**HARRY SKELLS ESTATE TRUST** ## **TRUSTEES REPORT** ## **31[ST] MARCH 2021** ## **THE CHARITY** The objects of the charity are: - i) The provision of parks and recreational grounds for the use, benefit and advantage of the inhabitants of Stamford. - ii) The improvement of streets and roads within Stamford. - iii) The improvement of the appearance, utility and amenity of buildings, walls, lamp posts, fences and other structures and of parks, car parks, bus stations and other open spaces in Stamford. The Harry Skells Estate Trust is constituted under the will of the late Harry Skells of Stamford. The charity is run by a board of Trustees who are Councillors of Stamford Town Council under the chairmanship of the Town Mayor. The Trustees during the year ended 31[st] March 2021, together with any changes since 31[st] March 2020 are set out on page 3. Any enquires regarding the Charity should be addressed to the Town Clerk of Stamford who is clerk to the Charity. Her name and contact address are shown on page 4. The Charity Commission number is 239573. ## **REVIEW OF THE YEAR** The income of the Trust is derived from the original endowment fund under the will of the late Harry Skells and interest etc from unspent income. The income was £30,630.41 for the year. During the year the Trust approved grants totalling £24,481.37 and spent £1,989.42 on St Michael’s Churchyard. The total accumulated available income at 31[st] March 2021 was £23,183.46 after allowing for grants approved but not paid etc. ## **RESERVES POLICY** The Trustees have no formal policy in relation to funds not distributed. All grant applications are considered on their merits and the availability of funds. The Trustees are aware that they need to maintain unrestricted free reserves at a level to provide sufficient funds to cover operating expenditure. Whilst the Trustees can meet their current grant obligations the level of future grants is dependent upon investment income. **1 |** P a g e **HARRY SKELLS ESTATE TRUST** ## **TRUSTEES REPORT** ## **31[ST] MARCH 2021** ## **RISK POLICY** The Trustees are aware that the Charity has risks to which it is exposed. They have assessed the various risks the Charity faces and a report has been produced setting out these risks and the steps taken to lessen them. The Trustees will continue to monitor and review the risks, as they deem appropriate. ……………………………….. Miss Breda- Rae Griffin Chair of the Trustees Date……………….. 2022 **2 |** P a g e ## **HARRY SKELLS ESTATE TRUST** ## **TRUSTEES** ## **31[ST] MARCH 2021** Sue J Sandall John Dawson Harrish Bisnauthsing Mike Exton Bob Sandall Brenda-Rae Griffin Sheila Sismore Gloria Johnson David Taylor Andrew Croft Steve Carroll David Dorson Marion Pitt A Wheeler A Carter-Begbie E Hooper S Ford J Clarke S Fenn **3 |** P a g e ## **HARRY SKELLS ESTATE TRUST** ## **OFFICIALS** ## **31[ST] MARCH 2021** ## **TREASURER** Carl Midgley CTax Management 13 Locks Close Deeping St James Peterborough Cambs PE6 8RA ## **SECRETARY TO THE TRUSTEES** Mrs P Stuart-Mogg Town Clerk Town Hall Stamford Lincolnshire PE9 2DR ## **INDEPENDENT EXAMINER** Michelle Feasey Michelle Feasey & Co Ltd Chartered Accountants 1 West Street Stamford Lincolnshire ## **BANKERS** Lloyds TSB Stamford Branch 65 High Street Stamford Lincolnshire PE9 2AT **4 |** P a g e **SCHEDULE OF ASSETS AND LIABILITIES 31ST MARCH 2021** ## **HARRY SKELLS ESTATE TRUST** ## **RECEIPTS AND PAYMENTS ACCOUNTS FOR** **YEAR ENDED 31ST MARCH 2021** |**2020**
Received
Investment Income
£ 30,010.30
Dividends on COIF
£ 283.08
Interest
£ 30,293.38
Payments
Charitable Payments
