## **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**|**Office (if any)**|**Dates acted if**
**not for whole year**|**Name of person**
**(or body) entitled to**
**appoint trustee (if any)**| |---|---|---|---|---| |**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|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| **1** **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.|| **2** ## **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.| |---|---| ||| ||| **3** ## **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 **4** 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**|**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)**
**(**| 5 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| ||||||||| 6 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. |**C3a Trustee remuneration**
**C4a Trustee expenses**
**C3b Trustee remuneration -**
**details**
**C4b Trustee expenses -**
**details**
**C5 Transactions with**
**trustees and connected**
**persons**
**C2 Grants**|**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|**Individual /**
**institution**
Institution
Institution
Institution
Institution
Institution|**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** 7 ## **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 8