CEIARI'YY NVMBER21I9743 THE MACDOUGALL TRUST FINANCIAL STATEMENTS FOR THE YEAR T031St MARCH 21J21 THE MACDOUGALL TRUST INDF.X Dctails of Trust R¢purt ot the Trustees SiaLem¢nl ofFinancial Activilies Balance Sheet Notes to thL Accounts THE MACDOUGALL TRUST DF.TAIIS OFTRUST Charity Commi&sion No. 209743 Fstablished: Ry SknhLmL of ArraiigFcmLnt Dated 31. March 1981 Address: 9 Egdon Drivc Wimborne l)orset BH21 ITY TntsIcL￿'. MTS J.M.C.. C.4rlylL CldrkL Ichdinnan) R.A. Grcgory Esq. (Dcputy C"haim)anl Mrs A.V. Lea M.A. PulmLr F_sq. M.G. Tdylor b.%q. Lady Car(Flinc Salt Mr% J Krct£ MBE Administrdtvr L. Cray Bankers: Lloyds TSB PIC 132 Iligh SirLYI Pi)olc Dorsct Indepcndcnl Ixaminer.. Suc Wintlc fMAAT 27 B(Ls¥utt Road Bournemouth 11118RJ THE MACD(>UC.ALL TRUST REPORT OF THE TRUSTEES For the year to 31. ￿laTch 2021 The Trustees hereby report on thL ¢stablishmcnt and ihc objccts of Thc MacDougall Trust and Lhc aclivitics ofthc Trus1 during the year cnded 31 March 21121. F.51ablishment 'I'he Lharity w&8 e%tdbli4hed undcr a %chcm¢ of Jrrangcmcnt madc by the c.harity COMMI￿1011 and I￿1cd nn.31° M￿Ch 198 l. Thc "Wo￿1ng Ladies Cjuild" (Thc Cjuild) originally stsblishcd in London in April 1877. and Ialer opened d brdnch in B()urn¢mi)uth. Ulldcr thc Lharity L'.ownTnission SLheme the assets uf the Bournemuuth HrJii¢h vf the (iiiild were transferred to the Trustees of the Mact)ougall Trust, and the investments were invested with IhL O￿lLia1 Custodian for ChariliLs. Thc TrustLYs ol-Ih¢ Guild owncd a housL known as Roxbury I IibUSC, in Pi)olc Road. Flournemouth. The name of this housL' was subsequently changcd to the"r)OULFlas Mact)ougall Mcmorial I lom¢" Objects ThL vbjLLts of thL Tru%1 to pr(Ivi(k. for thc bLn¥fit and ¥vcial WLlfarL' c)f pLrsons residLmt in RIuuniLmouth and iii IhL C.vunty ot. l)orsLt and iii thL llLighbourhiM)d thL'fLxif, dnd whu in th npinion ol-lhc Cotnmillee are in r¢JlucLxi and necessilous cArcumslance%. with the ohje¢l or iinproving the condilions ofiifc for.%'uch pcrnons. Th¢ Charily 1% opcn lo applicalions from embcvi Ot the publiL who meet the above Lriterid, dnd operates for publiL benefit lill¢ with Charity Commission guidance. Endowment The TTUSt's capital a55ets consis1 of the original tnvcstmcnts Iransfcrred from lh¢ (iuild, Iog?Lihcr wilh Èhc procccds ofsal¢ of ih¢ DouLblas Ma¢Doubkall Mcmorial HOML. Sincc divcsiincni by thL ofricial Cu%ti)dian for CtwiLi¢8 Ihc Tru.%lce.5 hai'c hcld thc majorily olthe Trust'4 InV￿lm¢￿LS in Charity c.ommon InvesttnLnt Funds. OrEaDisatioD Thc Trustccs are referred io ay the CDmmittce Of Managcmcnt. of whijm thctc musi bc Six petbuns, but nut mor¢ than twelve. 'I'he C'ommittee has the power to dPPVlTIt nttw 'l'rnsteeS tu fill vacaiici¢s iii their number. 