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
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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