£ 12,791.32
Grants approved in previous years
£ 3,374.90
Grants approved in year and paid
£ 726.16
St Michael's Churchyard costs
Administrative Expenses
£ 300.00
Treasurer
£ -
Stamford Town Council
£ -
Clerk
£ 240.00
Independent examiner's fees
£- Trustees remuneration and expenses
£ 540.00
£ 17,432.38
-£ 12,861.00 Excess receipts over payments
£ 57,073.84
Balance in hand at beginning of the
year
£ 69,934.84
Balance in hand at end of year|£ 16,338.79
£ 8,454.78
£ 1,989.42|**2021**
£ 30,612.48
£ 17.93
£ 30,630.41
£ 26,782.99
£-60.00
£ 26,722.99
£ 3,907.42
£ 69,934.84
£ 73,842.26|**2021**
£ 30,612.48
£ 17.93
£ 30,630.41
£ 26,782.99
£-60.00
£ 26,722.99
£ 3,907.42
£ 69,934.84
£ 73,842.26| |---|---|---|---| |||£ 26,782.99
£-60.00|| ||£ -300.00
£ -
£ -
£ 240.00
£-||| ||||| ||||| ||||£ 3,907.42
£ 69,934.84| ||||£ 73,842.26| **5 |** P a g e **Note to Accounts** ## **Note to Accounts** ## **Year ended 31st March 2021** |1) Grants approved during the year
Stamford Civic Society
Stamford in Bloom
Methodist Church Kitchen Refurbishment
Plastic Free Stamford (agreement in principal)
Browne’s Hospital Stained Glass Window Preservation
Made up as follows:
Paid
Unpaid|£ 3,000.00
£ 2,481.37
£ 3,000.00
£ 6,000.00
£ 10,000.00
£ 24,481.37| |---|---| ||£ 8,454.78
£ 16,026.59| ||£ 24,481.37| The accounts were approved by the Trustees on 2022 Miss Breda- Rae Griffin (Chair of the Trustees) **6 |** P a g e ## **Harry Skells Estate Trust Receipts and Payments Account For Period 01/04/2020 to 31-03-2021** |**For Period 01/04/2020 to 31-03-2021**
**Receipts**
Dividends
30,612.48
£
Interest
17.93
£
**Total receipts**
30,630.41
£
Less:
**Grants Paid (see below)**
24,793.57
£
**Churchyard Expenses:**
Electricity (535)
53.02
£
Insurance
-
£
St Michael's Churchyard Costs (535)
1,936.40
£
Groundsman reserve
-
£
1,989.42
£
**Administration:**
Treasurers
300.00
-£
Town Council
-
£
Clerk
-
£
Independent Examiner
240.00
£
60.00
-£
Total payments made
26,722.99
£
**Receipts less payments**
3,907.42
£
**Available Funds**
Balance in hand at beginning of period
69,934.84
£
Receipts less payments (as above)
3,907.42
£
**Balance at end of period**
73,842.26
£
Less commitments
Grants Approved yet not paid (see below)
24,918.80
£
Examiners Fee
240.00
£
Churchyard maintenance reserve and other payments
25,500.00
£
50,658.80
£
**Available for new grants**
23,183.46
£
**Grantee**
**Date of**
**Grant**
**Amount of**
**Grant**
**Date Paid**
St Michael's Churchyard Floodlighting (b/f)
11/26/2018 £ 208.68
Heights Play Scheme
9/23/2019
£ 13,916.00 3/11/2021
St Michaels Chirch bell replacements
9/23/2019
£ 7,000.00
Stamford Ameteur Boxing (B/f)
1/27/2020
£ 1,855.10 Cancelled cheque
3/11/2021
£ 1,855.10
Stamford All Saints Church Organ
1/27/2020
£ 2,207.22 3/11/2021
Stamford Civic Society
6/16/2020
£ 3,000.00 3/11/2021
Stamford in Bloom
6/16/2020
£ 2,481.37 3/11/2021
Methodist Church Kitchen Refurbishment
9/28/2020
£ 3,000.00 3/11/2021
Plastic Free Stamford Agreement in Principle
9/28/2020
£ 6,000.00
Brownes Hospital Stained Glass Window
preservation
12/14/2020 £ 10,000.00
51,523.47
£
**Endowment funds units in COIF**
Value @ 30/09/2020
Value @ 31/03/2021
**Grants 2020/21**
**For Year To Date**
**2020/21**|30,010.30
£
283.08
£
30,293.38
£
16,166.22
£
69.88
£
116.28
£
540.00
£
-
£
726.16
£
300.00
£
-
£
-
£
240.00
£
540.00
£
17,432.38
£
12,861.00
£
57,073.84
£
12,861.00
£
69,934.84
£
25,187.00
£
240.00
£
25,000.00
£
50,427.00
£
19,507.84
£
**Amount Paid**
**Written off**
**Balance yet to**
**pay**
208.68
£
13,960.00
£
-
£
7,000.00
£
144.90
-£
316.47
£
171.57
£
1,683.53
£
2,207.22
£
-
£
3,000.00
£
-
