**Charity registration number 1170225 (England and Wales)** ## **THE MCLAY DEMENTIA TRUST** # **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025** ## **THE MCLAY DEMENTIA TRUST** ## **CONTENTS** ||**Page**| |---|---| |Legal and administrative information|1| |Trustees' report|2 - 5| |Independent examiner's report|6| |Statement of financial activities|7| |Statement of financial position|8| |Statement of cash flows|9| |Notes to the accounts|10 - 17| |Schedule of investments|18| ## **THE MCLAY DEMENTIA TRUST** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mrs Elizabeth Sandra Duggan Mr Roger Duggan Rathbones Trust Company Limited **Charity number** 1170225 **Registered office** 30 Gresham Street London EC2V 7QN **Independent Examiner** Perrys Audit Limited Churchdown Chambers Bordyke Tonbridge Kent TN9 1NR **Investment advisors** Rathbones Investment Management Limited 30 Gresham Street London EC2V 7QN **Financial advisors** Flowers McEwan Limited Stonyroyd House 8 Cumberland Road Leeds LS6 2EF - 1 - ## **THE MCLAY DEMENTIA TRUST** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 5 APRIL 2025**_ The Trustees present their report and accounts for the year ended 5 April 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Trust's deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **Objectives and activities** The McLay Dementia Trust was created by Deed dated 23rd February 2016. The objectives of the Trust is to improve the quality of life of people with dementia in care homes, in their own homes or in the community, in the United Kingdom; including the provision of support to those who care for people with dementia. The Trust supports provision of meaningful activities for people with dementia and their carers. ## **Public benefit** The Trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charities Commission. ## **Grant making policy** The Trustees meet half-yearly to consider grant application requests in addition to its existing grants. They then decide upon the appropriate distribution bearing in mind the Trust's net income and capital availability as they see fit for the year ahead. ## **Grants** Forty-three grants were made by the Trustees during the year, the recipients of the grants are listed in note 20 of these financial statements. ## **Investment performance** As at 5th April 2024, the portfolio was valued at £299,714. Through a number of stock injections and cash withdrawals over the following year, net outflows from the portfolio amounted to £126,586, with the portfolio value sitting at £173,128 as at 5th April 2025. The portfolio returned 1.64% over the 12 month period ending 5th April 2025, besting the return achieved by the MSCI PIMFA Conservative benchmark, but underperforming the ARC Cautious benchmark. As I'm sure you will know, the return is calculated on a time-weighted basis, which ensures that the impact of any deposits and withdrawals is removed. Over the period, ethical investment funds delivered mixed results. While some ESG-aligned sectors such as sustainable infrastructure and green technology have shown resilience, the broader category of ethical funds has generally underperformed compared to traditional benchmarks such as the ARC Cautious. This divergence is partly due to sectoral exposure, with many ethical funds overweight in growth-oriented industries like technology and renewables, which have been more sensitive to recent macroeconomic shifts. To understand this underperformance, it is also important to consider the wider context of the past three or more years. Ethical investing gained significant momentum during the pandemic and the immediate post-pandemic recovery period. During that time, there was a surge in investor interest driven by heightened awareness of climate change, social justice and corporate accountability, along with a low interest-rate environment favouring companies with good growth prospects. This led to strong inflows into ESG funds and a period of outperformance, particularly in 2020 and early 2021. However, headwinds have emerged since then. Rising interest rates have disproportionately affected growth stocks, which are commonly held in ESG portfolios. Additionally, inflationary pressures and geopolitical instability, including the war in Ukraine and energy market disruptions, have shifted investor focus towards short-term stability and traditional energy sectors, which are often excluded from ethical funds. - 2 - ## **THE MCLAY DEMENTIA TRUST** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2025**_ These factors have contributed to a more challenging environment for ethical funds, especially those heavily weighted in growth-oriented sectors like technology and renewables. As a result, the past year's subdued performance reflects not only immediate market conditions but also a broader reassessment of how ethical investing fits into diverse portfolios. While the long term case for sustainable investing remains compelling, the sector is currently navigating a period of adjust and recalibration. ## **Financial review** Total incoming resources were £233,580 (£413,791 in 2024), with £399,513 (£356,416 in 2024) being committed to charitable activities and £1,783 (£1,798 in 2024) relating to costs of raising funds, resulting in net decrease of resources of £169,166 (increase £60,662 in 2024). The total movement of resources in the year also include the realised loss in the year £883 (gain £3,571 in 2024) and an unrealised loss based upon the market value of the investments at the year end of £567 (gain £1,514 in 2024). ## **Reserves policy** At present, the Trustees have a balanced investment policy and distribute both income generated and reserves brought forward for their grant making program. The Trustees, based on funds committed and the anticipated strategy of offering significant levels of funding to several projects, are of the opinion that the current level of reserves will