**To** 


## **Trustees' Annual Report for the period** 

Period start date Period end date 01 04 2022 31 03 2023 

**From** 

## Section A                        Reference and administration details 

**Charity name Other names charity is known by Registered charity number (if any)** 527292 

Boston Grammar School Charitable Foundation 

**Charity's principal address** 28 Wide Bargate, 

Boston, Lincs **Postcode PE21 6RT** 

## **Names of the charity trustees who manage the charity** 

|1<br>2<br>3<br>4<br>5<br>6<br>7<br>8<br>9<br>10<br>11<br>12<br>13<br>14<br>15<br>16<br>17<br>18<br>19<br>20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**<br>**year **|**Name of person (or body) entitled**<br>**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Martin Griggs|||Boston Borough Council<br>(BBC)|
||Katherine Bunting|||Co-opted|
||Peter Sharman|||Co-opted|
||Robert Griffiths|||Co-opted|
||James Tryner|Vice Chairman||LCC|
||Stephanie Dickens|||LCC|
||Anton Dani|||LCC|
||Peter Lawson|||Co-opted|
||Martyn Hammond|Chairman||LCC|
||Robert Barclay|||LCC|
||John Brogden|||Co-opted|
||Alison Austin|||BBC|
||Ian Moore|||Co-opted|
||Stephen Woodliffe|||BBC|
||Sarah Fitzgerald|||BBC|
||Anne Dorrian|||Ex-officio|
||||||
||||||
||||||
||||||



**Names of the trustees for the charity, if any, (for example, any custodian trustees)** 

**Name Dates acted if not for whole year** 

**TAR** 

March **2012** 

1 



## **Names and addresses of advisers (Optional information)** 

|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|
|---|---|---|
|**Type of adviser**<br>**Name**<br>**Address**|||
||||
||||
||||
||||
|**Name of chief executive or names of senior staff members (Optional information)**|||
||||



## **Section B              Structure, governance and management** 

## **Description of the charity’s trusts** 

Type of governing document 

- (eg. trust deed, constitution) 

How the charity is constituted 

Trust 

Scheme dated 24th Nov. 2010 

- (eg. trust, association, company) 

Trustee selection methods 1 ex-officio, 9 appointed, 6 co-opted 

- (eg. appointed by, elected by) 

## **Additional governance issues (Optional information)** 

You **may choose** to include additional information, where relevant, about: 

- policies and procedures adopted for the induction and training of trustees; 

- the charity’s organisational structure and any wider network with which the charity works; 

- relationship with any related parties; 

- trustees’ consideration of major risks and the system and procedures to manage them. 

## **Section C                    Objectives and activities** 

To advance the education of pupils and former pupils of Boston Grammar School. 

**Summary of the objects of the charity set out in its governing document** 

**TAR** 

March **2012** 

2 



Awarding scholarships and prizes, giving financial assistance to needy pupils, and assisting the school with grants to enable it to advance pupils' education. The trustees have regard to the guidance issued by the Charity Commission on public benefit. 

**Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** 

## **Additional details of objectives and activities (Optional information)** 

You **may choose** to include further statements, where relevant, about: 

- policy on grantmaking; 

- policy programme related investment; 

- contribution made by volunteers. 

**TAR** 

March **2012** 

3 



Section D                      Achievements and performance 

Scholarships awarded £31,000 **Summary of the main** Music tuition contribution £1,050 **achievements of the charity** Minibus support £2,500 **during the year** School Hardship Fund £3,000 Contribution to maintenance of historic school library £4,885 Student prizes £1,117 

**TAR** 

March **2012** 

4 



## **Section E                    Financial review** 

**Brief statement of the** We aim to maintain sufficient reserves to meet our commitments and to **charity’s policy on reserves** fulfil our objectives. 

**Details of any funds materially in deficit** 

## **Further financial review details (Optional information)** 

You **may choose** to include additional information, where relevant about: 

- the charity’s principal sources of funds (including any fundraising); 

- how expenditure has supported the key objectives of the charity; 

- investment policy and objectives including any ethical investment policy adopted. 

