Chwity n•mber: 1141948 The MGGS Development Trust Unaudited Trnstee5' report and IIDaneAal stAtements for tbe yur ended 31 MAreb 2024
Tht MGGS Development TrDrt CtsDteDts Refttence and adminiStlY¢ details of thc rhority. its TrpMte¢s *¥1 TnLSt¢¢8' r¢wrt Statement of fmanciaj arfivit Bal shc¢i NN¢s io th¢ fin•ti¢1
TIAe MGGS DevelopmeAt Tnmt Reference dmlntstrtfve detAll8 ofthe ¢brity, its Tnuttts aDd dvtse for tbe year ended 31 M4r¢b 2024 C. SiTD4 Chair E. Ji*d•n S. Taylor D. Stanley Chgrtty ¢eTtA bllmbor 1141948 PrfNdp ollk• M8idston¢ Sch) farfjirts Buckl1 Road M•idston¢ Kent ME16 OSF Aceounta UHY Hacker Yo Thames Hous¢ SittiTh8bournE ME104BJ Banke HSBC 115 Week Strtrt Maid8toDe ME14 IQW
The MGGS Developm Trnst Trust, report for the yur ended 31 Mh 2024 The Tnot¢¢$ pres¢n¢ th¢iiathn041 rewt * with the styt¢nxats of thc chty f(ff th¢ l April 2023 to 31 March 2024. At any one lime tbe truBtdeed stipuiares thue shcrtdd bea minimum of three trustcw a JDaxh¥nuth ofeven. The body of tN8ttt5 coryise8 up to ex-officio trte to three cwted tsu5e5. The m¢mbrTS arr wthised IQ APPOiDt llew rnmllb to fill v¥4ncics arising thTwgh resigDAtion OT duth of4n ¢]8 rn¢th, aTMI th¢ year Wb skills w¢)ukl benefit the charity. FAch ¢ trus1¢¢ hol& offi¢t fry x t¢¥w of Nttwblo by rtsaKvJintinenL The members at It two lirneg ytar. and tach matter ihAII be by a JimpleThiority of vot¢$ r>fth¢ tsustees p1¢1. In ch8e of¢qu4lity of ¥, the chiirttwi hLS & S¢tord vole. Akni. Objects Hhtory Th¢ obiee¢ive of The MGGS Dev¢lowni TnJ# 18 w fi4thi th¢ ¢4wtioll At M4ld6tts S¢hoo1 for fjirls. prIMLY. but Mi ex¢lusiv¢ty. by pmvii&08 Ind with pwovmim of lIdin •lld fllItieS th ochool. The MGGS DeveliwJth)l ThjStS In Mty 2011. becThe • ryeyed clMTiiy 17 M•y 2011. i• 8ov¢rn¢d by irs ¢hwitabk tn]st dccd dited 7 April 2011. The truse5 have h•d regud to the Kuithce by the awi.ty Co1%110n with Tel to publi¢ benefiL and believe thii r¢quircmcnl 18 mct tlrough thc hcjp suppw¢ wovidcd. dE¢llY and ityJiT¢¢tly, lo ¢hildr¢n 4ttd their farniliu. vrithout discTimiMtiim of •ny forni. D¢6Pi¢e ¢oD$¢nl deknys limitill8 fithisitil 11•¢• frooj •nd f¢und•tiw tbenew building, th¢ Ikv¢lopment TNst Offe IDTOI betn ible 10 wtsrk ort otber iniliativts this ye4r. Colllboyation with 6th forni studcD15 on communily events raisedboth Awartntss End funds. whL'ltr mirkeijiJ8 etrons fors¢h¢x>l incorne. Alwnni ¢n8ag¢m¢ni thrived, wiib a growing community d•¢abw volUn¢TS olTerJn8 caTe¢rs advice. A new Parents. FrieThh. WKI Alumni (Troup wa8 frmed un&r the wing of the DTO. fynd a prnt volunteer h&8 tsken re4>onsibdiry for the Po1[ pre-kved unifonn storc. Th¢ DTO also continued developing the COnlty plr0 and ¢wtomer Tel1(¥hIP Mls¢M¢nI $y51em, improw ¢0mmunition •nd $aviD8 time. FiMIIy SUPPOrt for 8x1¢5 of'A Wrf hu vrith the book ill wingwular. FlnAlldAI Revkw P•lky Inwrning rcwuT¢CS for the yw lotJllvJ £59523 frorn wcTrl Ind T¢l•trd Bifl ¥id ¢tsIn This li ¥ siBnificanl ott th¢ £37,424 rCly¢d in 2022.23, mjinly tp • off of £17500 Tryeived tn tbr yw. The onlycosts i1rred in the ywother the Q4.492 donati to MGGS were Professb)n fces •tyl bk chu8eB. Thc Sthtement of FIDan¢1 Activitiu On Pa8c S ord 5Dbwucth for th¢ ycar of £33.907. vrthicb has addcd to uwe8rri¢ted on the Bkn SIKet to r¢Ah iti of£215.7(KltyUYry forwvd to the n¢xt a¢tIng 0¢L FutsTe PIAM Thr IN51¢ ar¢ a5Si51ing with th¢ xh¢)01's Wtr¢Dt buildtn¥ woi¢d •nd facilitie¥ within it have dtsignatrd £151A of¢xistill8 T$ fvr this pw. They are plathiitis to raise &itiOl fimds in the cwrent aJMI firture ye4r8 conmbute iowRTds the thtal of £12m being providtA by the s¢h)ol.
