Trustees’ Annual Report for the period from 1 December 2019 to 30 November 2020
Charity name: Old Stoic Benevolent Trust
Charity registration number: 1180214
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The Old Stoic Benevolent Trust exists for the prevention and relief of poverty and financial hardship of the following: 1. Former pupils of Stowe School 2. Former permanent members of staff of Stowe School 3. Immediate dependents of persons described in 1 and 2 above |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 | The Trust provides modest grants, advice and support to relieve poverty and hardship. We respond to individual situations and provide personalised help as appropriate. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Yes |
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 was established in 2018 and has been setting up its services and communicating its availability. It has also been exploring the need for its services and the best ways of providing them. We have helped a number of Old Stoics with grants and/or practical support, in line with our objects and addressing individual cases of need and poverty. Our work in 2020 was greatly affected by Covid- 19 because of our reliance on Stowe School to help us identify former pupils in need. The school furloughed most of its admin staff and alumni events and most activities were paused, so there were far fewer communications between alumni and the school. This reduced requests for help and prevented the conversations that might have helped us identify people in need, either directly or by putting the word out. We did however issue regular offers of support via social media and through the school’s generic email and printed communications to raise our profile, and were able to respond accordingly. During the 2020 financial year we gave advice and support on a number of occasions, but no financial grants were awarded. We have been establishing a national network of local representatives (volunteers) in order to give potential clients a local contact who can provide more individualised attention. This network will now be more proactive than was originallyenvisaged. |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At 30.11.2020 the Charity had a positive balance of £17,000, held on its behalf within the Old Stoic Society’s accounts at Stowe School. Income during the period consisted of a 2020 grant of £4041 from the Old Stoic Society. As mentioned above, no grants were awarded during this financial period and there were no Trustee or other expenses. Significant amounts of volunteer time and home office facilities were used at no cost. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | We do not hold formal reserves. Funds at year end consist of remaining balances from annual donations. The impacts of Covid are likely to lead to even more requests for our support, and we anticipate agrowingneed for our help. |
| Amount of reserves held | Para 1.22 | Year-end balance £17,000 |
| Reasons for holding zero reserves |
Para 1.22 | - |
| Details of fund materially in deficit |
Para 1.24 | - |
| Explanation of any uncertainties about the charity continuingas agoingconcern |
Para 1.23 | - |
Structure, Governance and Management
| Description of charity’s trusts: | ||
|---|---|---|
| Type of governing document | Para 1.25 | Foundation Model constitution for a CIO |
| How is the charity constituted? | Para 1.25 | CIO |
| 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 | Trustees are appointed for three-year terms and there is a minimum number of three Trustees. Trustees would normally be former pupils of Stowe School, as are the present Trustees. |
Reference and Administrative details
| Charityname | Old Stoic Benevolent Trust |
|---|---|
| Other name the charityuses | - |
| Registered charitynumber | 1180214 |
| Charity’s principal address | Old Stoic Office Stowe School Buckingham MK18 5EH |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 |
Trustee name | Office (if any) | Dates acted if not for whole year | Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| S L Shneerson | Chair | |||
| J C W Hall | ||||
| H Kimbell | ||||
| - | ||||
Corporate trustees – names of the directors at the date the report was approved
| Director name | ||
|---|---|---|
| NONE | ||
| Name of trustees holding title to | property belonging to the charity | |
| Trustee name | Dates acted if not for wholeyear | |
| NONE | ||
| Funds held as custodian trustees on behalf of others | Funds held as custodian trustees on behalf of others |
|---|---|
| Description of the assets held in this capacity |
- |
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
- |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
- |
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
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Simon SHNEERSON | ||
Chair |
||
| 21 September 2021 | ||
| 21 September 2021 |
Charity Name No (if any) Old Stoic Benevolent Trust 1180214 Receipts and payments accounts CC16a For the period Period start date Period end date To from 01-Dec-19 30-Nov-20
| Section A Receipts and payments | Section A Receipts and payments | |||||
|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 4,042 - - - - - - 4,042 - - - 4,042 - - - - - - - - - - - - - - 4,042 - 12,958 17,000 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 4,042 - - - - - - - 4,042 - - - 4,042 - - - - - - - - - - - - - - 4,042 |
Last year to the nearest £ |
|
| OS Society's 2019 donation | 4,042 | - | ||||
| - | ||||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
4,042 | - | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
||||||
| - | ||||||
| Grants | - | - | ||||
| Expenses | - | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **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 Cash funds this year end |
||||||
| - | ||||||
| 4,042 | - | - | 4,042 | - | ||
| - | - | - | - | - | ||
| 12,958 | - | - | 12,958 | - | ||
| 17,000 | - | - | 17,000 | - |
CCXX R1 accounts (SS)
21/09/2021
1
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | 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 None Details Total cash funds (agree balances with receipts and payments account(s)) None Cash balance (held on our behalf by Old Stoic Society) Details Details None Details None Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ 17,000 - - - - - 17,000 - 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 Simon Shneerson |
Endowment funds to nearest £ |
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Simon Shneerson | 21/09/2021 | ||
CCXX R2 accounts (SS)
21/09/2021
2