'I'he Committee meets four times eaLh Y￿￿ Èv vv¢r•¢f thc managcmcnt ofthe Charily and dislributc Ihc surplus funds in acLordancc with the Trusl's objLcIii'Lg. ThL CominillLL has appoinlLd an ailministratiir who dLals with thL athninistraliijn of the Tntst and distribution of the grants on a fee basis. Investments Th¢ TTu5t,￿ invcstmcnts arc includL.d in the aLcounts at 31st March 2021 at their MaTkL* Valuc ofL211X.11(A {2U211- £1 Y7.1157). a gain in valuc of£1 i.IM17 in ihc ycar. (lo￿ of£1 7.236 in 21120). Full dctail% ofthc Trusl's Inveslmcnts givcn in nolc 5 on pagc 7 ofihe accoun1%. Thc TnLslccs' policy is In hnld the Inajoriiy ofthe fund% (ciirrLnily 4W/o dl Lo%1) in b(In(L% and fixed interesi ￿nds, with th¢ r¢maiuder divided between an equity-bu5ed fund (currenily 200/ #t Lubt) and a property fund {Lurrently 310/0 at cost) with a view to p)tentidl gmwth. THE MACDOUGALL TRUST REPORT OF THE TRUSTEES For the year to 3111 Mareh 2021 (Cont.) Rtseryes Thc Trn%lee8 distribule the nei inLome of the Trngl (Jn a quarterly basis, aiining lo rctain a reservL of around £1.0￿ of unrL'StrILtL￿ fun(Ls to provide for costs 41nd Lm¢rgw¢nry nLcds. Risk A55￿5ment The Trn41e¢s hav¢ considcrcd thc risks to which Ihc Trusl is subjccl and hai'c lakcn stcps l( mitigate the eff￿t of their occurreiice. SpecifiLdlly the'l rubteeb have Lur]bider¢d the investment risk and kre 5aiisfied that the Trust's a&fjets which are held entirely in profcssionally managLYI charil&bl¢ ¢ommon investrnLnt funds aTrd on cxcmpl unTt InLSt are bLlllL. hLld in d prudcnt manncr. Acti￿ti￿ in the Ye•r l)uring thL ycar tho Trust rLTh'ivLd income of £36,831 {2020 - £29,448}, a5 5L* out in tIiL StstLmLnt of Financial ALtivitiLg on pag¢ 4. Tho Tru%lccs mct four timLs to considir ppliLdtiuns, lind tu di%trÈbutL Grdnts and Otfis amouiiting in tothl tv £32.975 (2020- £27.115Y). Includcd in this amounl are granls plcdgcd bul noi Lli%tribuicd ai ihe Ye￿-end amouniing lo £1.601 (2020- £1.S80). 'rhe income in¢ludcd grants amountinbJ to £20.(KIO from th¢ Valcntine'l Nst, {2020 - £20,000). £5.000 from ihe Coop¢r Dean Charitable Tnjst (2020- £nil), £4,(KKI from the CJfLenhill Trust (202(>- nil) and nil inlo thL Moss lund {2020- nil) all ofwhiLh arL hcld as rL'8lriLtLd inLomL.. Cjfdnts dnd p]L￿￿TL4 ami?ulllinbF 10 £2.3.34312020- £26,827) have bLL'n m8dc from ihcse granlg and thc unuscd balanccs fn)m grants r¢¢civcd in prcvious y¢ars from Ihc sam¢ TrusL%, in linc wilh the cril¥ria agr¢cd with Ihcir rcspcclii'c Tn]siccs. An admini.slration fLY of£4110 (2020- nil} h&g been transf¢￿ed Irom thc (ifL¢nhill Trust lo ihe General fund as aLYccd with the Trn8tees of thu¢ Trust. ND changc in policy is anlicipalcd lor Ihc foresecable futu￿. 