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 2022
The Trustees present their report and the accounts for the period ended 28 February 2022
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 2022
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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 2022 the Trust raised £46,199 through donations from individuals and friends of the Trust. We received £8,104 income from our investments, which also increased in value by £42,563. £3,915 was raised through special events.
We spent £23,608 funding educational scholarships for 15 students in South Africa. We spent a further £3,653 in costs relating to events & administration.
In total our reserves increased from £473,271 to £546,792, an increase of 16%.
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 2022
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Statement of Financial Activities for the 12-month period ended 28 February 2022
| Income and Expenditure | 28/02/2022 | 28/02/2021 |
|---|---|---|
| Incoming Resources | ||
| Charitable Trading | £0 | £0 |
| Donations and Gift Aid | £46,199 | £114,341 |
| Investment Income | £8,104 | £6,456 |
| Fund Raising Event(s) | £3,915 | £5,223 |
| Tax Recovered | £0 | £0 |
| Total Incoming Resources | £58,218 | £126,020 |
| Resources Expended | ||
| Bank Charges | £0 | £0 |
| Cost of goods sold | £3,640 | £14,213 |
| Funding Educational Scholarships | £23,608 | £21,986 |
| Management and Administration | £13 | £13 |
| Fundraising Costs | £0 | £0 |
| Total Resources Expended | £27,261 | £36,212 |
| Net + or - resources | £30,957 | £89,808 |
| Gains / Losses on Investments | £42,563 | £33,866 |
| Net movement in funds | £73,521 | £123,674 |
| Balance brought forward (year start) | £473,271 | £349,597 |
| Balance carried forward (year end) | £546,792 | £473,271 |
| Year-on-year growth | 16% | 35% |
Harry Birrell Scholarship Trust Ltd - Company No. 03319229 - Charity No. 1061330 Annual Report & Accounts, 28 February 2022
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Balance sheet at 28 February 2022
| Investments Schroders Charity Equity Fund A M+G Investment Fund CCLA Investment Fund Current Barclays Bank Acct PayPal Account |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 28-Feb-22 28-Feb-21 £90,531 £90,531 £75,191 £114,529 £114,529 £108,740 £202,473 £25,896 £228,370 £206,936 £113,040 £113,040 £73,273 £323 £323 £9,132 |
|---|---|
| Totals | £520,897 £25,896 £0 £546,793 £473,272 |
For the year ending 28 February 2022 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 – 29/11/2022
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 2022
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Movement in Funds
| Value | Investment | Investment | Value | Valuation | |||
|---|---|---|---|---|---|---|---|
| 28/02/2021 | added | growth | 28/02/2022 | change | |||
| Schroders Charity Equity Fund A | £75,191 | £0 | £15,340.02 | £90,531 | £15,340 | ||
| M+G Investment Fund | £108,740 | £0 | £5,789.44 | £114,529 | £5,789 | ||
| CCLA Investment Fund | £206,936 | £0 | £21,433.63 | £228,370 | £21,434 | ||
| Current Barclays Bank Acct | £73,273 | £39,767 | £0 | £113,040 | £39,767 | ||
| PayPal Account | £9,132 | -£8,810 | £0 | £323 | -£8,810 | ||
| Totals | £473,272.40 | £30,957 | £42,563 | £546,793 | £73,521 |
Harry Birrell Scholarship Trust Ltd - Company No. 03319229 - Charity No. 1061330 Annual Report & Accounts, 28 February 2022
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Independerbt EMamlTrerfs Reporttt¥the Trustees ofthe Harry Wrrnll Stholarshlp Truso Ltd I rew)rt to the trustees on my examinatlon of the accounts of the Harry Blrrell Schoiarshlp Trust Ltd for the year ended 28 February 2022. Re¥Jertl¥e rwionslbllluts •nd ba$•1 rep As the trustees of the Trust, you are responsible forthe preparatlon of the accounts In ?OrdanCe with the requirements of the Charitles Act 20111.the Acri. You consider that an audit is not required this yeaf undef sectlon 144121 of the Act and that an Independent examSnatlon Is needed. It Is my responsjblllty to: examine the accounts under settiLW) 145 of the Act: follow the applicable dirertions 8i¥pn by the Charlty Commisslon under section 14515llbl of the Aci,. and statt whether partiwlar matters come to myattentlon. Ind¢pendent Examlnerfssithment I have completed my ty2mlnatlon and confirm that no materlal matters have ttme to mv attent?n In connectlon with the examlnatlon glvlng me cause to belle¥e that In any materlal respett.. l. attoullting records were not kept In re4)ect of the Tru51 a5 required by sectign 130 of the Att.. or 2. the accounts do not accord wlth those record5. I have no concerns and have come across no other matters in connectlon wlth the examination to whlth attention should be drawn in this report in order to enable a proper un(kntandin8 of the accounts to be reached. Signed: Name.. aive Head FCMA CGMA Address.. 9 The Green. Welwyn. Hertfordshlre AL6 9EA Oate.. 21 December 2022 Harry Birrell Scholarship Trust Ltd Company No. 03319229 - Charity No. 1061330 Annual Report & Accounts, 28 February 2022