£
2,454.78
£
26.59
£
3,000.00
£
-
£
6,000.00
£
10,000.00
£
24,793.57
£
-
£
24,918.80
£
986,258.00
£
1,027,020.00
£
**For Previous Year**
**2019/20**|30,010.30
£
283.08
£
30,293.38
£
16,166.22
£
69.88
£
116.28
£
540.00
£
-
£
726.16
£
300.00
£
-
£
-
£
240.00
£
540.00
£
17,432.38
£
12,861.00
£
57,073.84
£
12,861.00
£
69,934.84
£
25,187.00
£
240.00
£
25,000.00
£
50,427.00
£
19,507.84
£
**Amount Paid**
**Written off**
**Balance yet to**
**pay**
208.68
£
13,960.00
£
-
£
7,000.00
£
144.90
-£
316.47
£
171.57
£
1,683.53
£
2,207.22
£
-
£
3,000.00
£
-
£
2,454.78
£
26.59
£
3,000.00
£
-
£
6,000.00
£
10,000.00
£
24,793.57
£
-
£
24,918.80
£
986,258.00
£
1,027,020.00
£
**For Previous Year**
**2019/20**| |---|---|---| |||12,861.00
£| |||57,073.84
£
12,861.00
£| |||69,934.84
£
50,427.00
£| |||19,507.84
£| |||| ||24,793.57
£
-
£
24,918.80
£|| ||986,258.00
£
1,027,020.00
£|| Michelle Feasey & Co Limited Cliaiibfcil ALcou-, 1 West S1reel Business Park Wesl Slieei Siamlord PE9 2PL 1. 01780 751115 1 01780481805 e. fflleaseY￿ea8eyatC0Unls co uk Indep¢DdeDt Ex•rniD¢rs ¢0 the Tnist¢es of the Sktlb Trnst I rew)rt on th¢ accounts for the trust for th¢ yeor ended 31. Mar¢h 2021. which are sei out on the following pages. This report is made solely to the trustees in a¢eordanee with S¢etion 145 of the Charities Act 2011. My wot* has been undertaken so that I might state to the charity's truste¢s those matt¢rs l am required to stste to them in an independent examiners report and for no other purw)se. To the ￿lIest extent perniitt¢d by law, I do not a￿ept or assume reswjnsibility to anyone other tEwi the charity and the charity's ffi]sle¢s for my examination work. R¢spe¢¢ive respollsibilities of trnsttts examiner The Charity's tNstees are reswnsible for the preparation of the accounts. The Charity's In]stees c4)n5ider that an audit is not Tequired for this year (under section 144 of the Charities Act 2011 (th¢ Act)). and that an independent examination is needed. It is my responsibility to- exarnine th¢ accounts (under section 145 of the Act); to follow the procedures laid down in the General Dire¢tions given by the Charities Commissioners (wider section 145(5)0)) of the Act). and to state whether particulars matters have com¢ to my attention. Basis of independent eA*miner's report My examination was carried out tn accordance with the Generai Directions given by the Charity Commission. An examination includes a review of the aecounting reeords kept by the charity and comparis¢)n of the accounts presented with those records. It also includes considerxtion of any unusual items or disclosures in the accounts and seeking explanations from you as trnstees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts represent a 'true and fair, view and the report is limited to those matters set out in the statement below. Independettt exAmin¢r'& stst¢meDt In conneetion with my examination. no matter has come to my attention. which gives me reawnabl¢ Cause to believe that in, any material respecl the requirements to keep accout]ts r¢cord5 in accordance with Section 130 of the Charities Act; and to prepare accounts whi¢h T￿ord with the accounting records and comply wtth the accounts requirements of the Charities Act have not b¢en mel or to Whic￿ in my opinioo attentioT] should be drawn in order to enable a Proper understaDding of the accounts to be reached. Mich¢ll¢ Feasey FCA I West Street Business Park West Str¢et Stsmford Lincolnshire PE9 2PL 6thJ 2022 CMARTfRED Director. Michèlle A. E Feasey Company Secielary. Niall Mcauilly Vai Regislralion No 793 3980 79 Regisiered in Enoland No. 4462491