THE MERIEL GWYNETH LEA CHARITABLE TRUST (a charitable, incorporated organisation registered With The Charity Commission number 1179927) YEAR ENDED 31 DECEMBER 2024 TRUSTEES REPORT Princi al Ob'ectives of the Chari In accordance with the terms of her Will, Meriel Gwyneth Lea who died on 8 July 2014, left one half of her Residuary Estate upon trust for charity. The Charity Trustees were directed to establish a charitable trust upon such terms and conditions as they in their absolute discretion thought fit. This was subject to it being a valid charity registered with the Charily Commission for England and Wales. The Charity was registered with the Charity Commission on 18 September 2018 as a charitable incorporated organisation Charity Number 1179927. In accordance with her letter of wishes attached to the Will of the late Meriel Gwyneth Lea the objects of the trust are to further such Charitable purposes (charitable under English Law) as the Trustees see fit from time to time IN PARTICULAR but not limtted to-, The advancement of education including awarding scholarships, maintenance allowance and grants, and providing funds to such educational establishments so that they may make such awards. The prevention or relief of povety in England and Wales by providing grants and donations to other registered charities working to prevent or relieve poverty including but not limited to those who are working to assist those who are homeless, {iiil The relief of need of the elderly and infirm by the provision of housing and support calculated to relieve the needs of such persons. Full details of the Trust are contained in the constitution, which was registered on 14 September 2018 and sets out the objects of the Trust and the powers of the Trustees. Or anisation of the Chari The Charity is governed by the aforementioned constitution registered on 14 September 2018 under number 1179927.
During the period the following persons served on the Board of Trustees.. Michael John Stirton and Anthony Wayne John. Statement of Trustees Res onsibilities Under Charity Law, the Trustees shall prepare proper financial statements for each financial year. In preparing those financial statements, generally accepted accounting practice requires that the Trustees.. Select suitable accounting policies and apply them consistently Make judgements and estimates that are reasonable and prudent Prepare the financial statement on a going-concern basis unless it is inappropriate to presume that the Trust will continue its activities. The Trustees are required to act in accordance with the constitution wilhin the framework of the objects and powers contained Iherein. They are responsible for keeping proper account records. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Trust and to prevent and detect fraud and other irregularities. Financial Review of the Year Summary: The income for the year showed a net surplus of £10,574.97 being bank interest which will be carried forward. A total of £60,750.00 was made in donations to the Salvation Army and to other charities providing food banks and other sustenance for either the homeless or those in dire need of financial assistance.
THE MERIEL GWYNETH LEA CHARITABLE TRUST (a charitable, incorporated organisation registered With The Charity Commission number 1179927) REPORT OF THE CHAIRMAN FOR THE CALENDAR YEAR 1 JANUARY 2024 TO 31 DECEMBER 2024 In the previou5 year's report reference was made to donations of £50,000.00 to worthwhile charities. In fact, during 2024 donation5 totalling £60,750.00 were made to worthwhile charities and related charitable causes. During 2024 donations have been made including a payment of £3,000 to each of five students (ie. £15,000 in total) of Gower College, Gorseinon. Swansea, SA4 6RD to encourage young students in financial need to go on to higher education which they might otherwise avoid Ihrough lack of funds. The late Meriel Gwyneth Lea was from the Gorseinon area of Swansea and would undoubtedly have approved of these donations, In addition. a payment of £750 was made to a student, who due to family circumstances, was effectively rendered homeless and devoid of a regular income. Michael Stirton 8 Fulwood Place Gray's Inn London WC1V6HG
THE MERIEL GWYNETH LEA CHARITABLE TRUST (a charitable, incorporated organisation registered with the Charity Commission number 1179927) TRUST ACCOUNTS I JANUARY 2024 TO 31 DECEMBER 2024
THE MERIEL GWYNETH LEA CHARITABLE TRUST (a charitable, incorporated organisation registered Ivith the Charity Commission number 1179927) Trust Accounts for the year ended 31 December 2024 Opening balance as at l January 2023 462,500.92 Interest earned 10 574.97 Sub total 473,075.89 Less payments (i) Donation5 60,750.00 {ii) Legal fees 0.00 {iii) Bank eharges 10.00 Sub total 60,760.011 Closing Balance as at 31 December 2023 MICHAEL JOHN STIRTON (TRUSTEE) Stptember 2025
THE MERIEL GWYNETH LEA CHARITABLE TRUST (a charitable, incorporated organisation registered with the Charity Commission number 1179927) Balance Sheet as at 31 December 2024 ital Aeeount Settled funds brought forward Asset$ Deposil a¢¢ount with bank 385,065.89 Community Aeeount 27 250.00 TOTAL Less Liabiliti¢s Creditors and &c¢rll¢d expenses NIL