support the Trust for a further 2 to 3 years. The balance held as unrestricted reserves at 5 April 2025 was £158,614. ## **Investment policy** As there are no specific restrictions of investment powers under the governing deed, the Trustees have full discretion over the investments. The Trustees have delegated their investment powers to Rathbones Investment Management Ltd to have full discretionary day to day control of the investments. In accordance with the Trustee Act 2000, as this duty has been delegated, the Trustees have in place a policy statement that has been agreed with Rathbones Investment Management Ltd. The Trustees have reviewed current policies and do not feel any amendments are necessary. Assets have been acquired and disposed of in accordance with the powers available to the Trustees. ## **Risks** The Trustees have identified major risks and believe that appropriate action has been taken to mitigate these risks. The Trustees will continue to keep the adequacy of the systems in place under review. ## **Plans for the future** The Trustees decided to wind up the charity and the next year's accounts to April 2026 will be the charity's final ones. The basis of going concern is still applied in this year's accounts. ## **Structure, governance and management** The Trustees who served during the year were: Mrs Elizabeth Sandra Duggan Mr Roger Duggan Rathbones Trust Company Limited - 3 - ## **THE MCLAY DEMENTIA TRUST** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2025**_ The Trust's other advisors are noted on page 1. The individuals who were directors of Rathbones Trust Company Limited were: Miss Linda Joyce Cousins (resigned 31.12.24) Mr Trevor Harris Mr James Stephen Hurrell (resigned 06.06.25) Mr Bruce Robert Newbigging (resigned 31.12.24) Mr Alexander Richmond Mr Robert Paul Stockton (resigned 06.06.25) Mrs Kerry Roberts Ms Anna Frost Suhajova ## **Decision-making structure** Grant applications and reports received from potential donees are considered three times at half-yearly meetings. A full review is undertaken at an annual meeting when the financial statements are available. Investment performance and income levels are monitored half yearly at meetings with the investment managers. ## **Appointment of new trustees** The power of appointing new and/or additional Trustees is vested in the Settlor during her lifetime and in her will if necessary. ## **Trustee training** The Trustees correspond and meet with their professional advisors regularly and the advisors are specifically instructed to appraise the Trustees of relevant technical issues as they arise. - 4 - ## **THE MCLAY DEMENTIA TRUST** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2025**_ ## **Statement of Trustees' responsibilities** The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to: - a) select suitable accounting policies and apply them consistently; b) observe the methods and principles in the Charities SORP; - c) make judgments and accounting estimates that are reasonable and prudent; - d) state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. - e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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. Approved by the board of trustees and signed on behalf by: ............................................................. ........................................ ..................................... **Mr Trevor Harris Rathbones Trust Company Limited Mrs Elizabeth Sandra Duggan Mr Roger Duggan** Trustee Trustee Trustee Dated: ......................... Dated: ......................... Dated:......................... - 5 - ## **THE MCLAY DEMENTIA TRUST** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF THE MCLAY DEMENTIA TRUST** I report to the Trustees on my examination of the financial statements of The McLay Dementia Trust (the Trust) for the year ended 5 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and related notes. This report is made solely to the Charity’s Trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed. ## **Respective responsibilities of Trustees and examiner** As the Trustees of the Trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the Trust’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - (i) accounting records were not kept in respect of the charity as required by section 130 of the Act; or - (ii) the financial statements do not accord with those records; or - (iii) the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. **.........................................** ## **Stephen Hale FCA FCCA For and on behalf of Perrys Audit Limited** Chartered Accountants Churchdown Chambers Bordyke Tonbridge Kent TN9 1NR - 6 - ## **THE MCLAY DEMENTIA TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 5 APRIL 2025**_ |**2025**
**Notes**
**£**
**Income**
Donations and legacies
**3**
221,258
Investments
**4**
11,878
Other income
**5**
444
**Total income**
233,580
**Expenditure**
Raising funds
**6**
1,783
Charitable activities
**7**
399,513
**Total resources expended**
401,296
**Net expenditure before investment profits**
(167,716)
Net profits on investments
**12**
(1,450)
**Net movement in funds**
(169,166)
Fund balances at 6 April 2024
327,780
**Fund balances at 5 April 2025**
158,614|**2024**
**£**
408,845
4,402
544| |---|---| ||413,791| ||1,798
356,416| ||358,214| ||55,577
5,085| ||60,662
267,118| ||327,780| The statement of financial activities includes all gains and losses recognised in the year. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 7 - ## **THE MCLAY DEMENTIA TRUST** ## **STATEMENT OF FINANCIAL POSITION** ## _**AS AT 5 APRIL 2025**_ |**2025**
**Notes**
**£**
**Fixed assets**
Investments
**13**
**Current assets**
Debtors
**14**
-
**Creditors: amounts falling due within**
**one year**
**15**
(14,514)
Net current (liabilities)/assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds
The accounts were approved by the Trustees on .........................
