**HARRY SKELLS ESTATE TRUST** ## **TRUSTEES REPORT** ## **31[ST] MARCH 2022** ## **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 2022, together with any changes since 31[st] March 2021 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 £31,242.99 for the year. During the year the Trust approved grants totalling £26,236.00 and spent £1,820.91 on St Michael’s Churchyard. The total accumulated available income at 31[st] March 2022 was £25,084.81 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 2022** ## **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. ……………………………….. Mrs Gloria Johnson Chair of the Trustees Date……………….. 2022 **2 |** P a g e ## **HARRY SKELLS ESTATE TRUST** ## **TRUSTEES** ## **31[ST] MARCH 2022** 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 Amanda Wheeler Angela Carter-Begbie Elaine Hooper Shaun Ford Julie Clarke Simon Fenn Stephen Doyle Joanna Winterbourne **3 |** P a g e ## **HARRY SKELLS ESTATE TRUST** ## **OFFICIALS** ## **31[ST] MARCH 2022** ## **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 2022** ## **RECEIPTS AND PAYMENTS ACCOUNTS FOR YEAR ENDED 31ST MARCH 2022** |**2021**
Received
Investment Income
£ 30,612.48
Dividends on COIF
£ 17.93
Interest
£ 30,630.41
Payments
Charitable Payments
£ 16,338.79
Grants approved in previous years
£ 8,454.78
Grants approved in year and paid
£ 1,989.42
St Michael's Churchyard costs
Administrative Expenses
-£ 300.00
Treasurer
£ -
Stamford Town Council
£ -
Clerk
£ 240.00
Independent examiner's fees
£ -
Trustees remuneration and expenses
-£ 60.00
£ 26,722.99
£ 3,907.42 Excess receipts over payments
£ 69,934.84
Balance in hand at beginning of the
year
£ 73,842.26 Balance in hand at end of year|£ 8,125.71
£ 14,908.00
£ 1,820.91|**2022**
£ 31,226.39
£ 16.60|£ 31,242.99
£ 26,374.62| |---|---|---|---| |||£ 24,854.62
£ 1,520.00|| ||£ 600.00
£ -
£ 680.00
£ 240.00
£ -||| ||||| ||||| ||||£ 4,868.37
£ 73,842.26| ||||£ 78,710.63| **5 |** P a g e **Note to Accounts** ## **Note to Accounts Year ended 31st March 2022** |1)
Grants approved during the year
Hospital of St Thomas Truesdale repairs
St Georges PCC repairs
Stamford Methodist Church
Lady of St Thomas Church
Civic Society
Community Orchard Group
Hospital of St Thomas Truesdale repairs
Made up as follows:
Paid
Unpaid|£ 3,270.00
£ 10,000.00
£ 3,000.00
£ 5,000.00
£ 2,500.00
£ 828.00
£ 1,638.00| |---|---| ||£ 26,236.00| ||£ 14,908.00
£ 11,328.00| ||£ 26,236.00| The accounts were approved by the Trustees on 2022 Mrs Gloria Johnson (Chair of the Trustees) **6 |** P a g e **HARRY SKELLS ESTATE TRUST** ## **TRUSTEES REPORT** ## **31[ST] MARCH 2022** ## **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 2022, together with any changes since 31[st] March 2021 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 £31,242.99 for the year. During the year the Trust approved grants totalling £26,236.00 and spent £1,820.91 on St Michael’s Churchyard. The total accumulated available income at 31[st] March 2022 was £25,084.81 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 2022** ## **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. ……………………………….. Mrs Gloria Johnson Chair of the Trustees Date……………….. 2022 **2 |** P a g e ## **HARRY SKELLS ESTATE TRUST** ## **TRUSTEES** ## **31[ST] MARCH 2022** 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 Amanda Wheeler Angela Carter-Begbie Elaine Hooper Shaun Ford Julie Clarke Simon Fenn Stephen Doyle Joanna Winterbourne **3 |** P a g e ## **HARRY SKELLS ESTATE TRUST** ## **OFFICIALS** ## **31[ST] MARCH 2022** ## **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 2022** ## **RECEIPTS AND PAYMENTS ACCOUNTS FOR YEAR ENDED 31ST MARCH 2022** |**2021**
Received
Investment Income
£ 30,612.48
Dividends on COIF
£ 17.93
Interest
£ 30,630.41
Payments
Charitable Payments
£ 16,338.79
Grants approved in previous years
£ 8,454.78
Grants approved in year and paid
£ 1,989.42
St Michael's Churchyard costs
Administrative Expenses
-£ 300.00
Treasurer
