2025-12-31-accounts

The Marc Smith Educational Charity

ANNUAL REPORT FOR MARC SMITH CHARITY 2025

The Charity was established in 1814 to promote education in the villages of Claybrooke Magna, Parva, Ullesthorpe and Wibtoft. Marc Smith left the income from his property in Coventry to establish a small school. Local landowners gave land on which the school was built in 1840. The Old Schoolhouse has been rented out to provide an income for the Marc Smith Charity for many years.

The Charity funds clothing grants for children from the area moving up to senior school and larger grants to students from our area going on to further education.

The Trustees met in March, June and September.

Zoe (Trustee) and husband Neil Ridley participated in the preparation of grant applications. A successful outcome of £5000 from Harborough District Council and £1000 from Ullesthorpe Parish Council were received.

£10,000 grant received from Gazeley which helped cover the huge outlay last year in refurbishing the schoolhouse.

Renovation of the OSH was completed and a new tenant moved in. The management contract with Clarkes was terminated and is now provided in-house to enable a saving of around £2000 in fees each year.

All of the 6 allotment plots are being utilised.

School Uniform grants of £70 each were awarded to 12 children who were going up to senior school.

Further Education grants of £300 each were awarded to 17 students.

List of Trustees

Trevor Dawes (Chairman) Permanent Trustee (Claybrooke Magna) Simon Smith – Rep for Ullesthorpe Hugh Edgeley – Rep for Ullesthorpe Jo-Ann Allcoat – Rep for Claybrooke Magna Jo Stuart Matthews – Rep for Claybrooke Magna Zoe Ridley – Rep for Claybrooke Parva

Julie Lenihan – Clerk to the Trustees

℅ The Hollies - 19 Manor Road, Claybrooke Magna, Leics LE17 5AY

1

Telephone: [phone] Clerk: Mrs J.D. Lenihan Email: [e-mail]

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MARC SMITH EDUCATION CHARITY
Income and Expenditure for the year ended 31/12/25
£
INCOME
Rent from Schoolhouse 15,876.29
Refund of Hornsby Deposit 200.00
Allotments 150.00
Grants 26,000.00
Loans & Donations 6,000.00
HDC - Credit 624.17
48,850.46
EXPENDITURE
Clothing Grants 840.00
Further Education Grants 5,100.00
Repayment of grants and loans 29,700.00
School Grants 0.00
Insurance - Schoolhouse & Allotments 644.45
Property Refurbishment & Repairs 12,121.00
Allotment Membership 12.00
EDF energy (pre-tenant balancing) 490.71
Severn Trent 0.00
Microsoft annual licence 79.99
Wasp Treatment 120.00
49,108.15
Opening Balance @ Barclays 1st January 2025 9,938.37
MH Building Society - Now Closed 0.00
Excess of expenditure over Income for 2025 -257.69
Closing Balance @ Barclays 31st December 2025 9680.68
TOTAL RESERVES 9,680.68
Notes:
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Chartered Accountants & Business Advisors Dear Sirs, The Marc Smith Educational Charity We have performed an independent examination ofthe books and records supplied to us togetherwith the Income and Expenditure Account based thereon. We can confirm the records show a true and fairview of the charity's affairs for the year ended 310ecember 2025. There are no matter of concern to report. Total income was £48.850 and expenditure was £49,108. leaving a small deficit for the period. Total rese￿eS at the year end were £9,681. Yours faithfully, FAYWM*HUMPHREYS FCA AEH A¢countsn¢y Ltd The Stables Chureh Farrn Willey Warwick5hirè CV23 OSH E IL￿@a￿￿Ountry.co.uk M .07932 641 T 01455 550176 ICAEW CHAR TERED ACCOUNTANT wKw.AEHac<ourrtancy.co.