2025-03-31-accounts - Boston Grammar School Charitable Foundation

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Trustees' Annual Report for the period

Period start date Period end date 01 April 2024 31 March 2025

From

Section A Reference and administration details

Charity name Boston Grammar School Charitable Foundation Other names charity is known by None Registered charity number (if any) 527292 Charity's principal address 28 Wide Bargate Boston Lincolnshire Postcode PE21 6RT

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
SandeepGhosh			Boston Borough Council
Katherine Bunting			Co-opted
Peter Sharman			Co-opted
John Brogden			Co-opted
Robert Griffiths			Lincolnshire CountyCouncil
Sarah Sharpe			Boston Borough Council
Anton Dani			Lincolnshire CountyCouncil
Stephanie Dickens			Lincolnshire CountyCouncil
Peter Lawson			Co-opted
Martyn Hammond	Chairman		Lincolnshire CountyCouncil
Robert Barclay			Lincolnshire CountyCouncil
Emma Cresswell			Boston Borough Council
Ian Moore	Vice Chairman		Co-opted
Lina Savickiene			Boston Borough Council
Helen Staples		From May2024	Mayor of Boston

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

Name Dates acted if not for whole year

March 2012

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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
Legal	Chattertons Legal Services Limited	28 Wide Bargate, Boston, Lincolnshire PE21 6RT
Financial/Investment	Canaccord
Accountancy	Duncan &Toplis

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Scheme dated 24 November 2010 Type of governing document (eg. trust deed, constitution) Charitable Trust How the charity is constituted (eg. trust, association, company)

4 Trustees to be appointed by Boston Borough Council.
Trustee selection methods 5 Trustees to be appointed by Lincolnshire County Council
(eg. appointed by, elected by) 1 Trustee ex-officio – the Mayor of Boston 2- 6 Trustees nominated/co-opted by other Trustees

Maximum number of Trustees therefore 16

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;

Day to day administration of the Charity is done by Mr Frank Cammack who is the Clerk to the Charity (and a retired Solicitor).

The Trustees meet in person three times a year at roughly four monthly intervals.

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.

March 2012

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Section C Objectives and activities

The Objects of the Charity are to advance the education of pupils and former pupils of Boston Grammar School, Boston Lincolnshire.

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

In administering the Charity, the Trustees declare that they have had regard to the guidance issued by the Charity Commission on public benefit.

During the year the Charity has awarded scholarships and prizes to current and former pupils going into higher education, given financial assistance to current pupils in need through the school’s hardship fund and assisted the school with various grants to enable it to advance all aspects of pupils’ education and school experience.

Summary of the main activities undertaken for the assistance to current pupils in need through the school’s hardship fund public benefit in relation to and assisted the school with various grants to enable it to advance all these objects (include within aspects of pupils’ education and school experience. this section the statutory declaration that trustees have Most income has been spent in the current year or is ear marked for this had regard to the guidance future spending; any unspent or unallocated income has continued to be issued by the Charity accumulated to be used in making grants in future years. Commission on public benefit)

Additional details of objectives and activities (Optional information)

Policy on Grant Making

There is a comprehensive set of criteria for awarding the various scholarships awarded each year by the Charity.

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

policy on grantmaking;

Contribution made by volunteers

There are no volunteers involved with the Charity, other than the Trustees themselves.

policy programme related investment;
contribution made by volunteers.

March 2012

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Section D Achievements and performance Summary of the main Scholarships awarded £32,000.00 achievements of the charity during the year Music tuition contribution £553.75 Minibus support £3,000.00 School hardship fund £2,500.00 Repairs to library wall £894.00

Section E Financial review Brief statement of the The Charity aims to maintain sufficient reserves to meet its commitments charity’s policy on reserves and fulfil its objectives, and be ready for a larger request for funding for the school should this be received. Details of any funds materially None in deficit Further financial review details (Optional information)

March 2012

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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;

Principal sources of funds

Funds derive from a combination of the ancient charity established in the 16[th] century plus various further substantial donations to set up scholarship funds in more recent years. The sums generated have been invested in a variety of funds in the specialist charitable investment market on the advice of Canaccord.

