## **HARRY BIRRELL SCHOLARSHIP TRUST LTD** **(Private company limited by guarantee without share capital)** **Company No. 03319229 Charity No. 1061330** ## **Trustee’s Report for the period ended 28 February 2021** The Trustees present their report and the accounts for the period ended 28 February 2021 ## **Incorporation and Registration** The company was incorporated on 17 February 1997 as company number 3319229 and obtained registered charity status on 17 March 1997 as charity number 1061330 ## **Regulatory Details** The charity is a limited company and as such is governed by its Memorandum and Articles of Association The Trustees in this period who were appointed in accordance with the Articles were: Stephen Sparrow Deri Hughes Andrew La Trobe Adrian Birrell Mark Hepburn Susannah Macaleese Duncan Hepburn Edward Crossman Oliver Cook The Directors under the Companies Act were: Stephen Sparrow Andrew La Trobe Deri Hughes Duncan Hepburn **Registered Office:** 3 Lambrick Way, Abingdon, Oxfordshire, OX14 5TP **Bankers:** Barclays Bank, Chancery Lane & Goslings, PO Box 11345, London W12 8GG ## **Objects and Policies** The charity’s objects are to advance the education of young people under the age of 21 in Africa. The charity aims to specifically raise money through fund raising events and through the support of its friends in order to provide a capital base. The dividend and interest income on the capital will be used to pay, or part pay, the school fees for Harry Birrell Scholars at St Harry Birrell Scholarship Trust Ltd - Company No. 03319229 - Charity No. 1061330 Annual Report & Accounts, 28 February 2021 1 Andrew’s College, Graeme’s College, the Diocesan School for Girls and Victoria Girls High School in Grahamstown in South Africa. Dividend and interest income can also be used to support other educational projects in Southern Africa as determined by the Trustees. Volunteers run the charity. The Trustees voluntarily run events and raise money for the charity. ## **Review of Progress and Achievement** In the twelve months to 28 February 2021 the Trust raised £114,341 through donations from individuals and friends of the Trust. Our net investment income was £33,866 across five investment funds. £5,223 was raised through special events. Signed, on behalf of the Trustees, -------------------------------------------- Deri Hughes, Trustee & Finance Director Harry Birrell Scholarship Trust Ltd - Company No. 03319229 - Charity No. 1061330 Annual Report & Accounts, 28 February 2021 2 ## **Statement of Financial Activities for the 12-month period ended 28 February 2021** |**Income and Expenditure**|**28/02/2021**|29/02/2020| |---|---|---| |**Incoming Resources**||| |Charitable Trading|£0|£0| |Donations and Gift Aid|£114,341|£35,656| |Investment Income|£6,456|£10,924| |Fund Raising Event(s)|£5,223|£28,361| |Tax Recovered|£0|£0| |**Total Incoming Resources**|**£126,020**|£74,941| |**Resources Expended**||| |Bank Charges|£0|£153| |Cost of goods sold|£14,213|£0| |Funding Educational Scholarships|£21,986|£21,631| |Management and Administration|£13|£13| |FundraisingCosts|£0|£0| |**Total Resources Expended**|**£36,212**|**£21,797**| |**Net + or - resources**|**£89,808**|**£53,144**| |**Gains / Losses on Investments**|£33,866|-£2,973| |**Net movement in funds**|**£123,674**|**£50,171**| |**Balance brought forward (year start)**|£349,597|£299,426| |**Balance carried forward (year end)**|**£473,271**|**£349,597**| |_Year-on-year growth_|_35%_|_17%_| Harry Birrell Scholarship Trust Ltd - Company No. 03319229 - Charity No. 1061330 Annual Report & Accounts, 28 February 2021 3 ## **Balance sheet at 28 February 2021** |**Investments**
Schroders Charity Equity Fund A
M+G Investment Fund
CCLA Investment Fund
Current Barclays Bank Acct
PayPal Account
**Totals**|Unrestricted
Restricted
Endowment **Total Funds**
Total Funds
Funds
Funds
Funds
**28-Feb-21**
29-Feb-20
£75,191
**£75,191**
£26,836
£108,740
**£108,740**
£53,118
£186,722
£20,215
**£206,936**
£67,047
£73,273
**£73,273**
£196,971
£9,132
**£9,132**
£5,625
**£453,058**
**£20,215**
**£0**
**£473,272**
£349,597| |---|---| For the year ending 28 February 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The Directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies regime. Approved by the Directors – 29/11/2021 Signed, on behalf of the Directors, -------------------------------------------- Deri Hughes, Finance Director Harry Birrell Scholarship Trust Ltd - Company No. 03319229 - Charity No. 1061330 Annual Report & Accounts, 28 February 2021 4 ## **Movement in Funds** ||Value|Investment|Investment|**Value**|**Valuation**| |---|---|---|---|---|---| ||29/02/2020|added|growth|**28/02/2021**|**change**| |Schroders Charity Equity Fund A|£26,836|£35,000|£13,355|**£75,191**|£48,355| |M+G Investment Fund|£53,118|£50,000|£5,622|**£108,740**|£55,622| |CCLA Investment Fund|£67,047|£125,000|£14,889|**£206,936**|£139,889| |Current Barclays Bank Acct|£196,971|-£123,698|£0|**£73,273**|-£123,698| |PayPal Account|£5,625|£3,507|£0|**£9,132**|£3,507| |**Totals**|**£349,597**|**£89,809**|**£33,866**|**£473,272**|**£123,675**| Harry Birrell Scholarship Trust Ltd - Company No. 03319229 - Charity No. 1061330 Annual Report & Accounts, 28 February 2021 5 Independent Exarninerfs Report tothe TTUStees of the Harry Birrdl sd￿larshIpTT￿5t Ltd I report to the trustees on my examination of the accounts of the Harry Birrell Schc4arship Trust itd forthe year ended 28 February2021. Respettlve respons1b1l￿beS and basls of report the trustee5 of the Trust, you are responsible forthe preparation of the accounts in accordance wth the requirements of the Charitie5 Art 20111"the AcVI- You con5iderthat an audrfc is not required this year under sèction 144121 of the Act and that an independent examination is Deeded. 15 rny responsibiltyto.. examinethe ac£ounts under section 145 of the Act,. follow the appli(3ble directions &vèn bythè Charity Commiwon under section 14515llbl of the Act- and stste whether particular matters cometo my atteDtion. Independent Exafflinerfs Statement I have completed my examination and confirrn that ro material matters have come to my attention in conneLtion with the examinats.on ￿.￿n8 rne cause to believe that in any rnaterial iespect.. accounting records were not kept in respe£t of the Trust as required by sectlon 130 of the Act., or 2. the accounts do not ￿COrd with those records. I have no COn￿rn$ and have come across no other matters in connection wth the examination to which attention should be drawn in this report in orderto enable a proper nderstanding of the accountsto be reached. Signed: C2q&L Name.. Clwe Head FCMA CGMA Address.. 9 The Green, Welw￿, Herttordshire ALO 9EA Date= 29 Decernber 2021 Harry Birrell Scholarship Trust Ltd Company No. 03319229 - Charity No. 1061330 Annual Report & Accounts, 28 February 2021