2021-04-22-accounts - Mr Herbert Miller's Settlement Trust

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APPENDIX 1 OSC r

Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period	Trustees’ Annual Report for the period
	Period start date				Period end date
	Day	Month	Year		Day	Month	Year
From	30	May	2020	To	29	May	2021

Office of the Scottish Charity Regulator

Reference and administration details

Charity name Margaret R Watson’s Charitable Trust Other names charity is known by Registered charity number SC011192 Charity’s principal address Trust Administration 1[st] Floor, Tower Wharf Cheese Lane Bristol Postcode BS2 0JJ

Names of the charity trustees on date of approval of Trustees’ Annual Report

	Trustee name	Dates acted if not for whole year
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	The Royal Bank of Scotland Plc	To 6 April 2021
	Ludlow Trust Company Limited	From 6 April 2021

APPENDIX 1

Reference and administration details

Names of all other charity trustees during the period, if any, (for example, those who resigned part way through the financial period)

Name	Name	Dates acted if not for whole year




Structure, governance and management

Type of governing document Trustee recruitment and appointment
	The Trust is constituted by the Trust Disposition and Settlement dated Eleventh June Nineteen Hundred and Thirty and Codicil dated Twenty-fifth January Nineteen Hundred and Thirty-two, all registered in the Books of Council and Session Tenth June Nineteen Hundred and Thirty-two.
	New trustees are appointed by the existing trustees.

Objectives and activities
Charitable purposes Summary of the main activities in relation to these objects
	The Trust's main objective is to form a committee to which the free annual income is paid and for the Committee in turn to expend the income in their absolute and uncontrolled discretion in alleviation of the distress of the poor of Parkhead District. Applicants for relief must be Protestants and of Scottish parentage and preferably, though not necessarily, born and brought up in the Parkhead District.
	During the year under review the charity made grants in furtherance of the objects above for the public benefit. In determining the activities undertaken the trustees have had regard to the Office of Scottish Charity Regulator’s guidance on public benefit.

APPENDIX 1 Achievements and performance

Summary of the main achievements of the charity during the financial period	During the year the charity made 7 grant payments amounting to £5,216 as set out in the notes to the accounts. During the year under review the investment assets of Watson Bequest Fund Committee (charity number SC018190) were transferred to the charity.

Financial review

Brief statement of the charity’s policy on reserves Details of any deficit Donated facilities and services (if any)	At the end of the reporting period the charity had free reserves amounting to £3,005 (2020: £4,335). The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives, as well ascovering future needs, opportunities, contingencies and risks.

APPENDIX 1 Other optional information

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) Chris Thurlow On behalf of Ludlow Trust Company Limited Position (e.g. Chair) Date 25 February 2022

Enter SC No. below SC011192

APPENDIX 2

Enter charity name below

Margaret R Watson's Charitable Trust

	Margaret R Watson's Charitable Trust	Margaret R Watson's Charitable Trust	Margaret R Watson's Charitable Trust	Margaret R Watson's Charitable Trust	Margaret R Watson's Charitable Trust	Margaret R Watson's Charitable Trust	Margaret R Watson's Charitable Trust	Margaret R Watson's Charitable Trust			SC011192
	Receipts andpayments accounts
	For the period from	Period sta		rt date		to	Period		end date
		Day	Month		Year		Day	Mon	th	Year 2021
		30	May		2020		29	May

