Cblrlty number. 1141948 The MGGS Development Trust Unudlted Trustees, Report aDd FlnAnclAI StAtements For the Yer Ended 31 March 2025
The MGGS Dèvelopment Trust Colllents Stsiement of Financial Activiti B8latKe Sb¢ Notes lo th¢ Fin8nciil Stht¢m¢#ts
The MGGS Development TTh8t R¢f¢ren¢e #Id AdlmItiVe D¢tils of the Cknrity. iti Trustee4 and Advin For the Y¢#r Ended 31 March 2025 C. Sims, (lair L Hortte E. Joydan S. Taylor D. StsDI Cbartty n¥red 1141948 Prthelp offlee M8id$toD¢ fjTat Sclwl forGiA8 Bucklaud R(1 ME160SF ActotI* UHY Hxker Yow Siltin8lxwn¢ ME104BJ HSBC 115 Wttk Str¥t Maithtone ME14 IQW Pag¢ J
The MGGS Development Trt TTY$t¢¢•' Report For the YUT Thd 31 Mw¢b 2025 ThE Trus thcir T¢PQrt togctswith the stsm¢thoftkchNTity I A]mi 2024 to 31 MArch 2025. At any tim¢ tbc tn deed sWie8 tb¢re 8knuid b¢ • millinw of Ibr¢¢ with a maximumof 5eveo. Thebody of rrptst¢ would E¢ncfit the cknrity. rn¢mb¢T5 mcrt Dt Icasi two times e•ch ye•r uch Mat be ¢jeteribY i ofvot¢s of the trusleeB preL In of ¢4lity of vott4 the ¢hirnwi • IOnd rff ¢•#in8 vot Alw Objttts and Hlrtory Th¢ objective of The MGGS DeVeloent Thirt is to fundrn.se to adv the edKAtion of ldents M•idttotte QTAmw S¢bool for GiT15i primarily. but no¢ tl1ve. by providing with provisirA of and fxilitici 41 the Achool. The MGGS Develiweni fomJ ity M#y 2011. beam¢ • f¢8iÈtwtil ¢h•rity4)tt 17 MAY 2011. ard is 8ovend by its clwithbic tnjii Iked d&ted 7 April 2011. The truses hve Te8hTd to 8uidre iwdby awity CommÉMioTh with rt8Ard kn wblic beThefi[ and belicvc this requiremenl 18 the 7P wjpwt provided dyxtty and illdirttty. to cbildren Dd th¢Irf]lIts, withoui di•¢riminaiioD Athkv¢Thxts And P¢rf•YwK¢ co11n be84n LYI ollr newbuildin8 in Septth2024 thE Lkveltyment TnOffic¢ (DTO) ba8becn •bl¢ lo work on ipplic8tions •nd the preparation of 8 frKused fuThthisiiiK campaign tknt will tske plxe in the 25126 finan¢iaJ yw. Collaboration with 6t fortn Sludents OD wrnrnunily evenlg lo wai#e both lIent$S and fw¥Js n11Thed. u h•v¢ mwk¢tiTh8 tTO for school wfortnance to incorne. AlumDL enB•gemcnt contiDurs w th1]. with • 8rowiDg r¢JllllDity dItsbC JDd volunieets otT¢rin8 valuable fimher edu¢otion #ttd ¢tern idvi¢¢. The PTt-loved Unifo St to b¢ popuE•T. iwh rnisirt8 motw for the Trusi at)d 8Bving money for MGGS families. The DTO 4180 Gontinll drI7& th¢ r(wrllMthity plarforn) •nd¢u6tomer ttiationship monagement rystern. improvill8 WDYrtUDi¢4twn r#l uvJD8 tim¢. Fwlly. SUFfWt fly s• of'A I's bu Conlledlth thp book otill provti popullr. Rtvltw Ittd Rutrvs P•lky IDcominB t¢SOUT$ for thc yw ththiled £39.( gener81 &)Dati and rctsted gift I¢1•1M8. Whilst this Tepr¢nts • rrduciioth on incornc of £58.443 rcttived ID 202>24. thc year ilded A one-off sSJDatioD of£17JOO. The otyiy ¥(8 iti the yr othcr thall th¢ £353(d{li w MGGS weft Kft8•1ty f¢u bank chaT8e& The Slatemetsl of Firn¢1 Artivitie4 on pa8e S and pa8eÈ teve•kn a wlus for the year of £2.483. which be add] to thre5trided fijnds £fL the B8larKe Sheet to resuli in fuDdq of£2l8.183 to ¢any forward kn the next accoUti period. Fmtsre n The trlee5 are usiJting with the scknl'8 ¢wreni IvJildin8 Project fxilitie5 withtn it aThJknve &5iw*d £18& of ¢xistin8 ffiJLds for this puryoK. T1Ky ar¢ pl•DM. lo rai% •ddilIon fi¥j5 in th¢ and fUtsr yNrs to wntribute the totsl of £l.2m beingprovi&d by the sctrAKTrI.