The MGGS Development Trn Trustees, rqjort {¢onthiu¢d) for the ye4r eDded 31 M4r¢h 2024 The TruJi¢e5 arc rc8ponsibk for th¢ TTu51r¢s' 8nd th¢ fill•ncia] stslcmcnts ID with ar4)llble law Unlted Kingdom Actowitln8 Statsdarth (Utiited KinBd(xtt At£epted Attoutin8 Praditel. give a tDJe gnd fair view of the state of affai of the chuiry and of the incomi08 reyowe¢4 applic10 of reUrcH of Ghity for that F¢riod ID preparin8 these financial Si¢M¢n. the Tnee$ are rtquwtd to: sclect suitsble XCOUDting pjlicies aDd thcn appty them wnsimtly. observe the n)eihod8 8nd priTlpleS in the Chariti¢s SORP: jud8meDrs and accoun¢ing eileS th814Te Teasonable gDd pntht.. stllte wbether ¥plicBbie UK AccountjD8 Stsjthrds hvc beeTh followcd subjecl to •Dy mthriN] dyrtW¢s di¥losed Ittd explained in the f¥nancilll thments- pr¢paT¢ th¢ fmAnci•J 8¢ai¢Tn¢nts OD the b•81# unless il IB iD•prri to w#urD¢ th•t the Chlty will Continue in op¢ratiOn. The Ttrwte¢s ar¢ w#$ibk for k¢¢pin8 PYOP¢T ¥¢OUNill8 Ate wffi¢i¢nt to slbow ¢xplain tbe cb8TrtlJ traDsaclioN •rtd disclose with regsohable accw&cy It Y tim the fitt181 TA)6itioD ofthe charity And emble them to t4Jsure that the fblbwi¢j•I stst¢m¢nts comply Mth thc chan.iies Act 2011. the Cjwity {Accounts and Reports) Re8ulaiionJ 2CKJ8 and the pmviaions uf thc iru51 d¢¢d. Thty are Also resporL8ible for 8afeguudÉn8 th¢ a88Éts of the ¢lMrTty and hen¢t fortskin8 reuonable sw>s for the PTtvMtion•tsd d¢te¢tirn of frjud Ind rthcr irregularities. d by orderofthe of the bolrdof ThJ#eu •nd sioned4X theirb¢If by. C. SlrTrJ (Chair of Tnute¢$)
The MGGS Development Trn IDd¢pend¢nt ex•mitier'$ report for th¢ ytAr ended 31 Mr¢h 2024 Independeat ¢XAmlAtei rq>ort to the Treu •f The MGCS DptTr¥rtCthe rh•TIty I wort to the chality TDJ8ttts on ofthe of the ¢h•xity fith¢)Mahd¢4131 Much 2024. Act 2011 I'the 2011 Act). I r¢pon in r¢spe¢t of nw¢XaMiD of th¢ wri¢d 145 of tht 2011 A¢t attd caThying out my eXamition I have followed the applicabk Direaiow Biven by theCh•rity CommM¥lL ullder ¥e¢tion 145(5Xbl of the 2011 A¢t. Independent •x•ml•er's itaternent Your att•nlion li dTrwn to the f that thE ¢h¥ity Iw mxr•J the •¢c•yots in ledI with AttouDimg •nd R¢portsD8 by Charitie4'. Stst¢m¢nt of Rr£0Mmdcd PrKtic¢ Jppli¢Nbl¢ to Glwiri¢$ pr¢pAriD¥ the]rA¢ts in a¢¢(ffdtttttt the FitWL¢i•I Reporting St8ndard •ppli¢able ith th¢ UK •ttd R¢pybli¢ of Ir¢Jand (FRS I02} in to the AcwJntin8 8nd Rq]ng by Ch¥ritieA.' StthrnuJt of Recommtnded Prnciice issued l +4pril 2005 which ia referred w in the exwit re8viations but hu withdrawtt. l under5tsnd that thig bEen ¢kn in order for theBccowits • Inje and fair ViEW in I>[d Wbth th Generally Accotcd A¢couniinB Ipractice effective for r¢ponllb8 orifter l 2015. rAU¥¢ ro believ¢ thai in any ¢1141 w. Accountill8 re&)r& wue not kept in ttapxt of the cknity u required by se¢tiOD 130otthe 2011 A¢1; or the accotsfvts do rtot e0rd with thre r¢¢0. or th¢ ¢counts do nol lY with thp applib rtywir¢Ttthts co¢mIna the fomi and tthlleot of •ct¢Junts z¢t oul in i Chzrilirs {knwunts R¢pts) R¢gU]•tiOt 2008 oth¢r Dny rtqu1rllI tht acc(rtu give • Itue and faie view whi¢h nrt4 mAtt¢r coMid¢ttd As plrf of •n IDd¢Jerf ¢xKfimb"o I h4V¢ DO ¢Ots¢¢TW have ¢( 1r1 no othernMtt¢ts iti ¢(Ime¢ withlb¢ ¢woinl9 whi¢b atte)n 8houJd b¢ drawD in ¢hi• rep)rt iti order 10 ¢Mbl¢ * proper of the ¢£ ty be M¢hed This report is mJt 801ely to the charitys Tnw as 4 body. in a¢ with Part4 of th¢ Cbwyiie8 (Ac£18 Rqrf$) Rcgulalions 2008. My work Iw been urhjthaken so th4t I might stst¢ to the chllTitys Tnjstecs those mottcrs l um rcquiT¢d io state to thrm in Jn ind¢FKnd¢nt ¢x4rnin¢r'5 TEWrt for no oth¢r PUTPtP5¢. To ¢b¢ fvll¢&t exicni PEtmiiid by lw. I do not w¢¢ept W 45$ume r¢Jponsibility IQ stsyw¢ o¢h¢r th¢ ¢Fwity th¢ cb¥ttys Tn4es ¥ * W. for WO w Iiy this rqrL Si8ll¢d.. 5 November 2024 AIIRh R. HiGkic BS¢ FCA UHY Hacker Young Ch•rt¢T¢d Accountants Roman S(w SittingbouEDe ME104BJ Page4
The MGGS Developmemt Trw Statement of flD2ntlal a¢tivities for tbt year ended 31 M#rrb 2024 T•tsl knidi 2•24 rolal fvnds 2023 2014 Nole IAtome from: Do]tiOnS wJd1¢8¥i¢# 59J23 59.523 37.424 59523 59.523 37.424 Expendtture •D: 25,616 25.616 26.892 To wi¢thdllTre 25,616 25.616 26,892 N¢t DV¢t l)) 33,Y)7 33, JO,532 Toial t)mds broughi forwArd N¢t movunenl in funth 181.793 33.7 181.793 33,907 171.201 10.532 Totsl fundi ¢thd forwArd 215.7(Kl 215.7C J81. 793 Th¢ Sthiemem of fitt8m¢ial utivitie8 i11t1 •ll ID the year. The note4 onpDK¢s 7 11 fonnpirt oftt*s¢ finwKi81 •tyt¢m¢th.
The MGGS Deyelopthent Tnmt B*laTre¢ shttt
i at 31 March 2•24
2023 Cwrrat auets I.iM8 215.6n 1,896 180.882 Cash at bokat)d in 216.720 182.778 Cffdiiorn: Jllowits T17$ withip on¢ y¢•r (1.020) (985) Not rreNt M¢ts 215,71XI 181.793 Totsl n¢t #M¢ti 215.7fy) 181,793 Cbarfty fundi R¢stri¢t¢d funds Unrejthded fundo 215.700 l&J,793 Tots] 215,71XI 1&1.793 C. Slll (Chair of Thtres) Dale.. Th¢ ty)te4 on pgt8 7 10 11 fornipmof thu¢ fin11 4tuncllts.
The MGGS Development Trt Notes to the fiDncial Stattnllts lor the y¢Ar ¢nded 31 Mareh 2024 G¢rt¢r•i Infonb Th¢ MGGS D¢y¢kot T1 is Oll L4wity, regis110 mttDber 1141948. The charity OP¢TJt¢$ from its Principl office at MaIdC[sI sd07 fw Girjs. Bk]I1 Road Mildsto KenL ME16 (6F. Ae¢ouDthii politits 2.1 •fprepthll•D rfllnucknl The finArKiwl st•t¢ttot• have in cth)rkn with the awitics SORP (FRS 102) . Accounting Rcporting by ChpTilio.. Statemeni of ReCollu£4 Prxtice applicabk to ¢twiii¢S prepariDg their accwots in nord0[¢ with the Fintt¢i#l Reporting Sthnd¥rd applieabl¢ in the UK Rwbli¢ of lrtlyJ (FRS 102) {¢fftctive l January 2019), th¢ Ftiw¢i81 Reporting StaDdurd wpliMbk in the UK and Republi¢ of I14nd (FRS 102) Artd th¢ Choritiu A¢1 2011. Th¢ itstementB knv¢ been wepored to give 8 aDd f4i¢ view aDd have depwLe41 from Ihc Ch•riti¢s (A£couDts aod Reports) Regulatio 2008 to the exlcDt qUired to Prowde a 'ttue and view. Thig d¢prNr¢ has involved followinB the c'tieS SORP (FRS 1021 publishcd in (kt01r 2019 r•ibeT thatb th¢ Acc(lIng R¢porting by swe[ Prxl%e ¢ff<di¥¢ frtxn l Apn"125 which iilKe been withth•wn. The MGGS tkvcknpwit Tnjll mects th¢ dcfitiilion (Jf & b]I¢ benefil cntity FRS 102. AsKts and liabiliti initially rccolS¢d 41 hisiwical cost or tr4¢1•0 ¥41u¢ wJ]ess otherwis¢ al¢d in th¢ r¢levani •¢¢owitill6 policy. Th¢ Inle¢S assess wthrIhc use of goin8 concern IJ 4pwopri•l¢ i.¢. wbelher there art Y rAterial une¢rt•inlles r¢i8tpl to eveDts or conthiiom that m•y ¢4St iip)ific8nt doubt on the •biiry of th¢ charity 10 WDtinue S SOjDg wi¢ern. Tbe trle¢S make this assesmth in Itiwt of • PUiL¥I of •t krt QDe ye4r fr( the dats of •wbwis•tiott for i8Jue of the firJan¢ial sl•tcmcTJts. Du¢ lo th of the cbarirrfi rtivitics. Ittd with nbmt •sK¢8 held u c4th. th¢ chrity li Iv8¢ly prntect¢d from riok d by ¢xiernAi f10[& Th¢ truytees have ¢on¢1je4 th•t the Charityh A&qu•t¢ reoouffN lo contiDut in owational ex19t¢t for th¢ foreseeable fijture 4nd th¢r¢ •tt M W0rial uert•Intiu the charitys ability to toiitinue 98 a goin8 cwcern. and thus they continue lo ¥dopt the 80in8conc¢rn b•si5 of •¢¢owntiD$ in prtpum8 the fiD8n¢i41 Statements. All incDTnt IÈ rt¢08nis¢d oncc the clwity has entitlement to th¢ illty)mr, it is probAbk that thv inctime will be re¢¢ived &nd the of Inco rce¢ivble ¢4nbe txasurtd reliably. In¢LMYAe tax t0Ve1k in to doD8tions 1ved under Gill Aid w dcds of ¢oveMnt li reco1 81 the timt of thc donatio L4 pendIture EXNitIre io ther¢ ii * k8al or coll11n¥¢ oNiBzti(Jrt to trre1 ecotb)lluG kellefit to a thirdplny. it is pmbable Ihat a traosfrr of benefits will be r4uued io tti¢meDt •rMI th¢ Inullt of th¢ obli8ation can bc me4swed re]iab]y. ExpcDdi¢uT¢ ¢)TL chtritsble ac¢ivilics 15 on dire¢dy the VIll¢S which furth¢r the ChBri5 0bje4ive well 08 Y L8s0¢ialed swrt (¥Mts. Ail exr*nditurc is I1]vE of ittec4Thtk VAT. P4F7
