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 ye*r 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 J*w 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 s*ovidin8 *)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 f*nilio 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 arr*th8e 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 * l*r8e 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 fvw*Tdto 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 cstim*S 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¢t*8'. prepare the fill￿¢1*1 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 sw*don 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.. D*e&. l November 2023 AIIAll R. HiGkio Bsc FCA IJHY Hacker YoD*g Sittitigbo ME104BJ The MGGS Developmellt Trn StatrweDt of fill4n¢i*l 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•t*l ¢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 torw*rd 181,793 181,793 J71,26J Th¢ Siatem*rtof fitt*tt¢iil athiviiieo Ind I￿¢8 ff¢o8nistyJ in th¢ yex. The notu on p4es 7 to I I oftt*x 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 rekn*d 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 po*J 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 &th*m￿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•ntl*l 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 Iln*tsel*l $t*lemellts for tbe ye*r ended 31 M*rcb 2023 ActODDtln¥ pdldtx (e•ndD•td) 2.6 actouti G¢r*ral are unrestrictd whi¢h ate available for use ar tkn diauetion of the Trwste¢8 its fiwtherance of thc genffil obJ'eclive5 ofthc thrity*TrJ which havc Tr)tbe¢ts d¢sipted forLxbertw. Dest8nated fijnds comprise whrethMed fiuth th•¢ hAve br¢n by th¢ Tnu*4s forparticu18rp￿ses. The aim attd use of each designated fi￿d is srf ow ith the nows io th¢ fir•*i•l $tst¢men Tot*1 fun 2•23 Tolal 2023 2022 DuNtioN incluthn8 gift lid 37,424 37,424 90,354 Totslandtyits 2022 byfypd 90,554 0,354 An*ili •f tharhabk *tll Surnn￿ry by f•#d type UNr¢rtrltted fuD 2023 T•t*l 2•23 2022 Adv￿¢¢ ed￿11￿ of JDJdents ￿ MGGS 26.1192 26,892 27.247 Totsl avalNts 2022 byf 27.247 27.247 Amalyth of expttsdltsre by *¢tivlO Aettvltl ••derl•ke T•tsi TOMI 2023 2023 2023 2022 Advance thAtion ofmdents •tMGGS 25,774 26.892 27.247 To¢ttl 2022 26.263 27.247 The MGGS Devdopm¢Dt for the ye*r ettdtd 31 Marth 2023 A￿ly￿ oftxp¢kndltsre by le••liDue A•llY￿ ofi¥pport ¢••ts Adwuce ethK•don of demts At Tot Totsl 202J 21123 2022 985 950 BAnk ¢h•r8¢0 133 133 34 984 Total 21122 984 984 TJv•toei' During th¢ yer. no Tntytees revived Iny renxmeTrtiOD or other bell¢6ty (2022. ￿￿. Dwin8 the yw ¢Dd¢d 31 M¥ch 2023. ￿ Th￿Ce expen￿h￿ b¢¢n in¢yrrvJ (2022. £NILJ. Debt•n 2023 2Q22 Recoverable Cnft Aid 1.896 5, 790 Credfton: AmouDts falllD¥dTewtthlB otse y¢•r 2•23 2022 A¢¢rn•h •nd deft¥r¢d iDC4Xt 985 950 ge9 The MGGS Development Trwst Notes to the fiDanci*I statements ror the year eDded 31 M*reh 2023 ststemtwt of f¥nd* Baknllce *t I Aprll 2022 B•hne¢ •¢ 31 March 2023 omt Unrestrl¢ted hnd• Dt81￿1¢¢d S¢lM>ol buikiing 150.( 150,000 GeNer41 funth O¢n¢rai Fuods 171261 37.424 (26,8921 (150.0￿) 31,793 171261 37.424 126.892) 181,793 The S¢ho01 building woie¢i IJ a rKw &signthd fund ¢r¢41¢4 thirin8 the ywto set uid¢ £ISOk of ￿￿¢StrI¢*d towarth M4idsione GTanmW School for Girls CWTent building proje¢i, whi¢h the Tnw is L8si8rin8 Wrtb. StAtemeni •f prlory Balance J Aprll 2021 Balamcefjt E¥l￿dI1￿￿ Tranrf¢r$ 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 yc*r eDdcd 31 M*r¢h 2023 io. AM]yth of •tt *uets betveen ¢•rvenl year T•t*l fuD 2023 20LI 181778 (9851 182,778 (985) T•t*l 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.