## **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