Trustees’ Annual Report for the period
From 2 April 2022 Period start date To
1 April 2023 Period end date
Charity name: Margaret Thatcher Heritage Centre
Charity registration number: 1154676
Objectives and Activities
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SORP reference
Summary of the purposes of Para 1.17 The objects of the Margaret Thatcher Heritage
the charity as set out in its Centre are:
governing document
1. For the public benefit, the advancement of
education and the preservation of historical
heritage by the construction, management
and maintenance of a museum and
educational centre in Grantham,
Lincolnshire, focusing on twentieth century
history, the changing role of women, the
institution of prime minister and the British
political system, in particular the life, career
and premiership of Baroness Margaret
Hilda Thatcher.
2. The promotion of equality and diversity for
the public benefit, in particular by advancing
education and raising awareness in equality
and diversity and cultivating a sentiment in
favour of equality and diversity.
Summary of the main Para 1.17 and Main activities at this stage are fundraising
activities in relation to those 1.19 efforts. Once sufficient funds are secured, the
purposes for the public Heritage Centre can be constructed to deliver
the public benefit described in the objects.
benefit, in particular, the
activities, projects or
services identified in the
accounts.
Statement confirming Para 1.18 All trustees have read the Charity Commission
whether the trustees have guidance on public benefit. Consideration of the
had regard to the guidance guidance has been taken during the
development of the charity’s business plan and
issued by the Charity
museum conceptual design.
Commission on public
benefit
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Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making
Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
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SORP reference
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| Achievements and Performance | Achievements and Performance | Achievements and Performance |
|---|---|---|
| SORP reference | ||
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The charity is at fundraising stage for building construction which is necessary before enabling the benefits to society. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Achievements against objectives set |
Para 1.41 | The charity’s activities for this operating period have largely been focused on identifying individuals and organizations that would be minded to help move the charity’s objectives forward. This will be a key area of focus going forward for the charity. At this stage, the main risk to the charity achieving its objects is the ability to raise adequate funding. Significant capital is required and will need to be sourced from donations and grants where possible. The generosity of individuals and organizations will be key but is ultimately outside the control of the charity. |
|---|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
|---|---|---|
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Charity has completed year in a positive financial position. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Charity currently has no policy on reserves. |
| Amount of reserves held | Para 1.22 | Zero |
| Reasons for holding zero reserves |
Para 1.22 | Charity currently has no fixed or pending financial obligations. |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional) You may choose to include further statements where relevant about:
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Charitable Incorporated Organization |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Appointment by existing trustees |
Additional information (optional) You may choose to include further statements where relevant about:
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
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Charity name Margaret Thatcher Heritage Centre
Other name the charity uses MTHC
Registered charity number 1154676
Charity’s principal address The Granary
Hough Road
Barkston
NG32 2NS
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Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Alice E Brown Chair - -
2 Robert E Brown - - -
3 Rachel Judge - - -
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets None held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Digitally signed by Robert E Signature(s) Robert E Brown Brown Date: 2023.12.27 13:29:18 Z Full name(s) Robert E Brown Position (eg Secretary, Trustee Chair, etc) Date 27 December 2023
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Charity Name No (if any)
Margaret Thatcher Heritage Centre 1154676
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 02/04/2022 01/04/2023
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ - ] - - - -
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts - - - - -
A3 Payments
- - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ - ] - - - -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments - - - - -
Net of receipts/(payments) - - - - -
A5 Transfers between funds - - - - -
A6 Cash funds last year end 617 - - 617 617
Cash funds this year end 617 - - 617 617
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CCXX R1 accounts (SS)
29/12/2023
1
| Section B Statement of assets and liabilities at | Section B Statement of assets and liabilities at | the end of the period | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Total cash funds (agree balances with receipts and payments account(s)) Treasurers Account Details Details Details Signature Robert E Brown Digitally signed by Robert E Brown Date: 2023.12.29 09:12:44 Z |
Unrestricted funds Restricted funds to nearest £ to nearest £ 617 - - - - - 617 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Robert E Brown |
Endowment funds to nearest £ - - - |
| - | |||
| OK | |||
| Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 29-Dec-23 |
CCXX R2 accounts (SS)
29/12/2023
2