## **Section F                     Other optional information** 

## **Section G                    Declaration** 

**The trustees declare that they have approved the trustees’ report above.** 

**Signed on behalf of the charity’s trustees** 

**Signature(s)** Frank Cammack **Full name(s)** Frank Cammack **Position (eg Secretary, Chair,** Clerk **etc) Date** 20th November 2023 

**TAR** 

March **2012** 

5 



REGISTERED CHARITY NUMBER.. 527291
BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
YEAR ENDED 31 MARCH 2023
CONTENTS
Governors Account
(including The ChorterLunds Chority occount
ond the vtsrious prizefund5J
Medlock Trust Scholarship Fund
Dora Stanley Scholarship Fund
Dora Stanley General Fund
Cross Scholarship Fund
Charles Mcmahon Scholarship Fund
Summary of all receipts and payments accounts
Statefflent of assets and liabilltles
Note5 to the receipt and payments account
9t013
Independent examlners report
14

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
RECEIPTS ANO PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
GOVERNORS ACCOUNT
Iln¢luding The Charter Lands Charlty and the various prlze fund51
2023
2022
Dividends recelved Igrossl
Interest received Igrossl
Canaccord cash account interest
received Igrossl
Wayleave
12,803.39
500.00
12,590.69
500.00
128.98
6.90
13,439.27
13.097.59
Pa
Hardship fund
Mlnibus contribution
3,000.00
2,5QO.00
1.050.90
2.000.00
1.136.36
Music tuition
Stain gla55 window
Prize giving
Letturer of Boston
Insurance
4.885.00
1,117.00
249.96
249.96
654.80
672.57
Custody fees
Charges and levie5
Clerks 531ary
Independent examiners fee
Accountancy
200.00
200.00
1,827.23
I,soo.00
420.00
follocotion)
1,500.00
360.00
504.00
lollocationj
554.00
17,976.66
6,605.12
Net Ipaymentsllreceipts fr>r the yèar
14,537.391
6,492.47
Page I

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
MEDLOCKTRUSTSCHOLARSHIP FUND
2023
2022
Recei
Dlvidend5 received Igrossl
Interest received Igrossl
20,454.03
862.50
19,958.34
862.50
21,316.53
20,820.84
ments
Scholarships
Custody fees
Bank safe custody fee
Charges and levies
Clerks salary
Accovntancy
18,000.00
I1,7￿.00
so.00
25.00
25.00
{ollocotion)
(tsllocotionj
1,750.00
1,406.00
1,750.00
1,278.00
21,181.00
14,803.00
Net receipts for the year
135.53
6,017.84
Page 2

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
RECEIPTS ANO PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
DORA STANLEY SCHOLARSHIP FUND
2023
2022
Recei
Dividends received (gros51
Interest received Igr0551
Canaccord cash account interest
received Igrossl
8,836.36
1,431.60
8,937.72
1,383.49
123.59
10.391.55
10.321.21
Pa
ments
Scholarships
Custody fee5
Charges and levies
Clerks salary
Accountancy
12,orKI.oo
11,700.00
50.
3,012.12
1,250.00
1.333.00
(olloct7tion?
(tsllocationj
1,250.00
1,212.00
17.595.12
14,212.00
Net Ipaymentsl for the year
17,203.571
13,890.791
Page 3

B05TON GRAMMAR SCHOOL CHARITABLE FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
DORA STANLEY GENERAL FUND
2023
2022
Rec
Divldends received (gross)
Interest received Igr0551
Canaccord cash account interest
received Igrossl
5075.84
5.303.54
13.85
635.48
206.01
5,917.33
5,317.39
ments
Charges and levie5
1,177.27
1.177.27
Net receipts for the year
4,740.06
5,317.39
Page 4

BOSTON GRAMMAR SCHOOL CHARifA8LE FOUNOATION
RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
CROSS SCHOLARSHIP TRUST
2023
2022
Recei
Oividends received18rossl
Interest reeeived Igrossl
Canaccord cash account interest
received Igrossl
5.636.85
312.50
5.973.20
312.50
6.29
5,955.64
6.285.70
ments
Scholarships
Custody fees
Charge5 and levies
Clerks salary (ollocationj
Accountancy lollocationj
50.00
1,037.54
5fKI.I
500.00
667.00
606.00
2.204.54
1,156.00
Net re¢eipt5 for the year
3,751.10
5,129.70
Page 5

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
RECEIPTS AND PAYMENT5 ACCOUNTS
YEAR ENDED 31 MARCH 2023
CHARLES MCMAHON SCHOLARSHIP FUND
2023
2022
Recei
Donations received
3,200.00
3.200.00
ments
Scholarships
I,ocxJ.c
I,000.¢
Net Ipaymentsllreceipts
for the year
3.200.CKJ
11,000.001
Page 6