The MGGS DevelDpmeut Tr•8t to the financlal jtstements for the yer eDd¢d 31 March 21124 2.5 FINchI The clwkty onty h88 frclaI assets and rm81 liabilities of a that quab'fy 48 b1¢ finan¢i#l instnynents. Basi¢ the txception of baDk vAu"¢th art at usin8 th¢ efftive int¢Mt m¢thod. 2.6 Fvmd ttoiMtIA¢ GeD¢r41 fvlldl •T¢ uts1¢1 fimds which u¢ mil•bl¢ for w¢ * th¢ of the TTuthM Tn furthcTWWX of ih¢ 8en¢ral obimivt4 ofthcclwity aod bav¢ Thx bern &si8Md for othu purpo¥s. Totol f•Dd• 2024 2024 2Q23 Don•ti008 iDcludiD8 pft aid 59,523 59.523 37,424 Toial 2023 byfvmd 37,424 57,424 Ayllyth of expelldlture oll ¢h•ritsble adlvltl by type Total 2024 Torrtl 2023 2024 AdvAn¢e edu¢]1[5bkn)11 MGGS 25,616 25.616 20.2 ror414DolyJts2023 byfv 26,892 26.892
The MGGS Developmettt Trn Notu to the statements for tbe year ellded 31 Mah 2024 Analyth of expeDdltsre by atthlllu Totsl fllndi 1024 Tolal fvmds 2023 2024 2•Z4 24,492 1,124 25,616 26,892 AnolyJis of2023 lotal 25.774 26.892 •f swpport ¢0 edueado• gf
t¥de•ts At
MGGS 2024 Tot•1 lldi 2•24 Tot41 3023 1.020 104 985 ljank charges 133 1.124 1,124 1,118 AnÈ71yw of2023 10th1 i.iJ8 I,lJ8 Durin8 tF yetr. ntrTnstets Ytteived Dy reIlluticQ or othcrbcncfits Q023. £NJL). rkninB the y¢cndd 31 Mrch 2024. oo Tnutee expe hbvcbeen I[¢d Q023. £NILI. Debton 21124 2023 Recov¢rnbleGift Aid 1,890
The MGGS DevdopnwrtTnMt Notes to the finalld•l s¢ateme•ts for the ye4r ended 31 March 2024 Credithn: Amounts hultti dtyewfrthkn oxe yo 2024 2023 1.020 985 StlenDt of ststemewt •1 fuJth- tDrruJtyur B•l•nce at I Aprll 1023 TrAnifers Inlout Bxl#Dee at31 Mar¢h 2024 Exwdltvt D¢sl8n•trd f#J Schuol buildin8 project MGGS Old Girl8 So¢iery TraDsf¢r 150.rAo 150,IXKI 4JLXI 150.1)O 4.500 154.5(Kl GeDeri fun ¢3¢Thw•l Futtd4 31.793 59.523 (25.616) 14,SOOI 61,200 Total UMrt4trkled fumth 181,793 59,523 125,616) 215,71)0 The SCIL1 buildin8 projett il A desi8Mttd fund to for unlE full& 8¢t uide Ma?dqlone Gramm•r SctLooI for Girls. curren¢ bui]diDB woix( whi¢b the ThJ# li #i¥tithg A 11th £30k be¢D tron8feneA ints th¢ fiJnd in th¢ GUTra)t 2024125 YUT. The MGGS Old Girl• Society TraNftt wa8 ¢reated durift8 the )w. It ti i du141 fund io bc ued for an annual h0o1 prize and st%MLoyship ofa ¢ia8srwm in the new 1]d. Thc Old Gir Sociw (OGSI aMalgted with the lh¢ Development Tnjst during the yw Ind a pay1 of £4.51K) w9 m¥J¢ r¢pr¢5Mtsng •pwrKn¢ on •cwunt from the old OGS bank onI. A smwll Tf5idual t41aC will br trferr th¢ a(mt 1$ clo. PA¥t¢meAt of funds"PTI•Ty¢•r l Apri12022 Inconx £yn&'affe thlokr 31 Jlarch 2fl23 Unrethltttd fvTh DeslgD*ttd fundi hool buildin4 proiett J50.( 150,000 Pwlo
The MGGS D¢veknpmtllt Thut Notes to tbe tlnanelal ststements for the Ye eDded 31 M*rth 2024 Ststemwt of hndi (t•mthi¥ed) G¢n¢rAI 17J.261 37.424 6.892) (150.MO) 31.793 Tot•1 U•rutrl¢l¢d J71.261 37,424 0.892) 181,793 I& Alyth •fll¢t betwttn Unrefftltted Ddi 2•24 Totsl funds 2014 216.720 11,0201 211720 11,0201 Creditors du¢ within on¢ > 215,71J) 215.700 Unr¢flritted fvnds 2023 Totsl fvnds 2023 182. 778 (985J 182.778 ¢985) Cr¢ditth¥ within on¢ y¢ Totsl 181, 795 181,7P3 ii. DyTingth¢ y¢•r th)natiloliS £24.492 (2023: £25.7741 ¢ roth Lo M•id$ Gra[D SclM)ol for Girls.