TRUSTEES'ANNUAL REPORT FOR THE PERIOD 1 January2024to31" December2024 CHARITY NAME Hutchinson's Endowed School tworking name: Bowes SchoolTru8tee Governors] REGISTERED CHARITY NO 528081 CHARttY'S PRINCIPAL ADDRESS CIO GFW LLP Wentwonh House. W8n￿rth Park. Hexham, Northumbeiiand NE46 3PD Name oftheCharityTrustegswho manage thecharity: Name of Trustee Appointed bylPosition hetd Mr A Bracewell (Chairman) MrCTipping Mr C Redfern MrP Hughes Mr P D Nicholls Mr R Bell Mr8 D Sayer MrK Ettey MrR M Hutchinson Churchwafden Bowes Parish Council Bowes Parish Council Bowes Pari5FT Coun¢il Bowes Parochial Church Council Durham Countycouncil Methodist Chapel of Bowes & Spital Bowes Parochi81 Church Council Bowes Paro¢hial Church Council lin conjunetion with Lords in Trust of the Manor of Bow881 Gilmonby P81ish Council (nominated as a Trustee on If Ortober20231 Leed8 Diocese {nominated as a Trustee on 17, October 2023} Resigned 2rn August 2024 Mr R Tomlinson Revd. OTomlinson Names and addressesof Advisors-. Chartered Surveyors: GFW LLP, W8ntworth House. Wentsyorth Park. H8xh8m. Northumber18nd. NE46 3PD Accountants Addison & Co.. 91 Gaigats. Bamard Castle. Co. Durham. Structure, Governance and Management GovemingDocument: Scheme datsd 9" May1950 Trustees: The body consists ofthirte8n persons vthen complet8- Three ex-officio Governors. beingthe Vicar and Churchwardens of Bowes Five nominated Governors appointed Three bythe 8owes Parochialchurch Council- ofvthom one shallbe appointed after Consultation with the Lords in Trust of the Manor of Bowes. One bythe Ripon Dioces8n Education Comrntttee (Leeds Diocese) One bytha respective Trustees of the Methodist Chapels of Bowgs & Spttal. Five rgpresentative Governors to be appointed: Three by Bowes Parish Council One by Gilmonby Parish Meeting One by CoLJnty Council of Durham as Local Education Authority. Summary ofobjectives ofthe Charty: The Schoolofthe Foundation shallbe maintained at Bowes as aVoluntarySchool8nd Religious Instruction in accordance with the doctrines of the Church of England shati be given therein. The Govemors may apply the residue of tPLe net income of the Foundation in the maintenance (including insurance) and improvement of the School of the Foundation and forthis purpose the Governors may make payments to th8 Managers of thg said School. The Governors may set 8side a buildingfund ftjr the b8n8fit of the School 80 much as they see fit of the net income ol the Foundation. Any part of the net income not applied may be applied bythe Governors in prornoting education, including social 8nd physicalu8ining of boys and girts in the Ancient Parish of Bowe8. The Trustees followingthe Guidance contained in the Charity Commission's General Guidance on public benefit when followng the Tnjsts aims and objectives and in setting grant making pokncy for the year. Activtties and Achievements: During the year the Tw$t has continued lo payforthe School buildinES' insurance. Th8 Trust ha8 provided fundingtowards 8 SchoolAuxiiiary who assist T8actt¢rs within tho classrooms at Bowes School. This bringsvalue to the School by reducing the staff to chiidr8ri ratio and makes Bowes S¢hool more attractive to prospective parents. Bibles are given to the children. Policyfor selo¢tion of Investments To selectinvestmentswhich have 8 managed risk. to provide incomeforthe Charityas weuas ¢apital growth. Income The income forthe Charitytotalled £45.327. Payments were made to the Boweg Schoolto retain the SchoolAuxiliary and to paythe buildings insurance premium. Resetves: As at 31°, December2024 the Hutchinson Endowed School Ch8rity had investments totaliing £403,058.07. The Charity owns: Theschooland groundsat Bowes. The Charityowns 8 315" Share infamis and Land n8mely: BLadesfield Farm. Boldron Mid Lowfi81d Farm. Bowes Land at Stonebridge, Bowes Land at East Lowfield, Bowes LowThornberry Farm. Bowes L8nd at Ellerbeck, Bowes Half share in a field at Romaldkirk Sheep Stintsonth8 land at Bowes Moor. Reserves are retained in thefam estates, account to maintsin and repairthe farms. In addition, the Charity owns a 315th share in Investment Funds held by the Bowes & Romaldkirk Chartties, Estate. The Trustees decl8r8th8y have approved the TnJ8tees' Report above. Sign8d on behalf of the Chart￿5 Trustees- Mr A Bracewell 05103 2026 Date QZZL c)zz 3Jnn oks lili I I tl[ 1111 ozz ThIIyli )0 < <0 8 88 . re5w)nsibility to state, on the basis of Pr(￿¢dur¢S specified in the General Dire¢tion.q giv¢n by the Charity commissione￿ wider section 145(5)(b) of the Act, whether partieular matters have come to my attention. Basis of independent euminer's My axamination was Carried out in acwrd&nce with th¢ General Dir¢¢tions report given by the Charity Commission¢rs. An ex8minalioD includes a review of th¢ accountino ￿ordS kepi by the eharity and a comparison of the accounts presented with thos¢ r￿OrdS. It also includes consideration of ans. UEkusual items or disclosur¢s in the ac£ounts. and seeking explanations froln you &s trustees concerning any such matters. The procedures widertakeii do not provide all the evidence that would be required in au audit, and consequently I do not express an audit opinion on the view given by the accounts. Independemt ex4miner's sta¢emellt In cotmectioD with my exaJDinatioD, llo matter has come to my attention. {1) which gives me r&￿nable cause to believe that in any material respect the requiffments to keep accowitillg records ill accordance with section 130 of the Ac( to prepare accounts which accord with the accounting records alld to comply with the accountitig TequiretrLellts of tbe Act have not ken meL or {2) to which, in mv opinioffj attention should be dram￿ in order to enable a proper und o ofthe accounts to be reached. Signed Dale [( Name RelevAnt professiollal qualificAtion Member of the Institute of Chartered Acci>unts in England & Wal#s or body (if ajjy) Address Addison & Co. 91 Galgate. Barnard Castle, Co Durham