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
SUMMARY OF ALL RECEIPTS AND PAYMENTS ACCOUNTS
2023
2022
Recei
Governors Account
13,439.27
13,097.59
(including The Churter Londs Chorlty
t7c¢ount tsnd the various prizefvndsj
Medlock Trust Scholarship Fund
Dora Stanley Scholarship Fund
Dora Stanley General Fund
Cro55 scholarship Fund
Charles Mcmahon Scholarship Fund
21,316.53
10,391.55
5,917.33
5,955.64
20.820.84
10,321.21
5.317.39
6,285.70
3,200.00
Total recelpts
57,020.32
59,042.73
Pa
ments..
Governors Account
17.976.66
6,605.12
(including The ChorterLand5 Chority
tJc¢ount and the vurious prizefunds)
Medlock Trust Scholarship Fund
Dora Stanley Scholarship Fund
Dora Stanley General Fvnd
Cross Scholarshlp Fund
Charles Mcmahon Scholarship Fund
21,181.00
17.595.12
1,177.27
2,204.54
I,ryx).00
14,803.00
14,212.00
1.156.00
Total payments
61,134.59
36,776.12
Nèt Ipaymentsllrecelpts for ihe year
14.114.271
22.266.61
For overall reconciliation of movèment of funds sèe note 5.
Page 7

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
STATEMENT OF A5SEST AND UA8ILITIES
AS AT 31 MARCH 2023
2023
2022
A55ets'.
Investments..
Investments at tost
NB - some Adedlock ossets were donated so hove no cost
note I
1.013,959.00
951.514.00
Cosh inv
Canaccord Income account
note 2
7.220.52
40,132.48
5,107.89
4,185.02
Canaccord Capital account
note 2
1,061,312.00
960,806.91
anka
unts..
NatWest- curTent account
100.00
loo.
NatWest- business reserve account
Natwest-current account-medlock Scholarship Fund
153,432.61
30,462.51
152,238.16
30,894.62
183,995.12
183,232.78
NET ASSETS
1,245,307.12
1,144,039.69
Note- in oddition to the obove. the chority ulso holds lund includiftg the librory, the yord ond surrounding bulldings
which ore occupied by the school.
Rèpresented by:
Funds..
Permanent endowment funds
Restricted funds
note 2
300,919.25
692,352.43
252,035.44
224,323.92
659,313.03
260.402.74
note 2
Unrestricted fund5
note 2
TOTAL FUNDS
1,245,307.12
1,144.039.69
These receipts and payments accounts have been approved by the Trustee5 on Ilth July 2023 and signed on thelr behalf by..
mmond - trustee
J RTh Tryner- trustee
Page 8

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
2023
2022
I Investments:
Investments at cost
13
NB- some Medlock ossets were dont7tedso have no cost ond ure not included in the above totol.
2022
Market value of investments
1 273 926.6
1439 193.15
Cost at
Additlons
Dis
osals
Cost at
Valuatlon at
Valuation at
oi
In the
In the
31
03
202
31
03
31
03
2022
Governors Account
223,514.09
in above
144,425.00
181,213.001
286,726.09
in above
341,227.80
392,900.56
in above
The Chorter Londs Chority ottount
Various prize funds (note 31
Medlock Trust Scholarship Fund
Medlock Trust Scholarship Fund-
donated investments
in above
6,042.91
208.659.00
6,042.91
208.659.tsJ
in above
in above
251.142.41
266,293.29
157,270.00
267.237.56
112,333.73
144,715.10
178,180.00
299,239.02
145.776.57
156,803.71
Dora Stanley Scholarship Fun¢J
Dora Stanley General Fund
Cross Scholarship Fund
240.829.00
140,000.00
132.469.00
172.120.00
115.499.00
46,359.00
1153,209.(X)I
1140.000.(M)I
141.536.001
259.740.¢X)
115,499.
137.292.LXI
951,514.00
478,403.00
1415,958.(K)
1,013,959.(X)
1,273,926.60
1.439.193.15
Pa8e 9

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
2 Funds:
Unrestricted gentral funds- are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Designated funds- are funds set aside by trustees out of unrestricted funds for specific future Pufposes or projects.
Restrirted funds- are lunds that can only be used for particular restricted purposes within the object5 of the charity-
Restrictions arise when specified by the donor or when funds are raised for particular restricted purpose5.
Fu
balances:
Investments
lat costl
Cash held at
Canactord
Bank
account
Totzl as at
3110312023
Total a5 at
3110312022
Governors Account
286,726.09
14,193.16
22.124.52
323.043.77
249,954.72
(including The Chorter Lands chority)
Prize funds lin totall (note 31
Medlock Trust kholarship Fund
Dora Stanley Scholarship Fund
Dora Stanley General Fund
Cross Scholarship Fund
Charles Mcmahon Scholarship Fund
6.042.91
208,659.(N)
259,740.00
115,499.00
137,292.00
3,646.87
30,462.51
11,339.96
95.407.42
18.813.84
2,200.00
9,689.78
243,286.31
279.817.47
230.059.92
157.209.87
2,2￿.00
9,838.78
243,150.78
256.202.07
234.771.94
146,921.40
3,2W.00
4.164.80
8,737.51
19,153.50
1.104.03
Total funds:
1,013.959.00
47.353.IX)
183,995.12
1,245,307.12
1,144,039.69
Page 10

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
2 Funds:
Continued
nd balances..
Permanent
endowment
Restrictèd
funds
Unrestrirted
funds
Total as at
3110312023
Total as at
3110312022
Governors Account
(including The Churter lunds chorityj
Prize funds lin totall (note 31
Medlock Trust scholarship Fund
Dora Stanley kholarshlp Fund
Dora Stanley General Fund
Cr055 Scholarship Fund
Charles Mcmahon Scholarship Fund
300,919.25
22.124.52
323.043.77
249,954.72
9,689.78
243,286.31
279.817.47
9,689.78
243,286.31
279.817.47
230,059.92
157,209.87
2,200.00
9,838.78
243,150.78
256,202.07
234.771.94
146,921.40
3.200.
230.059.92
157,209.87
2,200.00
Total funds:
300,919.25
692,203.43
252,184.44
1.245,307.12
1.144,039.69
Medlock Trust Scholarship Fund- this fund provides funds for student scholarships.
Dora Stanley Scholarship Fund this fund provides funds for student scholarship5.
Cross Scholarship Fund this fund provides funds for Student scholarships.
Charles Mcmahon Scholarship Fund- this fund provides fund5 for student scholarships.
The Governors Account includes an element of permanent endowment which was used to establish the charity. The element of permanent endowment Is included behind the
investments held by the charity.
The various prize funds were set tjp in order to Pfovide annual prizes for student meeting the appropriate priie fund Crlteria la spllt of the prize funds in shown in note 31.
Page 11

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
3 Pri2e funds:
The various prize fund balances are as follows:
Investment5
at cost
3110312023
8ank
account
3110312023
Investment5
at cost
3110312022
Bank
account
3110312022
The Ushers Charity
The Frank Harrison Hill Exhibition
The William Scorer prize fund
The Arthur Hill Memorial prize fund
The Harm5tone prize fund
The Lockwood Memorial prlze fund
The Parkin50n prize for modern languages
The Cyril Leslie Farrow ¢riEket prize lund
The George Bagley Fund
The Gratton Mathemètlcs prize fund
The A5hberry prize fund
899.89
899.89
660.00
458.12
660.
508.12
88.52
88.52
239.97
178.77
239.97
178.77
909.31
909.31
44.45
44.45
186.63
289.45
186.63
289.45
256.42
359.93
256.42
383.93
3.800.00
1,197.50
13.10
3.8CX).00
1,272.50
13.10
107.72
107.72
6.042.91
3,646.87
6,042.91
3,795.87
The various prize funds have been set up over a number of years and prizes are awarded annually as appropriate based on
the criteria for each separate prize fund.
During the year payments were made for prizes relating to the 2020 and 2021 prize giving.
The 2020 prize giving payment5 were from the Farrow fund IE121 and the Bagley fund1£751.
The 2021 prize giving payments were Irom the Hill fvnd1£501 and the Farrow fund IE121.
4 Change of Fund namè:
During the year at a meeting of the Trustees it wa5 confirmed that the name of the fund formerly known as the Durham
Castle Scholarship Fund be changed to Cross Scholarship FLtnd.
Page 12

