2023-03-31-accounts

Charity Jbumber: 1141948 The MGGS Development Trust Unaudited Trustees. report And Ilnanclal $tatem¢nts for the yur ended 31 March 2023

The MGGS D¢velfjpment Tn￿t Contebts RefcreTL¢¢ thinistrative dttails of the cknty. itsTnL#ees Attd Tnutees. r¢wt St8temtht of fin￿￿141 activities Blllanct she Notr5 to thr finvjciai ststeracats

The MGGS DevelopnKnt Trn8¢ Reference ind adn￿nI￿at￿Ye detalkn of the thvity. its Trusttts And dvisuT for the yer ended 31 March 21123 Tr¥¥¢e¥ J.W. Firthy lrni8fi&J 28 Septrmber2022} L. HoEne E.Jo S. Tayl￿(al￿mIe1123 Nov¢ttthr 2022) C. Sim5. (air D. Stanley Turnhm r¢tered 1)41948 PrlD•l •fflre B ￿kI￿nd Ro ME160SF A¢eountADts UHY H¥kiY Yow sittingb￿rne Kent ME104BJ Dkeri HSBC IIS Week st￿ m•itht￿¢ ME14 IQW

The MGGS DeveloP￿e￿ Tr￿t Trustees, report for the y¢•r ended 31 March 2023 The Y￿Ste￿ pr¢nt their r¢pon 108ethtt with the fill￿￿111 st•taneDts of thr cknity th¢ l April 2022 to 31 Marth 2023. Al any one time the trJsldeed stjykn there sknuld bc oftht¢¢ with ofscvA Th¢ oftrustCe5 ¢OmPriS￿ UP io four ex-offi¢io IDJsiees up to thrtt Tr ty4bb¢rs aY¢ ￿th￿iSed to Jw memb2TS to fill va¢En¢ics arisiDg through resi8D4tiOD ￿ death of an ￿]•1￿8 m¢tt)Ftr. and alK¥ to ¢044x membets thrr•Jgboul the yeArwhosc skn'll5 would bcllcfii the chwity. Each tr￿e¢ holth r0rrtgp￿tlwe termi of onc year. two years tlrtt ycw5. bjt th¢y art pern)irtedto be re4kkJs offi¢e for * lemi of y¢ar4 Tenewable by T¢4ppoinim¢nL The members me¢t ￿ l¢asi iwo lift￿ exh ytsy. each rnitttr sh•ll be det¢rnuned by a iimpk mwority ofvotes of th¢ ptt4¢llt. In CaBe of equality of Vol￿ th¢ ¢b•irDllnlw a second or ¢aiiin8 YOt¢. Aln4 Objttts alld Eljtory The obj¢¢¢iv¢ of Thp MGGS Dev¢lopm¢nt TNst is to fiJrthi8e to Jvance the ed￿￿10n of studen¢s #t Maid￿One GTanllr￿r for Girls. primarily. I￿t not ¢xclusiv¢]y. by sovidin8 )d 4SSUliD8 with wovision ofbui]dings 4nd (N¢ililieA at the school. The MGGS Trvelopm¢nt Thw fwrA¢4 in Moy 2011. bx•rnE • ￿ZI￿r￿dd￿ity on 17 Miy 2011, alld li govwn¢d by its chariiable trust deed dated 7 April 2011. Tht tru8tees have had rcRaTd io thc guidance by the c￿￿TIty CThnrni88ion wtth re8Ard ￿ pthlic bencfiL 4nd believe this r¢quimllent li rDe¢ tbTDU8h the I￿P du W i1￿1￿￿Y. to ¢bildten •Dd their fnilio without discrimina¢i of any foym. Arhltvt4n•llts And PerfornMDce Tht fun¢b4i8ing WO￿ ofThe MGGS tkvelopmwt T￿L￿ been due to the detsy in Pl￿nIng F¢rniS5iOrt for our ncw building. The DTO h•5 bccn Working clos¢ly with 6th foTm It￿Ents to arrth8e Comm￿rtY events and incre#¢ Jw¥rtne3s of the work of the tru 8nd this been $u¢¢essfiJl. The DTO'8 w￿k with h•$ wjiinued duTiDX this year. with the Dumberj subxribcd to th¢ community d•tsh5¢ roniinuin8 to itwtw * lr8e mut)b2r of alullmi off¢rin8 lo volwitecr car¢m adwce to current S¢udMt$. Th¢ DTO h88 COtitinu¢d k) dev¢lffjJ the ntr commuhity platfo￿ ¢usromer rtlatioNh￿ mAM8¢meni Iy8tem.Thi8 is used to communicate with our supwtv8 ¥ well hwulle event tyd th)MtioM. Tr DTO h¥ coDtuMKd to support the sales ofA Schoolgirl's War. FImThd￿ Revkw and Ruervo• Polky In¢omin8 resow¢es for the year £37.424 from domtiwaftd rel%￿ 8ift #id cllima. Thi• 15 1 5iw'fi¢4nf de¢teMe (m th¢ £WJ34 r￿tived in 2021-22, Thinly thc to • on¢ off (k¥wtion of £40.(KKI r¢c¢iwJ in thc pnor ymr. The only costs m th¢y¢ar th•0 lh¢ QS.774 MGGS wuc profe55ioNI fe¢8 Iftd bank ¢lw. The StAtement of Financial A￿1vIlL¢S on paBe 5 and 5ubyeqwnt￿￿s rrY¢akd L yJrp]u5 forth¢ yo of £10.532. whi¢hwas taken lo 41Df¢stri¢￿1 fuDd% on Ihe B￿an¢t SheeL lllls left fiu¥J5 of £181.793 to cany fvwTdto the accoullting The tru4vs 4re a85i5tingwith thE bwikbti8w¥jed afyj fxi]itse4 withtn it alld bave 4￿c¢d to dcsi8n* £150k of ex￿1￿8 ful￿ ftrthi5 PUTFK>JC. Try Pl￿1]ng ￿ rnis¢ fijnth in thecuftent future years to thitribute towfirds th¢ tots] of £1.2m beJnRPTovid¢d by the 8¢hool.