..............................
...................................................
**Mr Trevor Harris**
**Rathbones Trust Company Limited**
**Mrs Elizabeth Duggan**
Trustee
Trustee|**2024**
**£**
**£**
173,128
208,770
(180,704)
(14,514)
158,614
158,614
158,614
..............................
**Mr Roger Duggan**
Trustee|**£**
299,714
28,066| |---|---|---| |||327,780| |||327,780| |||327,780| |||| - 8 - ## **THE MCLAY DEMENTIA TRUST** ## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 5 APRIL 2025**_ |**2025**
**2024**
**Notes**
**£**
**£**
**£**
**Cash flows from operating activities**
Cash absorbed by operations
**18**
(137,014)
**Investing activities**
Purchase of investments
(429,143)
(761,535)
Proceeds on disposal of investments
580,782
743,520
Dividends and interest received
11,878
4,402
**Net cash generated from/(used in)**
**investing activities**
163,517
**Net increase/(decrease) in cash and cash**
**equivalents**
26,503
Cash and cash equivalents at beginning of year
4,820
**Cash and cash equivalents at end of year**
**19**
31,323|**£**
(43,776)
(13,613)
(57,389)
62,209
4,820| |---|---| - 9 - ## **THE MCLAY DEMENTIA TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 5 APRIL 2025**_ ## **1 Accounting policies** ## **Charity information** The McLay Dementia Trust is an unicorporated charity. ## **1.1 Accounting convention** The accounts have been prepared in accordance with ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second Edition)’ and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. ## **1.2 Going concern** The trustees consider there are no material uncertainties about the Charity’s ability to continue as a going concern. The review of our financial position, reserves levels and future plans gives Trustees confidence the charity remains a going concern for the foreseeable future. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. ## **1.4 Incoming resources** Investment income is accounted for on an accruals basis in the period to which it relates. Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Donations made in specie are accounted for at their open market value when received. ## **1.5 Debtors** Debtors are receivable at their expected settlement amount. ## **1.6 Cash and cash equivalents** Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **1.7 Creditors** Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due. ## **1.8 Resources expended** Management and administration costs comprise those costs incurred in running the charity. They have been apportioned on the basis of time spent between charitable activities, cost of raising funds and governance costs. Governance costs consist of those costs associated with the overall running of the charity and meeting statutory and regulatory requirements. Grants are included in the financial statements when approved by the Trustees and notified to recipients. The value of committed grants unpaid at the year end is accrued. Grants offered that are subject to conditions that have not been met at the year end are noted as a commitment but not accrued as expenditure. - 10 - ## **THE MCLAY DEMENTIA TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2025**_ ## **1 Accounting policies** ## **(Continued)** ## **1.9 Financial instruments** Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in net income/(expenditure), except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment. ## **1.10 Investments** Fixed assets investments represent listed investments which are stated at market valuation, where market value represents the mid market value on the last trading day before the year end. Any unrealised or realised gains arising from investments are accounted for in the Statement of Financial Activities. ## **2 Critical accounting estimates and judgements** In the application of the Trust’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Donations and legacies** |Investments donated