The MCGS Development Trust Trn$tets' Report (continued) For the Year Ended 31 March 2025 Kingdom Accow)tinB Stsndarth (Uniled Kift8 Ikncrnlly Ac¢ewd AcKrtmtin8 Pradi¢¢). giv¢ ) trut and fair view of th¢ SWI¢ of affairs of th¢ chmry •rKI of th¢ irKomitigY¢0ow 4wliutirn of r¢WUr orth¢ ¢hority for that P¢ri(Kl. In th¢ fHrial 51at¢TtKnts. th¢ at¢ r¢quiTrd to: itable attoutttiA8 p)litiei nd thttt M)ty thtm cotiÉIrt. ob5crvc tbr m¢th(Kls ar¥1 prinrip1¢5 in thc Chwiti¢5 SORP; make ]1¢1$ x¢ouMiti8 that •r¢ re•M4ble pr1.. stsie whether Ipptitsble UK A¢¢wntin8 StndaTth hve btert followtyj. Abject to t)y ter1 depwttrcs diwloKd and expiait)td in the financial itst¢mmt8.' prepare the financial Sulements on the 8oiD8 b••is it li inwwle to thltthe chlty 11 ¢OlDut in opmtion. The Truste are rtJPOn8ible fw keepEng Fyopu acc Tr<[d5 th•t aTe ¢1¢ to 51LOW •Dd ¢xpl•in the ¢harityfj lrnosAciioJu And dwlose with rcbsoDabl¢ ccurncy •1 aDy iifne the fill¢1 position of the ¢hwity •nd ellble them to ¢n$ur¢ thit the financial statements ¢omply with thc Lh4Titic• Act 2011, the CThwity IAwJunt$ •nd R¢)¥} R¢guJ4tion$ 21KIS Jnd the provi$ion$ of the Irllst deed. They are •Iso T¢swi$ibl¢ lor s•f¢guditig of the clwTi¢y •tyJ h* fw thkio¥r¢•wM¥bl¢ #¢ps fwth¢ prevention and detection of hud •nd other irr¢gui•Titi¢s. v¢d by OYd¢r ofthe roembern of th¢ bowd gf si8n¢doTh their bebalf by.. c.si {Chair of Thtee8} Datc..
The MGGS Dtveltspmemt Thmt
Independent Ex#nther'¥ Reptsrt
For the Year Ended 31 Mareh 2025
ldowdent BxwMINer'i Rewrt ¢•th¢ •f The MGGS D¢vdopwwtTr•rtflbe ¢b•rlV)
I rryrt to the charity Tnutees On jtry¢z•miD• ofth¢ of the chty forthe )wended 31 Mtr¢b 2025.
Rewwlbllllkl Bath ofRtport
Act 2011 nhe 2011 Aary.
I report in rewt ofmy exbmiDlltiLm of 145 ofthE 2011 Ad •nd in ¢wi08 out my
exjminution I followcd the •MJlic•ble DiTeaiLMY Bivenby thc at•rity C
The MGGS DevelDpmeDt Trnlt Stslement of financial F•r the ye EDd¢d 31 March 2025 Total fuDd• 2025 Toffal 2025 2024 Nfjt¢ DonNtioJh5 and legaciel 39.006 39,6 59,523 TotAI Inton)¢ 39.ths 39.1 59,523 ExpMdltUTe o•: Chan'table actlVLties 36J23 36.523 25.010 36J23 36.523 25.016 1483 2,483 33,907 Ret•ntlllttoD of fvnds: Tolal funds bT(YJ8hi forWd N¢t movemfflt in funth 215.7(Kl 215.71KI 2.483 18J.793 33.9Q7 Totttl fund ¢rrled forwxrd 218.183 218.183 2JJ.7110 The S¢at¢m¢nl ofFin•nciJl Acliiliu gpinsand ID th¢yewr. Tr notes op pA8N 7 to 11 forni ptst of
The MGGS D¢vel•pmont Trust BalAnce Sheet As at 31 Mirch 2025 2025 2024 Cxrremt w•ets I,Q48 215.672 Cuh tyJ iti b•md 218242 219351 216,720 crrt ]l•bllhlH c11110[$.. munts f•th$ thwithitt th¢ yMr (1.068) (1,020) 218.183 215,700 Totsl 218.183 215,7QO Cb•rlty Restricted fut UnT¢8tri¢Trd fun 218.183 215,700 Totsl 218,183 215,700 cskn (Chair of Tru8tee8) The notes ott 7 to I I forn of thue
