R.W.MANN RUST A CIKxllth TnMI for Ihe North E¢Jst CommLmlty FUND VESTED IN R. W. MANN TRUST under Declaration of Trust dated 27 July 1959 TRUSTEE'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charity No: 1095699
R. W. MANN TRUST under a Declaration of Trust dated 27 July 1959 CONTENTS Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet 10 Notes to the Accounts
R. W. MANN TRUST under a Declaration of Trust dated 27 July 1959 TRUSTEE'S REPORT for the year ended 31 March 2024 The Trusiees present their report and accounts for the year ended 31 March 2024. CHARITY REFERENCE & ADMINISTRATION DETAILS Name The Charity operates solely iindei" tlie name R. W. Mann Trust Registration Number The Cliarity Coniinissioii registration number is 1095699 Address The postal address of the principal office of the Cliarity is P. O. Box 119, Gosforth, Newcastle upon Tyne, NE3 4WF Trustees The trustees in office at the date of this report were as follows'.- Mrs. J. A. Hamiltoii {Cliairniaii) Mr. G. Javens Mrs. M. A. Heath Trustee Changes All of ilie above mentioned tnislees were in office for the full accoiinling period under review and there have been no changes in appointnients during the period. Secretary Mr. J. L. Hamilion. OBE, DL has acted as Secretary throiighout the year and has delegated responsibilily for all aspects of the day to day niaiiageineiil of the Charity Bankers Barclays Baiik plc, Newcastle City Office, Percy Hoiise, Percy Street, Newcastle upoii Tyne, NEI 4QL Solicitors Stanton Crofi, 1-2 Lansdowne Terrace East, Gosforth, Newcastle upon Tyne, NE3 1 HL Independent Examiners Read, Milburn & Co., Cliartered Accountants, 71, Howard Street, North Shields, NE30 1 AF Stock Brokers and Financial Advisors UBS Wealih Management AG. 2 St James, Gale, Newcastle upon Tyne, NE4 7JH and Brewin Dolphin, Limited, Time Central, Gallowgate, Newcastle iipon Tyne, NEI 4SR,
CHARITY STRUCTURE, GOVERNANCE & MANAGEMENT Governing Document The Charity is an Endowed Charity formed under a Declaration of Trusi dated 27 July 1959 th Recruitment & Appointment of Trustees The present trustees were appointed because of their relationship with the founders of the Tnist, Mr. & Mrs. Reginald W. Mann. When the ciirrent Trustees are either unable or unwilling to act, or in the event ihat ihe current secretarial and donation committee wish to retire, there is a fonrjal agreement in place 11th the Community Foundation serving Tyiie and Wear aiid Northumberland to administer the Charity. Induction and Training of Trustees The process of iiiductioii and iraining of new Trustees is linder the personal guidance and supervision of ihc cxisling Trustees. Organisational Structure and How Decisions are Made The day to day nianagemenl of the Charity is iii the hands of Mr. J. L. Hamilton, OBE, DL who acts as Secretary. Mr. Hainilton lias delegated responsibility for collating donation applications and assessing the relative merits of the request. The donalion con)mittee is niade lip of the Secretary and at least one Tnistee make the decision regarding the level of support to be given. The Secretary has then delegaled authority of the Truslees lo deal with all aspecls of ilie adniinistralion in coniieclioii wilh tlie doiiations aiid receiving feedback from the recipients of how the doiiation has bcen utilised. Relationships with Related Parties The adminislratioii of the Trusl is undeflaken auiononiously. However, Ihere are informal meeiings with other sigiiificant charitable organisalions in the local area lo ensiire cross fertilisation of information in the sector aiid to ensiire tlial needs, iii respecl of charilable support, are being niet. Risk Assessment The Truslees rccognise their responsibilities aiid are coinmitted io niinimise all the risks ihal the Trust niay face. The Inajor risks lo whicli the cliarity is exposed are identified by the Truslecs in ternis of boih probability and potential risk and are reviewed regularly together wilh systems and procediires to nianage those risks. The Iiiajor risk to the cliarity is that of Inaintaining a suitable level of income lo satisfy the diverse demand of applications for charitable assisiance. In ternis of inconie, this risk is n)anaged by a prudciit and diversc investment portfolio in conjiinction with a repiitable stock-brokers thal specialise in the Charitable sector. The portfolio is managed iviih a niediiini risk profile with a view to achieving an appropriate level of inconic together with ihe prospect of capital appreciation which seeks to maximise the long-tenn I'eal valiie of the cliarilable fund. In lernis of expenditure, the Trustees set budgets for management expenses and for charitable donations. The Trustees set theiT donations at a level wliereby the charity can assist as broad a base of local organisations as possible. To supplenient income, the chariiy is maiiaged on a tolal return basis and therefore uses capital gaiiis and appreciation oil investments when current expenditure cannoi be matched with current income.