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
5 Reconciliation of m
ement of fund
2023
2022
Movement ot funds..
Total Fund5 a5 at 31 March 2023
Total Funds as at l April 2022
Increase in funds
1,245,307.12
1.144,039.69
101.267.43
1,144.039.69
1.121,773.08
22,266.61
Represented by..
Net Ipaymentsllreceipt5 for the year Ipage 71
Profit on the sale of Canaccord Investments Inote A below)
Rounding difference on cost of investment addition5 (note 8 belowl
14,114.271
105,381.59
o.il
22,266.61
101,267.43
22,266.61
Note A- Profit on sale of Canaccord Investments:
Gross proceeds
C05t of
ProfrtllLossl
of Investment5
sold
Investments sold
Ipage 91
on sale of
Investments
Govemor5 Atcount
Dora Stanley Scholarship Fund
Dora Stanley General Fund
Cross Scholarship Fund
158,689.99
179,198.88
135,377.63
48.073.09
521,339.59
81.213.00
153.209.00
140,000.00
41.536.00
415.958.(X)
77,476.99
25.989.88
14,622.371
6,537.09
105,381.59
Note 8- Rounding difference
The rounding difference occurs as cost of addltions of investments are shown on page 9 in round pounds.
Page 13

INDEPENDENT EXAMINERS REPORTTOTHETRUSTEESOF
BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
Indèpendent emamlner's rèport to the trustees of Boston Grammar School Charitable Foundation
I report to the charity trustees QA my examination of the accounts of 805ton Grammar School Charitable Foundation for
the yeai ended 31 March 2023 which are set out on pages I to 13.
RÈsponsibilltles and basls of report
As the charity trustees of the Trust you are responsible for thè preparatlon of the accounts In accordance wlth the
TequiTement5 of the Charities Act 2011 l*he Act'l.
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out
my examlnation I have followed all applicable Dlrections given by the Charity Commission under section 14515llbl of the
Act.
Independent examiner's statement
I have Completed my examination. I confirm that no material matters have come to my attention in connection with the
examination giving rne cause to believe that in any material respect..
accounting records were not kept in respect of the Trust 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 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.
Mr5 N Lenton FCCA
Dexter & Sharpe
Chartered Certified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE216NA
Dated..
Page 14

REGISTERED CHARITY NUMBER.. 527291
BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
YEAR ENDED 31 MARCH 2023
CONTENTS
Governors Account
(including The ChorterLunds Chority occount
ond the vtsrious prizefund5J
Medlock Trust Scholarship Fund
Dora Stanley Scholarship Fund
Dora Stanley General Fund
Cross Scholarship Fund
Charles Mcmahon Scholarship Fund
Summary of all receipts and payments accounts
Statefflent of assets and liabilltles
Note5 to the receipt and payments account
9t013
Independent examlners report
14

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
RECEIPTS ANO PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
GOVERNORS ACCOUNT
Iln¢luding The Charter Lands Charlty and the various prlze fund51
2023
2022
Dividends recelved Igrossl
Interest received Igrossl
Canaccord cash account interest
received Igrossl
Wayleave
12,803.39
500.00
12,590.69
500.00
128.98
6.90
13,439.27
13.097.59
Pa
Hardship fund
Mlnibus contribution
3,000.00
2,5QO.00
1.050.90
2.000.00
1.136.36
Music tuition
Stain gla55 window
Prize giving
Letturer of Boston
Insurance
4.885.00
1,117.00
249.96
249.96
654.80
672.57
Custody fees
Charges and levie5
Clerks 531ary
Independent examiners fee
Accountancy
200.00
200.00
1,827.23
I,soo.00
420.00
follocotion)
1,500.00
360.00
504.00
lollocationj
554.00
17,976.66
6,605.12
Net Ipaymentsllreceipts fr>r the yèar
14,537.391
6,492.47
Page I

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
MEDLOCKTRUSTSCHOLARSHIP FUND
2023
2022
Recei
Dlvidend5 received Igrossl
Interest received Igrossl
20,454.03
862.50
19,958.34
862.50
21,316.53
20,820.84
ments
Scholarships
Custody fees
Bank safe custody fee
Charges and levies
Clerks salary
Accovntancy
18,000.00
I1,7￿.00
so.00
25.00
25.00
{ollocotion)
(tsllocotionj
1,750.00
1,406.00
1,750.00
1,278.00
21,181.00
14,803.00
Net receipts for the year
135.53
6,017.84
Page 2

