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Educational Grants: Woore

 

OLD WOORE SCHOOL TRUST

Facebook Page: https://www.facebook.com/oldwooreschooltrust

The Trust administers funds raised on the sale of the Old Woore School building, and invested to realise income since 2008. Grants are usually made from interest earned rather than capital.

Applications are invited from young people under the age of 25 who are resident within the Parish for help with their educational needs. A variety of educational needs and costs have been met over the years - do not hesitate to inquire. Please apply by letter, at any time in the year, to :

The Secretary,

Old Woore School Trust,

17 St Leonard’s Way,

Woore.                                                 April 2024

 

REPORT TO ANNUAL PARISH MEETING

APRIL 2023 - MARCH 2024

ASSETS

Current funds available for distribution                               £5541.47

Initial investments made April 2008:-   

Invesco Perpetual Fund          £20,000.00

Jupiter Merlin Income Fund   £40,000.00

Current valuation 05/03/2024                                           £110,493.62

Total assets                                                                       £116,035.09

It has been a quiet year, with only one award of £250.00 being made, with two applications pending. During the year we sadly received the resignation of Mrs Ann Lindop, a founder trustee, due to ill health.

The current Trustees (March 2024) are:-

Chair – Joan Fradley

Shropshire Council - Vacant

Woore Parish Council –

Co-opted Trustees - Stephen Clifford, Helen Jackson & John Parkes

Note: At September 2023 a total of 74 people had received about £25,000 in grants since the creation of the Trust. Because of individual confidentiality, no further details are released of those made.