TRUSTEES ANNUAL REPORT 2023124
LEGAL AND ADMINISTRATIVE INFORMATION
The Sir Thomas middlec0￿5 Exhibition Foundation- Reg. Charfty No. 527283 is a charity
governed by the schemes of the Chartty Commissioners dated 4 August 1976 and is
constitutÈd by one ex-officio trustse (the Wicar of the Parish of St Peter and St Paul, Kirton in
Hollandl, eight nominative trustees (two nominated by LÈncolnshire County Council and onÉ
each by the Parish Councils of Algarkirl Fosdyke, Frampton, Kirton, Sutterton and
Wyberton) and two Co-opted trustees.
CharityTrustees- who have acted at any time during the 2023124 financlal year are:_
Nominated - Mr T Blackamore (Algarkirk PC), Mr M Pwtt (Fosdyke PC), Mr D May
(Frampton PC), Mr R Pryke (Kirtonl, Mrc Baker (Sutterton PC), Mr R Austin
{Wyberton PC),
Mrs C Lidgett (LCC) and Cllr. M Brookes {LCC)
Co-opted -
None ctropted to act during the year
aerk
Ms S A Wilson. 50 Bell Lane, Moulton, Nr Spaldin& Lincs. PE12 6PH
Bankers
Barclays Bank plc, Boston. Linc5.
Uoyds Bank pc, Boston. Lincs.
Solicitors-
Mossop & Bowser, 10 Spalding Road. Holbeach PE12 7LP
Independent Examiners - Dexter & Sharpe, Boston PE216NA

NARRATIVE IDIFORMATION
Objectives and Principal Activities
The Charitws principal activity continued to be that of the promoting the education of
pèrsons who have not yet attained the age of 25. who in the opinion of the Trust&¢s are In
need of financial assistance and who have, for not less than two years, at any time attended
a maintained primary school In one of the Parishes of Algarkirk, Fosdyke, Frarnpton. Kirton,
Sutterton and Wyberton.
Developrnent, Attivities and Adiievements
It was with sadness thatthe Trustees re￿iVed the news. in March 2024, of the passing of
Mr Cyril Baker the nominated representstive of Sutterton Parish Council.
In De¢ember 2023 the Trustees received the regrettable news that the tenants of
Middlecott House had entered re￿]VerShiP and the process of finding new tenants was Put
into motion. It is hoped that a new lease will be in place by mid-june of 2024. One of the
Charivs hou5e5 underwent substantial Improvements wtth the othertwo being tenanted
throughout the year.
In the opinion of the Trustees there were no serioLS5 incidents or other matters which they
were required to bring to the attention of the Charity Commission.
Financial Review
The objectives are to generate sufficient income to continue the activities of the Charity and
to maximise the retum of the Chariws asset& Wrthin the portfolio. cash reserves are held
to ensure the ongoing actÈvities of the Charity can be maintained.
Approved by the Trustees and signed on their behalf by:
T A Blackamore - aiainnan
Dated: . IL>-J&>3

SIR THOMAS m￿DLEc0￿ EX&tBITION FoifNDATION
INCO￿& AND EXPENDITURE AccoiJNr
for the year ended 315[ March 2024
21n4
2023
Income
Enterest received
Rents receiv¢d and other income
5J48
.838
959
36,186
40.233
Expenditure
Grants issued
Clerks salary and expen
Rent, rates and insurance
Light and heat
Building expenses
Printin83 postsge. internet
and advertising
Pi'ofesslonat fees
Meeting expenses
Sundry expenses
19,540
2259
7.716
1.425
4,746
25.827
1,671
3.403
3.675
763
396
60
527
385
22
183
Excess of income over expenditure
for the year
(719)
4.540

SIR THOMAS MIDDLECOTT EXHIBrrIoiY FOtiNDATION
BALANCE SHEET
at31" March 2024
2024
2023
FIXED ASSETS
I OA & IOB Willin8ton Roa4 Kirton
I l The Squarq Kirton
193.730
119 796
3l3.526
193,730
119796
313,526
CURREIYT ASSETS
Barclays business Account
Batth Current account
DebtOTS aud prepayments
450.613
99.161
440,265
110228
549.774
550.493
CURRENf LIABILITJES
Creditors
340
340
NET CURRENf ASSETS
549 434
550 153
Nrf ASSSETS
862.960
863 679
ACCUTrtULATED FUNDS
Balance at 31" March 2023
l98.235
193,695
Less: Excess of income over
expenditr for the year
Balance at 31° March 2024
719
197516
198,235
End0wll￿t funds
665.444
665.444
862,960
863,679

Illdependent Examiner's Report
Report to tIie trustees of SirThomas Middlecott Exhibition Foundation.
Charity number: 527283.
I report to the trustec5 on my examination of the accounts of the ab)ve Charity for the year
end¢d 31• March 2Iy24 set out on pages 2 and 3.
Responsibi]ities and basis
of the report
As the chartty truste¢Sy you are responsible for the preparation of
thea￿unts in accordancewiththeTequtrements of the Charities
Act2011.
I Teport in respect of my examination of the Trust's accounts
catried out undersection 145 of the 2011 Act and in carrying out
my examination, I have followed all the applicable directions
given by the Charity Commi&%ion under section 145(5)(b) of the
ACL
Independent examiner's
Statement
I have completed my examination. I confimi that no materials
matters have come to my Èttention in connection with the
examination with gives me ¢au5e to believe that in, any material
The accounting records not kept in acc4)rdanc¢ with
section 130 of th¢ ACL. or
The accouJ)ts did not accord with the accounting records
the accounts did not comply with the applicable
requirements concerning the forni and content of
a¢couats set out in the ChaTities (Accounts and
Reports) Regulations 2008 other than any
uirement that the accounts give a 'true and fair,
view which is not a matter considered as part of an
]nd¢￿Ident examilltho
I have no coneerns and have come across no othw matters in connection with the examination
to which attention should be drawn in this report in order to enable a proper understsnding of
the accounts to be reached.
Signed
Name James Justin HolIand FCCA B.S¢ (Hons)
Relevant professjonal
quaIification Chartered C¢rtified Accountant
Address Dexter & Sharpe (Boston)
The Old Viear
Church Close
Boston
Liueolnshire
PE216N