OBJECTIVES & ACTIVITIES The Objects of the Trust l ) To promote the relief of poor aged or infirn] persons in any part or parts of tlie United Kingdom 2) To promote the advancement of ediicatioii for the benefit of ihe public in any part or parts of the United Kingdom 3) To promoie the advancemenl of piiblic religion in any part or parts of ihe United Kingdom 4) To promote (so far as proniotioii thereof is charitable but not further or othenvise) social welfare in any part or parts of ihe United Kingdom 5) To iindertake and execute aiiy tnists esiablished in any part or parts of the United Kingdom for charitable pujyoses only 6) To siipport aiiy institulions or trusts for the time being established in any part or parts of tlie United Kingdom for charilable purposes only The Aims of the Trust In practice, the Trustees favoiir charitable causes iii the North Tyneside and in the East Newcastle areas, in line with the Founder's wishes. In certain circiimstances, Ihe Tnisl may look to assisting oilier organisations in the wider Tyne and Wear, Durhani and Noi'tliumberland areas if il is considered that they offer excepiional added value to Ilieir local coniiiiuiiities or are particularly innovative. Siippon io iialioiial organisations is also offcred where Ihere is a specific projecl, or ongoing work beiiig carried oiil, in ihe area in which the Trust operales. There lias been no change in thc aiins the Tnisi during Ilie year. The Main Objectives for the Year The main objectives continue to be thai of siipporting local orgaiiisations when the charity's siipporl can make a real difference lo tlie success of ihe orgaiiisalioii. The maiii thnist of charitable siipport contiliiies to be towards youth work. cliildren, people willi disabilities. older people, schools. colleges, couiicils for vollinlary service and other advice agencies. Strategies of the Trust The Charity contiiiiies to encourage applications from local organisalions by ongoing links and knowledge of ilie organisations working in ilie area. The development of the Charity's website, www.nvinaiintnist.or .Lik has beeii another useful strategy in recent years for encouraging applications for assistance. Significance of Achievements Donations paid out by Ilie irust amoiiiiled to £167,390 during the year aiid these were to a wide varicty of charitable causes niakiiig a lotal of £5,518,247 since tlie inception of the Trust in July 1959. Grant-making Policies The Tnist gives priorities to projects and groups which Operate in North Tyneside and East Newcastle Are locally run and led Help people with the greatest need Involve disadvanlaged and minority groups Use volunteers as much as possible Improve the quality of life in their community Are regislered cliarities or exempi groups such as scouts, schools, hospitals etc.
