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 29 February 2024
The Trustees present their report and the accounts for the period ended 29 February 2024
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 Edward Crossman Oliver Cook Elizabeth Currie
The Directors under the Companies Act were:
Stephen Sparrow Andrew La Trobe Deri Hughes Elizabeth Currie
Registered Office: 3 Stapleford Court, Sevenoaks, England, TN13 2LB
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, 29 February 2024
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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 29 February 2024 the Trust raised £14,764 through donations from individuals and friends of the Trust. We received £10,751 income from our investments, which also increased in value by £9,632. During the year we ran a special fund-raising event which generated £16,960 of income at a cost of £7,198.
We spent £21,386 funding educational scholarships for 15 students in South Africa. We spent a further £15 in administration costs.
In total our reserves increased from £560,981 to £584,490, an increase of 4%.
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, 29 February 2024
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Statement of Financial Activities for the 12-month period ended 29 February 2024
| Income and Expenditure | 29/02/2024 | 28/02/2023 |
|---|---|---|
| Incoming Resources | ||
| Charitable Trading | £0 | £0 |
| Donations and Gift Aid | £14,764 | £18,313 |
| Investment Income | £10,751 | £10,055 |
| Fund Raising Event(s) | £16,960 | £0 |
| Tax Recovered | £0 | £0 |
| Total Incoming Resources | £42,475 | £28,368 |
| Resources Expended | ||
| Bank Charges | £2 | £56 |
| Cost of goods sold | £7,198 | £0 |
| Funding Educational Scholarships | £21,386 | £21,432 |
| Management and Administration | £13 | £13 |
| FundraisingCosts | £0 | £0 |
| Total Resources Expended | £28,598 | £21,500 |
| Net + or - resources | £13,877 | £6,868 |
| Gains / Losses on Investments | £9,632 | £7,320 |
| Net movement in funds | £23,509 | £14,189 |
| Balance brought forward (year start) | £560,981 | £546,792 |
| Balance carried forward (year end) | £584,490 | £560,981 |
| Year-on-year growth | 4% | 3% |
Harry Birrell Scholarship Trust Ltd - Company No. 03319229 - Charity No. 1061330 Annual Report & Accounts, 29 February 2024
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Balance sheet at 29 February 2024
| Investments | Unrestricted | Unrestricted | Restricted | Endowment | Total Funds | Total Funds |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 29-Feb-24 | 28-Feb-23 | ||
| Schroders Charity Equity Fund A | £149,484 | £149,484 | £105,684 | |||
| M+G Investment Fund | £105,974 | £105,974 | £115,426 | |||
| CCLA Investment Fund | ~~r~~ | £215,407 | £39,518 ~~_~~ |
£254,925 | £229,640 | |
| Current Barclays Bank Acct | £70,610 | £70,610 | £106,832 | |||
| PayPal Account | £3,498 | £3,498 | £3,400 | |||
| Totals | £544,973 | £39,518 | £0 | £584,491 | £560,982 |
For the year ending 29 February 2024 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 – 30/11/2024
Signed, on behalf of the Directors,
Deri Hughes, Finance Director
Harry Birrell Scholarship Trust Ltd - Company No. 03319229 - Charity No. 1061330 Annual Report & Accounts, 29 February 2024
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Movement in Funds
| Value | Investment | Investment | Value | Valuation | |
|---|---|---|---|---|---|
| 28/02/2023 | added | growth | 29/02/2024 | change | |
| Schroders Charity Equity Fund A | £105,684 | £50,000 | -£6,200.27 | £149,484 | £43,800 |
| M+G Investment Fund | £115,426 | £0 | -£9,452.47 | £105,974 | -£9,452 |
| CCLA Investment Fund | £229,640 | £0 | £25,284.87 | £254,925 | £25,285 |
| Current Barclays Bank Acct | £106,832 | -£36,221 | £0 | £70,610 | -£36,221 |
| PayPal Account | £3,400 | £98 | £0 | £3,498 | £98 |
| Totals | £560,981.73 | £13,877 | £9,632 | £584,491 | £23,509 |
Harry Birrell Scholarship Trust Ltd - Company No. 03319229 - Charity No. 1061330 Annual Report & Accounts, 29 February 2024
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Independent Examiner’s Report
Harry Birrell Scholarship Trust Ltd - Company No. 03319229 - Charity No. 1061330 Annual Report & Accounts, 29 February 2024
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