**To**
## **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**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**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**
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**
**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**
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 £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**
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** 1st December 2024
**TAR**
March **2012**
5
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
m o
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o o o
rs
ai o
o r
(O Tt
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¢ri r
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O fft If)
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) * *t
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
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
m o
o o
o r¥
o o
o o o
rs
ai o
o r
(O Tt
CQ r4
¢ri r
o o
o o o o
m v
O fft If)
o w o
) * *t
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