The Trust will not support Large well-established national charities Individuals Churcli buildings except where they are used for community groups Deficits already incurred or to replace statutory fundiiig Projects or groups which can attraci public fiinds or which appeal to Community Fund grants or national charitable trusts or other sources except to the extent that such soiirces woiild be iinlikely to fund a specific project. ACHIEVEMENTS AND PERFORMANCE Review of Charitable Activities and Public Benefit The Trustees coiisider iliat Ilie Cliariiy has achieved public benefii during the year as demonstrated in the assistance it has provided io the local coinmiiiiity which, oiice agaiii. has been al a most satisfactory level. Donations made diiring the year were in line willi budgel al £167,390. This figure was comprised of124 individual donalions to assist 108 organisations or groiips. Review of Investment Performance The investnienl portfolio is nianJged with a view to achieving a balance of inconie and capital growth with a medium risk profile. The Trusiees generally anlicipale a target gross total return on investments iii the range 3.75 % 4.000/0 of ilie average value of fiinds in 111anagciiienl. The investiiieiit portfolio perforniance has iliis year been bencliiiiarked agyaiiisi the FTSE All Share Iiidex - Tolal Return whicl) showed a 7.77 % increased perfoniiaiice. The Trust's own nianaged invesinieiit perforniance showed an increase of l 0.81 O/y reflecting the specific spread of the portfolio. Funds held under management liave increased by 5.450/0 afier withdrawals of£172,000 lo fuiid aciivilies diiring ilie year. Facloring tlie withdrawals inio account. on a lolal retiirn basis, funds have shown a 10.81 0/0 increase for tlie year. FINANCIAL REVIEW Reserves PolRCy The Trustees recognise the need to establish and mainiain a level of reserves thai enables financial slabilily, Ihai meets the reqiiirements of working capital and cushions againsl fluctuations of inconie levels and in ihe financial perfonnance of ihe Tnisl. In recent years the Trusiees have adopted a policy of ulilising an element of reserves on a regular basis to supplenient current excess of dernand for donations lo worthy caiises over the level of current inconie. It is envisaged ihat this policy will continue for the time being. Principal Funding Sources The Trust relies for niajor part of its, inconie on its, investinent portfolio. A small elemenl of iiiconie is derived froin interest 011 nel cash balances that are held to nieet inimediate cash demands. Whilst the Balance Sheet indicates a bank overdraft, in reality this is wholly as a resuli of unpresented cheques and a credit bank balance is niainlained at all times by daily sweeps from bank balances held on deposit. Tliere are no "real" borrowings and there are no intentions by the Trnstees to borrow funds at this time.
Investment Policy Investments of the Trust are managed by stock-brokers and financial advisers, UBS Wealth Management AG and by Brewin Dolphin Limited with a view to achieving a balance of income and capital growth with a mediiim risk profile and funds are managed on a "Total Return" basis. There is no fomial ethical policy adopted at this stage, but this matter is under consideration. PLANS FOR FUTURE PERIODS The charitable sector continues to grow and there is little doubt that in the coming years the Trust's involvement in causes both