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
RECEIPTS ANO PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
DORA STANLEY SCHOLARSHIP FUND
2023
2022
Recei
Dividends received (gros51
Interest received Igr0551
Canaccord cash account interest
received Igrossl
8,836.36
1,431.60
8,937.72
1,383.49
123.59
10.391.55
10.321.21
Pa
ments
Scholarships
Custody fee5
Charges and levies
Clerks salary
Accountancy
12,orKI.oo
11,700.00
50.
3,012.12
1,250.00
1.333.00
(olloct7tion?
(tsllocationj
1,250.00
1,212.00
17.595.12
14,212.00
Net Ipaymentsl for the year
17,203.571
13,890.791
Page 3

B05TON GRAMMAR SCHOOL CHARITABLE FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
DORA STANLEY GENERAL FUND
2023
2022
Rec
Divldends received (gross)
Interest received Igr0551
Canaccord cash account interest
received Igrossl
5075.84
5.303.54
13.85
635.48
206.01
5,917.33
5,317.39
ments
Charges and levie5
1,177.27
1.177.27
Net receipts for the year
4,740.06
5,317.39
Page 4

BOSTON GRAMMAR SCHOOL CHARifA8LE FOUNOATION
RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
CROSS SCHOLARSHIP TRUST
2023
2022
Recei
Oividends received18rossl
Interest reeeived Igrossl
Canaccord cash account interest
received Igrossl
5.636.85
312.50
5.973.20
312.50
6.29
5,955.64
6.285.70
ments
Scholarships
Custody fees
Charge5 and levies
Clerks salary (ollocationj
Accountancy lollocationj
50.00
1,037.54
5fKI.I
500.00
667.00
606.00
2.204.54
1,156.00
Net re¢eipt5 for the year
3,751.10
5,129.70
Page 5

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
RECEIPTS AND PAYMENT5 ACCOUNTS
YEAR ENDED 31 MARCH 2023
CHARLES MCMAHON SCHOLARSHIP FUND
2023
2022
Recei
Donations received
3,200.00
3.200.00
ments
Scholarships
I,ocxJ.c
I,000.¢
Net Ipaymentsllreceipts
for the year
3.200.CKJ
11,000.001
Page 6

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
SUMMARY OF ALL RECEIPTS AND PAYMENTS ACCOUNTS
2023
2022
Recei
Governors Account
13,439.27
13,097.59
(including The Churter Londs Chorlty
t7c¢ount tsnd the various prizefvndsj
Medlock Trust Scholarship Fund
Dora Stanley Scholarship Fund
Dora Stanley General Fund
Cro55 scholarship Fund
Charles Mcmahon Scholarship Fund
21,316.53
10,391.55
5,917.33
5,955.64
20.820.84
10,321.21
5.317.39
6,285.70
3,200.00
Total recelpts
57,020.32
59,042.73
Pa
ments..
Governors Account
17.976.66
6,605.12
(including The ChorterLand5 Chority
tJc¢ount and the vurious prizefunds)
Medlock Trust Scholarship Fund
Dora Stanley Scholarship Fund
Dora Stanley General Fvnd
Cross Scholarshlp Fund
Charles Mcmahon Scholarship Fund
21,181.00
17.595.12
1,177.27
2,204.54
I,ryx).00
14,803.00
14,212.00
1.156.00
Total payments
61,134.59
36,776.12
Nèt Ipaymentsllrecelpts for ihe year
14.114.271
22.266.61
For overall reconciliation of movèment of funds sèe note 5.
Page 7

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
STATEMENT OF A5SEST AND UA8ILITIES
AS AT 31 MARCH 2023
2023
2022
A55ets'.
Investments..
Investments at tost
NB - some Adedlock ossets were donated so hove no cost
note I
1.013,959.00
951.514.00
Cosh inv
Canaccord Income account
note 2
7.220.52
40,132.48
5,107.89
4,185.02
Canaccord Capital account
note 2
1,061,312.00
960,806.91
anka
unts..
NatWest- curTent account
100.00
loo.
NatWest- business reserve account
Natwest-current account-medlock Scholarship Fund
153,432.61
30,462.51
152,238.16
30,894.62
183,995.12
183,232.78
NET ASSETS
1,245,307.12
1,144,039.69
Note- in oddition to the obove. the chority ulso holds lund includiftg the librory, the yord ond surrounding bulldings
which ore occupied by the school.
Rèpresented by:
Funds..
Permanent endowment funds
Restricted funds
note 2
300,919.25
692,352.43
252,035.44
224,323.92
659,313.03
260.402.74
note 2
Unrestricted fund5
note 2
TOTAL FUNDS
1,245,307.12
1,144.039.69
These receipts and payments accounts have been approved by the Trustee5 on Ilth July 2023 and signed on thelr behalf by..
mmond - trustee
J RTh Tryner- trustee
Page 8

