TRUSTEES ANNUAL REPORT 2(Y24125 LEGALAND ADMINISTRATIVE INFORMATION The Slr Thomas Middlecotvs Exhibition Foundation- Reg. Charlty No. 527283 is a charity govemed by the sdiemes of the Charity Commissioners dated 4 August 1976 and is constituted by one ex-officio trustee (the Wicar of the Parish of St Peter and St Paul, Kirton in Holland), eight nominative trustee5 (two nominated by Lincolnshi County Council and one each by the Parish Councils of Algarkirk, F05dyke. Frampton, Kirton, Sutterton and Wyberton) and two Co-opted trustees. Charity Trustees-who have acted at any time during the 2024125 flnancial year are:_ Nominated- MrT Blackamore (Algarkirk PC}, Mr M Pitt (Fosdyke PC), Mr D May (Frampton PC}, Mr R Pryke (Kirton), Mr M Bateman (Sutterton PCI, Mr R Austin (Wyberton PC), Mrs C Lidgett (LCC} and Cllr. M Briwkes (LCC) Co-OPted- None co-opted to act during the year Clerk Ms S A Wilson. 50 Bell Lane, Moutton, Nr Spaldin& Lincs. PE12 6PH Bankers - Barclays Bank plc, B05ton, knncs. Uoyds Bank pc, Boston, Lincs. Sollcitors- Mossop & Bowser. 10 Spalding Road. Holbeach PE12 7LP Independent Examiners - Dexter & Sharpe. Boston PE216NA
NARRATIVE INFORMATION Ob]ettives and Principal Artivities The Charl5 principal attivity continued to be that of the promotlng the education of persons who have not yet attained the age of 25, who in the opinion of the Trustees are in need of financial assistance and who have. for not less than two year5, at any time attended a maintained prlmary school in one of the Parishes of Algarkirl Fosdyke, Frampton, Kirton, Sutterton and Wyberton. Development, Activities and Athtevements After protracted t)e8Otiation5 a 20 year lease was signed with the incorningtenants of Middlecott House. However, because of the coststo be incurred by the tenant to install 3 new fire protection system. a 12 month rent free perlod was agreed. The extensNe refurbishrnent of one of the rented properties was completed and new tenants had moved in. In the opinion of the Trustees there were no serious inciderits or other matters which they were required to bring to the attention of the Charity Commission. Financial Review The objettives are to generate sufficient income to continue the acrlvitie5 of the Charity and to maximlse the return of the Charit*s asset& Wrthin the portfolio. cash reserves are held to ensure the ongoing activities of the Charity can be maintsined. Approved by the Trustees and signed on their behalf by: T A Blad(amore - Chairnian Dated:
SIR THOMAS MIDDLECOTT EXHIBITION Fouf4DATION INCOTh AThD EXPENDTfURE AccouNr for the year ended 31¥t March 2025 2025 2024 Ineome Interest received Rents received and other income 6.686 27 5J48 33.919 36.186 Expenditure Grants issued Clerks salary and expense Rent, rdtes attd insurance Light and heat Building expenses PrintiD(Y postage. internet and advertisin Professional f¢e5 Meeting expenses Evllpty Propety Costs 18,032 3J13 10.184 19.540 2,259 1,425 4,746 3,527 212 408 763 396 60 Excess of illco)ne over expenthkn for the year (40,411) (719)
SLR THOMAS MLDDLECOTT EXnJBrrIoiY FotWDATION BALANCE SHEET at 31" March 2025 202) 2024 FIXLD ASSETS IOA & IOB Willington Roal Kirton I l The Square, Kirton 193,730 119796 313.526 193.730 119796 313.526 CURRENf ASSETS BClaYS business account Bank cutTellt account Debtors and prepayments 457299 52,064 450.613 99,161 509 363 549 774 CURRENf LIABILlEs Creditors 340 NET CURRENT ASSETS 509 023 549 434 NE¢ T ASSSETS 822 549 862 960 ACCUMULATED FUNDS Balance at 31" March 2024 197.516 198235 Less: Excess of income over expenditure foE the year 411 719 Bajance at 31. March 2025 157.105 197,516 EDdowJnent fldS 665,444 665,444 822,549 862.960
Independent Examinevs Report Report to the trustees of Sir Thorn&s Middlecott Exhibition Foundation. Chorty number: 527283. I report to the trStee$ on my examination of the accounts of the above Charity for the year ended 31° March 2025 Set out OJJ pages 2 and J. Respollsibilities aud b25i5 of the report As the charity you are responsible ftsrttLe preparation of the accounts in aecordance ivith the Tequirements ofthe Charities Act2011. 5 report in respect of my examination of the TnTSt's accounts carried out under section 145 ofthe 2011 Act and in carrying out my examination. I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiller's statement I have completed my examination. I confmn that no materials atters have cotne to my attention in connection with th¢ examination wilh ¥dT ves me cause to believe that in, any inateriaI respec The accountingrecords were not kept in accordance with section 130 of the Act or The did Dot accord with the accounting records the accouuts did not comply with the applicable requirements concerning the form and colltent of accounts set out in the Clwities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'ttue and fair, view whtch is not a mattel. considered as part of an I have no concerns and have come across no other matters in connection with the examination to wliich attention should be drawn in this wrt in order to enable a proper understanding of the accounts to be reached. Sigued 411illlp Date:14*11 Name James Justin Holland FCCA B.Sc (Hons) Relevant professional qualification Chartered Certified Accountant Address Dextsr & Sharpe (Boston) The Old Vicarage Church C105e Boston Lincolnshir¢ PE216N