsFund`
	`TheHostelGuarantorsatHowell’sSchool,Denbigh`	`(1928)`
	`TheRanjitSinghTravellingScholarshipFund`
	`RanjitSingh`	`(1933)`
	`TheMaryBrearleyMusicFund`
	`MaryBrearley`	`(1984)`
`6`	`SirWilliamBoreman’sFoundation`
	`SirWilliamBoreman`	`(1684)`
	`WilliamClavell`	`(1818)`
	`SirWilliamLanghorn`	`(1713)`

`Trustee`	`TheDrapers’Company`
`Principaloffice`	`Drapers’Hall`
	`ThrogmortonAvenue`
	`London`
	`EC2N2DQ`
`CourtofAssistants`	`NicholasBence-Trower`
	`DavidChalk`
	`WilliamCharnley`
	`JaneMather`
	`PhilpOgden`
	`TimothyOrchard`
	`ThomasHarris`
	`StuartShilson`
	`PatrickBeddows`
	`PhilipLawford`
	`MoragShiach`
	`TimothyPage`
	`RichardHorner`
	`LukeSavage`
	`AndrewFord`
	`NeilRedcliffe`
	`BenedictDunhill`
	`JoshuaBottomley`
`Officers`	`RichardWinstanley(Clerk)`
	`DavidSumner(DirectorofFinance)`
	`AndrewMellows(DirectorofPhilanthropy)`

`AlmshouseManagers`	`TheTrustPartnershipLtd`
	`6TrullFarmBuildings`
	`Tetbury`
	`Gloucestershire`
	`GL88SQ`
`Auditors`	`SafferyLLP`
	`71QueenVictoriaStreet`
	`London`
	`EC4V4BE`
`Bankers`	`LloydsTSBPle`
	`70-71Cheapside`
	`London`
	`EC2V6EN`
`InvestmentAdvisors`	`Redington`
	`Floor6`
	`IAngelCourt`
	`London`
	`EC2R7HJ`
`PropertyValuers`	`KnightFrank`
	`20HanoverSquare`
	`London`
	`WIROAH`
`SecuritiesCustodian`	`RBCInvestor& TreasuryServices`
	`71QueenVictoriaStreet`
	`London`
	`EC4V4DE`
`Solicitors`	`BroadfieldLawUKLLP`
	`50Broadway`
	`Westminster`
	`London`
	`SW1HOBL`
`Surveyors`	`EpicPropertyAssetManagementLtd`
	`3BurlingtonGardens`
	`London`
	`WIS3EP`

`CourtofAssistants`	`CourtofAssistants`	`Charities`	`\|Investment`	`F&GP`
`NicholasBence-Trower`				`M`
`DavidChalk`
`WilliamCharnley`				`C`
`JaneMather`
`PhilipOgden`
`TimothyOrchard` `ThomasHarris`			`Z\|O`
`StuartShilson`
`PatrickBeddows`
`PhilipLawford`
`MoragShiach`
`TimothyPage`
`RichardHorner`
`LukeSavage`
`AndrewFord` `NeilRedcliffe` `BenedictDunhill` `JoshuaBottomley` `AdditionalCommitteeMembers(Liverymen& Freemen)` `IanBickers` `CeliaBorrie` `KatherineBurns` `FelicityConway` `PatriciaGallan` `MichaelHughes` `RobertLumley` `QuentinMarshall` `VictoriaShapiro` `GrahamTurnock` `AndrewYounger`		`=\|\|S/Z\|Z\|` `\|S`	`<\|=`	`Kl` `Ed`
`Legend:` `C`	`=Chairman`
`M`	`=Member`