2024-06-30-accounts

Trustees Report. The period 1 July 2023 to 30 June 2024.

Consultants with experience in school establishment and development have been approached regarding a feasibility study for change to a focus school with emphasis on science, maths and technology subjects. This is to be up to date with changing economic and demographic factors in the Limpopo region. The local Department of Education is being approached for its formal approval of the move to a focus school.

The Trust decided that based on the work required - fact finding, liaising directly with stakeholders and the school leadership, a local person’s salary (Project Officer) would be supported up to August 2024, when contracted by the school Council.

Supporting the junior school by significant input towards the librarian’s salary for two years remains a UK Trust commitment, because the feedback and reports have been consistently good.

The Chair is to visit SA towards the end of 2024 and will meet and work with two of our local trustees, during the short visit, the Anglican Bishop, the school Heads, the Council and School governing board and the educational consultancy.

After meeting the Patron of the UK Trust the Chair was assured of continued resources for annual prizes for outstanding students.

There is also renewed hope of new donors generated by enthusiasm for the new focus school, which is envisaged will arise from the 40th anniversary celebrations in 2025, further website development and at the right moment a dynamic fundraising initiative.

St MARK'S COLLEGE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2024

Notes INCOME AND EXPENDITURE Incoming Resources Grants and Donations 2 Investment Income 2a Transfer to General Funds Total Incoming Resources Resources Expended Direct Charitable Expenditure 3 Consultancy costs Fundraising and Publicity Management and administration of the Charity 4 Total Resources Expended 5 Net Incoming (Outgoing) Resources for the year Unrealised Gain/(Loss) on Investments 6 Net Movement in Funds Balances brought forward at 1st July 2024 7 Balances carried forward at 30th June 2024	General Restricted Funds Funds £ £ - 33,515 - 3,211 - 36,726 - 18,753 743 360 743 19,113 (743) 17,613 3,588 - 2,844 17,613 84,635 16,180 87,480 33,793	Total Funds 2024 2023 £ £ 33,515 6,533 3,211 3,945 - -
		36,726 10,478
		18,753 16,492 - 6,564 - - 1,103 1,996
		19,856 25,052
		16,870 (14,574) 3,588 (4,853)
		20,457 (19,427) 100,815 120,242
		121,273 100,815

St MARK'S COLLEGE TRUST

BALANCE SHEET FOR THE YEAR ENDED 30TH JUNE 2024

Notes FIXED ASSETS Investments CURRENT ASSETS Cash at Bank and Hand Investment Income receivable CREDITORS: Amounts Falling Due Within One Year Loan Accrued Expenses NET CURRENT ASSETS NET ASSETS FUNDS Restricted Funds Unrestricted Funds	2024 £ £ 96,554 24,719 - 24,719 - - - 24,719 121,273 33,793 87,480 121,273	2023	2023
		£ £ 92,967 7,849 - 7,849 - - - 7,849 100,815 16,180 84,635 100,815
	24,719	7,849
	- -	- -
	-	-
			100,815
			16,180 84,635
			100,815

St MARK'S COLLEGE TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024

1. ACCOUNTING POLICIES

a) Accounting Convention

The accounts have been prepared under the historical convention, as modified by the inclusion of fixed investments at a valuation, and in accordance with the Statement of Recommended Practices for Charity Accounts

b) Fixed Asset Investments

Fixed Assets Investments are shown at their market value at the balance sheet date. Unlisted investments have been valued at mid-market prices. There has not been any additions to the Investment nor any withdrawals during the course of the year.

2. GRANTS AND DONATIONS

Grants and donations include £Nil from covenants and Gift Aid

2a) INVESTMENT INCOME

This is Interest generated from the Investment in IFSL CAF Fixed Intetest Fund B, which is paid half yearly

3. DIRECT CHARITABLE EXPENDITURE

Grant to St Mark's College	General Restricted Funds Funds £ £ 0 18,753	Total Funds 2024 2023 £ £ 18,753 16,492

4. MANAGEMENT AND ADMINISTRATION

Trustees Expenses Consultancy Costs Independent Examiner's Fee Bank Charges Fundraising and Publicity RESOURCES EXPENDED	General Restricted Funds Funds £ £ 743 360 743 360 743 19,113	Total Funds 2024 2023 £ £ 743 1,508 - 6,564 - - 360 488 - -
		1,103 8,561
		19,856 25,052

5. TOTAL RESOURCES EXPENDED

No depreciation or staff costs were included in this year or the preceding year

St MARK'S COLLEGE TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024

6. FIXED ASSET INVESTMENTS

CAF Income Fund Units Balance Brought Forward as at 1st July 2023 Additions Gain/(loss) on Revaluation Balance Carried Forward as at 30th June 2024 7. Restricted Funds Bursaries Funds Primary School Fund	£ 92,967 - 92,967 3,588 96,554 Balance Balance Brought Movement in Resources Carried Forward Incoming Outgoing Forward £ £ £ £ 11,271 36,587 (19,113) 28,745 4,909 139 0 5,048
	16,180 36,726 (19,113) 33,793

ST MARK’S COLLEGE TRUST

REPORT AND ACCOUNTS FOR THE YEAR ENDED 30[TH] JUNE 2024

CONTENTS

1. Report of Trustees

2. Report of independent examiner

3. Statement of Financial Activities

4. Balance Sheet

5. Notes to the Accounts

Registered Charity Number: 1006316