There is no fundraising.
Policy on Investment

• investment policy and objectives including any The general investment policy is to balance generation of income to ethical investment policy enable the Charity to fulfil its objectives whilst ensuring long term adopted. maintenance of the real capital value of the investments so that the real value of the income generated by the investments keeps pace with inflation allowing the charity to continue to operate, hopefully in perpetuity.

Section F Other optional information

None

Section G Declaration

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

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Katherine Louise Bunting Position (eg Secretary, Chair, Clerk etc) Date 31.01.2026

March 2012

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REGISTERED CHARITY NUMBER.. 527292 BOSTON GILAMMAR SCHOOL CHARITABLE FOUNDATION RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

BOSTON GRAMMAR SCHOOL CHARITA8LE FOUNDATION YEAR ENDED 31 MARCH 202$ COP4TENTS Governors Account {1n¢ludtno The Churter Londs Chorlty (cour ond the vorious prizefvndsj Med10 Trusi Scholarshlp Fund Dora siènley Stholarshlp Fufid Dora Stanley General Fund Cross kholarshlp Fund Chades Mcmahort Scholor5hip Fund Summary of all recelpts and payments a¢counts Staternent of a55et5 and liabilities Notes to the feceipt and payments account 9t013 Independent examlners report 14

BOSfoN GRAMMAR SCHOOL CHARITABLE FOUNDATION RECEIPTS ANO PAYMENTS ACCOVNT5 YEAR ENDED 31 MARCH 2015 GOVERNORS ACCOUNT lincludlw The Charter Lands Ch•rlty •nd the varlous prlie funds) 2025 Z024 Recei Dividends re¢eivEd16r05s1 Intere51 recelved18rossl Canaccord cash accouTht interest received (Brossl C¥naccord- security exch3nRes 'ievenue' 14,929.64 soo.00 13.606.68 500.00 259.06 757.54 8.51 Wayleave 6.90 15695.60 14,879.63 me Hardship fund Minibu5 contrlbutlon 2.S(10.00 3,CMJO.00 553.75 i.000.00 2,5W.00 1,452.00 Music iultltsn Repairs library wall Prlze RlvinE Lecturer of Nosion 894.00 I,4.00 249.96 249.96 Insuran 752.29 678.08 Custody fees Clerks salary Independent exarnlners fee A¢tount•n¢y 200.00 202.41 {gNocotion} 1,500.00 660.00 1,51MI.QO 6.00 (ollDCOtlon? 1,098.DO 1.121.C 11,408.00 10.793.45 Net recelptsl{paymentsl for the year 4.287.60 4,086.18 Pagt I

8OSTON GPAMMAR 5¢N¢X)L CHARifA8LE FOUNDATION RECEIPTS AND PAYME•if5 ACCOUNTS YEAR ENDED 31 MARCH 2025 MEDLOCK Trusr SCHOLARSHIP FUND 2025 2QZ4 Di¥idends re¢eived18ros51 Interest recelved l£rossl Can3ccord cash account interest recelved Igrossl Exce55 reportable income- CVC Income & Growth Ltd 25.886.32 250.00 18.461.04 685.11 12.44 26.79 115.25 26,264.01 19.172.94 Pa 5cholarship5 holarship- cancelled cheque Bank safe custody fee Clerks salary Accountancy I9,5.00 16.500.00 11.500.001 25.00 25.00 {ollocotion} (ullocotionj 1,750.00 1,830.00 1,750.00 1,514.00 23,105.00 18.289.00 Net recelptsllp•ym4ntsl for the year 3.159.01 883.94 Page 2

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION RECEIPTS AND PAYMENTS ACCOUNYS YEAR ENDED 31 MARCH 2025 DORA sfANLEY SCHOLARSHIP FUND 2025 2024 Qividends received18f05s1 Interes¢ re¢eived18r05sI Intome equallsation on purchè5e of Treasury Gllt Canaccord cash account interest received (Brossl 9,017.17 1.796.21 8.300.42 1.412.00 1220.901 50.89 203.64 10.643.37 9,916.06 Scholarshlps S¢holarshlp- cancelled cheque Clerks salary Ac¢ountancv 7.5Q).00 io.soo.00 I1500.) fallocotlonl lollocotionl 1.250. 760.00 1,250.00 783.00 B,010.00 12,533.00 Net recelptsllpaymenlsl for the ye#r 2.633.37 12,616.941 Page 3

