2021-04-05-accounts

Trustees	Ms P Bell
	MGL Trust Corporation Limited
Charity number	1188372
Auditor	Royce Peeling Green Limited
	The Copper Room
	Deva City Office Park
	Trinity Way
	Manchester M3 7BG

	Page
Trustees’ report
Independent auditor's report
Statementoffinancial activities
Balance sheet
Statement cf cash flows
Notes to the financial statements	10-14

		Unrestricted
		funds
		2021
	Notes	£
Incomefrom:
Settlor donated funds	3	6,046,471
Investment income	4	219,871
Total income		6,266,342
Expenditure on:
Charitable activities	5	14,170
Net gains/(losses) on investments	9	1,344,184
Net movementin funds		7,596,356
Fund balances at 5 February 2020
Fund balances at 5 April 2021		7,596,356

		2021
	Notes
Fixed assets
Investments	10		7,390,645
Current assets
Debtors	12	97,895
Cashat bank and in hand		118,916
Creditors: amounts falling due within one year	13	210,811 (5,100)
Net current assets			205,711
Total assets less currentliabilities			7,596,356
Income funds
Unrestricted funds			7,596,356
			7,596,356
The-inancial statements were approved by the Trustees on 2OQALMNIOIV
Ms P Bell
Trustee

		2021
	Notes
Cashflowsfrom operating activities Cash absorbed by operations	15		(9,060)
Investing activities
Investment income received		127,976
Net cash generated from/(used in) investing activities			427,976
Net cash used in financing activities
Net increase in cash and cash equivalents			118,916
Cash and cash equivalents at beginning of period			'
Cash and cash equivalents at end of period			118,916

		Listed
		investments
		E
	Cost or valuation
	At 5 February 2020
	Additions	6,046,461
	Valuation changes	1,344,184
	At5 April 2021	7,390,645
	Carrying amount
	At 05 April 2021	7,390,645
	At 05 February 2020
	Investments are held in 8 different unit trusts managed by the investments manager.
11	Financial instruments	2021
		£
	Carrying amountoffinancial assets
	instruments measured at fair value through profit or loss	7,390,645
12	Debtors
		2021
	Amountsfalling due within one year:	£
	Other debtors	91,895
13	Creditors: amountsfalling due within one year
		2021
	Accruals and deferred income	5,100
44	Related party transactions

15	Cash generated from operations	2021
		£
	Surplus for the period	7,596,356
	Adjustments for:
	Investment income recognised in statement of financial activities	(219,871)
	Investments donated in specie	(6,046,461)
	Fair value gains and losses on investments	(1,344,184)
	Movementsin working capital:
	Increase in creditors	5,100
	Cash absorbed by operations	(9,060)
16	Analysis of changes in net funds/(debt)