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
2023
2022
I Investments:
Investments at cost
13
NB- some Medlock ossets were dont7tedso have no cost ond ure not included in the above totol.
2022
Market value of investments
1 273 926.6
1439 193.15
Cost at
Additlons
Dis
osals
Cost at
Valuatlon at
Valuation at
oi
In the
In the
31
03
202
31
03
31
03
2022
Governors Account
223,514.09
in above
144,425.00
181,213.001
286,726.09
in above
341,227.80
392,900.56
in above
The Chorter Londs Chority ottount
Various prize funds (note 31
Medlock Trust Scholarship Fund
Medlock Trust Scholarship Fund-
donated investments
in above
6,042.91
208.659.00
6,042.91
208.659.tsJ
in above
in above
251.142.41
266,293.29
157,270.00
267.237.56
112,333.73
144,715.10
178,180.00
299,239.02
145.776.57
156,803.71
Dora Stanley Scholarship Fun¢J
Dora Stanley General Fund
Cross Scholarship Fund
240.829.00
140,000.00
132.469.00
172.120.00
115.499.00
46,359.00
1153,209.(X)I
1140.000.(M)I
141.536.001
259.740.¢X)
115,499.
137.292.LXI
951,514.00
478,403.00
1415,958.(K)
1,013,959.(X)
1,273,926.60
1.439.193.15
Pa8e 9

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
2 Funds:
Unrestricted gentral funds- are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Designated funds- are funds set aside by trustees out of unrestricted funds for specific future Pufposes or projects.
Restrirted funds- are lunds that can only be used for particular restricted purposes within the object5 of the charity-
Restrictions arise when specified by the donor or when funds are raised for particular restricted purpose5.
Fu
balances:
Investments
lat costl
Cash held at
Canactord
Bank
account
Totzl as at
3110312023
Total a5 at
3110312022
Governors Account
286,726.09
14,193.16
22.124.52
323.043.77
249,954.72
(including The Chorter Lands chority)
Prize funds lin totall (note 31
Medlock Trust kholarship Fund
Dora Stanley Scholarship Fund
Dora Stanley General Fund
Cross Scholarship Fund
Charles Mcmahon Scholarship Fund
6.042.91
208,659.(N)
259,740.00
115,499.00
137,292.00
3,646.87
30,462.51
11,339.96
95.407.42
18.813.84
2,200.00
9,689.78
243,286.31
279.817.47
230.059.92
157.209.87
2,2￿.00
9,838.78
243,150.78
256.202.07
234.771.94
146,921.40
3,2W.00
4.164.80
8,737.51
19,153.50
1.104.03
Total funds:
1,013.959.00
47.353.IX)
183,995.12
1,245,307.12
1,144,039.69
Page 10

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
2 Funds:
Continued
nd balances..
Permanent
endowment
Restrictèd
funds
Unrestrirted
funds
Total as at
3110312023
Total as at
3110312022
Governors Account
(including The Churter lunds chorityj
Prize funds lin totall (note 31
Medlock Trust scholarship Fund
Dora Stanley kholarshlp Fund
Dora Stanley General Fund
Cr055 Scholarship Fund
Charles Mcmahon Scholarship Fund
300,919.25
22.124.52
323.043.77
249,954.72
9,689.78
243,286.31
279.817.47
9,689.78
243,286.31
279.817.47
230,059.92
157,209.87
2,200.00
9,838.78
243,150.78
256,202.07
234.771.94
146,921.40
3.200.
230.059.92
157,209.87
2,200.00
Total funds:
300,919.25
692,203.43
252,184.44
1.245,307.12
1.144,039.69
Medlock Trust Scholarship Fund- this fund provides funds for student scholarships.
Dora Stanley Scholarship Fund this fund provides funds for student scholarship5.
Cross Scholarship Fund this fund provides funds for Student scholarships.
Charles Mcmahon Scholarship Fund- this fund provides fund5 for student scholarships.
The Governors Account includes an element of permanent endowment which was used to establish the charity. The element of permanent endowment Is included behind the
investments held by the charity.
The various prize funds were set tjp in order to Pfovide annual prizes for student meeting the appropriate priie fund Crlteria la spllt of the prize funds in shown in note 31.
Page 11