The MGGS D¢v¢lopm¢nt Tr¥•¢ Notu to the Fln#nelAI Stt¢nhe•ts For the Year Ended 31 Marcb 2025 General l•fonMd•D The MGGS Dev¢l(om¢ni Tnw is •n lti¢( ¢lb•fity, rtgi#rn¢ioJ) 1wts) 1141948. Th¢ op¢r8t¢$ from its Th¢ financia] 5tstsM knvc been p¢d in accoTd8nC¢ Wtth th¢ Ch•Tilies SORP (FRS 102) - AcwuniiTr8 llnd Reping by Cth4n'li¢s'. St•lcmcnt of Recomm¢nd PrnctKe applicknk tochoTilies prcpllrinB th¢ir <DUn1¥ in ar¢oTdan wiib th¢ FiDwiJl k¢wrting Standard aFglicable in the UK al Republic ofireknd ffRS 1021 {¢ffeclivc l JBDU4ry 2019}, th¢ FiMn¢iAi Rwith8 S¢th applic•bk in th¢ UK of Ir¢1w {PRS 1021 and th¢ Ch•nti¢i A¢t 2011. Tbe ftIal BtsthmeDts h8ve b¢¢0 to siv¢ * trje f•irf vi¢w •ttd knAV¢ dtyth¢d from the ChaTiiieB {AcCnIS and Retths} Regu]Alions 2tK18 ¢)llly to ¢xteDi r¢quir¢4 to pmvid¢ a atsl fAtV viw. This depgnure ]ws involved following the Cbuiiies SORP IFRS 1021 publisbed LD Octobtt 2019 rather the AccoununB and Reporting by ajarities.. Ststemeni of ReMmend Prrtic¢ etTe£u¥e from l Awil 25 whith hAS since been withdrawryl. MGGS r)evekyn¢nt Tn¢ meets Ihe defmition of A public benefii enlily under FRS 102. A8x¢s and liabilltieJ initially rrwiscd at hi31(Yical cost ortr•DsxIioJL TluC unles8 othcrwi% in the ttkvallt iccountiD8 policy. 2a GolAg ¢oAttrn Th¢ tswttt8 L98e$8 whetherthe use ofgoing r4ttrern is i.e. wtthth¢Te •Te Dy material witertintie8 r¢lite4 to ¢v¢nts w¢onditifMU t¢ u51 dwbi on th¢ 4bility of th¢ ch•rity io r¢)nlinue oy a 8oiri8 ¢ott¢¢rn. The trust¢¢s m8k¢ this inrtipert of• wiod of •t l¢•rt oDe y¢•r from the d•t¢ of Authoriwion for iMu¢ of th¢ fiDatitial SlAtem. Due to the Nture of the charityi xtIle. alld with 11 held the ¢huTity 18 IpIY PTole¢ted fr¢)m rilk Th¢ th$18 hve Ih¢reth con¢luded thlli the ¢lwity h•$ adeqwk to ¢ontinue in oprntIOn ¢XiSf¢b)¢¢ for th¢ for¢seuble fvnr¢ Ind theR art no ma1•1 w¢111¢• thui the ¢bArity8 4biliry w coinUe u a $01 ¢on¢m. •nd they tootinue to athpt the 8oiti8 ¢ottcern bjsis of &ttouthtin8 iti preiyatiti8 the fitthtttiai ststements. All Ir¢(¢ ¥$ T1¥¢d iYKe the clMrityh•s entiikmem kn the it 15 probable the incimi¢ will b¢ T¢c¢ivJ thc of101¢ T<1y¥bIe f4Db¢ T¢lillbly. Income tsx ttcoverAble in Trkniott to doY•tioM rK¢tv¢4 Gift Aid ty d¢th of li re¢79•1 at the time of the donatiOJL 2A Kxpendll•re Expe11[¢ l• rwDJ once Ibere is i le8•1 or c£wlVe oblig¥ty)D to traTre[ <YfflottLi¢ btnefit to • third p8rty, it 18 me&8w¢d r¢Ji&bty. Expe1.¢ Im cbaritable xllv1tS is irThrred on direthly the r•XiVities Tich furtbcr thc clwiW5 obiti¥,