large and small will continue to be of significant importance and will continue to play a major role in charitable work in the North Tyneside and wider area. The objectives for future periods continue to be those as set out earlier in this report and to this end, the Trustees welcome approaches for financial support in line with its. objectives and current activities. STATEMENTS OF TRUSTEES, RESPONSIBILITIES The Trustees are required under the Charities Act 1993, to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements the trustees should follow best practice and.'- l) select suitable accounting policies and apply them consistently. 2) make judgements and estimates that are reasonable and prudent; 3) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements. 4) prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in operation The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law and regulations, They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approval This report was approved by the Trustees on behalf. and signed on their for R. W. Mann Trust
R. W. MANN TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF R W MANN TRUST for the year ended 31 March 2024 I report on the financial statements of tlie charity for the year ended 31 March 2024 which are set out on pages 2 to 16. Respective responsibilities of trustees and examiner The charity's trustees consider thal an audit is not required foT this yeaT (under Section 43(2} of the Charities Act 1993 (Ilie Act), as aiiiended by s.28 of Ilie Charities Act 2006) and Ihal an indepeiideiil examinalion is needed. li is iny responsibility to: examine tlie accounts (under seclion 43 of the Act, as aniended). to follo, the procedures laid down in the General Directions giveii by tl)e Charity Cominission (under section 43(7){b) of the Act, as aniended),. and to state wlietlier particular inatters have coine io Iny attention. Basis of independent examiner's statement My exainination was carried out in accordance ivitli General Directions gviven by tlie Cliarily Coinmission. An exainiiiation includes a review of lh¢ accounliiigF reci)rds kept by the cliarily and a coiiiparison of. the accoiints preseiited witli tliose records. It also includes consideration of ai)y uiiusual ilems or disclosures Iii Ihe accounts and seekiiig explanations froni Il)e Inislees coiicerning any such Inatlers. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as lo wheilier Ilie accuunls preseiil a "true and fair view" and the report is liiiiited to those inatters set out in tlie statement below.. Independent examiner's statement In the course of our exan)ination, no inatler has coine to iny attention whicli gives me reasonable cause lo bel ieve that iti, any Inaterial respecl, tlie truslees have not Iiiet tlie rcqiiireiiients to ensure thal: pr()per accounlingy records are kept (in accordance with section 41 of the Act); and accounts are prepared which agree witli the accounlingF records and coiiiply witli the Inetliods and principles of the Stateinenl of Recoinmendcd Practice.. Accounting and Reporting by Charilies; or to M,hicli, in my opinion, attention should be drawn in order to enable a proper iinderstanding of the accounts to be reached. (2) DAVID HODGSON, MBE, FCA, ACIB Read, Milburn & Co, Chartered Accountants 71 Howard Street North Shields Tyne & Wear NE30 IAF Dated . Y*..l.