2L {Signcd) Mrs J.M.C. Carlyl¢-Clarkc Chairtnan ated.. "I'HL MACDnurJALL TRU8'r S-I'A'I'LMLN'I. ()I.- I.'INANCIAL AC'I'IVI-I'IL,S Yeur tt) 3 1st MRrch 2021 Unrc51riLtcd Rcblricicd Tvlal 2021 Tothl 2020 Fund INCOMING RES()URCF.S Volunlary Incon 2Y.O 29.(KK) ?0.5(K> Ittvcslt￿llt Incon 7.¥31 7.531 8.Y41S Total Incoming Resour￿S 29.000 29.448 RESVURCF.S F.XPF.I¥DF.D l)ireLt Charithble Activities 11,0511 26.827 .17.884 J2,298 CJOVCtJtancc CnsLs 542 542 529 l otal Expcnd¢d 11,600 2().827 3X,42C) 32.827 NLt Inc(TrJning InutbT()ingl Rcsourcc5 bctorc Transfcrs -3.76Y 2.173 -1.596 -3.3¥0 TransfeTh beiwcen bunds 4(X) 4(M) Nct Incoming Ioutgoingl Rc¥ournc% for the Ycar -3.36C) 1.773 -1.5()6 -3.3110 OTIIF.R RE￿NvSF.D 6AINb & LOSSES (Jaills (Lo55C51 on R¢valudtio of Invesiments Realiscd liains ()r I n%scs on.%alL l)f Invc%imcnL8 11.007 I l.(M)7 -3.36 1.773 I I.IN)7 9,411 -20.616 FUND BALAJYCES: At 1st April 2020 7.402 5.668 197,056 210,126 230.742 At 3 1st March 2021 £4,033 £7.442 £2n8.064 £21g.5i8 £210.126 'I'htyrL wLfL' nu TEcogni8￿ gains ()r losSL￿ for 2020 or 2021 othcr than thosc includcd in the Ststemenl i)f Fiuancial ALllVttie8. The notcs on 6 10 8 form part ofthese accounts. "I"HP. MACIK)UGALL TRUST BALANCL, SHLLI. as at 3 1st MarLh •021 2021 2020 CAPITAL FUNr) Invesiments. at Markei Valuc 208.065 197.057 INCOMF. FUND Currcnt A￿SCt￿ Liabilities Debtor.$ Cash al Bank 14.145 14.145 15,5VI Crcditors 2.671 Net cu￿￿1 Assets 11.474 1.7.070 £219.5.1 £21(I.120 Represented by: Endowm¢nt Fund R¢8tric¢cd Fund U]￿L￿triCted fund 208.064 7.442 197.056 5.668 7.402 Fund BalancLS £219.538 £21U,126 Thc Frnancial Sta*ments wero approved by the Trus(ces on thcir b¢half by=_ and signcd an (oQc•. T￿StL'L.. MES J Carlyl¢4,'larke Truslee: Mrs A V IL'a Thc nolcs on Piigeb O to 8 lotm part ol'thLbe aLcvunL%. 'I'III.' MACI)()UGAI.I. TRUST NO"I'is'ro i"IlE." ACCOUN-I For Ihc ycar lo 3151 Mawch ?O?I l. AccniJNTINCi POI.ICII.-S 1.1. 'rhL finTrn¢ial slal"mLnls h&vL' PFL'parLd und¢Y IhL hi51orical c(*?1 ¥0tTrvention. and wilh appliLable aiLouniin¥ NtsndariL8. 1.2. 1rtl'LsltllLtil itiLIKnc is ￿flec(L￿ in thc fjnanii￿I slthlLmLnls W￿L￿ tLLLiVid 8Junts' TCCLivublL fry)m G￿1 inakinL'I'nLs1%. txcepi Ihai thc dnnugl &rrnnt Irimi Ihc Valcnlinc'l'ruosc%. and any inpui V1￿ 1 IS Ircaicd as a part of thE Tclcvanl cxp¢ndiiurc. UDtcstricl¢d urKi Re%tFiCt¢d Endowmcni Total 2020 2021 - INVESTMENT INCI)ME M & Ci Charifund Dividcjth M & (i Bond JnciinK' cnir Fixcd Ini¢re%i I)ividtnds Lharilic5 PTiV¢rty Fund l)iviikJ]dy Bank. DL'pv5ii IniLrL%( 2.W9 -347 222U 22.$7 3.1182 .647 2220 2.257 2.2211 2,46.