£ -
Stamford Town Council
£ -
Clerk
£ 240.00
Independent examiner's fees
£ -
Trustees remuneration and expenses
-£ 60.00
£ 26,722.99
£ 3,907.42 Excess receipts over payments
£ 69,934.84
Balance in hand at beginning of the
year
£ 73,842.26 Balance in hand at end of year|£ 8,125.71
£ 14,908.00
£ 1,820.91|**2022**
£ 31,226.39
£ 16.60|£ 31,242.99
£ 26,374.62| |---|---|---|---| |||£ 24,854.62
£ 1,520.00|| ||£ 600.00
£ -
£ 680.00
£ 240.00
£ -||| ||||| ||||| ||||£ 4,868.37
£ 73,842.26| ||||£ 78,710.63| **5 |** P a g e **Note to Accounts** ## **Note to Accounts Year ended 31st March 2022** |1)
Grants approved during the year
Hospital of St Thomas Truesdale repairs
St Georges PCC repairs
Stamford Methodist Church
Lady of St Thomas Church
Civic Society
Community Orchard Group
Hospital of St Thomas Truesdale repairs
Made up as follows:
Paid
Unpaid|£ 3,270.00
£ 10,000.00
£ 3,000.00
£ 5,000.00
£ 2,500.00
£ 828.00
£ 1,638.00| |---|---| ||£ 26,236.00| ||£ 14,908.00
£ 11,328.00| ||£ 26,236.00| The accounts were approved by the Trustees on 2022 Mrs Gloria Johnson (Chair of the Trustees) **6 |** P a g e Michelle Feasey & Co Limiled Cli14 rler¢cl Acoourilanls & Cl)ailered Tay. Ad¥'i50rs I Wesl Slieel Business Paik Wesl Street Slamloid PE9 2PL 1". 01780 751115 1.. 01780 481&)5 e". mfeasey@leasey&counls.co. Independent Examimtr$ r¢port ¢0 the Trustees of the Skells Trust I rewrt on the ae¢ourtts for the t￿￿t for the year ended 31° M2r¢h 2022. which are set out on the following pag¢s. This report is made solely to the trnstees in accordance with S¢¢lion 145 of the Charities Act 2011. My work has be¢n undertaken so that I might state to the charity's trusl¢es those matters l am required to state to th¢m in an independent examiners report and for no other purpose. To the thllest extent perniitted by law, I do not accept or assume responsibility to anyone other than the charity and the Charity's ttustees for my exomination work. Respectlvt respottsibitities of IT￿¢¢¢$ and examlner The Charity's trustees are responsible for the preparation of the a¢¢ounls. The Charity's tnjstees consider that an audit ts not required for this year (under section 144 of the Charities Act 2011 (the Act)). and Ihal an independent examÉn8tion is needeiL It is my responsibility lo: examine the a¢¢ounts (under section 145 of the A¢t)' to follow the procedures laid down in the General Directions given by the Charities Commissioners (under section 145(Sllb) of the Act); and to State whether particulars matt¢rs have cotne to my attention. B*si5 of ind¢pendent ex4miner'$ report My examination was carried ou¢ IE) accordance with the General Directions given by the Charity Commission. An examination includes a ffview of the accounting records kept by the charity and comparison of the accounts presented with those record5. It also includes consideration of any unusual items or disclosure5 in the accounts and seeking explaTrdtion5 from you as tNstees concerning any su¢h matters. The procedures undertaken do not provide all the evidence that would be r¢quired in an audit and consequ¢nlly no opinion is given as lo whether the accounts represent a'tNe and fair, YÉ¢w and the report is limited to those matters set out in the statement below. Independent ex*miner'i st4tement In conneetion with my ¢xamination, no matter has come to my attention, which giv¢5 Tn¢ r¢asonable cause to believ¢ that in, any material respect. the requirements to ke¢p accounts records in accordance with Section 130 of the Charitie5 Act. and o to prepare accounts whieh record with the accounting reeords and comply with the ae¢ounts requirements of the Charities Act have not been met. or to whieh, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Michelle Feasey FCA I West Street Business Park West Street Stamford Lincolnshi PE9 2PL 14th November 2022 CHARIEPED Oireclor.. Michelle A E Feasey Cotnpany Secretary". Niall Mcouilly Val Regislraiion No 793 3980 79 Regislered in England No.. 4462491