## **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 2023** The Trustees present their report and the accounts for the period ended 28 February 2023 ## **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 2023 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 2023 the Trust raised £18,313 through donations from individuals and friends of the Trust. We received £10,055 income from our investments, which also increased in value by £7,320. No special events were run in the year. We spent £21,432 funding educational scholarships for 15 students in South Africa. We spent a further £69 in administration costs. In total our reserves increased from £546,792 to £560,981, an increase of 3%. 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 2023 2 **Statement of Financial Activities for the 12-month period ended 28 February 2023** |**Income and Expenditure**|**28/02/2023**|**28/02/2022**| |---|---|---| |**Incoming Resources**||| |Charitable Trading|£0|£0| |Donations and Gift Aid|£18,313|£46,199| |Investment Income|£10,055|£8,104| |Fund Raising Event(s)|£0|£3,915| |Tax Recovered|£0|£0| |**Total Incoming Resources**|**£28,368**|**£58,218**| |**Resources Expended**||| |Bank Charges|£56|£0| |Cost of goods sold|£0|£3,640| |Funding Educational Scholarships|£21,432|£23,608| |Management and Administration|£13|£13| |FundraisingCosts|£0|£0| |**Total Resources Expended**|**£21,500**|**£27,261**| |**Net + or - resources**|**£6,868**|**£30,957**| |**Gains / Losses on Investments**|£7,320|£42,563| |**Net movement in funds**|**£14,189**|**£73,521**| |**Balance brought forward (year start)**|£546,792|£473,271| |**Balance carried forward (year end)**|**£560,981**|**£546,792**| |_Year-on-year growth_|_3%_|_16%_| Harry Birrell Scholarship Trust Ltd - Company No. 03319229 - Charity No. 1061330 Annual Report & Accounts, 28 February 2023 3 ## **Balance sheet at 28 February 2023** |**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-23**
28-Feb-22
£105,684
**£105,684**
£90,531
£115,426
**£115,426**
£114,529
£197,522
£32,118
**£229,640**
£228,370
£106,832
**£106,832**
£113,040
£3,400
**£3,400**
£323
**£528,863**
**£32,118**
**£0**
**£560,982**
£546,793| |---|---| 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 – 24/11/2023 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 2023 4 ## **Movement in Funds** ||Value|Investment|Investment|**Value**|**Valuation**| |---|---|---|---|---|---| ||28/02/2022|added|growth|**28/02/2023**|**change**| |Schroders Charity Equity Fund A|£90,531|£10,000|£5,153.08|**£105,684**|£15,153| |M+G Investment Fund|£114,529|£0|£896.75|**£115,426**|£897| |CCLA Investment Fund|£228,370|£0|£1,270.61|**£229,640**|£1,271| |Current Barclays Bank Acct|£113,040|-£6,209|£0|**£106,832**|-£6,209| |PayPal Account|£323|£3,077|£0|**£3,400**|£3,077| |**Totals**|**£546,792.90**|**£6,868**|**£7,320**|**£560,982**|**£14,189**| Harry Birrell Scholarship Trust Ltd - Company No. 03319229 - Charity No. 1061330 Annual Report & Accounts, 28 February 2023 5 Indepvtht A•port loth• Tntsteej ￿ th• H•Try Wrrdl 5￿￿1•r$hIp71u$t Ltd I report to the trustees on rny è%•mlnJtlon ol th• Bcctsunti of the Harry Blfrell Schol3rshlp Trust Itd for the ￿ar ended 28 fetyruary 2023. RespttU¥• rttpDnslbllltles Ind b•Jli ol r•p A5 the Injstees ol the TnJ5t, you ère responslble Iof the prepafatlon of the accourt5 in ¢COTd•nce t*4llh ihe requlrements ol the Chafltles Act 20111.the Act"). You consider that In èudlt Is not requlred th15 ye•f under %￿tIon 144121 of the Act and that an independent ex•mln•iion 1$ needed. It Is my re5ponslblllty to.. • examlne the accounts under sectlon 145 01 the Act,. follow the appllcable dlie£tlon5 glven by the Chorlty Q)mrnlssion under settion 145lsllbl of th? Ad,. and state ¥thether partlcular rnatters corne to my attention. Ind•pffAenl Examlnels St•ternent I have tonwleted my emamlnation and confirm that no materlal rnatters have come to rny ttention in connertion wlth the exarnifiation giving me cause io believe that in any material actountin8 records were not kept in respect of the Trust as required by 5ertign 130 of theArt,' or 2. the attounts do not occord with those records. 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 older to enable a proper understand¢n8 of the accounts to be reached. Signed: Name.. aive Head FCMA CGMA Address= 9 The Green. Welwyn. Hertfordshire AL6 9EA Date.. 27 December 2023 Harry Birrell Scholarship Trust Ltd Company No. 03319229 - Charity No. 1061330 Annual Report & Accounts, 28 February 2023