The MGGS Develtspmtht Trnst Trostees, report (eontknued) (or the year ended 31 Marth 2023 Trlliteul ReymAlbllltltt Stste•ent The Tn￿ee￿ are ￿spo￿s1b1e forryins tbe Tn￿teel. Tel￿ th¢ fillanci￿ siaten)eThts in ￿cOr￿¢ v4rth wlicabk law and Uttiled Kingdom Ac£ow]tin% Stsndart8 {UThited Kin8&)m Genernlty Ac¢wed A¢¢ouNing Practice). The law appli¢abk to cbwrtiu in FLgluhd & W•ks trquurs th¢Tnww to ryepAre sta1th￿ts for ¢4ch financi•J Ye￿ wthi¢ give 8 InK ond fair view of the 5tste of aff8irs of the chAn'ty ¥nd of th¢ incorri￿ rewurtts of rtsour¢u of th¢ ¢htirity for that ￿riod. ID prepanng thcsc &al¢m¢n￿ th¢ Trusteth ￿e wirrA tp: l¢cl 5uilable ar￿unting p>li¢ies appty them consithtly observc thc mcthots Ind PTincipk5 in thc Clwiliu SORP: make j￿gMents aceLwJnting cstimS thii Ire TEagonthle 8Th1]Ku&Tht.' gtstc whether •pplic•bic UK Ar¢wDtin8 bvc followcd. tO4Dy mltyiai dep￿¢1 dI￿10th1 and explained in the finJnvi•l ¥l•tm¢t8'. prepare the fill￿¢11 Jts¢emthi$ ￿ the 80in8 ¢ottern knis unlcts it 1$ iwrniate wpJ¢wrne that th¢ ¢knity will continu¢ ui operltiott. Th¢ ar¢ rNponsibk fw kvpuw th•t •Tr ouffi¢ienrto cxp]•iti th¢ chalityi traD6•clions attd disclose with reasonable accur8¢y at any time the fi￿￿1&1 FW)sitith of the Cknity enable them to ensiir¢ that the finarKi&l #t*rn¢nts crjmply with Ihe Clwities Act 2011. the ckn.ty {A¢cowNs R¢ptttsl Regul￿10￿5 2W8 4Dd the provisions of the trusl deul. They are also ¥e5ponsible for 8llfegu4rdin8 the of the ¢harity Ind hence for thking rcowThth¢ Stcps forthe preventioa Ind d¢t¢¢tion ol fraud and other irrc8ularitiu. Approv￿ by trderofthe membeTh ofthe lxjl￿ of 8nd swdon thcir kknlf by: C. Slms ICh8iT of Tn￿¢£1) £1. 1<>. 10