**4**
**Investments**
UK dividends
Unit trust interest|**2025**
**£**
221,258|**2024**
**£**
408,845| |---|---|---| |||**2024**
**£**
4,241
161| |||| ||**2025**
**£**
3,187
8,691
11,878|| |||4,402| - 11 - ## **THE MCLAY DEMENTIA TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2025**_ |**5**
**Other income**
Bank interest
**6**
**Raising funds**
Investment management fees
**7**
**Grants payable**
Grants to institutions:
Education
Elderly
Medical & Hospices
Music & Theatre
General Charities
**8**
**Support costs**
Trust management fee
Advisor fee
Independent examination fee||||**2025**
**£**
444|**2024**
**£**
544| |---|---|---|---|---|---| ||||||**2024**
**£**
1,798| ||||||| |||**2025**
**£**
7,200
861
2,191
10,252|||| ||||||| ||**Support**
**costs**
**Governance**
**costs**
**£**
**£**
-
7,200
-
861
-
2,191
-
10,252||||| ||||||**2024**
**£**
54,000
129,950
79,176
55,000
26,000| ||||||344,126| ## **9 Trustees** Rathbones Trust Company Limited received Trust management fees of £6,000 inclusive of VAT during the year. An additional charge of £1,200 inclusive of VAT relates to the previous year's accounts. Other than the above, no Trustees received any remuneration, reimbursed expenses or benefits from the charity during the year. - 12 - ## **THE MCLAY DEMENTIA TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2025**_ ## **10 Employees** There were no employees during the year, or previous year. ## **11 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **12 Net gains on investments** |(Loss)/Gain on revaluation of investments
(Loss)/Gain on sale of investments|**2025**
**£**
(567)
(883)
(1,450)|**2024**
**£**
1,514
3,571| |---|---|---| |||5,085| ## **13 Fixed asset investments** ||**Listed**|**Cash in**|**Total**| |---|---|---|---| ||**investments**|**portfolio**|| ||**£**|**£**|**£**| |**Cost or valuation**|||| |At 5 April 2024|294,894|4,820|299,714| |Additions|429,143|-|429,143| |Realised gain|(883)|-|(883)| |Unrealised gain|(567)|-|(567)| |Cash available to invest|-|26,503|26,503| |Disposals|(580,782)|-|(580,782)| |At 5 April 2025|141,805|31,323|173,128| |||**2025**|**2024**| |||**£**|**£**| |Listed investments||141,805|294,894| |Cash in investment portfolio||31,323|4,820| |||173,128|299,714| |Historic cost of investments||147,350|297,339| - 13 - ## **THE MCLAY DEMENTIA TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2025**_ ## **14 Debtors: amounts falling due within one year** |**Debtors: amounts falling due within one year**||| |---|---|---| |Investment proceeds receivable
**Creditors: amounts falling due within one year**
Trust management fee
Investment management fee
Advisor fee
Independent examiner fee
Other creditors|**2025**
**£**
-
**2025**
**£**
12,000
260
104
2,150
-
14,514|**2024**
**£**
208,770| |||**2024**
**£**
4,800
503
201
2,100
173,100| |||180,704| **15 Creditors: amounts falling due within one year** ## **16 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 6 April**|**Incoming**|**Resources**|**Gains and**|**At 5 April**| |---|---|---|---|---|---| ||**2024**|**resources**|**expended**|**losses**|**2025**| ||**£**|**£**|**£**|**£**|**£**| |General funds|327,780|233,580|(401,296)|(1,450)|158,614| |**Previous year:**|**At 6 April**|**Incoming**|**Resources**|**Gains and**|**At 5 April**| ||**2023**|**resources**|**expended**|**losses**|**2024**| ||**£**|**£**|**£**|**£**|**£**| |General funds|267,118|413,791|(358,214)|5,085|327,780| ## **17 Related party transactions** During the year the settlor donated investments with a value of £221,258. Rathbones Investment Management (RIM) and Rathbones Trust Company (RTC) are both wholly owned subsidiaries of Rathbones Group Plc. The investment management is undertaken by RIM at their standard terms as offered to other charities, RTC are not obliged to appoint or retain RIM as investment managers but do so on the basis that the terms and performance have been satisfactory when compared to alternative providers of investment management. The matter is monitored and kept under review to ensure that the charity receives appropriate and cost effective investment management services. The fees paid to Rathbones Investment Management Ltd totalled £1,783 for the year. - 14 - ## **THE MCLAY DEMENTIA TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2025**_ |**18**
