QUEEN ELIZABETH'S GRAMMAR SCHOOL. ALFORD FOUNDATION ACCOUNT AND ASSOCIATED CHARITIES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 RegI￿ered Charity Number: 527603 Poge I QUEEN ELIZABETH'S GRAMMAR SCHOOL. ALFORD FOUNDATION ACCOUNT AND ASSOCIATED CHARITIES TRUSTEES AND ADVISORS TRUSTEES= Mr. S.W. Eyre- Chairperson Cllr. Mrs. S. Devereux Mr5. D. G. James Mr. D. Brown Cllr. hlLrs. J. Bradley CLERK TO THE TRVSTEES= Mr. G. Allen Messrs. Tinn Criddle & Co 6 High Slreet ALFORD Linc5 LN139DX INDEPENDENT EXAMINER- Mr. J. Cooper FCA Townends Accountants LLP Chortered Accountonls Cadisle Street GOOLE Eosl Riding of Yorkshire DN14 5DX BANKERS: Uoyds Bonk PIC 24 Mercer Row Louth Lincolnshire Poge 2 QUEEN ELIZABETH'S GRAMMAR SCHOOL FOUNDAlloN AND RELATED CHARITIES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025 THE 1988 SCHEME The Chority called Queen Elizabeth's Grammar School and the associoted chority colled the Prizes Fund are reguloled by a Scheme mode by the Charity Commission lor Englond ond Wales dated 8th November 1988 and Order5 of the Charity Commission dated 6th December 1991 and 21st February 2019. The Charity 55 a registered Charity No. 527603. THE CHARITY TRUSTEES The Chorify Trustees Ihrovghovl the yeor lo 31 st Morch 2025 were.. Nominoled TnJslees- Mrs. S. Devereux oppointed by East Lindsey District Council lor a four year term ol office from 15th November 2023- Mr.D. Brown appointed by the Lord of the Monor of Alford and Well for a four year temi ol office from 28th October 2022; and Mr. S.W. Eyre oppointed by Lincolnshire County Council lor a louryear term of office from 5th June 2021. C(Fopled Tiustees: Mr5. D.G. James lor a five year term from I sl November 2022- Cllr. Mrs. J. Bradley for o five year term from l st November 2022. THE CHARITY OBJECTS The objects ol the main School Charity ore- to perfftit designated land and bvilding5 to be Used for Ihe purposes of the School within Ihe meaning of the Educalion Reform Acl 1988 as amended,. to manoge ond let other land and buildings not required lor occupolion by Ihe School- to defroy out ol income of the School Charity the cost of maintaining the School Charity properh.es except expenses ol a kind normolly discharged from the School's Budget Share.. to opply income ol the School Charity in or towards providing for Ihe School such special benefits ol o kind not normally provided from its Bvdgel Share os the Trustees from time lo time ogree with the Govemors of the school andlor in promoting the education ol person5 under the age of 25 years who are in need of financiol as5islance and who are oltendirig or have attended Ihe School. On the 21 st Febrvary 2019, ond upon Ihe applicah.on of the Trustees, the Charity Commission ordered the governing documenl to be omended in lerms lo ollow the Trustees lo grant a le05e ol property (port Slte ol the School) comprising port ol the permonent endowmen* of the charity to o qualifying Academy proprietor for o term not exceeding 125 yeors to be held on trust for the purposes ol on Academy within the meaning of Ihe Acodemie5 Act 2010. Poge 3 QUEEN ELIZABETH'S GRAMMAR SCHOOL FOUNDATION AND RELATED CHARITIES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025 - continued FOUNDATION ACCOUNT During the year. the main School choiity's income was £36.714 renf receipts. Charges and expenses for generol odminislrotion tolaled £1.391. comprising occounling fees 01 £600. Clerks lee5 of £5CM) and insuronce costs of £291. PRIZES FUND The objects ol the Prizes Fund ore to apply income in awording prize5 lo pupils altending Ihe School in recognition ol their ocademic. arknstic. creative, moral or physical achievements. 5.2 During the yeor Ihe Trustees occounl of COIF Investments was suspended pending the completion ol regulolion and complionce Tequirements.These occounts reflect in Ihe statement of assets the values ond outstanding income due at the year end. 5.3 The cosh Ivnd5 in hand al the end ol the linoncial yeor were £3,995.72. TRUSTEES STATEMENTS The Trustees consider that the income of the moin School Charity and associated charities will continue lo be odeqvote lo deal wilh normol administration costs and fulfilment of the Charity'5 onlicipoted idenliliable objecls for the I￿e5*able fulvre. Accumulated unexperbded income reserves in respect ol the main School Charity and the Prizes Fund conlinue to equote to severol years normol expenditure on the School Choritys objects ond the Trustees consider thol o significant proportion ol these reserve5 could be mode available to appoint in or towards any speciol project5 within Ihe objects ol the School Charity Scheme without there being any maleriol effect on the ability of the Trustees to corry out their u5uoI dvlies and lunclions. 