The MGGS DevelopM￿t Tru8t Independent exaDthi¢r'i r¢pTrrt for the year emded 31 M4r¢h 2023 l￿d¢p¢￿dejt eumkner'i repjrt tolhe Thutets ofThe MGGS Develop￿tTr￿tethertinB pewiryJ5 lryinniDg on Jlkr l j￿￿Y 2Ql5. I have complet¢4 my l ¢th th•1 mth¢r8 h•v¢¢ome lo my attention io W￿1]0￿ with the examinatkm givin8 to believe tbat io aDy m&teri21 T¢Jp¢u.' 4¢¢0untiDq recorth were not ky in res￿ of the charitym Tequred by 130 of the 2011 Art,. or tht accounts do not Accord with tlk)Re Ytcordl; or the actrxmts do not (y)mpty with tht appliE•bl¢ the fomi and c•ntenE of •ccounts %t in I Chon'lie# (Accounts Re[￿￿ts) Rrguhtion> 2008 other than Any r4uiremeai thF xcounts Biv¢ a'truE and vicw which ij not a m•ner ¢onsidettd Is of ￿ Jnd¢pMd¢nt ¢xImm￿"0rn I have no wn¢¢rn8 and h•v¢¢ome a¢nw tso thtt)tten in ¢onllrf￿ with Ib¢ exffjiiDwn to vJhi¢ts Attention Sh￿￿d be drown in thi• This repon is made solely to the charity's as a l￿dy. in •C¢Ordw￿ with Part 4 of the chariti￿ IA¢¢¢wits •ttd Reports) Re8lllations 2008. My work been undertaken so th)t I might 5¢4t¢ lo the Ch￿tys Trusttts I Im rty4llAred lo slatc tothc in aTJ indEpEnd¢nt rwninw's Trport •nd for￿ pwpJs¢. To th¢ full¢st exkni p¢rniitt¢d by Iww. I thi llo(8ccepl orassullje respunsibibty 10 &ttyo0¢ otrrtr ¢hw th¢ ¢h￿lty •thd th¢ • bcKty. (ormy w¢Yk ty for thi reporL Sigried.. De&. l November 2023 AIIAll R. HiGkio Bsc FCA IJHY Hacker YoDg Sittitigbo ME104BJ

The MGGS Developmellt Trn StatrweDt of fill4n¢il a¢tlvlti¢s for tbe year ended 31 March 202J rotal fynds 2022 2023 2023 DonatioD5 aDd iepcie4 37,424 37.424 90.354 T•)t•l 37.424 37,424 90.3J4 xPendI￿re ow: Charimbk Acti￿ti¢l 26,892 26.892 27,247 T•tl ¢xp¢ndltyn 26.892 26.892 27,247 Nel Jw¢n￿￿t In fuDds 10,532 10,532 63.107 Toisl brou8ht fom Nel mov¢nKnl in fiuJd8 171261 10.532 171.261 10,532 JO8,J54 63.107 Total tAnd¥ rarrkd torwrd 181,793 181,793 J71,26J Th¢ Siatemrtof fitttt¢iil athiviiieo Ind I￿¢8 ff¢o8nistyJ in th¢ yex. The notu on p4es 7 to I I ofttx fill*%1￿ stalanfflts.

The MGGS D¢velopmtnt Trn Balanee sheet Is t 31 March 2023 2022 N•1 Curr¢ot •M¢ts De￿0[5 5.790 J66,415 Ca8h li Wld in h￿d IBO.882 182.778 J72.21J CreditorB: Imoullts f•llit)B due within4)tt ye•r (985) (950) Net currtnt 181.793 171.26] Total 181.793 171,261 ChNTIty fands Rtilricted fiJttd5 Unr¢$tri¢ityJ fu 181,793 171,201 Toi•J fundi 181.793 171.261 C. Slmi (Chair of Tru¥tee81 Date.. L1. (G.2oz3 Th¢ llot¢s P8gcs 7 to 11 of thu¢ f￿￿1•1

