
## **Trustees' Annual Report for the period** 

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

**From** 

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


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**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: 

- policies and procedures adopted for the induction and training of trustees; 

- the charity’s organisational structure and any wider network with which the charity works; 

- relationship with any related parties; 

- trustees’ consideration of major risks and the system and procedures to manage them. 

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

- policy on grantmaking; 

- policy programme related investment; 

- contribution made by volunteers. 


## Section D                      Achievements and performance 

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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: 

- the charity’s principal sources of funds (including any fundraising); 

- how expenditure has supported the key objectives of the charity; 

- investment policy and objectives including any ethical investment policy adopted. 

## **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<br>**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
IAN LOWDEN<br>**----- End of picture text -----**<br>




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