BOSTON GRAMMAR SCHOOL CHARITABLE FOUNDATION RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED 31 MARCH 2025 I)ORA STANLEY GENERALFUND 2025 2024 cei Dividends received Igrossl Interest received Igrossl Canaccord cash account interest received Igrossl 5,581.43 1,858.44 3.618.13 1,959.25 190.98 520.98 7,630.85 6,098.36 Pa ments At¢ountanty (allocaiiojv) 482. 540.00 482.(M) Net receiptsllpaymentsl for the year 7,090.85 5,616.36 Page 4

Bo¥foM GRAMMAR SCHOOL CHARITABLE FOUNDATION RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED 31 MARCH 2025 CROSS SCHOLARSHIP TRUST 2025 2024 DNidends received Igro551 Interest received18ros51 Canarcord cash account interest re¢eivEd Igrossl 5.646.96 312.50 5,442.83 312.50 18.31 17.91 5.977.77 5.773.24 Pa Scholarships Clerks salary Accounianty 6,500.00 soo. 3.500.00 lollocalionj lollocotionl 5CO.00 404.() 456.00 7404.00 4,456.00 Net reIp*s1[paYrn0nts1 for the year 11,d26.231 1.317.24 PaBe 5

BOSTON GRAMMAR SCHOOL CHAAITAMLE FOUNDATION RECEIPTS AND PAYMENTS ACCOUNT5 YEAR ENDED 31 MARCH 2025 CHARLES MCMAHON SCHOLARSHIP FUND 2015 2024 Gift Aid 800.00 Grft Aid interest 40.81 840.81 ment5 kholar5hips Seholarships- cancelled cheqvE i.000.(K> 11,ooo.001 11,000.001 I,ow.00 Net leIPts/(PaVrnQTrtSj torthe year I,000.c 1159.191 Page 6

BOSTON GRAMMAR SCHOOL CHARITABLÉ FOUNDATION RECEIPTS AND PAYMENTS ACCOUN75 YEAR ENDED 31 MARCH 20Z5 SUMMARY OF ALL AECEIPTS AND PAYMENT5ACCOVNTS 202S 2024 Governors Account 15.695.60 14,879.6 lincluding The thorterLand5 Chority uccovnt und the vurious prlzefvrtds} MedlD¢k Trust 5cholarshlp Fund Dora Stanley Scholarship Fund Dora Stanley General Fund CrD5S Schol¥r$hip Fund Charles McMahDn Scholarshlp Fund 26.264.01 10,643.37 7,630.85 5,977.77 19,172.9 9,916.0 6.098.3 5.773.2 840.8 Totsl recelpts 66,211.60 56,681.0 Governors Account 11,408.00 10,793.45 (including The Chorter Lon45 Chority occount orjd the v(Jriou5 prizefvndsl Medlock Trust kholaT5hip Fund Dora Stanley Scholarship Fun Oora Stanley General Fund Cross Scholarshlp Fund Charles M¢Mahon Scholarship Fund 23,105.00 8,010.00 540.00 7,404.00 11.000.001 18.289. 12.533.00 482.00 4,456.00 iooo.00 Total payments 49,467.00 47.553.4 Net reIpts/{Pa¥rneniSl for the year 16.744.60 9,J27.5 For overall reconcili3tlon ol m¢wernent vf fund5 see note 4. Page 7

