THE SAINT MICHAEL'S AND EXETER SCHOOLS. CHARITY Registered Nurnber 1061107 ANNUAL REPORT AND STATEMENT OF ACCOUNTS YEAR ENDED 31 DECEMBER 2023 Chattertons Solicitors 9 Broad Street Stamford Lincs PE91PY
THE SAINT MICHAEL'S AND EXETER SCHOOLS, CHARITY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Reference and Administrative information Registered Charity No. 1061107 Address 9 Broad Street Stamford Lincolnshire PE91PY The Charity called The Saint Michael's and Exeter Schools, Charity known as'stamford Young People's Charity, was established by Scheme of the Charity Commission sealed on the 24 day Df June 1996. The Charity Trustees during the period were John F H Smith, Pauline Mary Walker, Miss Marian Elizabeth Manger and Jillian Dickson. When new Trustees are appointed they are given an oveNiew of the Charity and an outline of both its operational and financial activities. New Trustees are selected in order to gain benefit from their skills and experience, to complement the existing Trustees, and to provide Succession. The Trustees have considered the guidelines issued by the Charity Commission on public benefit and are of the opinion that the criteria are being met within the objectives and activities of the Charity. Objectives and Activities The objects of the Charity are:_ "Advancing the education (including social and physical training) of persons under the age of twenty-five years who or whose parents are resident in Stamford (the area of benefit) and in particular, but without prejudice to the generality of the foregoing, in providing special benefits of a kind not normally provided by the Local Education Authority for Church of England schools in the area of benefit. Page 1
Achlevements and Performance A bequest from the estate of the late Leslie Thiselton of £115,560 was gratefully received by the Trustees. Grants totalling £30,891 were paid to ten different beneficiaries. Financial Revlew The Statements of Account indicate net income credrt for the year of £84,686 The reserves of the Charity at 31. December 2023 were £145,180 all of which are unrestricted. This represents funds that are necessary to provide adequate reseNes for future grants and administration of the Charity. Approved by the Trustees on 25110124 and signed on their behalf. Chairman Page 2
THE SAINT MICHAEL'S AND EXETER SCHOOLS, CHARITY YEAR ENDED 31 DECEMBER 2023 RECEIPTS AND PAYMENTS ACCOUNT (unrestricted fund) 2023 2022 Income Receipts Dividends Barclays Bank interest Florence Desforges Foundation donations 21,200 45 11,195 489 3700 4,189 32,440 Other Receipts Leslie Thistleton Estate 115,560 Total Receipts 119,749 32,440 Payments Grants Paid 30,891 35,096 Management and admlnistratlon Price Bailey- Account E.C.A. Consulting Ltd - Website E.C.A. Consulting Ltd - Domain renewal 30 Bank charges Clerk's salary 540 528 60 3600 4,172 4,188 Total payments 35,063 39,284 Net Receipts for the year Bank balances at 31 Dember 2022 84,686 60,494 (6,844) 67,338 Bank balances at 31 December 2023 145,180 60,494 Page 3
THE SAINT MICHAEL'S AND EXETER SCHOOLS, CHARITY YEAR ENDED 31 DECEMBER 2023 STATEMENT OF ASSETS AND LIABILITIES AT 31 DECEMBER 2023 Unrestricted Funds 2023 2022 Monetary Assets Barclays Business Premium Account Barclays Community Account - General Barclays Community Account- Florence Desforges Foundation 51,894.46 55,166.67 51,405.07 -25,330.22 38,119.31 34,419.31 145,180.44 60,494,16 Investment A55ets (at market value) 897,283 862,482 Llabilities There are no liabilities at the year end. Approved by the Trustees on LQ6/io/a¥ and signed on their behalf. Chairman Page 4
THE SAINT MICHAEL'S AND EXETER SCHOOLS, CHARITY YEAR ENDED 31 DECEMBER 2023 SCHEDULE OF GRANTS January The Conversation Stamford 4,178.00 February Malcolm Sargeant School- travel 600.00 March Stamford Diversity Group 1,151.00 May The Bluecoat School Seeds 300.00 June Churches Together Stamford 418.09 June The Bluecoat School - Hamerton Zoologicial Park 634.10 July The Bluecoal School- Wickstead Park 945.00 July Burghley Enterprise5 Ltd - Malcolm Sargent School 765.00 July E Shaw & Sons - Malcolm Sargeant trip 480.00 July Art Pop-up - Stamford Summer Youth Project 5,650.00 July The Conversation Stamford 13,550.00 September Paula Wigmore- Ukraine children 1,620.00 November Bands Coaches- MalGOm Sargent travel 600.00 30,891.19 Page 5
THE SAINT MICHAEL'S AND EXETER SCHOOLS, CHARITY YEAR ENDED 31 DECEMBER 2023 FLORENCE DESFORGES FOUNDATION- DONATIONS Balance in hand 34,419.31 A Burroughs 120.00 EACOX 100.00 J Parry Wingfield 500.00 H Phillips 100.00 Dr & Mrs A Morris 600.00 HMBall 480.00 John Dawson 1,000.00 J Sutcliffe 800.00 TOTAL 38,119.31 Page 6
THE SAINT MICHAEL'S AND EXETER SCHOOLS, CHARITY YEAR ENDED 31 DECEMBER 2023 INCOME STATEMENT Brought forward Add interest 60,494.16 489.39 60,983.55 Less grants 30,891.19 30,092.36 4,171.97 Less expenses 25,920.39 3,700.00 Add Florence Desforges Foundation donations 29,620.39 115,560.05 Add Leslie Thiselton Estate bequest 145,180.44 Balance made up as follows:_ Barclays Bank plc account 20061689 Barclays Bank plc account 80528684 51,894.46 93,285.98 145,180.44 Page 7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SAINT MICHAEL'S AND EXETER SCHOOLS CHARITY I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 3 to 4. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,), I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act. or 2. the accounts do not accord with those records. Please note that the comparative information has not been examined and as a result, I make no report on the accuracy of the comparative information. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn In this report in order to enable a proper understanding of the accounts to be reached. K M Hilliard ACA FCCA CTA Chartered Accountant Price bailey LLP 36 Tyndall Court Commerce Road Lynchwood Peterborough PE2 6LR Date. a gliL) IJ4 Page 8