**To**
## **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**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15|**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**
**TAR**
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**|||
|**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**
**TAR**
2
## **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**
**TAR**
3
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**
**TAR**
4
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
N
## **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**
**TAR**
5
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
r4 M r
c c
(O
C O Ct
c 00
c o o
88 8
J ffj
s th r4
C• C4
m ¢0
(o f*
8 8 8 8
Ln
7 g) o
* o o
r4
J m
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
O %Q
o*
rfj
¢D
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
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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c o o
88 8
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8 8 8 8
Ln
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r4
J m
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
O %Q
o*
rfj
¢D
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