R. W. MANN TRUST STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024 -2024---- 2023 L'nre5tricted FndS Restricted Funds Toial INCOMING RESOURCES Donation Received 955,301 Investment Income Dividend liicoiiie Interesi Received 61,906 4,002 13,485 382 75,391 4,384 75,723 1,698 Total Incoming Resources £65,908 13,867 £79.775 £1.032,722 RESOURCF.S EXPF.NDED Investii)enl Manageinent Costs Charitable Activities Iiistitulional Donations (Note 6) Support Costs- SecrelaTial & Mana¥ient (Note 4) Bank Charges Sundry Administration Costs Governance Costs ALcounlaiicy Cliarges 10,885 7,690 18.575 18.644 167.390 167.390 208,100 18,000 393 1,137 18,000 393 18,250 489 1,503 1,920 480 2,400 2,394 Total Resources Expended £199,725 £8,170 £207,895 £249,380 NET OUTGOING RESOURCES BEFORE HOLDING GAINS (133,817) 5,697 (128,120) 783,342 Profiil(Loss) on Investment Assels 171,157 102,044 273,201 (158,586) NET MOVLMENT IN FUNDS 33,340 107,741 145,081 624.756 TOTAL FUNDS BROUGHT FORWARD 2,272,929 833,786 3,106,715 2,481,959 TOTAL li UNDS CARRIED FORWARD £2,306.269 £941,527 £3,251,796 £3,106,715 The iiole on pages I I to 16 form part of tliese accounts
R. W. MANN TRUST BALANCE SHEET as at 31 March 2024 2024 2023 FIXED ASSETS Investments (see Note 2) Bond Investmenls Equity Investments 621,917 2,528,712 580,201 2,361,611 Total Flxed Assets 3,150,629 2,941,812 CURRENT ASSETS Cash at bank and in hand 120,974 220,564 Total Current Assets 120,974 220,564 CURRENT LIABILITIES Bank Overdraft Amounts falling due within one year (see Note 3) 14,650 5,157 50,500 5,161 Total Current Liabilltles 19,807 55,661 Net Current Assets 101,167 164,903 Net Assets £3,251,796 £3,106,715 FUNDS OF THE CHARITY Unrestricted Fund Restricted Fund (Note 6) 2,306,269 941,527 2,272,929 833,786 Charity Funds £3,251,796 £3,106,715 Approved b th Trustee For R. The notes on pages I I to 16 fonn part of these accounts io
R. W. MANN TRUST NOTES TO THE ACCOUNTS Note l.- ACCOUNTING POLICIES (a) Basis of preparation The fjnancial statements have been prepared linder the historic cost convention, with Ilie exception thal inveslments are included al markel value. The fii)aiictal stalemei)Is haiye been PTepared in accordance willi tlie Sialeinents of Recomineiided Praclice.. Accounting aiid Reporting by Charilies (SORP 2005) issued in March 2005 and applicable UK Accounting Standards and comply witli the Charities Aci 201 The Financial slaleinents have been prepared on a going concern basis. (b) Funds Structure The cliarity is coinprised of an Expendable Endowment fund created by gitts froin MT & Mrs Reginald W. Mann and Ihe all income from Ilie endowinent is wholly unrestncled. The aims and objects of tl)e Trusls are set oul in Trustees Report. (c) Incoming resources All incoming resources are recognised once the charity has enlitlemenl lo ihe resources. it is certain that the resoiirces will be received and the monetary value of inconiing resources can be measured Ivitli sufticienl reliability. {d) Resources expended Liabi lities are recognised as resources expended as soon as tliere is a legal or constructive obligation coiiimitling the charity lo the expenditure. All expendiliire is accounted for on an accruals basis and has been classified ui)der lieadings that ag&Tregale all costs related lo the calegory. Grants payable are paynienls inade lo third parties in Ihe fiiriherance of the charilable objectives of the Trust. Grants payable are recogsnised wlien Ilie intention to mcike a gyranl ha,% been