2023-11-30-accounts - Old Stoic Benevolent Trust

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Trustees’ Annual Report for the period from 1 December 2022 to 30 November 2023

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. The pandemic made it almost impossible for us to develop the relationships and the awareness we wanted, but we are now moving forward again. During the year, we continued to send out regular offers of support via social media and through Stowe School’s email and printed communications. In the year to November 2023, we have helped a number of Old Stoics with grants and/or practical support, in line with our objects of addressing individual cases of need and poverty. This included two emergency grants in cases of particular need.

Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	During the financial year the charity separated its banking from Stowe School and the balances were moved to a charity account at NatWest. At 30.11.2023 the Charity had a positive balance of £17,427 at NatWest. As mentioned above, grants totalling £1690 were awarded during this financial period. There were no Trustee expenses and no admin expenses. Significant amounts of volunteer time and home office facilities were used at no cost. We acknowledge gratefully the active support of Stowe School, the Old Stoic Society and their staff.
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, held in order to provide for future requests for support. Following the pandemic we have seen more requests for our support, and we anticipate a growingneed for our help.
Amount of reserves held	Para 1.22	Year-end balance £17,427.
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

Charity name	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

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
	17 September 2024
	17 September 2024

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-22 30-Nov-23

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ - 117 - - - - - - 117 - - - 117 1,690 - - - - - - - - 1,690 - - - 1,690 - 1,573 - 19,000 17,427	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Total funds to the nearest £ - 117 - - - - - - 117 - - - 117 1,690 - - - - - - - - 1,690 - - - 1,690 - 1,573	Last year to the nearest £
Old Stoic Society- annual donation	-				-
Bank interest	117				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	117				-

A2 Asset and investment sales, (see table).
	-
	-				-
*Sub total*	-				-
*Total receipts* A3 Payments
					-

Grants	1,690				-
Expenses	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	1,690				-

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*
					-

	- 1,573	-	-	- 1,573	-
	-	-	-	-	-
	19,000	-	-	19,000	-
	17,427	-	-	17,427	-

CCXX R1 accounts (SS)

17/09/2024

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 Deposit account Current account Details Details None Details None Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ 17,422 - 5 - - - 17,427 - 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	17/09/2024

CCXX R2 accounts (SS)

17/09/2024