2024-03-31-accounts - Bequest Of Harry Skells

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HARRY SKELLS ESTATE TRUST TRUSTEES REPORT 31- MARCH 2024 THE CHARITY The objects of the charity are.. Thc provision of parks and rccrcatiollal grounds for the use, benefit and advantage of the inhabitants of Stan]ford. The improvement of streets and roads within Stamford. The improvement of the appearance. utility and amenity of buildings. walls. lamp posts, fences and other structures and of parks. ¢ar parks, bus stations and other open spaces in Stamford. ii) The Harry Skells Estate Trust is constited under the will of the lafr Harry Skells of Stamford. The ¢harity is by a board of Trustees who are Councillors of Stamford Town Council under the chaimianship of the Town Mayor. The Trustccs during thc ycar ¢lld¢d 31" March 2024, together with any changes since 3 1st March 2023 are set out on page 3. Any enquires regarding th¢ Charity should be addressed to the clerk lo the Charity. HeT name and conta¢t 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 intcrcst ctc from unspent in¢ome. The income was £33,988.47 for the year. During the year the Trust approved grallts tolalling £19,750.00 and spent £529.94 on St Michael's Churchyard. The total accumulated available income at 31st March 2024 was £29,639.83 after allowing for grants approvcd but noi paid elc. RESERVES POLICY Th¢ Trustees have no formal policy in relation to fiu]ds not distributed. All grant applications are ¢onsidered on their merits and the availability of funds. The Trustees are aware that they need lo maintain unrestricted free reserves at a levcl to provide sufficient funds to cover operating expenditure. Whilst the TSteeS can meet tbeir cutrent grant obligations the level of fiiture grants is dependent upon investment income. IIPage

HARRY SKELLS ESTATE TRUST TRUSTEES REPORT 31ST MARCH 2024 RISK POLICY The Trustees are aware that the Charity has risks to which it is exposed. They have assessed the various risk5 the Charity fa¢¢s and a report has been produced setting out these risks and the steps taken to lessen them. The Trustccs will continue to monitt)r and review the risks, as they deem appropTl&te. Marion Pi Chair of the Trustees Date. 2025

HARRY SKELLS ESTATE TRUST TRUSTEES 31ST MARCH 2024 Harrish Bisnauthsing Brenda-Rae Griffin Gloria Johnson Andrew Croft Marion Pitt Amanda Wheeler Shaun Ford Joanna Winterbourne Lisa Brewin Yvette Dikz-munoz Jane Kingman Rhca Rayside Barry Devereux Ed Fancourt Max Sawyer Robin Morrison Habib Rahman Kelham Cookc Brct Allibone David Scammell Jonathon Waples 31Page

HARRY SKELLS ESTATE TRUST OFFICIALS 31ST MARCH 2024 TREASURER Carl Midgley CTax Management 13 Locks Closc Deeping St James Peterborough Cambs PE6 8RA SECRET ARY 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 I West Street Stamford Lincolnshire BANKERS Lloyds TSB Stamford Branch 65 High Street Stamford Lin¢olnshire PE9 2AT 41Pag¢

ote to Accounts Grants approved during the year Black5tone5 junior Football Club St Geor8es' Church Stamford Municipal Almshouses Charity 750.00 £ 4.000. £ 15,000.00 £ 19,750.00 Made up as follows.. Paid Unpaid 4,000 £ 15,750.00 £ 19,750.00 The accounts were approved by the Trustees on Marion Pitt hair of the Trustees) 71Pag

SCHEDULES OF ASSETS 31ST MARCH 2024 HARRY SKELLS ESTATE TRUST RECEIPTS ANO PAYMENTS ACCOUNTS FOR YEAR ENDED 315T ftCH 2024 2023 2024 Received Investment Income Dividends on COIF Interest £ 31,851.97 733.58 £ 31,851.97 2.136.50 £ 32,585.55 £ 33,988.47 Payments Charitable Payments Grants approved in previous years and paid Grants approved in year and paid St Michael's Churchyard costs 15,589.19 35.D99.59 1,739.89 52,428.67 8,026.00 529.94 £ 8,555.94 Administrative Expenses 325.00 Treasurer Stamford Town Council Clerk Independent examiner's fees Trustees remuneration and expenses 650.00 50.00 647.43 240.00 441.37 240.00 1,006.37 53,435.04 1,587.43 10,143.37 -£ 20,849.49 Excess receipts over payments 23,845.10 Balance in hand at beginning of the year 78,710.63 57,861.14 57,861.14 Balance in hand at en(1 of year £ 81,706.24 51Page

SCHEDULES OF ASSETS 31ST MARCH 2024 SCHEDULE OF ASSETS AND LIABILITIES 31ST MARCH 2024 2023 2024 Endowment Fund Units in COIF Charities Investment Fund at market value £1,073,438.00 1,170,603.00 Deslgnated Funds St Michael's Chuichyard lat costl Picture by Barbara Balmer lat costl 40,178.CQ 2,000.00 42,178.00 40,178.IXs 2,000.(K> 42,178.00 Unrestrlcted Fund Units in COIF Charities Investment Fijnd at market value Deposit- COIF Bank accounts Lloyds 22,005.57 31,330.64 26,530.50 79,866.71 23,997.48 65,319.11 16,387.13 105,703.72 Llabllltles Grants approved in year but not paid Grants approv@d in earlier years not paid Total 8rants unpaid 5,467.41 9,135.00 14,602.41 15,750.1]0 10,576.41 26,326.41 20,000.00 5,740.00 40,342.41 Provision for Churchyard repairs Independent examiners fee and other expenses ols 25,500.1i0 240.00 52,066.41 Available balancè for future expenditure & Grants Balance at bank5 57,861.14 40,342.41 17,518.73 81,706.24 52,066.41 29,639.83

Michelle Feasey & Co Limited

Chartcrcd Accountants 6 Chartered Tax Adwsors

1 West Street Business Park West Street Stamford PE9 2PL

t: 01780 751115 f' 01780481805

e: mfeasey@feaseyaccounts co uk

Independent Examiners report to the Trustees of the Skells Trust

I report on the accounts for the trust for the year ended 3 1 st March 2024, which are set out on the following pages.

This report is made solely to the trustees in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiners report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees for my examination work.

Respective responsibilities of trustees and examiner

The Charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the Act)), and that an independent examination is needed.

It is my responsibility to:

examine the accounts (under section 145 of the Act);
to follow the procedures laid down in the General Directions given by the Charities Commissioners (under section 145(5)(b) of the Act); and
to state whether particulars matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees 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.

Independent examiner's statement

In connection with my examination, no matter has come to my attention,

I which gives me reasonable cause to believe that in, any material respect, the requirements o to keep accounts records in accordance with Section 130 of the Charities Act; and to prepare accounts which record with the accounting records and comply with the accounts requirements of the Charities Act have not been met, or
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Michelle Feasey FCA 1 West Street Business Park West Street Stamford Lincolnshire PE9 2PL

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27th January 2025
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Director Michelle A. E. Feasey Company Secretary Niall McQuitty vat Registration No. 793 3980 79 Registered in England No: 4462491

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CHARTERED
ACCOUNTANI S
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