The MGGS Developmnt TTUSt Not¢s to the Fina11 Slat¢meTrts For th¢ Y¢xT Ended 31 March 2025 Th¢ ¢TrrIty only bas rJtiati¢1 I1 f111 ]itibi]iw of a kind that qualify as basic fiDaDcial irAtrum¢Dts. Basic 2.6 F•Nd •r¢o•nfl obiediv15 of the ¢lwity aThJ which been for other purFx Uthrethkned Totil rundi 2•25 Ttjiol fvndj 2024 Don*tiLNY 8iftaid 39.IKJ6 39,006 59.523 roMI 2024byfyvd 59.525 59,523 of ¢xp¢lldlt•r¢ w ¢h•ritsbk a¢tlvll Totsl 2025 roknl 2024 2025 36,523 36.523 25.616 Totyl 2034 byfvnd 25,616 25.616
TIAe MGGS DtvekpmeDi Trust Notes to the Stskm¢uts For the Year Ended 31 Marcb 2025 0fPenoIre by Total ro&71 fvrtds 2024 2•25 2125 2025 Advattce o(6tud¢nts at MIXIS 352IXI lJ23 36.523 25,610 AnolyJi¥ 012024 24.492 1.124 25.610 AnAtysts Of sDpport ¢0 AdvD edv¢tloll of stsdtnts At MGGS 2025 Tot ndi 2•25 Tolol fvnds 2024 Irthpendent examiDAtion fc¢ BaDk cbar8¢1 1.068 255 1,068 255 1.020 104 1.323 1,323 1,124 of2024 Irf41 1.124 1.124 Trn¥teei' ftm4tr•dfyn ¢xp¢& During ihp yw. Ththteu ttceiyed any r¢nVCrnli[ ori>thtr QD24. £NIL). Iring thr yw etthd 31 M8rch 2025. noTDJ#¢e exp¢D*s have betll incuTh Q024. £NIL). Delrtfj 2•Z5 2024 RKover4bl¢ Gifl Aid I,(x)9 1.048
The MGGS DtvtlopMllt TTU8t Notei to the Flmindl staten For the Yur Ended 31 Marth 2025 Creditoh: Arn•wits dmt wilkn •Dtyur 2025 2024 1,068 1,020 SttsDnt of Sttsnnt gf fkn- ¢•rT¢4t y TrDsftts B•lance 1¢ 31 lout Mr¢h 2015 Aprll 21124 Eipe•dh¥re School tl1d1ftg projecl MGGS Old Girls Stxiety Trnjsftr 150.C 4.5) 180,000 4,5(10 154.5( 30.( 184,500 Gnrnl fuDd• Genernl FUYJ 612 39, (3A523) (30.1KK)} 33,613 To¢1 U#rtrtrkie41 215,71XI 39,iX (36,523) 218,183 The School builditi8 prtiiett 18 A Lkni8nttted to tiAJttt set alide towardq Maidonc Oranunar S¢hool for Girls. Currettt bui]ditig projt£t. whi¢h th¢ Tnjsi is wIL A funher£30k bas bten fr$felTed the fvttd thuiti8 the yeAr. The tlltcniion is to trTtyf¢r th¢ bttlanr¢ lo the scknL up to £3k. wbto the funds ttceived. The MGGS Old Girli s fuDd is s de8Td fund to be for school prize and spShIP of• in the new FrtibAinB. Stltemthl •rruuth- prlor > Bolamce ar Incojne EyYRdifyfr¥ Translen in/owi 31 MqTrh 2024 J 2023 Unrutrkt¢d f4id• Schtsjl buildill8 MGGS Old Girls SrKietyTraosf J50.( 150.000 4.500 4.500 150,( 1.5130 JJ4,500 Page 10
The MGGS Deveiopmmrt Thi¥t Notu ¢0 the FInDd For the YeAr Ended 31 Mrth 2025 StstsJDeDi •ffu•th (coDth•Td) Balan al Tr•rts/¢n Inlw 31 Mqr¢h 2024 l Aprll 2023 Gener41 31.793 59,523 Q5.610) (4.500) 01.200 Tot1 unretrk f4ttd# 181,793 59.523 QS.6JO) 215,71)0 io. Amllyth of Del uets betwem ANlyth ofet A#•ts btht•th fd• • ¢•rrrnl y Urtrfrlet¢d rulldi 1•25 Totsl fundi 2025 219.251 {1.0681 219.251 11,068) Tolal 218,183 218.183 Unr&thYcied TOMI fyn 2024 2024 21fj720 (J.Q20) 210.720 (1,020) CteditoTr due within on¢ y Totsl 215.700 2J5,7QO tringIbe yev dctttions tLxal]thg £35212024. QA.492) made to M8id#on¢ Schwl for Gir]&