HODGSON'S SCHOOL FOUNDATION CHARITY NO 526850 TRUSTEE REPORT AND UNAUDITED FINANCJAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 CHARITY NAME Hodgson's School Foundation CHARITh NUMBER 526850 ADDRESS Aikton Farm Aikton Wigton CA7 OJA TRUSfEES I W Langley M Paisley M Hodgson RAGraham R H Blamire W Betts W Hewson M Todd E M Graham 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 a 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 Alkton, 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 trustees have complied with the duty in Section 4 of the Charities Art 2￿6 with regard to the guidance on public benefit published by the Charity Commission. During the year the Trust has made grants to 1512024 241 students and has provided the school with books, atlas's and trophies. A donation to Wiggonby school of £22,500 was made just after the year end. FINANCIAL REVIEW During the year the Trust had income of £54,29512024 £74,365) with overhead expenditure of £3,56212024 £4,878) and charitsble donations of £7,02212024 £28,578) giving a surplus of £43,71112024 £40,909). The grass letting income remains high and payments have been received for the period from the year end to 3tyh June 2025. The annual grass letting fees are £38,320. The bank interest is higher than last year as the trust has invested a further £30,000 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. A5 such the level of reserves 15 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 eomplied with their duty to have due regard to the 8uldance on public benefit published by the Commission in exercising their powers and duties Trustee RA GRAHAM Chairman Date 7 May 2025 INDEPENDENT EXAMINERS REPORTTOTHETRUSTEES OF HODGSON'S SCHOOL FOUNDATION Charity No 526850 I report on the Accounts for the year en(led 31 Mèrch 2025 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 sertion 144 of the Charities Act 2011 (the Charities Act) and that an independent eKamination 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 Charlty Commission (under section 14515llbl of the Charities Act, and to 5tste whether particular matters have come to my attention. My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and 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 is given a5 to whether the accounts present a 'true and fairf view and the report is limited to those matter5 set out in the statement below. In connection with my examination, no material matters have come to my attention which give5 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 records; or the accounts did not comply wlth the applicable requirements concerning the form and content of accounts set out in the Charities (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 Ststion Hill Wigton CA7 9BJ DATE 8 May 2025 HODGSON'S SCHOOL F UNDATION CHARITY NO 526850 RE EIPT AND PA MENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 GENERAL F ND 2025 2024 RE EIPT BLACKROCK CHARITIES BOND DIVIDEND COIF DIVIDEND GRASS LEThING WAYLEAVE BANK INTEREST 3343.49 8070.57 40220.CH) 218.78 2442.76 3738.60 7912.26 61338. 215.84 1160.98 54295.60 74365.68 PAYMEN CLERKS FEES TROPHY AND ENGRAVING HIRE OF HALL BUILDING INSURANCE BANK CHARGES LErriNG AGENCY FEES eoo.00 48.45 0.00 230.56 70.00 2413.60 850. 48.95 0.00 226.68 73.80 3678.48 3562.61 4877.91 50732.99 69487.77 PAYMENT TO BENEFICIARIE SCHOOL PRIZES AND BOOKS BOOKS FOR CHILDREN GRANTS TO STUDENTS WIGGONBY SCHOOL 710.00 61.75 6250.00 0.00 676.94 201.46 7700.00 7021.75 20000.00 28578.40 SURPL HE YEAR 43711.24 40909.37 SCHOOL F DATION CHARITY NO 526850 TAT NTOFA AND LIABILITI AS AT 31 MAR H 2025 2025 202 HSBC COMMUNITY ACCOUNT HSBC BUSINESS MONEY MANAGER SCOTTISH WIDOWS 3 YEAR TERM ACCOUNT SCOTTISH WIDOWS 7 DAY NOTICE ACCOUNT SKIPTON BUILDING SOCIETY INVESTMENTS AT COST 9163.8 COIF INCOME UNITS 10482.18 BLK CHARITIES UK BOND FUND 1646.11 37925.88 15000.00 9600.00 55961.50 1013.93 25808.32 I5￿0.c1) 00.00 250CQ.00 880CtJ.c(J 20CMJO.00 8WJO.00 2iX(JO.00 NET ASSET 228133.49 184422.25 RESENTED OPENING BALANCE GENEt4AL FUND SURPLUS FOR THE YEAR 132451.07 43711.24 91540.70 40909.37 CLOSING BAL4NCE GENERAL FUND 176162.31 132450.07 OPENING BALANCE RESTRICTED FUND SURPLUS FOR THE YEAR 51972.18 51972.18 CLOSING BALANCE RESTRICTED FUND 51972.18 51972.18 NET A 228134.49 184422.25 The rostricled fund is 5197 income shares in COIF. The valuation of this fund al 31 March is 101242 106189 SATVAL ATION AT 31 MARCH 2025 024 CASH BALANCES AS ABOVE 114 ACRES SCHOOL FARM WIGGONBY VALUE IESTI 14523.24 SHARES COIF INVESTMENT FUND VALUATION 62310.293 SHARES BLK CHARITIES UK BOND VALUATION DEBTOR NET GRASS LETTING INCOME LESS CREDITOR NET GRASS LEThING FEES IN ADVANCE DONATION TO WIGGONBY SCHOOL 120133 684000 282921 848 76422 684000 296747 90774 893 -7642 -225 -8112 1141712 1140724