## THE MARY ROBERTSON TRUST Registered charity number: 327900 **Annual Report and Financial Statements Year ended 5 April 2021** ## Trustax Services Limited Howitt Building Lenton Boulevard Nottingham NG7 2BY Annual Report and Financial Statements Year ended 5 April 2021 Page 1 ## THE MARY ROBERTSON TRUST ||Page| |---|---| |Legal and administrative information|2| |Report of the trustees|3| |Accountants' report|4| |Statement of financial activities|5| |Balance sheet|6| |Notes to the financial statements|7 to 10| THE MARY ROBERTSON TRUST Legal and administrative information Year ended 5 April 2021 Page 2 |**Governing document:**|Deed dated 11 July 1988| |---|---| |**Settlor:**|Miss Mary Forrest Robertson| ||(Deceased 21 March 2013)| |**Trustees:**|Professor Christopher O'Brien, OBE| ||Anthony Huntington| ||Leslie Morley| ||Helen Scott| ||Pam Collins| |**Charity registration number:**|327900| |**Administrative address:**|c/o Paragon Law| ||7 Broad Street| ||Nottingham| ||NG1 3AJ| |**Investment manager:**|Quilter Cheviot| ||Provincial House| ||37 New Walk| ||Leicester| ||LE1 6TU| |**Accountants:**|Trustax Services Limited| ||V15 Howitt Building| ||Lenton Boulevard| ||Nottingham| ||NG7 2BY| |**Solicitors:**|Freeths LLP| ||80 Mount Street| ||Nottingham| ||NG1 6HH| |**Bankers:**|National Westminster Bank| ||19 High Road| ||Beeston| ||Nottingham| ||NG9 2JX| THE MARY ROBERTSON TRUST Trustees' report Year ended 5 April 2021 Page 3 The Trustees present their report and financial statements for the year ended 5 April 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements (page 7) and comply with the Trust Deed dated 11 July 1988, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities 2005. The Trustees confirm that in reviewing and determining the objectives and activities for the year and in the future, they have referred to the guidance contained in the Charity Commission General Guidance on public benefit. ## **Structure, governance and management** The Trust was created by a Deed on 11 July 1988 by Miss Mary Forrest Robertson with an initial gift from her. The Trust is managed by the Trustees, as shown on page 2. ## **Objectives and activities** The objective of the Trust is General Charitable Purposes by making grants to individuals and organisations for the benefit of: Children and young people Elderly and old people People with disabilities Other charities and voluntary bodies ## **Grant making policy** The Trustees meet normally twice per year to consider applications and to make donations for general charitable purposes in line with the objectives of the Trust. Donations can also be approved where necessary between meetings. All applications are considered. The Trust has been particularly interested in benefitting people from the East Midland areas of the UK. ## **Key achievements for 2020/21** The Trust has made a total of 43 donations and grants over the year totalling £104,734. ## **Public benefit statement** The Trust directly meets the needs of the public by continuing to target the majority of its donations towards supporting those organisations which provide services for young people, the disadvantaged, the homeless, the elderly and the sick. ## **Financial review and investment policy** The Trust's assets derive entirely from the benefactions from its founder which are invested in a fund managed by Quilter Cheviot. The Trust maintains a conservative attitude towards risk. Its investment portfolio is spread widely and is managed to maintain the value of the fund while generating a reasonable income from dividends for disbursement. Both the capital growth and the income generated from dividends have exceeded the industry average for the year. The Trust seeks to make annual donations equivalent in value to the return on its investments. Page 4 ## THE MARY ROBERTSON TRUST Accountants' report Year ended 5 April 2021 We have prepared the financial statements for the year ended 5 April 2021 set out on pages 5 to 9 from the primary records of the Trust and the information provided by the Trustees. We have not carried out an audit. L Hindocha 8 November 2021 Director Trustax Services Limited V15 Howitt Building Lenton Boulevard Nottingham NG7 2BY THE MARY ROBERTSON TRUST Statement of financial activities Year ended 5 April 2021 Page 5 **----- Start of picture text -----**
Unrestricted funds 2021 Unrestricted funds 2020
Notes £ £ £ £
INCOME AND EXPENDITURE
Incoming resources from
generated funds:
Investment income
1 Listed security dividends #### 41,298 58,286
2 Other dividends 9,514 9,514 12,942
3 Listed security interest #### 10,231 13,515
5 Foreign dividends #### 15,730 13,425
6 Foreign interest 181.00 1,694 1,694 3,051
Total incoming resources 78,467 101,219
Resources expended
Cost of generating funds
### Investment management fees 18,782 19,524
Charity activities
Donations and grants 2 104,690 133,065
Governance costs
Accountancy charges 1,100 1,000
Bank charges 44 22
Total resources expended 124,616 153,611
Net outgoing resources (46,149) (52,392)
Other recognised gains and losses:
Realised gains less losses for the year (13,504) 45,992
Net movements in funds (59,653) (6,400)
