MOULTON HARROX EDUCATIONAL FOUNDATION ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2025 The Moulton Harrox Educaiional Foundation is regisiered with the Charity Commission under number 527635 and is constituied by the Charity Commissioners Scheme of the 30 March 1989 for the regulation and management of the Moulion Harrox Educational Foundation. The Charity is administered by a board of Trustees. The Trustees serving the charity for the year ended 31, March 2025 were as follows: Mr R Oldershaw Mr T H Charlton Mr R W Lewls Mr R Buck Mr A Casson Mr B Merchant Mr G Coop¢T Mr R Gibson Mrs S Palethorpe Mrs R Barlow All rents were successfully collecied in the current year. The Trustees regularly consider the inv¢sthients of the chariiy and continue lo believe the investment in agricultural land and renlal houses provides the correct balance between income and capital groHrth for the charity. The charity distributed its income in two manners: The first was to award specific grants to grant aided schools in the Spalding area. Schools were invited to apply for grdnis by way of an application fonn to provide details as io iheir intended use of the grant and to esthblish other factors such &s the percentage of pupils qualifying for
pupil premium to establish greatest need. Applications were considered by ihe Truslees and distribution made in accordance with the need ofeach individual school. The Trustees sel aside a portion of income lo make the awards- amounting io £i8:000 for the year needed 31, March 2025 which was then split between the different applicani schools in accordance with assessed need. The second was by seeking applicants for a bursary from sixth forn] students applying for university education. A bursary was offered to an individual to help fund education for the full 3 years of their degree. Applicants were invited to apply through their respective schools / sixih forn] colleges by way of applicalion lorm and then stud¢nls were selected for interview by the bursary committee. In ihe currenl year one full bursary of£3000 w year of sludy was awarded and 3 smaller bursaries of £1.500 were awarded. The Truslees paid £19,500 in bursaries ihe year ended 31, March 2025 which included payments to previous awardees 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 applicalion FK)lices in respeci of the both schools and individuals to ensure the Charity income is appropriately awarded. Signed By o the Charity 27/01126
Moulion Harrox Educaiional Ttusi Unaudiied Financial Siatements for ihe Year Ended 31 March 2025 SaI%V and Wright 32 The Cre5ceni Spaldin" Lincoln5hir¢ PEII IAF
Financial Stat¢meTris for the Year Ended 31 Imarch 2025 AcconIan(S, Re rt EO Moulton Harrox Ed caiional T st In 2ccordanee with instructions (piven io us have prepar M'iihoui ¢aTrvino otji an audit lh¢ annexed financial staiements from the accountino records of Moulion Harrox Educational Trusl and from infoTmaiion and explanaiions supplied to us. Salivay and Wright i2 The Crescent 5palding Lincolnshire PEI I IAF Date.. Lo3r Page 2
Moulton Harrox Educational Trusi Deiailed Profil and Loss AccOnI for the Year Ended 31 imarch 2025 Ineomt Bank interest Renis Wayleave Pipeline survey fee Ardeni innovaiion 35 67.641 35 66.695 105 750 500 68.926 66.835 Expenditure Refund of disbursements Insurance Granis 10 individuals Granrs 10 schools Clerks salary Siationery, post and telephone Accouniants fee5 R¢pairs Repayment of capiial Drainase rdres Letting fees and rates 1.80) 1.127 19.500 i8,000 2.000 175 534 72 839 509 2.377 866 17,252 38,500 2,000 175 520 1.208 8i9 471 2.018 66.936 63,849 NET PROFIT 1.990 2,986 Page 3
Moulton Harrox Educational Tn{ Ba ance Sheet l March 2025 31.i.25 i l.i.24 FIXED ASSETS Land and property 455.289 455,289 CURRENT ASSETS Bank account Instant access aceouni Maples client account 168.427 167.896 3.2iO 4,i89 6.152 177.844 175.515 CURRFNT LIABILITIES Trade creditors Cash retaincd for repa)qneni of capiial 11,137 11,637 27.676 26.837 38,813 38,474 139.031 137,041 NET ASSETS 594,320 592,330 FINANCED BY CAPITAL ACCOUNT Broughi foTh%'ard Add N¢1 Profit 592.iio 589.344 1.990 2,986 594,320 592.330 594.j?O 592,i)O Page 4