## **MD Educational Foundation Charity Number: 1169208** _{For Charitable Incorporated Organisation}_ # **Trustees' Annual Report and Financial Statements for the Period 1 April 2021 to 31 March 2022** _Page 1 of 8_ **MD Educational Foundation** Trustees' Annual Report for the Period Ended 31[st] March 2022 ## **Reference & Administration Details** ## **Charity name: MD Educational Foundation** Charity number: 1169208 Charity's operating address: Dykes, Henfield Common North, Henfield West Sussex BN5 9RL ## **Names of the Charity Trustees who Manage the Charity** _(Add extra rows as required)_ _**Trustee Name Office** (if any)_ _**Appointed Retired**_ 1: **Miriam Dervan 15/09/16** 2: **Tarquin Scadding-Hunt 15/09/16** 3: **Shaun Barton 15/09/16** _If any trustee is appointed by an external person or organisation (e.g.: the local Council) a note of that should be included._ ## **Names & Addresses of Advisors** _(Delete rows which are not relevant)_ _**Name Address & Postcode**_ Bank: Barclays Barclays, Leicester LE87 2BB ## **Structure, Governance & Management** ## **Description of the Charity's Trusts** **Type of Governing Document:** Constitution **How the Charity is Constituted:** Charitable Incorporated Organisation **Trustee Selection Methods:** Trustees are appointed by a resolution passed at a properly convened meeting of the Charity Trustees **How New Trustees are Inducted** New trustees are given a copy of the constitution and a copy of the **and Trained:** latest Trustees’ Annual report and Statement of Accounts. They are also advised of the foundation’s activities. _Page 2 of 8_ **MD Educational Foundation** Trustees' Annual Report for the Period Ended 31[st] March 2022 ## **Objectives & Activities** ## **Summary of the Objects of the Charity as set out in its Governing Document** The objectives of the charity are the advancement of education by provision of grants to young people requiring training and development (including but not limited to) educational courses and work experience ## **Summary of the Main Activities Undertaken for the Public Benefit in Relation to the Charity's Objects** The Charity’s key aims are to assist the educational development of young people encouraging them to find and consider the opportunities available to them including, but not limited, to self-employment and business start- up. The foundation aims to provide free advice, training, work experience and support to enable young people to contribute and participate in the 21[st] century economy ## **Achievements & Performance** ## **Statutory Declaration** We, the trustees, declare that we have complied with our duty to have due regard to the guidance on public benefit published by the Charities Commission in exercising our powers or duties. ## **Summary of the Main Achievements of the Charity for the Year** We have continued to assist the educational development of young people encouraging them to find and consider the opportunities available to them including, but not limited, to self-employment and business start- up. ## **Financial Review** ## **Brief Statement of the Charity's Policy on Reserves** The foundation does not have a policy on reserves. At the end of the year there was a cash surplus of £5,310. _Page 3 of 8_ **MD Educational Foundation** Trustees' Annual Report for the Period Ended 31[st] March 2022 ## **Statutory Notes to the Accounts** ## **Particulars of Any Outstanding Guarantee Given by the CIO** There are no potential liabilities nor guarantees outstanding as at the date of the statement of assets and liabilities. ## **Particulars of Any Outstanding Debt** There is no outstanding debt as at the date of the statement of assets and liabilities. ## **Declaration** ## **The Trustees declare that they have approved the Trustees' Report above.** Signed on behalf of the Charity's Trustees **Signature(s): Full Name(s):** Tarquin Scadding-Hunt Miriam Dervan **Position(s):** Trustee Trustee **Date:** 11th January 2023 11th January 2023 _Page 4 of 8_ ||||||||||| |---|---|---|---|---|---|---|---|---|---| ||**MD Educational Foundation**|||||**1169208**|||**CC16a**| ||||||||||| ||**Receipts andpayments accounts**||||||||| ||**For the period**
**from**||01/04/2021||**To**||31/03/2022||| ||||||||||| ||||||||||| |**Section A Receipts and payments**|||||||||| ||**Unrestricted**
**funds**||**Restricted**
**funds**||**Endowment**
**funds**||**Total funds**||**Last year**| ||**to the nearest**
**£**||**to the nearest £**||**to the nearest £**||**to the nearest £**||**to the nearest £**| |**A1 Receipts**|||||||||| |Donations|**169,013**||**-**||**-**||**169,013**||**10,620**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| |**_Sub total_** _(Gross income for AR)_|**169,013**||**-**||**-**||**169,013**||**10,620**| ||||||||||| |**A2 Asset and investment sales, (see**
**table).**|||||||||| ||**-**||**-**||**-**||**-**||| ||**-**||**-**||**-**||**-**||**-**| |**_Sub total_**|**-**||**-**||**-**||**-**||**-**| ||||||||||| |**_Total receipts_ **|**169,013**||**-**||**-**||**169,013**||**10,620**| ||||||||||| |**A3 Payments**|||||||||| |MarketingCosts|**26,020**||**-**||**-**||**26,020**||**10,620**| |Bank Charges|**-**||||||**-**||**2**| |Legal Costs|**5,492 **||**-**||**-**||**5,492 **||**-**| |
Bohunt Educational Trust-Steyning Grammar|**50,000**||||||**50,000**||**-**| |
Gym Equipment-Steyning Grammar School|**5,694 **||||||**5,694 **||| |
Employee Salary|**21,292 **||||||**21,292 **||| |
Travel & TrainingReimbursement|**515**||**-**||**-**||**515**||**-**| |**_Sub total_ **|**109,013**||**-**||**-**||**109,013**||**10,622**| ||||||||||| |**A4 Asset and investment purchases,**
**(see table)**|||||||||| |**Investment, Mind, Body Goals**|**60,000**||**-**||**-**||**60,000**||| ||**-**||**-**||**-**||**-**||| |**_Sub total_ **|**60,000**||**-**||**-**||**60,000**||**-**| ||||||||||| |**_Totalpayments_ **|**169,013**||**-**||**-**||**169,013**||**10,622**| ||||||||||| |**_Net of receipts/(payments)_**|**-**||**-**||**-**||**-**||**- 2**| |**A5 Transfers between funds**|**-**||**-**||**-**||**-**||**-**| |**A6 Cash funds lastyear end**|**5,310**||**-**||**-**||**5,310**||**5,312**| |**_Cash funds thisyear end_**|**5,310**||**-**||**-**||**5,310**||**5,310**| _Page 5 of 8_ ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**|**Details**|**Details**|**Details**||**Unrestricted**
**funds**||**Restricted**
**funds**||**Endowment**
**funds**| |---|---|---|---|---|---|---|---|---|---| ||||||**to nearest £**||**to nearest £**||**to nearest £**| |**B1 Cash funds**|Bank Account||||**5,310**||**-**||**-**| ||||||**-**||**-**||**-**| ||||||**-**||**-**||**-**| ||**_Total cash funds_**||||**5,310**||**-**||**-**| ||(agree balances with receipts and payments
account(s))||||OK||||OK| ||||||**Unrestricted**
**funds**||**Restricted**
**funds**||**Endowment**
**funds**| ||**Details**||||**to nearest £**||**to nearest £**||**to nearest £**| |**B2 Other monetary assets**|||||**-**||**-**||**-**| ||||||**-**||**-**||**-**| ||||||||||| ||**Details**||||**Fund to which**
**asset belongs**||**Cost (optional)**||**Current value**
**(optional)**| |**B3 Investment assets**|Investment, Mind, Body Goals||||
**Unrestricted**||**60,000**||**-**| ||||||||**-**||**-**| ||||||||**-**||**-**| ||||||||||| ||**Details**||||**Fund to which**
**asset belongs**||**Cost (optional)**||**Current value**
**(optional)**| |**B4 Assets retained for the**
**charity’s own use**|||||||**-**||**-**| ||||||||**-**||**-**| ||||||||**-**||**-**| ||||||||||| ||**Details**||||**Fund to which**
**liability relates**||**Amount due**
**(optional)**||**When due**
**(optional)**| |**B5 Liabilities**|||||||**-**||| ||||||||**-**||| ||||||||**-**||| ||||||||**-**||| ||||||||**-**||| ||||||||||| |Signed by one or two trustees on
behalf of all the trustees|Signature||||Print Name||||Date of
