BELFAST BOYS MODEL BURSARY FUND UN MEIAORY OF EW DAVIS)
DIRECTORS REPORT
FOR THE YEAR ENDED 30 APRIL 2022
ol I￿land (FRS 102) (effecti￿ 1 January 2019)-.
on th? lllteat rnapeciclthe Frt as at 30WI 2021
Thg pury(w and Ob￿ctiVeS ofthe Furmj all*￿*d Report11 ha5 always been Impjlant for Ihe
rgmenls. To the best d ojr it i¥ ow vivw Ihat in lh• y•ar 2021.2022 we (*lad Wy wlth all
r81gvani requ*em8nts.
we vtsnt lo pEaL% ￿(x￿￿ our Sinl*￿ thanks for the ￿￿lbu￿c￿ ￿ ma* frDm the beginnwu ofthe FuThl
and thro￿ Ils impr)rtanl earty stsges. AtthtyJgh iusl (NJtsidB Ih? year in quethn, we aEyo want to Too￿1￿ze th8
In from May 2￿21
Whfo Iho Board has reynsWIty for bolh tha r818lng dfunds and the a￿￿11￿ of Burn81igs. tho Cli￿13
and In ￿ti￿lar Ihe Lx>ntribuUcffl of the PrfncFpd. Mary Mcmlgomwi, the serdor M￿a￿EMe￿ teaffl. and the
SUp￿ting administsativ8 s18ff. T￿t rdalkrnhlp ¢t￿U89 to ensurn that Ihe Fund achieves its obieGb¥85 Sn
c7￿M5￿nL￿ arf51ThJ from the ￿ p8Th1om& oMlinufjd lo an ad hDC wroach to further an￿ff
BU￿arte8 in addllion k> the tlyee nomwlly owardad. In Sèpt8mbw 2021 threg ￿trOll award8 of £1.tW eath
were made lo thg strJts)ts 5wJTrJ in eath rf the unb¥eth Ixtsgui8s plu5 a furfvr awa￿ Io an IND
Ihg Sclthl w(nnlffJ th8 ScFKJo15 R￿Y Cw> and th8 25th Anrw8rnary al th8 Sthod Wmlno Iho r*Jor Sd¥))1s
Soccw trophles. Ay a res￿( we were able to add lo unreslrld8d fur#ts and to rnport lo a muth *￿er
MI￿￿ the work ofts Fund kn da*.

BELFAST BOYS MODEL BURSARY FUND ON MEMORY OF EW DAVIS)
DIRECTORS REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2022
We pknsed to rnPDrt tha( a5 the attaC*￿d A￿A￿￿￿5 hlh2t8. by 30 Aprl 2022. lknresbI￿ Funds had
Increased to £83,414, *18r h8¥lng pald for expe￿ Buw a*Ard p8ym8nts. Thè Board has corthndy
reV￿ed the TrseNe5 hehl and 1th1 to bo hedthy, iwJl by no mpan¥ ?xc855ive. gtven the ag8 range of
The DI￿￿015 look foNMd to ￿ntIn￿j k• thvelop FUKI In th• approwtata way to
Sk N Homdton KCB. DL
ObJ•cUvH and actlvhl
As notad kn last yearfs repxl th? Bowd set an obJe(tre lo rnake adrfthrwl 8rffluo1 awa￿ for HND and Hlgher.
It Is also Important to that the exlglerKe of Ihe F￿￿j aTxI fts core obi8(*N95 warn agrÈed wllh the school
808rd of Governor¥. as was the futl p8rUdpakn of the then Princ*al. MrA8n LO￿ as a Dkp¢Aor of the FLYKI.
chrfty sh(￿ld urthrtak
Aehl•v•monts •nd p•rform￿cl
be fuly fimded for tho knwy. It det0Th￿l by Ihe Board tha( In￿aly. thr99 burnaiies
Th¢ BO8￿ wa5 of tho VI￿ that aw¥ds bg perforrnanco thiven aryj was grateknl that tho sclM)oi endorsed
thls Èpproath and agreed lo drdw w the crflerfa aBaln5t th8 fll5t Ihr88 awards woukl bg mado.
8ndArtI.
Th• scfrthxd ￿s￿r8d that putAI for a trAVSary was of the from lh• boglnnlng of th
s￿￿1 year. Folowing examlnakn re$￿ts In Awst each ￿, three bw5wies are awarded b) tho

BELFAST BOYS MODEL 8URSARY FUND (IN IAEIKIRY OF EW DAVIS)
DIRECTORS REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRL 2022
Flnanclal rnvl•w
the existen￿ and pwx)se rl the FuThl. ar•J then wryiled kn L￿tri￿le by a 0￿4)ff or by regLlar morthly
donaUrffj¥ D*￿t Dolxt orbottL
It Is the F* ofts that Unrn$¢￿ Thl*h ha¥e rnl beEn thSIgn*￿ a spaclk Sh￿Id be
wll be able lo contknue the d￿rity'S c¥rrent acuth wtile CxinsSdprntlon b gfven to ways In whlth a(klltkinal
D￿n￿ ts Jwr. the Fund raiwl £34.339 {2021: £14.9441 knm donatKxw. aid aThJ iniorest arKI after
paylng and pM¥￿[￿j for conxnbtted LxYsam5 expenses add•J £14.978 (2021: £1.714) lo ￿ndS
whkh lotal £83,414 (2021 ". £68.436l Thls ensures Ilwt ** Butsaies fwded in Ihe Yea￿ a￿d.
Th8 DIr8ra0￿ ar8 ￿8S0d Imth the suppfyt frc•n b(th exi8W WMI nw d(Yws and bellevo that the
Fund has good rthnllal trj Iho fith.
Belfast Bffj6' IAodel BLWSary Fund (ln E W Davis) is a IWT4419 c{Wnp￿ Inmted by guarnntee and
roglstsred In Northeffl Irel8Th1 (Cryrry Nurnljer N1630824
be a Member. the C*garlsaUon of Meellrys: lh8 Rol8 8nd Prh¥ers of Dlrecli)rs (knduthB 8PFdntrn¢nt
and rgltrem8nt): AdmtnlstralivePJraryeThwts: And t)treths Irwjernnty ￿K1 Insurance.
Slr N Ha￿ltOn KCB, DL
MrG Nelx
MrABrdlden
MrJ Keith OBE
Dr RAdalr CBE
Ms M Monlg(xn•ry
Dr B Keabng CBE
DrALogan DL
Mr M Gllrn￿ QPM
Mr RAmiour
(RgshJ4d 10 May 2021)
(P4Jpohthl 21 Junè 2021)
(App￿￿ S 2tr22)

BELFAST 80YS MODEL BURSARY FUND (IN MEMORY OF EW DAVIS)
DIRECTORS REPORT (copillNUED)
FOR THE YEAR ENDED 30 APRIL 2022
Slr NW H￿Ion KCB. DL(Cts)
Dr RoyAdalr CBE (Treasurer)
SlrN
arnllton K
B,DL