| Trustees' Annual Report | Trustees' Annual Report | Trustees' Annual Report | Trustees' Annual Report | Trustees' Annual Report | for theperiod | for theperiod | for theperiod | ||
|---|---|---|---|---|---|---|---|---|---|
| From | Period start date | To | Period end date | ||||||
| 01 | 04 | 2022 | 31 | 03 | 2023 | ||||
Section A Reference and administration details
| Charity name Other names charity is known by Registered charity number (if any) Charity's principal address |
MGL Foundation Trust | |
|---|---|---|
| MGL Group Foundation Trust | ||
| 1173357 | ||
| Davison House | ||
| Rennys Lane | ||
| Durham | ||
| Postcode | DH1 2RS |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Alan Davison | Chairman | |||
| GarySmith | ||||
| Gillian Reader | ||||
| Kevin Fisher | ||||
| Stephen Christopher Ellis |
||||
| StaceyLee | ||||
| Victoria Pickard | ||||
| Names of the trustees for the charity, if any, (for example, any custodian trustees) |
Name Dates acted if not for whole year
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Names and addresses of advisers (Optional information) Type of adviser Name Address Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
Constitution Type of governing document (eg. trust deed, constitution) MGL Foundation Trust is a Charitable Incorporated Organisation (CIO) How the charity is constituted (eg. trust, association, company) Trustees are appointed by a resolution. Trustee selection methods (eg. appointed by, elected by)
Additional governance issues (Optional information)
All trustees give their time voluntary and receive no remuneration or You may choose to include benefits for this time. additional information, where relevant, about:
-
policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
The objects of the MGL Foundation Trust as described in the constitution are as follows; the prevention or relief or poverty, the advancement of education, the advancement of health and saving lives, the advancement of citizenship or community development, the advancement of arts culture heritage and science, the advancement of amateur sport, the advancement of environmental protection or improvement, relief for those in need by any disadvantage and the promotion of the armed forces of the crown, police, fire, ambulance or rescue services.
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In planning our activities for the period we considered the Charity Commission’s guidance on public benefit at these meetings
The focus of the trustees was to decide how the trust would be funded and to consider requests for help against the stated objects of the trust.
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
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policy on grantmaking;
-
policy programme related investment;
-
contribution made by volunteers.
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Section D Achievements and performance
Summary of the main achievements of the charity during the year
The premises of the Trust are Davison House, Rennys Lane, Co. Durham, DH1 2RS. These premises are provided at no cost to the trust by the MGL Group Limited.
Employees of the MGL Group Limited were asked to consider providing a monthly donation to the trust. All donations given are matched by the MGL Group Limited.
The MGL Group has also committed to, in years of profit, making a further contribution to the Trust. This is at each year end and the contribution will be in addition to the donations referred to above.
Employees may also organise fundraising outside of this which the MGL Group has committed to match.
The trustees met at regular intervals during the period to review the financial position of the trust and to consider any requests for assistance.
During the period, the trust made various donations/awards to requests that were in line with the stated objects of the trust.
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Section E Financial review
We hold cash at bank of £59.198.94 at the year end, all of which is Brief statement of the unrestricted funds. This is all available for distribution in the future in charity’s policy on reserves accordance with the Constitution.
Details of any funds materially Not applicable in deficit
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
The trustees hope to continue to provide awards and assistance to good causes in line with the stated objects of the trust in the coming year.
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Gillian Reader | Kevin Fisher | |
| Trustee | Trustee | |
| 31 October 2023 |
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| MGL Foundation Trust |
MGL Foundation Trust |
MGL Foundation Trust |
1173357 | CC16a | |
|---|---|---|---|---|---|
| For the period from |
1-Apr-22 | To | 31-Mar-23 | ||
| Section A Receipts and payments | |||||
| A1 Receipts Donations 21,008 - - - - - - 21,008 - - Sub total - Total receipts 21,008 A3 Payments Awards 16,902 Bank charges 19 - - - - - - - Sub total 16,922 - - Sub total - Total payments 16,922 Net of receipts/(payments) 4,086 A5 Transfers between funds - A6 Cash funds last year end 55,113 Cash funds this year end 59,199 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ 21,008 - - - - - - - 21,008 - - - 21,008 16,902 19 - - - - - - - 16,922 - - - 16,922 4,086 - 55,113 59,199 |
Last year to the nearest £ |
|
| - | 21,008 | 20,418 | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | 21,008 | 20,418 | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | 21,008 | 20,418 | |||
| - | 16,902 | 13,558 | |||
| - | 19 | 6 | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | 16,922 | 13,564 | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | 16,922 | 13,564 | |||
| - | - | 4,086 | 6,854 | ||
| - | - | - | - | ||
| - | - | 55,113 | 48,259 | ||
| - | - | 59,199 | 55,113 |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Cash at Bank Details Details Details Details Signature Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ 59,199 - - - - - 59,199 - OK OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Kevin Fisher Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| to nearest £ Endowment funds |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Kevin Fisher | 10/31/2023 |