approval| ||||||Tarquin Scadding-Hunt||||11/01/2023| ||||||Miriam Dervan||||11/01/2023| ||||||||||| _Page 6 of 8_ ||||||||||| |---|---|---|---|---|---|---|---|---|---| ||**MD Educational Foundation**|||||**1169208**|||**CC16a**| ||||||||||| ||**Receipts andpayments accounts**||||||||| ||**For the period**
**from**||01/04/2020|**To**|||31/03/2021||| ||||||||||| ||||||||||| |**Section A Receipts and payments**|||||||||| ||**Unrestricted**
**funds**||**Restricted**
**funds**|**Endowment**
**funds**|||**Total funds**||**Last year**| ||**to the nearest**
**£**||**to the nearest £**|**to the nearest £**|||**to the nearest £**||**to the nearest £**| |**A1 Receipts**|||||||||| |Donations|**10,620**||**-**|**-**|||**10,620**||**1,684**| ||**-**||**-**|**-**|||**-**||**-**| ||**-**||**-**|**-**|||**-**||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**10,620**||**-**|**-**|||**10,620**||**1,684**| ||||||||||| |**A2 Asset and investment sales,**
**(see table).**|||||||||| ||**-**||**-**|**-**|||**-**||| ||**-**||**-**|**-**|||**-**||**-**| |**_Sub total_**|**-**||**-**||**-**||**-**||**-**| ||||||||||| |**_Total receipts_ **|**10,620**||**-**|**-**|||**10,620**||**1,684**| ||||||||||| |**A3 Payments**|||||||||| |MarketingCosts|**10,620**||**-**|**-**|||**10,620**||**-**| |Bank Charges|**2**||**-**|**-**|||**2**||**-**| |
Steyning Grammar School|||||||**-**||**1,674**| ||||||||**-**||| ||||||||||| ||**-**||**-**|**-**|||**-**||**-**| |**_Sub total_ **|**10,622**||**-**|**-**|||**10,622**||**1,674**| ||||||||||| |**A4 Asset and investment**
**purchases, (see table)**|||||||||| ||**-**||**-**|**-**|||**-**||| ||**-**||**-**|**-**|||**-**||| |**_Sub total_ **|**-**||**-**|**-**|||**-**||**-**| ||||||||||| |**_Totalpayments_ **|**10,622**||**-**|**-**|||**10,622**||**1,674**| ||||||||||| |**_Net of receipts/(payments)_**|**- 2**||**-**|
**-**|||**- 2**||**10**| |**A5 Transfers between funds**|**-**||**-**|**-**|||**-**||**-**| |**A6 Cash funds lastyear end**|**5,312**||**-**|**-**|||**5,312**||**5,302**| |**_Cash funds thisyear end_**|**5,310**||**-**|
**-**|||**5,310**||**5,312**| _Page 7 of 8_ Section B Statement of assets and liabilities at the end of the period UnTrstrKt8d funds to nearest£ RastrictEd fu￿1$ to neare5t£ EndowrTEnt to nearest £ B1 Cash funds BankAccount 5,310 Total cash funds 6,310 ￿￿(￿S￿￿[eCe1w8a￿d pa￿ents s(court15JL_ Unrestr*ted lunds to n•ar•st£ Restn"c fu￿1$ to n•ar•st£ ils to n•ar•st £ 82 Other monetary assets Fund to whi 455et b Current v4lue D•tslls Cost (OP￿0￿all B3 Investment assets Fund to which Sset b￿lts￿ Detalis Cost (OP￿0￿all Current value B4 Assets retained for the charity's own use Fund to whleh r•lat05 Amount du* Wh*n du• Detai 85 Liabilities SutEd by one or two trustees on behatr ol all trustees SignatLX Prfnt Namè Data of roval Tarquin ￿addi￿-Fknr 2110112022 Mirklm Dervan 2110112022 Puge8of 8 ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name MD Educational Foundation **members of On accounts for the year** 31 March 2022 **Charity no** 1169208 **ended (if any) Set out on pages** 1 to 6 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity for the year ended **31 / 03 / 2022** . **Responsibilities and** As the charity trustees of the charity, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Signed: Date:** `11/01/2023` **Name:** David Forinton **Relevant professional** FCA (ICAEW) **qualification(s) or body (if any): Address:** The Courtyard, High Street, Ascot, Berkshire, SL5 7HP ## **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **October 2018** 1 **IER** **Give here brief details of any items that the examiner wishes to disclose** . **October 2018** 2 **IER**