The MGGS D¢veiopJn¢ut Trn Notes to the fiDanfi41 statements tor the year eDded 31 Mar¢b 2023 GEDeTrl knforllmtlo The MGGS Dryclopllth Tn¥t is an c11￿lty, T¢￿111￿tiOn nunth¢r 1141948. The ch￿lty operate8 from its princlp41 offici 4t M•idstme Sehool for GirJ4 BwklaDd Road M￿.d81￿e. Krt MEI6 OSF. A¢Mwnthii p•lkk¥ The ffinall¢i81 mt¢nxnts Ilave be￿ JD •¢t￿ld￿ with tbe Cl￿111¢5 SORP IFRS 1021 . Accounting &TKi Rwrtith8 by Charilies". S¢ateTrxnt of Rec{nn￿ Prn¢ii¢c ￿11¢1bk to cbarili¢s PT¢Fw¥n% th¢ir accounts in a¢¢orth¢e th the FinAn¢ial Reporting Star>dBTd appli¢•bl¢ iti the UK aThd Republic of Ireland IFRS 1021 l¢lYe¢tive l Jinu•ry 2019), th¢ Finallcial Sthdard •ppliubk in th¢ UK •d Rewblic of Ir¢land (FRS 102) the Act 2011. The MGGS DevelLyMth Trum nK¢ts the dthiiion of a ￿blIC bcDefit etitity w)dLY FRS 102. Asseii athd li•biliti¢i are initially re￿￿￿ed •{ hisioriul ¢ost or tr•nu¢tion v4iue unleas otheTWi# swe4 in r¢kv4ni •cc4MuJ¢inK policy. 2.2 Gokn8 wi¢ern Thc trus¢ffs ￿¢5$ whth ihr of¥vin8 con¢ern is 4propriai¢ i.e. whether Ihett are uThy m4t¢ri81 ￿¢ertaInl￿¢S reknd to ¢v¢nt$ or ¢onditions th￿rnaY ¢451 siwfiunl doubt on th¢ thility of the chuity ro continue #s 8 8oin8 concern. Thr trulers thi$ •$8¢swwt in r¢y of a wiod of at k￿ y¢•r fmm the d•te of iutlh)riMtion for issue of the Due to the Thatwe of the cl￿1￿# Xtiviti with amets held the clwity 1$ laryely prot¢¢d from riok poJ by external fa£tm. The I￿¥te¢S htve th¢r¢fort ¢M¢hthd th•t ¢harity has ￿eqU r•low￿ w ¢otttlDue in Lwltiottal ¢xlIt￿Ce for Ihe fore5e•¥ble futurt arhd thtte EM) m&teriAI ￿￿￿141n11￿ aknul ihE chxtity's Ability ¢0 conlinu¢ 1 8tiin8 cr)rKern. and Ihy5 Ihry ¢QDlinue lo adopl Ihe so1￿ concern buis of I¢¢0￿]n4 iti pr¢pthTill8 the fir￿1¢111 &thm￿ls. 2J In¢om¢ All In￿Me is reco8ll￿d o￿t the cjwity hbs Cnlitltmthi to the irKome. it 18prthbk th¢ irrforne will be tt¢eiv¢d and the amoum of i&come Teceivoble be Me￿ reliably. IncLKDe tax recoverable ill tel•lh(KL to dontitio￿ Ittelv￿ undcr Gift Aid w iJ¢¢4ts of coveDath i& re¢o8rrised it the tirne of the donatio 2A Exptsdlthr¢ Expenditure is rwnised once there is a k8a] OT trA￿n￿ve Obli￿110￿ to ¢Awftr benefil lo a third pwry, ii is prob8ble that a traThsfer of ¢¢oThotnic beneflls will be Tequittd in s¢ttl¢mcrf •nd the amount of the obligatiOJJ c£n be reliibty. Expe￿ILlUTe on chzTil•bt¢ xliviti¢5 15 itituned on diray th¢ activiticx vthi¢h fillther th¢ ¢bwity$ objeciive All ex￿d1(Ure li inc1wi￿ of irre¢overable VAT. 15 Flw•ntll IJ•trMiiients ThE ¢harity ￿lY h&% r]nathcial attd fthancial li•biliti¢5 of a kind that q￿]fy as basic fina￿]&7 irt8tnJments. Basic finwKi41 instrywts e iniliaily rwnised at tr￿)$*¢￿0￿ valu¢ attd ￿b8eqlleDt1y 41 th¢ir settlemeni value with