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## THE MARY ROBERTSON TRUST **----- Start of picture text -----**
Balance sheet
As at 5 April 2021 Page 6
2021 2020
Notes £ £ £ £
Fixed assets investments
Listed securities at book value 3 2,573,803 2,618,121
Current assets
Cash at bank 19,009.50 19,010 34,245
Creditors: amounts falling due within
one year
Accrued charges 4 1,100 1,000
Net current assets 17,910 33,245
Net assets 2,591,713 2,651,366
- -
Funds
Unrestricted funds 5 2,591,713 2,651,366
Total funds 2,591,713 2,651,366
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The financial statements were approved and authorised for issue by the trustees and signed on their behalf by: C O'Brien Honorary Treasurer 8 November 2021 Page 7 ## THE MARY ROBERTSON TRUST Notes to the financial statements Year ended 5 April 2021 ## **1 Accounting policies** ## (a) **Basis of preparation** The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities" published in 2005 and applicable accounting standards. ## (b) **Fund accounting** General funds are unrestricted funds which 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. ## (c) **Incoming resources** All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## (d) **Resources expended** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. THE MARY ROBERTSON TRUST Notes to the financial statements Year ended 5 April 2021 Page 8 **----- Start of picture text -----**
2 Charity activities - donations and grants
During the year the Trustees made the following donations and grants: 2021 2020
£ £
-
Action for M.E Charity 3,000
Addington Fund 2,000 3,000
-
Age UK 3,000
-
Ashfield Home Safety Project 3,000
-
Aspley Boxing Club 3,000
Beaumond House - 3,000
-
British Lung Foundation 2,000
Buttle UK 3,000 -
Canine Partners 2,000 3,000
-
Canley Community Centre 2,000
-
Cerebral Palsy Sport 2,000
Child Bereavement 1,000 -
-
ChoraChori in Nepal 2,000
Citizens Advice Bureau - Ashfield 1,000 3,300
Criminon UK 3,000 -
DKMS Foundation - 3,000
Emmanuel House 3,000 5,000
-
Epilepsy Action 1,000
Equation Nottinghamshire 3,000 3,000
-
Football in the Community 2,540
Framework Housing Association 3,000 5,000
Freedom Foundation 1,000 -
-
Golf in Society 3,000
-
Guide Dogs 1,650
Harborough District Children's and Young People's Charity 1,000 2,000
-
Headway 2,000
Home Start 5,000 6,000
-
Hope 3,000
-
Laligurash Teachers 5,000
M.A.C.S 1,000 -
-
Mirge, Dolakha District, Nepal - support for sanitary protection 2,750
-
Myaware 1,000
National Children's Orchestras of Great Britain 1,000 4,000
-
National Kidney Operations 2,000
Newlife - 3,000
-
Nottingham Army Cadet Force 3,000
-
Nottingham Clubs for Young People 2,000
Nottinghamshire Hospice 3,000 3,000
Nottinghamshire Independent Domestic Abuse Services 3,000 3,000
-
Nottinghamshire Wildlife Trust 3,000
Reach 8,000 -
-
Royal British Legion 3,000
Royal Voluntary Service 1,000 1,000
-
Rwanyana Community Trust 3,250
Safe Families For Children 3,000 -
Salvation Army 3,000 4,000
Sub total carried forward 79,440 84,050
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## THE MARY ROBERTSON TRUST Notes to the financial statements continued…… Year ended 5 April 2021 **----- Start of picture text -----**
Year ended 5 April 2021 Page 9
2 Charity activities - donations and grants continued 2021 2020
£ £
Sub total brought forward 79,440 84,050
SANE Mental Health 1,250 2,000
Scope 2,000 3,000
Shawmind 1,000 -
-
South Lincolnshire Blind Society 2,015
Southwell Mothers Union 3,000 5,000
-
STUBS - Support Our Armed Services 4,000
Susmita Pharmacy - annual college fee for pharmacy course. 4,000 4,000
-
Swim England 2,000
The Childrens Trust 3,000 3,000
The Ear Foundation - 5,000
Think Children - 3,000
-
Treetops Hospice Care 3,000
-
University of Nottingham 3,000
Vista 3,000 4,000
We Are Here 3,000 -
-
Wollaton Park Rotary Club 11,000
104,690 133,065
3 Investments 2021 2020
£ £
Cost/book value of Investments as at 5 April 2020 2,416,508 2,488,084
Add:
Cost/book value of investments bought
during the year 513,861.00 513,861 389,571
Cost/book value of investments sold
during the year - 516,299.00 (516,299) (461,147)
Cost/book value of investments as at 5 April 2021 2,414,070 2,416,508
Add cash held within the investment portfolio 159,733.00 159,733 201,613
Total 2,573,803 2,618,121
Market value of investment as at 5 April 2021 2,858,525.00 2,858,525 2,256,494
Add cash held within the investment portfolio 159,733 201,613
Total 3,018,258 2,458,107
Unrealised (depreciation)/appreciation in value 444,455 (160,014)
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## THE MARY ROBERTSON TRUST **----- Start of picture text -----**
Notes to the financial statements continued……
Year ended 5 April 2021 Page 10
4 Accrued charges 2021 2020
£ £
Accountancy charges 1,100 1,000
5 Realised funds 2021 2020
£ £
Balance as at 5 April 2020 2,651,366 2,657,766
Realised gains/(losses) - 13,504 (13,504) 45,992
2,637,862 2,703,758
Less deficit for the year (page 5) (46,149) (52,392)
Balance as at 5 April 2021 2,591,713 2,651,366
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## **6 Trust administration** The Trust is managed by the trustees, none of whom received any remuneration or expenses for their services over the year.