6.3 The Trustees confirm thot they have complied with thew duty to hove due regard to the Charity Commission's public benefi* guidance when exercising ony powers or dutie5 to which the guidance is relevonl MR S.W. EYRE Chairperson of the Trustees Dale: Page 4 INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF QUEEN ELIZABETH'S GRAMMAR SCHOOL. ALFORD FOR THE YEAR ENDED 31ST MARCH 2025 I report to the fruslees on my exominothon of the accounts ol the Qveen ElrLabeth's GTommor School Charity for the year ended 3151 March 2025. which ore set out on pages 5- 9. Responsibilities and basls of report As the charity trv51ees ol the Charity you ore responsible lor the preparation of the accounts in accordance with the requirements of the Charilies Act 2011 I'lhe ACVI. I report in respect ol my exomination of the Trustee's accounts carried out undei section 145 of the 2011 Act and in carying out my examination I hove followed all the applicable directions given by the Chority Commission under section 14515llbl ol the 2011 Act. Independent examinerfs stalemenl I have completed my examinalion. I confim Ihot no malerial matters have come lo my attention in connection with the examinalion giving me couse to believe Ihot in any maleriol respecl.. occounling records were not kept in re5pecl ol the Chority 05 required by seclion 130 of the oct- or the occounts do not occord with Ihose records. I have no conceins and have come across no other motters in connection wilh the exominolion to which attenlion should be drown in this report in order lo enable o propel undefstonding of the accounls to be Teached. J COOPER FCA TOWNENDS ACCOUNTANTS LLP CHARTERED ACCOUNTANTS CARLISLE STREET, GOOLE Dale: Poge 5 QUEEN ELIZABETH'S GRAMMAR SCHOOL. ALFORD PRIZES FUND RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31sr MARCH 2025 2025 2024 RECEIPTS Dividends received: 956.55 C.O.l.F. incorne units TOTAL RECEIPTS FOR THE YEAR PAYMENTS NET PAYMENTS FOR THE YEAR CASH FUNDS AT 31ST MARCH 2024 3,996 3,996 CASH FUNDS AT 31STMARCH 2025 3,996 3,996 Please see Note 5.2 on Page 3 with regords lo the Dividend Income. Poge 6 QUEEN ELIZABETH'S GRAMMAR SCHOOL. ALFORD PRIZES FUND STATEMENT OF ASSETS AN D LIABILITIES AT 31ST MARCH 2025 2025 2024 RECEIVABLE Dividend receivoble 1.174 912 CASH FUNDS AT 31 MARCH 2025 Bank current occounl 3.996 3.996 5.170 4.908 INVESTMENT ASSETS 956.55 COIF income units The morkel volve ol the income units on 31st Morch 2025. was £18.634.17 Poge 7 QUEEN ELIZABETH'S GRAMMAR SCHOOL. ALFORD FOUNDATION ACCOU NT RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 RECEIPTS Rents received Charities official investment fund- income units Woyleoves 36.714 36.714 36.714 36,714 TOTAL RECEIPTS FOR THE YEAR 36.714 36,714 PAYMENTS Accountancy Clerks Fee Insuronce 600 500 291 540 286 (1.391) 18261 Special benelits for school TOTAL PAYMENTS FOR THE YEAR (1.391) 18261 NET RECEIPTS FOR THE YEAR 35.323 35,888 CASH FUNDS AT 315TMARCH 2024 185.909 150.021 CASH FUNDS AT 31STMARCH 2025 221.232 185.909 Poge 8 QUEEN ELIZABETH'S GRAMMAR SCHOOL. ALFORD FOUNDATION ACCOUNT STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH 2025 2025 2024 CASH FUNDS AT 31ST MARCH 2024 Bank Deposit Account Cash held in client accounl by Clerk Cash owed lo Tinn Criddle 223.341 186,627 (1.609) 17181 221.732 185,909 Debtors Charities official investmenl fund - income units 11.298 7,140 233.030 193,049 LIABILITIES Accountancy fees 31103123 31103124 570 570 Clerks fee5 £5(YJ x 7 yeoTS £5(Xl x 6 yeors 3.5(Ml 3.OQK) 3.500 3,000 Sir W L Travers Educational Charity re. expenses poid on charities behalf Accountancy IYIE 311031201 486 4.556 4,056 INVESTMENT ASSETS LAND AND BUILDINGS Queen Elizobeth's Grammor School and the Heodmostels House ore occupied by and for the exclusive use ol Ihe School. The Schocl Form. Fodeslhorpe is a tenonled property generating rentol income to the School Chority. 7.48I.80 COIF INCOME UNITS he market value of the income vnils on 31st Morch 2025 wos £145,749.95 MR S.W. EYRE Dale: For and on behalf ol the Trustees Poge 9 QUEEN ELIZABETH'S GRAMMAR SCHOOL. ALFORD NOTE5 TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES The accounts have been piepored on the receipls ond payments bosis in occordance with the Statement ol Recommended Proctice.. Accounting by Charities. The occounts ore inclusive of VAT.