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
3 Pri2e funds:
The various prize fund balances are as follows:
Investment5
at cost
3110312023
8ank
account
3110312023
Investment5
at cost
3110312022
Bank
account
3110312022
The Ushers Charity
The Frank Harrison Hill Exhibition
The William Scorer prize fund
The Arthur Hill Memorial prize fund
The Harm5tone prize fund
The Lockwood Memorial prlze fund
The Parkin50n prize for modern languages
The Cyril Leslie Farrow ¢riEket prize lund
The George Bagley Fund
The Gratton Mathemètlcs prize fund
The A5hberry prize fund
899.89
899.89
660.00
458.12
660.
508.12
88.52
88.52
239.97
178.77
239.97
178.77
909.31
909.31
44.45
44.45
186.63
289.45
186.63
289.45
256.42
359.93
256.42
383.93
3.800.00
1,197.50
13.10
3.8CX).00
1,272.50
13.10
107.72
107.72
6.042.91
3,646.87
6,042.91
3,795.87
The various prize funds have been set up over a number of years and prizes are awarded annually as appropriate based on
the criteria for each separate prize fund.
During the year payments were made for prizes relating to the 2020 and 2021 prize giving.
The 2020 prize giving payment5 were from the Farrow fund IE121 and the Bagley fund1£751.
The 2021 prize giving payments were Irom the Hill fvnd1£501 and the Farrow fund IE121.
4 Change of Fund namè:
During the year at a meeting of the Trustees it wa5 confirmed that the name of the fund formerly known as the Durham
Castle Scholarship Fund be changed to Cross Scholarship FLtnd.
Page 12

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS
YEAR ENDED 31 MARCH 2023
5 Reconciliation of m
ement of fund
2023
2022
Movement ot funds..
Total Fund5 a5 at 31 March 2023
Total Funds as at l April 2022
Increase in funds
1,245,307.12
1.144,039.69
101.267.43
1,144.039.69
1.121,773.08
22,266.61
Represented by..
Net Ipaymentsllreceipt5 for the year Ipage 71
Profit on the sale of Canaccord Investments Inote A below)
Rounding difference on cost of investment addition5 (note 8 belowl
14,114.271
105,381.59
o.il
22,266.61
101,267.43
22,266.61
Note A- Profit on sale of Canaccord Investments:
Gross proceeds
C05t of
ProfrtllLossl
of Investment5
sold
Investments sold
Ipage 91
on sale of
Investments
Govemor5 Atcount
Dora Stanley Scholarship Fund
Dora Stanley General Fund
Cross Scholarship Fund
158,689.99
179,198.88
135,377.63
48.073.09
521,339.59
81.213.00
153.209.00
140,000.00
41.536.00
415.958.(X)
77,476.99
25.989.88
14,622.371
6,537.09
105,381.59
Note 8- Rounding difference
The rounding difference occurs as cost of addltions of investments are shown on page 9 in round pounds.
Page 13

INDEPENDENT EXAMINERS REPORTTOTHETRUSTEESOF
BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION
Indèpendent emamlner's rèport to the trustees of Boston Grammar School Charitable Foundation
I report to the charity trustees QA my examination of the accounts of 805ton Grammar School Charitable Foundation for
the yeai ended 31 March 2023 which are set out on pages I to 13.
RÈsponsibilltles and basls of report
As the charity trustees of the Trust you are responsible for thè preparatlon of the accounts In accordance wlth the
TequiTement5 of the Charities Act 2011 l*he Act'l.
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out
my examlnation I have followed all applicable Dlrections given by the Charity Commission under section 14515llbl of the
Act.
Independent examiner's statement
I have Completed my examination. I confirm that no material matters have come to my attention in connection with the
examination giving rne cause to believe that in any material respect..
accounting records were not kept in respect of the Trust 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 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.
Mr5 N Lenton FCCA
Dexter & Sharpe
Chartered Certified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE216NA
Dated..
Page 14