**Cash generated from operations**
(Deficit)/surpus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Loss/(gain) on disposal of investments
Fair value gains and losses on investments
Movements in working capital:
Decrease/(increase) in debtors
(Decrease)/increase in creditors
**Cash absorbed by operations**
**19**
**Cash and cash equivalents**
Cash at bank and in hand
Cash available to invest|**2025**
**2024**
**£**
**£**
(169,166)
60,662
(11,878)
(4,402)
883
(3,571)
567
(1,514)
208,770
(140,781)
(166,190)
45,830
(137,014)
(43,776)
**2025**
**2024**
**£**
**£**
-
-
31,323
4,820
31,323
4,820| |---|---| ||| - 15 - ## **THE MCLAY DEMENTIA TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2025**_ ## **20 Donations made during the year** |**Donations made during the year**||| |---|---|---| ||**2025**|**2024**| ||**£**|**£**| |Age UK Exeter|10,000|9,000| |Age UK Brighton Hove|-|10,000| |Age UK Sth Gloucester|10,000|-| |Age UK Westminster|-|10,000| |Albion in the Community|-|6,000| |Alzheimers Support|-|10,000| |Anglia Ruskin University|5,000|-| |Arts 4 Dementia|15,000|15,000| |ARU|-|10,000| |BBO Wildlife|-|2,000| |Brendoncare Foundation|-|7,176| |Brighton & Hove Albion|12,000|-| |CBSO|-|9,000| |Children's Scrapstore|3,000|-| |Conservation Volunteers|-|9,000| |Culture & Sport Glasgow|24,816|-| |Daybreak|10,000|-| |De La Warr Pavilion|3,532|-| |Dementia Concern|8,000|-| |Dementia Forward|22,000|| |Dementia Matters-Here|15,000|| |Dementia Studio|5,000|-| |Dementia Support - Hampshire|8,000|-| |Dementia Support - Sage House|7,500|5,000| |Downs Syndrome Association|-|9,000| |Edinburgh Leisure|8,000|25,000| |Eric Liddell|10,000|20,000| |ESO|8,000|8,000| |Forest of Avon Trust|19,107|-| |Forget Me Nots|9,334|-| |Guild Care|6,000|6,000| |Halle Concerts Society|10,000|-| |Kirrie Connections|-|10,000| |Leeds Heritage Theatre|-|5,000| |Leeds Theatre Trust|5,000|-| |Live Music Now|8,000|-| |MEDIC Alert|-|15,000| |Music for my Mind|10,000|-| |Music in Hospitals & Care|5,000|10,000| |Music Therapy Works|-|9,000| |My Life Films|-|9,000| |Newlyn Gallery||5,000| |Nordoff Robins|5,535|-| |Orchestra of the Swan|10,000|-| |Playlist for Life|-|9,000| |Rice|-|9,000| |Royal Trinity Hospital|7,500|-| |Sensory Trust|12,500|9,000| |Sinfonia Viva|7,500|-| - 16 - ## **THE MCLAY DEMENTIA TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2025**_ |**20**
**Donations made during the year**
Song Haven UK
Sounds of Intent
St Clare's Hospice
St George's Hospital
St Joseph's Hospice
St John's Hospice NW
St Johns Winchester
St Lukes - DASH Dementia
Tapestry Day Club
The Bridge Project
The Good Company People
Time to Talk
Wakefield Hospice
Ulster Orchestra
University of Strathclyde
YODSP / St Georges|**(Continued)**
14,000
8,950
-
15,000
10,000
-
8,000
5,000
5,000
1,756
-
7,500
9,000
5,000
5,000
3,000
15,000
-
4,731
2,950
-
15,000
8,000
-
10,000
10,000
-
10,000
389,261
344,126|**(Continued)**
14,000
8,950
-
15,000
10,000
-
8,000
5,000
5,000
1,756
-
7,500
9,000
5,000
5,000
3,000
15,000
-
4,731
2,950
-
15,000
8,000
-
10,000
10,000
-
10,000
389,261
344,126| |---|---|---| |||344,126| - 17 - ## ## |**Gross Income**||**£**| |---|---|---| |**Market Value**|**5 April 2025**|**£**| |**Holding**|**5 April 2025**|**£**| |**Unrealised**|**Profit/(loss)**|**£**| |**Realised**|**Profit/(loss)**|**£**| |**Disposals**|**Quantity**
**Proceeds**|**£**| ||**Cost**|**£**| |**Additions**|**Quantity**|| |**Market Value**|**6 April 2024**|**£**| |**Holding**|**6 April 2024**||