|||**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** March **2012** **TAR** 1 **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; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - 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. March **2012** **TAR** 2 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: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. March **2012** **TAR** 3 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. March **2012** **TAR** 4 ## **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: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - 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|| March **2012** **TAR** 5 ||**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|