## **Edward McDonald Trust Annual Report and Accounts 2020-21** Charity registration number: 207551 Town Hall St Mary’s Isles of Scilly TR21 0LW ## **Ex-officio trustees** Canon Perran Gay, Chairman Revd Carole Holmes (from August 2021) Revd Michael Pullan (to August 2021) The ex-officio trustees are the incumbent of the ecclesiastical parish of the Isles of Scilly and the Superintendent Minister of the Isles of Scilly Methodist Circuit. ## **Nominative trustees** Mrs Margaret Davis (re-appointed May 2021) Mrs Frances Grottick (re-appointed May 2021) Mr Joel Williams (re-appointed May 2021) The nominative trustees are appointed for four-year terms by the Council of the Isles of Scilly. ## **Clerk** Mr Joseph Payne ## **Governing document** Charity Commission scheme of 15 February 1974 ## **Charitable purposes** To pay the following yearly sums prescribed by the donor: - £10 for the provision of a treat for local schoolchildren; - £10 to the Shipwrecked Mariners’ Society; and - £12 to the authorities of Old Town churchyard. To apply the remaining income for such charitable institutions, organisations or purposes within the Isles of Scilly as the trustees think fit. ## **Activities and achievements** The Trust played a central role in launching and administering a Coronavirus Hardship Fund (CHF) for the islands, an initiative that was also supported by the Council of the Isles of Scilly, the Duke of Cornwall’s Benevolent Fund and the Richard Addison Trust. More than £30,000 was donated by members of the public, most of this through a GoFundMe campaign that was kindly set up by Charlotte Newton. Significant contributions were also received from Cornwall Community Foundation and from the Lord Phillimore Charitable Settlement. About £10,000 of the CHF was distributed by the Council in the form of food vouchers or payments on account to local grocery stores. A total of 31 households from all five islands received varying levels of support, from £50 to £800 depending on the circumstances. Other payments have also been made from the CHF, notably to Bryher Shop for the fitting of safety screens and for vehicle repairs to facilitate deliveries to shielding customers. The Trust continued its long-running tradition of distributing cash gifts at Christmas: - a total of £3,500 from general funds was shared between 30 households - a total of £800 from the CHF was shared between 13 households that had previously received support from the Fund The Trust contributed £1,000 towards a feasibility study for a new Museum / cultural centre / community space on St Mary’s that was commissioned by the Council of the Isles of Scilly, the Islands Partnership and the Duchy of Cornwall. After contributing a slightly larger amount for 2019-20 (£1,511.39) to cover the cost of routine inspections, the trustees returned to a flat sum of £1,500 for the Garrison Play Park in 2020-21. This marked the conclusion of the four-year commitment to support the Park that was made in Nov 2017. A review will take place in 2021-22 to determine whether to continue this support into the future. The Trust received £1,000 from the Surviving Winter Fund administered by Cornwall Community Foundation. These funds were distributed after the financial year end so further details will be provided in next year’s annual report. ## **Public benefit statement** The trustees have complied with the duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties. ## **Policy on reserves** Under normal circumstances, the Trust will look to maintain a cash balance of £10,000 for immediate working purposes. Sums of cash in excess of £10,000 will usually be invested in an appropriate investment fund. |**Accounts 2020-21**|£|£|£| |---|---|---|---| |**Cash balance in hand, 1 Apr 2020**|||| |General funds|||11,523.62| |**Income**|||| |General funds|||| |Dividends||6,011.51|| |Coronavirus Hardship Fund|||| |GoFundMe donations|20,416.03||| |Direct donations|9,588.50||| |Cornwall Community Foundation|3,000.00||| |Lord Phillimore Charitable Settlement|2,500.00||| |Facebook donations|527.63||| |||36,032.16|| |Surviving Winter Fund|||| |Cornwall Community Foundation||1,000.00|| |Total income|||43,043.67| |**Payments**|||| |General funds|||| |Standing orders:|||| |Parochial Church Council|1,000.00||| |Five