Trustees, Annual Report for the period
WSgON
Period start date
Period end date
2024
From
Section A
Reference and administration details
Charity name
MGL Foundation Trust
Other names charity is known by
MGL Group Foundation Trust
Registered charity number (if any)
1173357
Charity's principal address
Davison House
Rennys Lane
Durham
Postcode
DH12RS
Names of the charity trustees who manage the charity
Dates acted if not for whole
ear
Trustee name
Office lif any)
Name of person lor body) entitled
to a oint trustee
ifan
Alan Davison
Chairman
Gary Smith
Gillian Reader
Kevin Fisher
Stephen
Christopher Ellis
Stacey Lee
Victoria Pickard
Resigned 1010512024
Appointed 1010512024
Alex Wells
10
12
13
14
15
16
17
18
19
20
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name
Dates acted if not for whole
ear
TAR
March 2012

Names and addresses of advisers (Optional information)
e of adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)
Section B
Structure,
overnance and mana
ement
Description of the charity's trusts
Constitution
Type of governing document
How the charity is constituted
MGL Foundation Trust is a Charitable Incorporated Organisation (CIO)
Trustee selection methods
leg apooinled by elecled Dy
Trustees are appointed by a resolution.
Additional governance issues (Optional information)
All trustees give their time voluntary and receive no remuneration or
benefits for this time.
You may choose to include
additional inforrnation, 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
Ob'ectives and activities
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,
olice, fire, ambulance or rescue services.
Summary of the objects of the
charity set out in its
governing document
TAR
March 2012

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.,
ontribution made by
volunteers.
TAR
March 2012

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, DH12RS. These premises are provided at no Gost 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 donationslawards to requests
that were in line with the stated objects of the trust.
TAR
March 2012

Section E
Financial review
We hold cash at bank of £66.019 at the year end, all of which is
unrestricted funds. This is all available for distribution in the future in
accordance with the Constitution.
Brief statement of the
charity's policy on reserves
Details of any funds materially
in deficit
Not applicable
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)
Alan Davison
Kevin Fisher
Chairman & Trustee
Trustee
Date
03 January 2025
TAR
March 2012

(HARITY COMMISSION
FOR ENGLAND AND WALIS
Receipts and payments accounts
CC16a
For the period
from
Section A Receipts and payments
Unrestricted
funds
Restricted
funds
Endowment
funds
Total funds
Last year
to the nearest
to th8 nearest £
to th8 n8ar8$¢ £
to the nearest £
to the nèarast £
A1 Receipts
DonaliDfjS
24.367
24,367
21,008
tota
ross income
or
ARJ
24,367
24,367
21,008
A2 Asset and investment sales.
{see table).
Total ￿ceIptS
24.367
A3Pa
onts
Awards
Bank charge5
17,473
73
17,473
73
16,902
19
Sub total
17,547
17,547
16,922
A4 Asset and investment
urchases
see table
Sub total
Total payments
17,547
17,547
16,922
Net of receipts/(payments)
A5 Transfers be￿een funds
A6 Cash funds last year end
Cash funds this year end
6.820
6,820
4,086
66,019
66.019
59,199
CCXX R1 accounts ISSI
0310112025

Section B Statement of assets and liabilities at the end of the period
Unrestricted
funds
Restricted
funds
Endowment
funds
to nearest £
Categories
Detalls
to n8ar8St £
to n8ar8St £
B1 Cash funds
Cash at Bank
66,019
Total cash funds
66,019
lagre8 balanc&swith re¢eipts and payments
accountlsll
Unrestri¢ted
funds
to nearest £
Restricted
funds
to nearest £
Endowment
funds
to nearest £
Details
Fund to which
asset bèlon s
Cost ltsptionall
Current value
tional
Details
Fund to which
asset belon
Current value
Details
Cost loptionall
B4 Assets retained for the
charity's own use
Fund to which
relates
Amount due
tional
Wh8n dua
tional
Details
B5 Liabilities
Signed by one or ￿ Iruslees on
behalf of all the Iruslees
Date of
approval
natu
Print Name
Kevin Fisher
0310112025
CCXX R2 accounts ISSI
0310112025