Section A Statement of receipts and payments
A1 Receipts	Unrestricted funds to nearest £ 256 3,574 -	Restricted funds to nearest £		Expendable endowment funds to nearest £ 322			Permanent endowment funds to nearest £		Total funds current period to nearest £		Total funds last period to nearest £
Donations				322					578
Legacies									-
Grants									-
Receipts from fundraisingactivities									-
Gross tradingreceipts									-
Income from investments other than land and buildings									3,574		5,630
Rents from land & buildings									-		-
Gross receipts from other charitable activities									-		-
Bank interest									-		41
*A1 Sub total*	3,830	-		322			-		4,152		5,671
A2 Receipts from asset & investment sales				167,753
Proceeds from sale of fixed assets									-
Proceeds from sale of investments				167,753					167,753		113,832
*A2 Sub total*	-	-		167,753			-		167,753		113,832
*Total receipts* A3 Payments
	3,830	-		168,075			-		171,905		119,503
	5,160 1,100			4,231
Expenses for fundraising activities									-
Gross trading payments									-
Investment management costs									-
Payments relating directly to charitable activities									-
Grants and donations									5,160		5,216
Governance costs:									-		-
Audit / independent examination									1,100		350
Preparation of annual accounts									-		-
Legal costs									-		-
Bank fees				4,231					4,231		4,304
									-
**A3 Sub total **	6,260	-		4,231			-		10,491		9,870
A4 Payments relating to asset and investment movements				169,635
Purchases of fixed assets									-
Purchase of investments				169,635					169,635		115,394
**A4 Sub total **	-	-		169,635			-		169,635		115,394
*Total payments* *Net receipts / (payments)* A5 Transfers to / (from) funds *Surplus / (deficit) for year*
	6,260	-		173,866			-		180,126		125,264

	2,430) (	-		5,791) (			-		8,221) (		5,761) (

	1,100			1,100) (					-

	1,330) (	-		6,891) (			-		8,221) (		5,761) (

APPENDIX 2

Margaret R Watson's Charitable Trust

SC011192

Section B Statement of balances	Section B Statement of balances
Categories Signed by one or two trustees on behalf of all the trustees B3 Other assets B5 Contingent liabilities B4 Liabilities B1 Cash funds B2 Investments	Details	Unrestricted funds to nearest £ 4,335 1,330) (	Restricted funds to nearest £	Expendable endowment funds to nearest £	Permanent endowment funds to nearest £	Total current period to nearest £
	Cash and bank balances at start of year			3,373		7,708	13,469
	Surplus / (deficit) shown on receipts and payments account			6,891) (		8,221) (	5,761) (
						-
						-
	Cash and bank balances at end of year (Agree balances with receipts and payments account(s)) Details	3,005	-	3,518) (	-	513) (	7,708
		-	-	-	- asset belongs	-
				Fund to which		Market valuation to nearest £
	Investments			Expendable	endowment	274,626	249,517




	Details		Fund to which	asset belongs	Total Cost (if available) to nearest £	274,626	249,517
						Current value (if available) to nearest £









	Details			Total Fund to which l	-	-	-
					iability relates	Amount due to nearest £





	Details			Fund to which l	Total iability relates	-	-
						Amount due (estimate) to nearest £



	Signature			Print Name	Total	-	-

			_On behalf of_Ludlo Chris Thurlow	w Trust Company	Limited		25 Februa

APPENDIX 2

Margaret R Watson's Charitable Trust

SC011192

Section C Notes to the Accounts

C1 Nature and purpose of Expendable endowment funds are those which are required to be invested to produce income but which funds (may be stated on may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended analysis of funds worksheets) in furtherance of the charity's objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Type of activity or project supported Glasgow NE Foodbank Calton Parkhead CongregationalChurch Parkhead CongregationalChurch Salvation Army QuarryBraePrimary School	Type of activity or project supported Glasgow NE Foodbank Calton Parkhead CongregationalChurch Parkhead CongregationalChurch Salvation Army QuarryBraePrimary School	Number of grants made £	Number of grants made £
		1	920
		1	1,700
		1	1,700
		1	150
		1	690
		Total	5,160

If no remuneration was paid during the period to any charity trustee or person connected to a trustee cross this box (otherwise complete section 3b)
Authority under which paid			£






If no expenses were paid to any charity trustee during the period then cross (otherwise complete section 4b)		this box
	Nature of transaction Fees for administration and investment management	Number of trustees	£





Nature of relationship The Royal Bank of Scotland Plc (Trustee)		Transaction amount (£)	Balance outstanding at period end(£)
The Royal Bank of Scotland Plc (Trustee)	Fees for administration and investment management	4,231	557

C6 Other information

Independent Examiner’s Report to the Trustees of Margaret R Watson’s Charitable Trust

I report on the accounts of the charity for the year ended 29 May 2021 which are set out on pages 5 to 7.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. 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 seeks 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 view given by 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 requirements:
to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations;

have not been met; or

2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

25 February 2022 Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY