MOULTON HARROX EDUCATIOIYAL FOUNDATION ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 21ll4 The Moulton Harrox Educational Foundation is registered with the Cbarity Commission under number 527635 and is constitLrted by the Charity Commissioners Scheme of the 30 March 1989 for th¢ r¢gulation and management of th¢ Moulton Harrox Edu>ional Foundation. The Charity is administered by a board of Truste. Th¢ Trwst¢¢s s¢rving th¢ charity for the year ended 31. March 2024 were as follows: Mr R Oldershaw Mr T H Charlton Mr R W Lewis Mr R Buck Mr A C&8son Mr B Merchant MrGCoo Mr R Gibson Mrs S Palethorp¢ Mrs R Barlow Mrs M Swallow All rents were succe&sfully collected in the current year. The Trustees regularly consider the investments of the charity and continue to believe the investment in agricultural land and rentaj houses provides the coJrect balallc£ between inc4)me and capital growth for th¢ Charity. The charity distributed its income in two manners: The fiTSt was to award specific grants to grant aided schools in the Spalding are& Schools were invited to apply for grants by way of an application forni to provide details &$ to their intended us¢ of the grant aThd to establish other factors such &8 the percentsge of pupils qualifying for pupil Do¢um¢nt Ref . 2148540915 Page l of 2 MOU(K)111
premium to establish greatest need. Applications were considered by the TnL8tees and distribution made in ac¢ordanc¢ with th¢ n¢¢d of each individu81 school. The Trustees set asid¢ a portion of income to make the awards- amounting to £38,500 for the year needed 31 March 2024 which was then split between the different applicant schools in accordance with assessed need. The second was by seeking applicants for a bursary from sixth fom] stud¢nts applying for university ¢ducatioL A bursary was offered to an individual to help fund education for the full 3 years of their degree. Applicants were invitrd to apply through th¢iT rwKctive schools / sixth forjn colleges by way of application forni and then students were selected for interview by the bursary committee. In the curren£ year two full bUrIeS of £3000 per yeaT of study were awarded and 2 smaller book grants of £500 were awarded. The TneeS paid £17,252 in bursaries the year ended 31. March 2024 - which consisted of payments to previous awarde as bursaries are awarded for each year of study, The Trustees continue to liaise with local schools and Sixth Forni colleges to identify cases of need and to change the application wlices in respect of the both schools and individuals to ensure th¢ Charity income is appropriately awarded. Signed By Clerk t the Charity 30101125 Document Ref . 2148540915 Page 2 of2 MOUIX)I/I
Moulton Harrox Educational Tt Unaudited Financial Statements for the Year Ended 31 March 2024 Salway and Wright 32 The Cres¢ent Spalding Lin¢olnshir¢ PEII IAF
Financial Stai¢merJts for the Year d¢d 2024 Aecoulltants, Re Moulton Harrox Educational Th]8t In accDrdance with instrudiQllS given to us we have prepared without carrying out an audit the antt¢x¢d financial statements fmm the COunting records of Moulton Harrox Educ&iional T1 and from inforniation and explanations Supplied to U5. s,I,UJi Salwdy and Wri 32 The Crescent Spalding Lincolnshire PEII IAF Date.. Page 2
Moulton H8tYox Educational Tnl Detailed Profil and Loss Account for the Year Ended 31 March 2024 31.324 31.3.23 Incom Bank interest Rents Wayleave Legacy 35 66,695 105 60,430 104 9,000 66,835 69,542 Kxpenditure Insurance GrAnts to individuals Grants to schools Clerks salary Stationery, and tslephone Accountsnts fees R¢pairs Repaymeni of capital Dr&inage rates Lettirbg fccs and rates 866 17252 38.500 2,000 175 520 1.208 839 471 2.018 ,588 14,332 37.500 2,000 175 1,438 839 428 2,361 63,849 61,145 NET PROFIT 2,986 ,397 Page 3
Moulton H2rrox Educational Tnj Balance Sheet l Marrh 20 31.3.24 3 1.3.23 FIXED ASSETS Land and propety 455,289 455,289 CURRENT ASSETS Bank uccount Instsnt a¢G¢s8 account Maples client ac¢ount 167.896 3230 4.389 159,091 3,194 6,710 l75,515 168.995 CURRENT LIABILITtES Trade creditors Ca$h rekined for r¢payment of capital 11.637 8,942 26,837 25,998 38,474 34.940 137.041 134,05S NET ASSETS 592J30 589,344 FIP4ANCED BY CAPITAL ACCOUNT Brought fonvard Add Net profit 589.344 580,947 2.986 .397 592.330 589.344 592.330 589,344 Page 4