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2021-04-05-accounts

Trustees' Annual Report for the period

Period start date Period end date 6th April 2020 5th April 2021

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To

Section A Reference and administration details

MCCLURE MEMORIAL TRUST

Charity name MCCLURE MEMORIAL TRUST Other names charity is known by Registered charity number (if any) 1027127 Charity's principal address SUITE 7 6 THE BROADWAY MILL HILL, LONDON Postcode NW7 3LL

Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
ANTHONY WARD CHAIR LIFE GUARDIANS
1
COMMITTEE
JULIAN POLLOCK LIFE GUARDIANS
2
COMMITTEE
IAN LOWDEN LIFE GUARDIANS
3
COMMITTEE
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
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1

Names and addresses of advisers (Optional information) Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

TRUST DEED Type of governing document (eg. trust deed, constitution) TRUST How the charity is constituted (eg. trust, association, company) APPOINTED BY THE LIFE GUARDIANS COMMITTEE Trustee selection methods (eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Section C Objectives and activities

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THE CHARITY MAKES AN ANNUAL AWARD TO CONTRIBUTE TOWARDS THE SCHOOL FEES OF A DESERVING PUPIL(S) AT THE MILL HILL SCHOOL FOUNDATION AS RECOMMENDED BY THE Summary of the objects of the HEAD TEACHER. charity set out in its governing document THE TRUST HELPS TO FUND AN EDUCATION TO DESERVING STUDENTS BY GRANTING AN ANNUAL SCHOLARSHIP. THE TRUSTEES HAVE HAD REGARD TO THE GUIDANCE ISSUED BY THE CHARITY COMMISSION ON PUBLIC BENEFIT.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

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3

You may choose to include further statements, where relevant, about:

Section D Achievements and performance

March 2012

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Section D Achievements and performance

Summary of the main achievements of the charity during the year

OUR TOTAL ASSETS HAVE INCREASED FROM £275,136 AS AT 5[TH] APRIL 2020 TO £413,861 AS AT 5[TH] APRIL 2021.

WE RECEIVED A VERY GENEROUS DONATION FROM FIVE OLD MILLHILLIANS TOTALLING £45,000 PRIOR TO RECLAIMING GIFT AID WHICH WAS GIFTED TO US ON THE BASIS WE INVEST THE FUNDS INTO THE INTELLECTUAL DIGITAL GLOBAL (IDG) FUND.

WE WERE ALSO ABLE TO PURCHASE £10,300 MORE UNITS IN THE COIF CHARITIES INVESTMENT FUND WHICH HAS PERFORMED VERY WELL FOR US IN RECENT TIMES.

WE BROUGHT OURSELVES TOTALLY UP TO DATE WITH OUR GIFT AID CLAIMS FROM HMRC.

WE ARE HEADING TOWARDS OUR GOAL OF BEING ABLE TO FULLY FUND THE ANNUAL SCHOOL FEES OF A DESERVING STUDENT RATHER THAN JUST MAKING A SCHOLARSHIP OF £11,000 PER ANNUM.

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Section E Financial review

OUR PLAN IS TO HAVE SUFFICIENT RESERVES SO THAT WE CAN Brief statement of the GENERATE AN INVESTMENT RETURN SUFFICIENT TO ENABLE US charity’s policy on reserves TO INCREASE OUR £11,000 ANNUAL SCHOLARSHIP TO THE FULL ANNUAL SCHOOL FEES.

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) JULIAN POLLOCK Full name(s) ANTHONY WARD Position (eg Secretary, Chair, CHAIR etc)

Date 15 MARCH 2022

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McClure Memorial Trust Accounts for Year Ending 5 April 2021

Income 2021 2020
LG Donations 8,306 9,157
US Investment (iDG) Donations 45,000 -
Jim Roberts Funeral Donations 1,058 -
Amazon Smile 19 -
54,382 9,157
Income tax recovered on:
General Donations 7,081 -
US Investment Donations 11,250 -
18,331 -
Total Income 72,714 9,157
Expenditure
Scholarship payments 12,500 9,500
Purchase of COIF Units 10,300 -
Purchase of US Investment 45,000 -
Total Expenditure 67,800 9,500
Surplus /(Deficit) of Income Over Expenditure 4,914 (343)
Funds
COIF Accumulation Fund 363,781 274,970
Current Account 5,080 166
New US Investment (iDG) (at cost) 45,000 -
Total Funds 413,861 275,136
Signed by the trustees 15 March 2021

ANTHONY WARD

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JULIAN POLLOCK
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IAN LOWDEN
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Signed: Name: Elliot Hamilton, OM Address: Oak Ridge, Crest Hill, Peaslake, Guildford, GU5 9PE Date: 18th March 2022