Dame Elizabeth Holford's Charity AGM th Monday 6 November 2023 7pm Stanton St John Village Hall 1. Present . Alison Finch (Chair), Malcolm Leeding (Vice Chair), Claire Bishop, Judy Brown, Pat Moss, Rowan Reavley, Pierre Van Zyl. Absent are David Foale & Greta Shepherd. 2. Election of officers . a. Donna nominates and Rowan seconds Alison as Chair b. Alison nominates and Claire seconds Malcolm as Vice Chair. c. Rowan nominates and Pat seconds Donna as Treasuer d. Alison nominates and Malcolm seconds Rowan as Minute Secretary 3. Annual Accounts- Donna presenting written report as attached and accounts adopted 4. Chairs Report- Alison presenting report as attached th 5. Date of next rneeting is February 19 at 7pm at Stanton St John Village Hall (subsequently changed to Forest Hill Village Hall).
th Chairmans report to the AGM: 25 November 2024 2024 has proved to be a fruirful year for Dame Elizabeth Holford's Charity. We have welcomed Judy Brown and Russell Warner onto the Board, each bringing insight and skills that we require. Apart from making grants to a large number of young people in the area of benefit, the main thing that I have been managing has been organising changing the Charity's Scheme to enable us to be able to sell the property, should we choose to do so, and I'm very happy to report that this has finally happened. It would not have happened without invaluable input from Rowan Reavley and Pierre van Zijl, who together with Donna Arkell and I formed a subcommittee to negotiate with the Charity Commission. After a certain amount of to-and-froing, we managed to hit on the correct form of words, and we are now anticipating engaging a conveyancing solicitor early in the new year to formalise the sale of School House to the current sitting tenants and then to consider the future of the rest of the building. This is a tremendous step forward to future-proofing the Charity, enabling it to manage a fund, rather than a building with all its attendant costs. The Charity has otherwise been on an even keel, providing funding to 30 applicants from across the area of benefit, requests have ranged from specialist running trainers to residential courses, helping with masters course funding to professional make-up kits. I have had a number of thank-you emails from recipients who have been universally grateful for the help we have provided. Once again, the Charity has been able to fulfil its purpose in enabling young people to advance their education in all sorts of areas. As ever l am very grateful to everything David Foale has done in terms of maintaining our increasingly tricky building and there will be some substantial bills to pay in the next twelve months. But without his insight and knowledge and calm reassurance, I think we would be in a far more parlous state than we are currently. We have managed to raise the profile of the Charity through using testimonials from recipients in the Four Parishes Magazine, thanks to Pat for organising this. The Charity continues to be fortunate in having a dedicated and thoughrful board of Trustees. We said goodbye to Malcolm Leeding in the summer, who had served faithfully on the board for over twenty years and we are all very grateful for his hard work and input at meetings. l am taking this opportunity to announce that I will be stepping down as Chair and as a Trustee next November. I have been on for twenty years and it is time for me to go. Is-
Dame Elizabeth Holford's Charity Charity No. 309576 Receipts and Payments Account for the year ended 31st August 2024 Unrestricted Funds 2023 Total 2022 Total 2021 Total 2020 Total RECEIPTS Bank Interest Old School Nursery Rent Old Sthool House Rent Bursarles ref unded Insurdnce retharges OSH Maintenance recharge Donations recelved 2,061.32 35,898.82 6,694.18 945.(J) 7,19).30 85.(K) I,(X)6.Crf) 30,525.CKJ 6,442.(J) 500.CX) 4,501.() 92.47 £ 29,775.CK) 6,463.34 5(K).D) 4,058.50 11.92 30,285.CXJ 6,442. 3,C(X).co 3,841. £ 29,775 6,442.Q) 3,71 5,CKX).CQ Total receipts 52,874.62 42,974.00 45,889.31 43,579.92 40,092.00 PAYMENTS Bursarles granted Building oxpon undry expenses Legal/Consultant fees Insurance 24,8CX).72 5,040.98 73.(X) 14,833.CK) 4,773.CX) £ 25,643.99 6,919.(X> 36,986.CK) 4,809.(X) 106.CQ 9,815.1)) 136.Q) 2,400.(X) 5,218.CQ 3,3.) 4,663.46 4,934.67 4,408. 4,235. Total payments 34,849.37 27,304.00 40,617.35 56,309.00 25,346.00 Net receipts 18,025.25 15.670.00 5,271.96 (12,729.08) 14,746.00 Reconciliation of funds: Cash brought forward at 1st September 2023 Net receipts 73,457.88 18,025.25 57,787.88 15,670.CX) £ 52,515.92 5,271.96 £ 65,245.C £ (12,729.08) 50,499.CX) £ 14,746. CA5h carried forward at 31st August ZQZ4. £ 91,483.13 £ 73,457.88 £ 57,787.88 £ 52,515.92 £ 65,245.00
Dame Elizabeth Holford's Charity Charity No. 309576 Statement of Assets and Liabilities as at 31st August 2024 2024 2023 2022 2021 2020 Cash funds Cash at bank 91,483.13 73,457.88 7,787.88 £ 52,515.92 65,245 Investment assets Freehold land and bulldings £ 1,727,487.00 £ 1.727,487.00 £ 1,727,487.00 £1,727.487. £1,727,487. Net assets £ 1,818.970,13 £ 1.8(X),914.88 £1,785,274.88 £1,780,C02.92 £1.792,732.00 Represented by Unrestricted funds Pemianent Endowment funds 91,483.13 £ 1,727.487.(X) 73,457.88 £ 1,727,487.(X) £ 57,787.88 £1,727,487.CXJ 52,515.92 £1,727,487.(X) £ 65,245. £1.727,487. Total funds £ 1,818,970.13 £ 1,800,944.89 1,795,274.88 £I,7,(x)2.92 £1,792,732.00 Notes he insurance values of the investment assets are broken down as follows: 2024 2023 2022 2021 2020 Freehold land and buildings Old ool House Old School Nursery 423,265.ClJ £ 1,304,222.(X) 423,265.CQ £ 1,3(M,222.(x) £ 423,265.CX) £1,304,222.OJ £ 423,265.L)J £1,304,222.CX) £ 423,265. £1,3Ckl,22 £ 1,727,487.CK) £ 1,727,487.00 £1,727,487.00 £1,727,487.00 £1,727,487.00 The value given is the insurance value as at 23rd November 2020. The properties represent the original endowment to the charity of Dame Elizabeth Holford upon her death. The financial statements were approved and authorised by the Board on Slgned on behalf of t e Board
Dame Elizabeth Holford's Charity - 309576 I have examined the accounts of the D2( me Elizabeth14olford's Charity for the year to I l°Augyu£t 2024 with thc records kept and Ivith thc reccipts, Bank Statcmcnts, chcquc and Pcly in slip counterfoils. Any explanation required by me has been readily provided by Donna Arkell and I certify that, to the best of my knowledge and belief, the accounts are correct. Signed Date Name . CICkrcfK £@CLrf Einail Address Per ec SF Tliese accounis i¥ei-e aLcepted aiid approvLd by Ilie trusiees of Daine Elizabetli Hoiford's Charily at the InLeting held c2t Forest Hill Village Hall on 25th November 2024 Signed Chairperson Secrctary rreasurcr Trustee Trustee Truste Trustee Trustee Trustee Trustee Trustee