BOSTON GRAMMAR 5CNOOL OIAlItTA8LE FOUNOATION STATEMENT OF A$5EST AND LIABILITIES AS AT31 MARCH 2025 2025 2024 Assets.. Investments at E05t N8- some Medlock ussets were éonoted sc> huvt no cost Cosh investment note I 1.137.608.00 996,549.00 Cana¢¢ord Income account note 2 5,226.75 4,663.07 1.003.21 61,481.92 Canaccord Capltal account note 2 1.147,497.82 1.059.034.13 Bank accou NatWe5t- current account loo.00 i¢Jo.00 NatWest- business reserve account 92.297.82 159.945.99 35,091.88 NatWe5t-current account-MÈdlock Sttttslarship Fund 34.816.47 127,214.29 195,137.87 NEf ASSETS 1,274,712.11 1,254,172.00 Nore- In oéditlon to the obove. the churity olso holds land iftcluding the librcry. the yord ond surrounding building5. which are occupted by the school. Ropre5ented by. Funds: Permanent endowrnent funds Restrlcted furtds UnrestrScted funds ftote 2 304.658.72 681.728.73 288,324.66 300.568.53 691.225.38 262.378.09 note 2 nDtg2 TOTAL FV14DS 1.274.712.11 1,254,172.00 These receipts and payments accounts have been approved by the Trustees on 8th July 2025 and si8ned on rheir behalf by.. M Hammond- trustee l Moore- truste Page 8

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BOSTON GRAMMAR SCHOOL CHAMIYABLÉ FOUNDATION NOTES TO THE RECEIIryS ANO PAYMENTS ACCOUNTS YEAR ENDED JI MARCH 2025 rlze fun The various prize fund balance5 are as follows.. Invèstments 8t cost 3V0312025 8ank account Investments at C05t 8ank accuunt 3110312025 3110312024 3110312024 The Ushers Charlty The Frank Harr15Dn Hill Exhlblt)on The William Scorer prlie fund The Arthur Hill Memorlal prSze fund The Harmstone prlie fund The Lockwo¢Jd Memorial prlze fund The Parkinson priie lor modern langua8e5 The Cyril Leslic FarrDW ¢rl¢ket prize fund The George Bogley Fund The Gratton Mathematics prize fund The Ashberry prize fund 299.89 600.00 299.89 .00 220.00 798.12 220.C#) 798.12 88.52 8B.S2 79.97 298.77 79.97 298,77 9D9.31 909.31 34.4S 34.45 139.93 336.15 186.63 289.45 192.26 41X).09 256.42 335.93 4,997.50 3,765.LlJ 1.232.50 107.72 107.72 932.05 8,570.63 4.807.91 4.694.77 The various priie funds have been set up over a nurnber cl years and prizes are awarded annually as appropFiate based on the crlterla for ea£h 5eparaie prlze fund. During the year no payments were maée for prize5. Inve5trnent5 at cost- these have been adjusted far c05t ol inveslments sold wilh the equivalerbt arnount being added ID the respective bank accouni. Ally incorne from Investments and profit or10s5 on investments sgld are dealt with In the Governors Account. Page 12

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INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF BOSTON GRAMMAR SCHOOL CHARifABLE FOUNDATION Indep•ndent examlner's report to the trustees ol Boston Grammar School Charftable Foundatlon I report to the charity trustees on my examination of the account5 of 805ton Grammar School Charitable Foundation for the year ended 31 March 2025 which are set out on pages I to 13. Hespon51bllltle5 and basS5 of report A5 the charity trustee5 Of the Trust you are responslble for the preparatlon of thè accounts In accordance wlth the requlrements of the Charitie5 Act 20111'the Att'l. I report In respect of my examtnatlon of the charlty's accounts carrled out under section 145 of the Act and in carrying ovt my examinatSon I have followed all applicable Directlons given by the Charity Commission under sectlon 1451511bl of the Act. Indèpendent ex•mlner'5 Statement I have completed my examination. I confirm that no materlal matters have come to my attention In connection wlth (he examlnatloll 8lving me cause to belleve that In any material respect: ccguntlnB records were not kept In respett of the Trust as requlred by section 130 of the ACL. or the accounts do not accord with those records. I have no concerns and have come a¢ros5 fbQ Other matter5 In conneciion wlth the examlnation to which attention should be drawn In this report In order to enable a proper understandong of the account5 to be rea¢hed. Mr5 N Lenton FCCA Dexter & Sharpe Chartered Certlfied Accountants The Old Vlcarage Church Close B05ton Lincolnshlre PE216NA Page 14

REGISTERED CHARITY NUMBER.. 527292 BOSTON GILAMMAR SCHOOL CHARITABLE FOUNDATION RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

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