2024-03-31-accounts - Boston Grammar School Charitable Foundation

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Trustees' Annual Report for the period

Period start date Period end date 01 04 2023 31 03 2024

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

Trustee name	Office (if any)	Name of person (or body) entitled to appoint trustee (ifany)
Sandeep Ghosh		Boston Borough Council (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
Emma Cresswell		BBC
Ian Moore		Co-opted
Sarah Sharpe		BBC
Lina Savickiene		BBC
David Brown		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

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 Name 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

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

Section D Achievements and performance

Scholarships awarded £30,000 Summary of the main Music tuition contribution £1,452 achievements of the charity Minibus support £2,500 during the year School Hardship Fund £1,000 Student prizes £1,490

TAR

March 2012

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 1st December 2024

TAR

March 2012

REGISTERED CHARITY NUMBER= 527292 BOSTON GAAMMAR SCHOOL CHARITABLE FOUNDATION RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION YEAR ENDED 31 MARCH 2024 CONTENTS Governor5 Account (including The Charter Land5 Chority occourjt Gnd the vorious prizÈfund5) Medlotk Trust Scholarship Fund Dora Stanley SCholahIp Fund Dora Stanley General Fund Cross Scholarship Fund Charles Mcmahon Scholarship Fund Summary ol all receipts and payments accounts Statement of assets and liabilitie5 Notes to the receipt and payments account 91013 Independent examiners port 14

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION RECEipfs AND PAYMENTS ACCOUNTS YEAR ENDED 31 MARCH 2024 GOVERNORS ACCOUNT lincludlng The Charter Lands Charity and the varlous prize funds) 2024 2023 Recei Dividends received Igrossl Interest received (gr0551 Canaccord cash account interest recèived Igrossl Canaccord- seturity exchanges 'Tevenue' 13,606.68 500.00 12,803.39 500.00 757.54 128.98 8.51 Wayleave 6.90 6.90 14,879.63 13.439.27 Pa ments Hardship fund Minibus contribution Music tuition 1,000.00 2,500.00 3.000.00 2,500.00 1,050.90 4,885.00 1.117.00 249.96 1,452.00 Stain glas5 window Prize giving Lecturer of Boston 1,490.00 249.96 Insurance 678.08 672.57 Custody fees Charges and levies Clerks salarv Independent èxaminers fee Accountancy 202.41 200.00 1,827.23 1,500.00 420.00 (ollocutionj I,soo.00 600.00 {allocution) 1.121.00 554.00 10.793.45 17,976.66 Net receiptsllpaymentsl for the year 4,086.18 14,537.391 Pa8e I

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED31 MARCH 2024 MEDLOCKTRUST5CHOLARSHIP FUND 2024 2023 Recei Dividends received Igrossl Interest received Igrossl Canaceord cash account interest received Igrossl 18.461.04 685.11 20,454.03 862.50 26.79 19.172.94 21,316.53 Pa Scholarships Scholarship cancelled cheque Bank safe custody fee Clerks salary Accountancv 16,500.00 18,000.00 11.500.001 25.00 25.00 (ulloccftion? (t711ocotionJ 1,750.00 1,514.00 1,750.00 1.406.00 18,289.00 21,L81.00 Net ieceipts for the year 883.94 135.53 Pa8e 2

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED31 MARCH 2024 DORASTANLEY SCHOLARSHIP FUND 20Z4 2023 Recei Dividends received (gross) Interest received18rossl Canaccord cash account interest received18ros51 8.300.42 1,412.00 8,836.36 1.431.60 203.64 123.59 9,916.06 10,391.55 Pa Schtslarship5 Charges and levies Clerks salarv Aecountancy 10.500.00 12.000.00 3,012.12 1.250.00 1,333.(10 (ollocotionl (GTllocotionl 1,250.00 783.00 12.533.00 17,595.12 Net payments for the year 12.616.941 17.203.571 Page 3

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED 31 MARCM Z024 DORASTANLEY GENERAL FUND 2024 2023 cei Dividends received Igros51 Interest recelved (gr0551 Canaccord cash account interest reiVed Igrossl 3,618.13 1,959.25 5075.84 635.48 520.98 206.01 6,098.36 5.917.33 ments Charges and levies Accountancy 1,177.27 (allocolion) 482.00 482.00 1,177.27 Net reolpts for the year 5,616.36 4,740.06 Page 4

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION RECEIPTS AND PAYMENTS ACCOUNT5 YEAR ENDED 31 MARCH 2024 CROSS SCHOLARSHIP TRUST 2024 2023 Recei Dividends recebved Igrossl Interest received16r0551 Canaccord cash account interest received18ro551 5,442.83 312.50 5,636.85 312.50 17.91 6.29 5,773.24 5.955.64 Pa ments Scholarships Charges and levies Clerks salary (ollocotioftl Accountancy (LTllocotionJ 3,500.00 1,037.54 500.00 500.00 456.00 667.00 4,456.00 2,204.54 Net receSpts foi the year 1,317.24 3,751.10 Page S

