Trustees’ Annual Report for the period
From 1 September 2022 Period start date To 31 August 2023 Period end date
Charity name: MST Foundation (CIO)
Charity registration number: 1195908
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The advancement of education of children and young people through the provision of high quality 1:1 and group tuition to socially disadvantaged children living in Islington and beyond. |
| 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 MST Foundation runs weekly tutoring sessions to disadvantaged children. Families must be in receipt of one of the following to qualify: 1. Pupil Premium Grant 2. Free school meals 3. Benefts letter 4. 16-19 Bursary funds 5. Refugee status The classes - Familiarises children with the processes and requirements of any exams. - Raises children’s aspirations and builds confdence - Consolidates and builds on what they have learnt at school. |
| Statement confirming whether the trustees have had regard to theguidance |
Para 1.18 | The trustees confrm that they have considered the charity commission’s guidance on public |
issued by the Charity Commission on public benefit
benefit.
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
| 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 MST Foundation delivered 300 hours of lessons to 10 children every week online via zoom. Additionally, the MST Foundation delivered 100 hours of lessons to 20-25 children across 5 schools in Islington. |
Additional information (optional)
You may choose to include further statements where relevant about:
Para 1.41
Achievements against
| objectives set | ||
|---|---|---|
| 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 | The MST Foundation aims to secure sufcient funding through applying for grants in order to expand and grow the programme going forward. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Reserves will be held in order to fund growth and expansion of the project and ongoing operational and governance costs. |
| Amount of reserves held | Para 1.22 | £4600 |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | The trustees do not have any uncertainties about the charity as a going concern. |
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 Organisation |
| 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 all volunteers and approved by a majority of trustees prior to appointment |
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
| Charity name | MST Foundation |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1195908 |
Charity’s principal address 10 Romilly Road, London, N4 2QZ
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Muhammad Ali | Founder and Trustee | |||
| Catherine Heseltine |
Trustee | |||
| Andrew Sayers | Trustee | |||
– 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 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
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
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
Muhammad Ali | Catherine Heseltine |
|---|---|---|
| Muhammad Ali | Catherine Heseltine | |
| Founder & Trustee | ||
| 24/05/24 | ||
| 24/05/24 |
MST Foundation 1195908 Receipts and payments accounts CC16a For the period 9/1/2022 8/31/2023 To from
| Section A Receipts and payments | ||||
|---|---|---|---|---|
| A1 Receipts Donations 6,778 Grants 2,000 - - - - - - 8,778 - - Sub total - Total receipts 8,778 A3 Payments Trustee loan repaid 4,517 Google workspace 55 webhosting 400 - - - - - - Sub total 4,972 - - Sub total - Total payments 4,972 Net of receipts/(payments) 3,806 A5 Transfers between funds A6 Cash funds last year end 794 Cash funds this year end 4,600 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ |
Last year to the nearest £ |
| - - - - - - - - - |
- - - - - - - - - |
6,778 2,000 - - - - - - 8,778 |
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| - | - | 8,778 | - | |
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4,517 55 400 - - - - - - 4,972 |
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| - | - | 4,972 | - | |
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3,806 - 794 4,600 |
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Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details cash at banj Details Details Details Details Signature Muhammad Ali Catherine Heseltine Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ 4,600 - - - - - 4,600 - OK OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Muhammad Ali Catherine Heseltine Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
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| to nearest £ Endowment funds |
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| When due (optional) |
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| Date of approval |
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| Muhammad Ali | Muhammad Ali | 5/24/2024 | |
| Catherine Heseltine | Catherine Heseltine | 5/24/2024 |