HODGSON'S SCHOOL FOiTNDATION CHARITY NO 526850 TRUSTEE REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEARENDED 31 MARCH 2024 TRUSTEES ANNUAL REPORT FOR THEYEAR ENDED 31 MARCH 2024 CHARITY NAME Hodgson's School Foundation CHARrrY NUMBER 526850 ADDRES5 Aikton Farm Aikton Wigton CA7 OJA TRUSTEES I W Langley M Paisley M Hodg50n R A Graham R H Blamire W Betts W Hewson RevT Boddam-whetham resigned 2023 S Young resigned 2023 M Todd E M Graham appointed June 2023 Chairman STRUCTURE, GOVERNANCE AND MANAGEMENT The governing instrument is a trust deed dated October 1792 as varied by a Scheme dated 13 June 1967 and by Scheme dated 9 November 1990. The Objects of the Trust are l. Providing such special benefit of any kind not provided by the LEA for Wiggonby School promoting the education of the children attending the school. 2. Promoting the education of persons under 25 years of age resident in the Parishes of Aikton. Burgh by Sands and Beaumont or any former pupils of Wiggonby School. The main activities undertaken are the rental for grass letting of a farm and the investment of funds. The trustee5 have complied with the duty in Section 4 of the Charitles Act 2006 with regard to the guidance on public benefit published by the Charity Commission. During the year the Trust has given a grant of £20.000 to Wiggonby School, made grants to 2412023 191 students and has provided the school with books, bibles and trophies. FINANCIAL REVIEW During the year the Trust had income of £74,36512023 £26,204) with overhead expenditure of £4.87812023 £1.9731 ond charitable donations of £28,57812023 £25,415) giving a surplus of £40,90912023 deficit of £1.1841. The gra55 letting income is substsntially higher than last yeor as it includes the amounts owing at the end of the previous year and also payments in advance for the period from the year end to 30, June 2024. The annual grass letting fees are £38,320. The bank interest is higher than last yèar and the trust has invested £25,000 with the Skipton Building Society. The Trust aims to invest its funds to produce an income that will cover the expected grants to be paid. As such the level of reserves is Sufficient to produce that income. The funds are invested in low risk investments. Expenses were paid to the Clerk but no trustees received any payments. The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Commission in exercising their powers and duties Trustee RA GRAHAM Chairman Date 20 May 2024 NDEPENDENT EXAMINERS REPORTTOTHETRUSTEES OF HODGSON'S SCHOOL FOUNDATION Charity No 526850 I reporton the Accounts for the year ended 31 March 2024 as set out on pages 3 to 4. The charity's trustees are responsible for the preparation of the accounts. The charivs trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under sertion 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 14515llbl of the Charities Act, and to state whether particular matters have come to my attention. My examination was carried out in accordance with general Directions glven by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of anv unusual items or disclosures in the accounts, and seeking explanations from the 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 15 given as to whether the accounts present a true and fairf view and the report is limited to those matters set out in the statement below. In connection with my examination, no material matters have come to my attention which gives me cause to believe that in. any material respect,. the accounting records were not kept in accordance with section 130 of the Charities Act- or the accounts did not accord with the accounting record5: or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I 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. David Moffatt ACA Windy Ridge station Hill Wigton CA7 9BJ DATE 21 May 2024 HODGSON'S S HOOL FOUNDATION CHARITY NO 526850 RE EIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 ENERAL FUND 2024 2023 RECEIPTS BLACKROCK CHARITIES BOND DIVIDEND COIF DIVIDEND GRASS LETTING WAYLEAVE BANK INTEREST 3738.60 7912.26 61338.00 215.84 1160.98 3738.60 7912.26 14166.00 215.84 172.10 14Tr 74365.68 26204.80 PAYMENTS CLERKS FEES TROPHY AND ENGRAVING HIRE OF HALL BUILDING INSURANCE BANK CHARGES LErriNG AGENCY FEES 850.00 48.95 0.00 226.68 73.80 3678.48 750.00 37.68 35.00 227.43 73.30 850.00 4877.91 1973.41 69487.77 24231.39 PAYMENTS T BENEFICIARIES SCHOOL PRIZES AND BOOKS BIBLES FOR CHILDREN GRANTS TO STUDENTS WIGGONBY SCHOOL 676.94 201.46 7700.00 20000.00 576.00 63.84 5775.00 28578.40 19000.00 25414.84 SURPL S I DEFicrr FOR THE YEAR 409J9.37 -1183.45 HODGSON'S SCHOOL FOUNDATION CHARITY NO 526850 TEMENT OF A ET AND LIABILITIES AS AT 31 MARCH 2024 2024 2023 HSBC COMMUNITY ACCOUNT HSBC BUSINESS MONEY MANAGER SCOTTISH WIDOWS 3 YEAR TERM ACCOUNT SCOThISH WIDOWS 7 DAY NOTICE ACCOUNT SKIPTON BUILDING SOCIETY INVESTMENTS AT COST 9163.8 COIF INCOME UNITS 10482.18 BLK CHARITIES UK BOND FUND 1013.93 25808.32 15000.00 9600.00 25000.00 70.03 10842.85 15000.00 9600.00 0.00 88000. 20000.CK) 88DJO.QM) 20000.00 NET ASSET 184422.25 143512.88 EPRESENTED B OPENING BALANCE GENERAL FUND SURPLUS I DEFICIT FOR THE YEAR 91540.70 40909.37 92724.15 -1183.45 CLOSING BALANCE GENERAL FUND 132450.07 91540.70 OPENING BALANCE RESTRICTED FUND SURPLUS FOR THE YEAR 51972.18 0.00 51972.18 0.00 CLOSING BALANCE RESTRICTED FUND 51972.18 51972.18 NET ASSETS 184422.25 143512.88 The restricted fund is 5197 income shargs in COIF. The valuation of this fund al 31 March is 106189 97235 TOTAL NET AS ETS AT VAL ATION AT 31 MARCH 2024 2023 CASH BALANCES AS ABOVE 114 ACRES SCHOOL FARM WIGGONBY VALUE IEST) 14523.24 SHARES COIF INVESTMENT FUND VALUATION 62310.293 SHARES BLK CHARITIES UK BOND VALUATION DEBTOR NET GRASS LErriNG INCOME LESS CREDITOR NET GRASS LEThING FEES IN ADVANCE 76422 684000 296747 90774 893 35513 684000 271783 103285 16543 4112 1140724 1111124