coiniiiunicaled lo Ihe recipienl and tliere is ccrlainty of Ihe ainounl of Ilie &yrant payable. {e) Trixed asset investments Investnients are staled al niarket valiie as at the balance sheet date and are schediiled in the notes lo the accounis. Tlie stateii)eiJl of financial activitics incliidcs thc net gains and losses arising7 on revaluation and disposals throu&Fhout the year. (D Realised gains and losses Al I gains and losses are taken lo Ilie slaleineiil of fiiiancial activilies as they arise. Realised gains and losses on iiii'estments are calculatcd as the difference betiveen tlie .8ales proceed8 and opening Inarkel value (purchase dale if lalerl. Uiirealised gains and losses are calculated as the difference betiveen Ilie Inarket value at Ilie year end and the opening market value (or purchase date if later). Realised and unrealised gains are not separated in the Stateinent of Financial Aclivilies.
NOTES TO THE ACCOUNTS (Continued) Note 2.- INVESTMENTS Details of investments held ai 31 March 2024 were as follows'.- Nornlnal Value Market Valu¢ BOND INVESTMENTS IM#n4ged hi. UBS W'ealth Manak¥cment Ltd) 451 JPMF Enig Mkt Dbt 34,055 910 Focused Sicav Corp Shs Hdgd A Dist 90.754 1,256 Focused Sicav Shs Hdgd F Dist 112,349 86 Fociised Sicav 14Grd Slis A 9,015 309 Focused Sicav HGrd Lng Tenn Bd Shs A 36,963 836 Focused Sicav Hgd Lng7 Terni Bd USD-F. 71,286 205 Focused Sicav HGd Bd Sli F UK 18,247 4,899 Goldmaii Sachs liii Mkts Deb P/F R 34,348 369 Goldman Sachs Mkts Corp Bd l Hdgd 32,476 206 Ashiiiore Sicav Ein Mkts Corp Dbt Slis Z2 12,451 1,259 Blackstone Sys CTd Inl (ird Sys Co Fd 112.454 {MAnggi.d hv Brewln DlphIn 672 Mulli Unts Lux UK Govl Bd 5Yr 11,358 15,200 Jupiter UT Mn&yTs Strategytc Bd X GBP Dis 12,499 30,000 Abcrdcen Sid Fd Mg Asi Gbl iiifitkd Bd 17,904 7,968 UK Gov 0.25 % BDS 31Jan25 7,692 8,250 Man Fx Inl ICVC Sterl Corp Bd 8,066 £ 621,917 EQUITY JNVESTMENTS 'ominal Value Markei Valuc I1#114gL,d bi. UBS Welih Mnag¢ni¢nt I,td) 497 Astrazeneca 5,721 Aviva PIC 5,724 BP PIC 10,552 Barclays PIC 10,015 Blackrock Euro Dynaiiiic Fd 3,285 Brown Advisory Fd PIC 1,770 Compass GTOUP plc 5,045 Convatec Gr PIC 6,774 DS Smitli PIC 2,725 Elementis PIC 435 Experian PIC 23,333 Federated Hernies Inp. Fd 350 Findlay Park Funds - Ainerican Fnd 629 GAM Star Fd - Euro Eqty 6,512 Glencore PIC 978 GSK PIC 6,115 Haleon PIC 3,309 HSBC Holdings PIC 429 Haliiia PIC 785 Hikma Pharn)aceuticals Ip Ords 738 Intennedle Cap Grp 175 Intertek Grp PIC 53,070 28,410 28,374 19.331 30,133 60,773 41,117 14,449 26,872 4,044 15,025 32,746 60,569 21,099 28,347 16,710 20,360 20,483 10,159 15.060 15,159 8,724 12
NOTES TO THE ACCOUNTS (Continued) EQUITY INVESTMENTS (Continued) NoTnlnal Value qarket Value 660 Ishares Inc Shs MSCI Europe Ex UK Fnd 25,357 60,070 Lloyds Banking Group 31.092 375 LSE Group plc 6.9p Ords 35,588 13,594 M&G PIC 29.975 8,339 Man GLG Japan Core Alpha Fd Pro Acc 23,649 9.946 Naiwesi Grp PIC 26,436 1,940 Ninetyone Global Si Fd Emrg Mkts 56,687 2.344 Pearson PIC 24,424 3,610 Prudential plc 5p Ords 26,822 624 Raihboiie Brotl)ers 9,660 2,015 Relx PIC 14.44p Ords 68,994 566 Reckitl Bei)eckiser l Op Ords 25,538 790 Robeco Cap Gwt BP US Preiii 74,120 3.656 Rolork PIC 5p Ords 12,021 2,238 Shell PIC Euro 58.748 2,329 SSE PIC 38,429 1,654 SSiiA SPDR Jap Acc Shs 80,230 2,590 Schroder PIC 20p Ords 9,736 86 SpiTac-Sarco Eng 8,656 11,501 Tesco plc 34.112 600 UBS Inv Fnd ICVC S&P500 Iiidex J Dist 203,995 808 UBS (Lux) Fd Lmergy Mkt Shs A 65,965 420 UBS Eif plc Misc Acqi SF A UK Dis Hdg 48,865 UBS Etf MSCI Switz 20135 Shs A 47,045 Vanguard Fnds FTSEI 00 Ucits ETF Inc 99,465 Vangyuard Fnds FTSE250 Ucits ETF Inc 17,635 IMonaRtd hv Brtwln Dolphln AIL()n AG Ainplienol Corp Artemis Fd Mngrs US Select l Acc Arteinis Fd Mn&yrs US Smaller Cos J Acc Ashtead Group Bailey Gifford Amer W l Dis Berkshire Hatliaway Inc Com USD Blackrock Fd Man Cont Euro Inc D Dis Blackrock FM Euro Dynamic Fd Inc Booking Hldgs inc Com USD 0.008 19,760 BNY Mellon Fd Mngr Asian Inc U 1,000 Dodge & Cox Worldw US Stk 4,600 Fidelily Ucits Icav US Quality Inc 8,000 Fil Inv Svcs UK Eing Mkts R GBP Acc 7,322 Firsi Senttier inv Icvc Asia Pacific Lds 4,458 Fundsniith Eq Fd Fund l Dis 120 Inlercontinenlal Exch Inc Coin USD 5,034 Investco Far East Inv -Asian UK D Dis 562 Ishares Physical M Ish Phys Gold Eic 13,000 JPMorgan Fd- US Equity inc K 5,500 JPMorgan Fd Icvc Global Macro Opps 12,079 Jupiter Japan inc Fd U2 GBP Dis 6,000 Link Fd Sol Ltd trojan X Inc 9,887 Liiik Fund Lindsell Train UK Equity 2,866 575 150 160 7,500 3,000 200 3,313 43 6,900 11,500 10,028 14.888 26,213 11,258 11,404 41,683 14,270 13,218 35.065 11,421 22,898 33,810 36,058 9,440 22,712 28,312 13,115 12,713 20,128 18.148 8,619 14,164 7,681 16,844 13
NOTES TO THE ACCOUNTS (Continued) EQUITY INVESTMENTS (Continued) Nominal Value Market Value 2,500 Liontrust par Spec Situations Ins Inc 14,400 M&G Ini, Fnds - Papan Sterling PP Dis 55 Microsoft Corp Coiii USD 1,200 National Grid Ord 600 Polar Cap Tecli Tst 11,560 Royal London Ltd Sust Ldrs Tsl D Inc 170 Schivab (Cliarles) Corp Com USD 38 Stryker Corp Com Stk USD 6,000 T Bailey Fuiid Serv TB Evenlode Jnc C 23,500 Thesis UT Mgmt Ltd TM Redivheel UK Eq 17.030 Threadneedle Inv UK Equity Inc Z 7,500 Trilax Big BOx Rei Ord 1050 VanguaTd S7P 500 800 Vanguard FTSE 100 12,105 21,056 18,553 12.396 17,970 29,640 9,688 10,574 15,053 26,01 26,168 1,438 82,089 27,618 £2,528,712 Iyote 3- CREDITORS AND ACCRUED CHARGES This represenls:. 2024 2023 Indcpendent Exaniiner's Char&7es Portfolio Managciiient Charges 2,400 2,757 2,400 2,761 £5,157 £5,161 Iyote 4- REMUNEIUTION No reinuneratioii has been paid to any of tlie 'frustees. A Secrclarial and Management Fee of £18,000 {wliich includes all travel and incidental and office expenses) has been paid by the Trusl for services provided by the Secretary, Mr. J. L Hainilton OBE, DL. (Mr Ilamilton is tlic spouse of ilie Cliairman of tlie Trust, Mrs. J. A. Hainilion.) Note 5- PREPARATION OF FINANCIAL STATEMENTS In coi)Imon witl) many other Charities of our size and nature. we use our accouiitants to assist with tlie preparalion of ihe Financial Statements. Note 6- RESTRICTED FUND The Restricied Fund relates lo Monies transferred froin the fomer Victor Mann Trusl Fund on l April 2022 and whose fund liad narrower cliaritable objectives'.- a) For the promotion of Ilie welfare and conifort of the aged inhabitants of the Borough of Whitley Bay, and b) For the provision of housing accommodation for the poor inhabitants of the said Borough There is a provision in the General Vesting Declaration as follows... "Not-with-standing the aboiye, the trustee of Victor Mann Trusi Fund hereby gives approval to any approach to the Charity Cominission by R W Mann Trust lo vary and widen tl)e charitable objects if deemed appropriate to ensure more appropriate use of the fiinds liereby provided"