Islands Academy|100.00||| |Shipwrecked Mariners Society|100.00||| |Christmas distribution:|||| |Cash gifts|3,500.00||| |Park House Comfort Fund|200.00||| |Cash gift reissues, 2019|200.00||| |Hamper, 2019|90.24||| |Play parks, 2019-20|1,511.39||| |Play parks, 2020-21|1,500.00||| |Museum feasibility study|1,000.00||| |Christmas Lights Fund|500.00||| |Emergency reserves for social care services|430.00||| |Meals on wheels|322.40||| |U3A floral display, 2021|250.00||| |Bench repair|234.00||| |U3A floral display, 2020|200.00||| |U3A floral display, Christmas 2019|100.00||| |||11,238.03|| |Coronavirus Hardship Fund
Food vouchers/payments on account
Bryher Shop
Flooring costs
Roofing costs
Direct support payments
Christmas cash gifts to CHF recipients
White goods
Carpet and hoover
Bicycle and safety equipment
Total payments
9,675.00
2,316.74
1,000.00
1,000.00
850.00
800.00
350.00
300.00
200.00
16,491.74
**Cash balance in hand, 31 Mar 2021**
General funds
Coronavirus Hardship Fund
Surviving Winter Fund
Total cash balance in hand
6,297.10
19,540.42
1,000.00|27,729.77
26,837.52| |---|---| |**Statement of Assets held, 31 Mar 2021**
Units
COIF Charities Investment Fund (471520001T)
394.21
COIF Charities Investment Fund (471520002T)
6,500.08
COIF Charities Investment Fund (471520003T)
59.13
COIF Charities Ethical Investment Fund (471520001AA)
18,511.34
M&G Investments: Charifund (24022029)
1,302.00
Isles of Scilly Steamship Company shares
Cash balance in hand
1,156.00|£
7,066.77
116,523.03
1,059.99
50,659.98
19,170.78
4,681.80
26,837.52| ||225,999.87| The IOSSC shares are nominally valued at £4.05 per share ## **How to support the Edward McDonald Trust** Donations can be made by bank transfer to the account details below. Account name: Trustees of E McDonald Sort code: 30-96-56 Account number: 00845248 A Gift Aid declaration is provided below. If you are eligible for Gift Aid, and have not yet completed a declaration, please send the completed form to joseph.payne@scilly.gov.uk or to the Town Hall address above. You can also support us when purchasing from Amazon by selecting the Edward McDonald Trust as your chosen charity for AmazonSmile. ## **Edward McDonald Trust Gift Aid Declaration** Boost your donation by 25p of Gift Aid for every £1 you donate. Gift Aid is reclaimed by the Edward McDonald Trust from the tax you pay for the current tax year. Your address is needed to identify you as a current UK taxpayer. ## **In order to Gift Aid your donation you must mark the box below:** I want to Gift Aid my donation of £______________ and any donations I make in the future or have made in the past four years to the Edward McDonald Trust. I am a UK taxpayer and understand that if I pay less Income Tax and/or Capital Gains Tax than the amount of Gift Aid claimed on all my donations in that tax year it is my responsibility to pay any difference. ## **My Details** Title: First name or initial(s): Surname: Full Home address: Date: Signature: If you wish to complete this form electronically, you can leave the signature blank. Please notify us if you want to cancel this declaration, change your name or home address, or you no longer pay sufficient tax on your income and/or capital gains. If you pay Income Tax at the higher or additional rate and want to receive the additional tax relief due to you, you must include all your Gift Aid donations on your Self-Assessment tax return or ask HM Revenue and Customs to adjust your tax code. I would like to receive a digital copy each year of the Annual Report and Accounts of the Edward McDonald Trust. Independent examinerfs report to the trustees of the Edward McDonald Trust I report to the trustees on my examination of the accounts of the Edward McDonald Trust (the Trust) for the year ended 31 March 2021. Responsibilities and basis of report As the chartty trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the ACY). I report in respect of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examinerfs 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= or 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 accounts to be reached. Signed: Name: Ptvl? A￿TreE GAIJERS. Relevant professional qualification or membership of professional bodies (if any): Address: Sr Fl*£y., ISLCS OF 11 OIL Date: 7Th 2bcEMSEk Zo 11 .