$ -56 £%.1)4X £7.81] £0 £0 £7.83] 3. DIEiI.'C'I' LIIARI'I'AIII.I,' AC-I'IVI'I'IIS 3.1. fJRANTS & PI.E.:I)GE.'S FROM.. fvcncral Fund Grrenhill l.und ValL'ntinL I'und ("Vi?r￿[ Dcan Trund Mobs I,und 6.149 6.149 -1.710 2.1110 21,446 2J.446 1.777 501 26.X27 501 32.975 6.149 ?7.05() 3.2. ADMINISTRATIVE EXPEN%E Man&g¢m¢ni Cliarges (ie]iLtal F.xpctLS Wcb Siic I'.'xpcn* Ilank ('hargLS 4.71 149 4.760 14Y 22 4.￿9 4,909 5,2_79 Ti)L41 DITLCI (ThariublL ALliviliL £11.05 £26.827 137.SR4 £32298 4. GOVI,'RNANCE cos'rs Ac¢wntat)cy 1542 LO io £542 £S29 ¢oc otha 5ry0 Coco ODOO ooog) r4 r4 i o TIII,. MALIX)UGALL"fRUS'r NOI'I.S ID'I'I11.' ACCOUN-IB rorlhe yearto 31si Ma￿h 2021 (C'oni.) 2021 2020 6. DE.'Ii'foRS falling du¢ within onc y Incoine Tax Rccloijnable eiranr due £0 lo 7. C'RFDITORS f'dJlin8 duc wiihin orte year tirants Paythble l¥rJnL% PILxibyLd GuvLYtiancc eQSls DBfcr￿ IncomL 542 551 8. RF.8TRI(".TFD FtJNDg CsTLTnhill Valcniine r nean Moss Tothl BalNllte J%t April 2020 12 1.513 3.fv12 501 Yegr to.Il•t March 21121 INCI)MTr. GrdnL% Re¢eivcd 4.1K)O 20.1 FXPF.NDITIJRF Cinni% Madc Pl¢d8cs OuistJDding 2.090 211U 20,365 2.510 501 25.466 ?1.446 2.510 501 2(),X27 I'￿￿￿re1￿ i&from Urtrestricicd fund 4(Ml B4l¥n¢e at 31st M4rcb 2021 £1,243 167 £6.1.32 £7.442 . TRIJSTEES REMIJNERATION No remutseration Ori)ther￿￿er1I been paid or 1% payable lo any Tr￿tte or col)neL￿1 pcr50th. and no cxp¢tt%c% hJvc bccn paid or arc pa￿bI¢ 10 anyTruylc¢. IQ. C'.APITAL L()MMtrMENTS Ther¢ wctc nocapitgl LonilliitttwLs al.31s1 MDrch ?020 or Ilsi Match I. 31[st] January 2022 The Trustees The MacDougall Trust 9 Egdon Drive Wimborne Dorset BH21 1TY ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** ## **Report to the trustees of The MacDougall Trust** ## **On accounts for the year ended 31[st] March 2021 Charity number: 209743** ## **Respective responsibilities of trustees and examiner** The charity’s trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the Act)) and that an independent examination is needed. ## It is my responsibility to: - Examine the accounts (under section 145 of the Act); - To follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Act), and - To state whether particular matters have come to my attention. ## **Basis of independent examiner’s statement** My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. ## **Independent examiner’s statement** In the course of my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that: - a. proper accounting records are kept (in accordance with section 41 of the Act); and - b. accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: …SueW…. Date: …31/01/2022…. Sue Wintle FMAAT Fellow Member of the Association of Accounting Technicians 27 Bascott Road Wallisdown Bournemouth Dorset BH11 8RJ