The MGGS Dtveknpnxxt Tr¥ Notes to the Ilntsell $tlemellts for tbe yer ended 31 Mrcb 2023 ActODDtln¥ pdldtx (e•ndD•td) 2.6 actouti G¢rral are unrestrictd whi¢h ate available for use ar tkn diauetion of the Trwste¢8 its fiwtherance of thc genffil obJ'eclive5 ofthc thrityTrJ which havc Tr)tbe¢ts d¢sipted forLxbertw. Dest8nated fijnds comprise whrethMed fiuth th•¢ hAve br¢n by th¢ Tnu4s forparticu18rp￿ses. The aim attd use of each designated fi￿d is srf ow ith the nows io th¢ fir•i•l $tst¢men Tot1 fun 2•23 Tolal 2023 2022 DuNtioN incluthn8 gift lid 37,424 37,424 90,354 Totslandtyits 2022 byfypd 90,554 0,354 Anili •f tharhabk tll Surnn￿ry by f•#d type UNr¢rtrltted fuD 2023 T•tl 2•23 2022 Adv￿¢¢ ed￿11￿ of JDJdents ￿ MGGS 26.1192 26,892 27.247 Totsl avalNts 2022 byf 27.247 27.247 Amalyth of expttsdltsre by ¢tivlO Aettvltl ••derl•ke T•tsi TOMI 2023 2023 2023 2022 Advance thAtion ofmdents •tMGGS 25,774 26.892 27.247 To¢ttl 2022 26.263 27.247

The MGGS Devdopm¢Dt for the ye*r ettdtd 31 Marth 2023 A￿ly￿ oftxp¢kndltsre by le••liDue A•llY￿ ofi¥pport ¢••ts Adwuce ethK•don of demts At Tot Totsl 202J 21123 2022 985 950 BAnk ¢h•r8¢0 133 133 34 984 Total 21122 984 984 TJv•toei' During th¢ yer. no Tntytees revived Iny renxmeTrtiOD or other bell¢6ty (2022. ￿￿. Dwin8 the yw ¢Dd¢d 31 M¥ch 2023. ￿ Th￿Ce expen￿h￿ b¢¢n in¢yrrvJ (2022. £NILJ. Debt•n 2023 2Q22 Recoverable Cnft Aid 1.896 5, 790 Credfton: AmouDts falllD¥dTewtthlB otse y¢•r 2•23 2022 A¢¢rn•h •nd deft¥r¢d iDC4Xt 985 950 ge9

The MGGS Development Trwst Notes to the fiDanciI statements ror the year eDded 31 Mreh 2023 ststemtwt of f¥nd Baknllce t I Aprll 2022 B•hne¢ •¢ 31 March 2023 omt Unrestrl¢ted hnd• Dt81￿1¢¢d S¢lM>ol buikiing 150.( 150,000 GeNer41 funth O¢n¢rai Fuods 171261 37.424 (26,8921 (150.0￿) 31,793 171261 37.424 126.892) 181,793 The S¢ho01 building woie¢i IJ a rKw &signthd fund ¢r¢41¢4 thirin8 the ywto set uid¢ £ISOk of ￿￿¢StrI¢*d towarth M4idsione GTanmW School for Girls CWTent building proje¢i, whi¢h the Tnw is L8si8rin8 Wrtb. StAtemeni •f prlory Balance J Aprll 2021 Balamcefjt E¥l￿dI1￿￿ Tranrf¢r$ In10￿ 31 March 2022 faDd• DUl￿ted f•ndi knol E￿IldIng ￿0ject Gener•1 General Funth 108.154 90,354 G7.247) 171,261 Total Unreltrleted J08.354 90.354 Q7.247) 171.261 Page io

The MCGS DeYel•pment Trn Notes to tht finaitial stalements ror the ycr eDdcd 31 Mr¢h 2023 io. AM]yth of •tt uets betveen ¢•rvenl year T•tl fuD 2023 20LI 181778 (9851 182,778 (985) T•tl 181,793 181,793 Anltyth ofnd •M¢li l)etwtt• f￿th. PThTye Ufirrstrlcied Total 2022 2022 Curnit 813¢ts 172,211 (9SOJ 172.211 (950) Crtditorn du¢withtti Totsl 171.261 J71,261 ij. Rtknted party tr•Ma¢ll•m• Duritt8 the Ye4rd(￿atiO￿ t(at]th8 £25,774 (2022: £262631 w¢rt to Fknidbtotte Gramnw S¢hwl tsGids.