## **CHAIRMAN’S REPORT 2021-2022** 

It was again a relatively quiet year for the Foundation.  All land and properties have been let throughout the year.  Grant applications from Students remained steady with applications from the schools being disappointing by their absence.  Our finances are in good order, achieving a surplus in the year despite a lack of interest on our deposit account.  Altogether it has been a successful year. 

T. A. Blackamore Chairman 

15[th] November 2022 



SIR THOMAS MtDDLECOTT EXHIBITION FOUNDATION
£or the year ended 31" March 2022
2022
2021
Income
Intere&t received
R¢nts r¢ceiYcd and other incom¢
374
7.269
42,494
37,643
Expellditure
Grants issued
Clerks salary and ex￿nseS
Rent. rates and insurance
Building expenses
Printin& postage, internet
and advertising
Professional fees
Meeting expenses
19,600
1000
3.117
2,710
20243
2.000
2,998
2,864
290
363
390
360
8 28963
Excess of llleome over expenditure
for the year
14,414
8.680

sni THOMAS m￿DLEc0￿T EXEtBfrioN FOUNDATION
BALANCE SEtEvr
at 31sI March 2022
2022
2021
FIXED ASSETS
IOA & IOB Willington RO￿ Kirton
I l The Squar4 Kirton
193,730
119796
313,526
193,730
119.796
313,526
CURlIE￿r ASSETS
Barclays business account
Bank current account
Debtors and prepayments
439,306
103.198
439262
91200
2.287
547 178
532 749
CURREKf LIABILTfIES
CTrditoi's
NET CURRENT ASSETS
545 613
531199
NET ASSSETS
859 139
ACCUMULATED FUIYDS
Balance at 31# March 2021
179,281
170,601
Less: Excess of income over
expenditure for the year
Balance 2t 3 I" March 2022
193.69S
179281
Endowment funds
665,444
665,444
859.139
844,725

Independent Examine￿8 Report
Report to the trustees of Sir Thoma5 Middlecott Exhibition Foundation.
Charity Rumber.. 527283.
I report to the tswstee5 on my examination of the accounts of the above Charity For the year
ended 31" March 2022 set out on pages 2 and 3.
Responsibilities and basis
of the report
As th¢charitytrustee4 you are r&8ponsible forthe preparation of
the accounts in accordance with the requirements ofthe Charities
Aet2011.
I report in rtspect of my examination of the Trust's accounts
C8rried out under section 145 of the 2011 Act and carrying out
my examination. I have followed all the applicable directions
given by the Charity Commission under section 145(5)(b) of th¢
Act.
Indepeudent examiner's
sta*etttent
I have completed my examination. I confIrm that no materials
matters have come to my attention in connection with the
examination with gives me cause to believe that in, any material
The a¢¢obJnting records were not kept in accordance with
section 130 of the Act: or
The accounts did not accord wtth the accounting records
the ac¢oullts did not comply with the applicable
requittments concerning the fonn and content of
accounts set out in the Charities (Accounts and
Repo￿) Reglllations 2008 other than any
requirement that the accounts give a 'frne and fair,
view which is Dot a matter considered as part of an
independent examination.
I have no concerns and have come acr0&8 no other matteTS in connection with the examination
to which attention should be drawn in this ￿port An order to enable a proper understanding of
the accounts to be reached.
Signed
Date: o(_ Otrle)iZ
Name James Justin Holland
Relevant professional
qu￿lf1¢atioll Chartered Certified Accountant
Address Dexter & Sharpe (Boston)
The Old Vicaraoe
Chur¢h Close
Boston
Lincolnshi
PE21 6N