Note 6- SCHEDULE OF INSTITUTIONAL DONATIONS I st Forest Hal l Guides 346 (Tyneinouth) ATC Association of Retired Fisliemien B J Diver Veterans Allotment Bedlington Cricket Club B1h Resource & Initiative Centre Blyih Stroke Support Group (CVA Blyth Valley) British Disabled Angling Association Burradon & Camperdown Cominunity Assoc Cambois Priinary School Cancer Researcli UK Chilli Studios CHOYSEZ Cliurch of the Holy Saviour Tynemouth Priory Clean Slate Financial Wellbeing Services CIO Cleaswell Hill Foundation Coast Explorer Scouts Collingwood Bowling Club Conneclcd Voice CONTACT CopingF Wltli Cancer North East CoTbTidge CoinTnunily Partnership Cowpen Quay Coinmunity Association Cranilingiton Nazarene Churcli Cramlingytoii Volunlary Youth Project Crisis UK Cullercoats Methodist Churcli CVA Blyth Valley CygFnus Support D2 Youth Zone Ltd Deaf Awareness N E Dcpaul UK Derwenthaugh Boat Station Dreanishine CIC East End Youth & Community Centre Families in Care Fonvard Assist Friends of Beacon Hill Girls Friendly Society Great North Air Ambulance SeThiice Happy Days Haven Tyneside Lid Headliners (UK) Headway Northumberland Healon Churches Together. (replace 103385) Hospice Care North NorthumbeTland Isabella Community Association Ltd Jack Cliarltoii Disabled Anglers Association Key Enterprises Krazee Krafters Legacare (UK} Ltd Linskill & N Tyneside Cominunity Development Trust Listening Books Listening Ear and Positive Support 1,000 1,000 500 750 500 3.000 1,000 750 1.500 900 500 1,000 2,000 2,000 1,000 1,000 1,000 2,000 1,000 1,000 2,000 2,000 2,000 500 3,000 1.000 1,000 11,500 1,000 2,000 500 2.000 2,000 750 1,500 3,000 1,500 1,500 1,000 2,000 1,100 1,000 2,000 1,250 500 2,000 2,000 500 1,500 1,000 1,000 2,250 750 500 15
Lovaine CommiiTtity Garden Group Macinillaii Cancer Support Maggie, Neivcasile Marie Curie MINE Youth Monkchester Comniunity Association N E Youth New Fordley Juniors Newbiggin by the Sea Genealogy Project Ne,bIggIn JunioTS AFC Newbiggin Trader's Association Newcastle Dog and Cat Shelter Newcastle Gang Show Northuniberland CVA North Shields Fisherniens, Herilage Projeci Norih Tyneside Arl Studio North T)eSide Disability Foruni Noriliern Icc Wlieelcliair Curliiig Club Northern Stage Northumberland Community Enterprise Northuiiibria Youth Action Ltd Park View Project. Pall)layS 4 All People and Drugs Ltd Rcacl Recyke Y'Bike Rise Nortli East Road To Recovery Trust Salute Her UK Ltd Sealon Burn Crickei Club Slielier Sliieldfteld Art Works Sliilboiile Children & Young People's Project Sliiremoor & District Cliildren's 1.reat SPARCS Springfield Community Association St Jol)n's Court Social Group Sl Paul's Communily Partnership The Baby Equipiiieni Loan Service & Toy Library The CiTdan Sailing Trust The Nei Nortli Sliields The Recovery College Collective Limited The Sick Children's Trust The Soldiers Sailors Airnien & Faniilies Association The Tute Tynedale Hospice al Home Tyneside & Northuniberland Mind VONNE - Funding InfonT]alion North East Wallsend Local History Society Wallsend SCC - TS Coinus - Unit 345 West Allolnient Community Centre Woodlawn School YMCA Newcastle YMCA North Tyneside 1,200 1.000 1,000 2,500 1,500 1,500 6,500 1,000 1,000 1,000 1.200 1,000 1,500 1,000 1,500 1,790 2,900 1,000 1,000 1,400 1,000 1.200 1,500 2,000 500 1,000 1.000 1,000 2,000 1,000 1,000 2,000 2,500 800 2,000 750 900 3,500 2,500 2,000 4,000 750 2,000 1,000 1,500 1,500 1,500 2,500 500 2,000 1,000 2,000 1,000 1,000 167390 16