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION RECEIPTS AND PAYMENT5 ACCOUNTS YEAR ENDED 31 MARCH 2024 CHARLE5 MCMAHON SCHOLARSHIP FUND 2024 2023 Recei Gift Aid Gift Ald interest 800.00 40.81 840.81 Pa ments Scholarships 1,000.00 i.000.00 1,000 00 i.000.00 Net payments foi the year 1159.191 11,000.001 Page 6

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION RECEIPTS AND PAYMENT5 ACCOUNTS YEAR ENDED 31 MARCH 2024 SUMMARY OF ALL RECEIPTS AND PAYMENTS ACCOUNTS 2024 2023 Recei Governor5 Account 14.879.63 13.439.2 (including The Charter Lands Chority occount (Jnd the vtsriou5 prize fundsj Medlock Trust Scholarship Fund Dora Stanley scholarship Fund Dora Stanley General Fund Cross Scholarship Fund Charle5 Mcmahon Scholarship Fund 19,172.94 9,916.06 6.098.36 5,773.24 840.81 21,316.5- 10,391.5C 5.955.64 Total ceIptS 56.681.04 57,020.3 Pa ments.. Governor5 Account 10,793.45 17,976.66 (including The Chorter Ltsnd5 Charity occount und the vorious prizefundsj Medlock Trust Scholarship Fund Dora Stanley Scholarship Fund Dora Stanley General Fund Cross Scholarship Fund Charles Mcmahon S¢holar5hip Fund 18,289.00 12.533.00 21,181.00 17.595.12 1,177.27 2,204.54 482.00 4,456.00 iooo.00 i.oao.00 Total payment5 47.553.45 61,134.5C NÈt receiptsllpayment51 for the year 9,127.59 14.114.2i For tsverall reconciliation of movement of funds see note 4. Page 7

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION STATEMENT OF ASSEST AND LIABILITIES AS AT 31 MARCH 2024 2024 20233 Assets: Investments.. Investments at cost note I N8- sorne Medlock assets were donated 50 hove no cost Cosh investments." 996,549.CX) 1.013.959.00 Canaccord Income account note 2 1.003.21 61.481.92 7,220.52 40,132.48 Canaccord Capital account note 2 1,059,034.13 1,061,312.00 ank accovnts.. Natwest current account loo.00 loo.00 NatWest- busine55 reserve account 159,945.99 153,432.61 30,462.51 Natwest-curreni account-medlock Scholarship Fund 35,091.88 195.137.87 183.995. 12 NET A55ETS 1.254,172.00 1.245,307.12 Note- in tiddition to the above. the charity olso holds lond irtcluding the librory, the yord ond surrounding buildings, which ure occupied by the school. Represented bv: Funds.. Permanent endowment funds Restrieted funds note 2 300.568.53 691,225.38 262,378.09 3,919.25 692,352.43 252,035.44 note 2 Unrestricted funds note 2 TOTAL FUNDS 1,254,172.00 1.245.307.12 These receipts and payments accounts have been approved by the Trustees on 9th July 2024 and signed on their behalf by.. M Hammond - trustee l Moore - trus Page 8

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INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF B05TON GRAMMAR SCHOOL CHARITABLE FOUNDATION Independeni examlner's report to the trustees of Bostorb Grammar School Charltable Foundatlon I report to the charity trusiees on my examinatlon ol the accounts of Bosion Gr3rnmar School Ch3ritable Foundation for the year ended 31 March 2024 whlch are set out on pages I to 13. Responsibllities and basis ol report As the charity trustee5 of the Trust you are responsible for the preparation Df the accounts In accordance wlth the requirement5 of the Charities Act 20111'the Act'l. I report in respect of my examlnatlon of the charlty's 3ccount5 carried out under section L45 of the Act and in carrying out my examination I have followed all applicable Directlons Elven by rhe Charity Commi55ion under section 14515llbl of the Independent examlnei's Statement I hève completed my examination. I confirm that no mater131 matters hève come to rny attention In connection with the examination giving me cause to believe that in èny material respect.. ccounting record5 were not kept respect of the Trust as required by sectlon 130 of the Att.. or the accounts do not accord with those records. I have no concerns and have corne across no other matters in connection with the examination to which attention should be drawn in this report In order to enable z proper under5tandlnE of rhe accounts to be reached. Mrs N Lenton FCCA Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church C105e Boston PE216NA Dated.. ll..1....?L>1 Page 14

REGISTERED CHARITY NUMBER= 527292 BOSTON GAAMMAR SCHOOL CHARITABLE FOUNDATION RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

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