THE MARY ROBERTSON TRUST
Registered charity number: 327900
Annual Report and Financial Statements Year ended 5 April 2022
Trustax Services Limited
Howitt Building Lenton Boulevard Nottingham NG7 2BY
Page 1
THE MARY ROBERTSON TRUST
Annual Report and Financial Statements Year ended 5 April 2022
| 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 2022
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 2022
Page 3
The Trustees present their report and financial statements for the year ended 5 April 2022. 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 2021/22
The Trust has made a total of 43 donations and grants over the year totalling £104,900.
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 2022
We have prepared the financial statements for the year ended 5 April 2022 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 30 January 2023 Director
Trustax Services Limited V15 Howitt Building Lenton Boulevard Nottingham NG7 2BY
THE MARY ROBERTSON TRUST
Statement of financial activities Year ended 5 April 2022
Page 5
| Notes INCOME AND EXPENDITURE Incoming resources from generated funds: Investment income 1 Listed security dividends #### 2 Other dividends 9,236 3 Listed security interest 9,927 5 Foreign dividends #### 6 Foreign interest 181.00 3,042 Total incoming resources Resources expended Cost of generating funds ### Investment management fees Charity activities Donations and grants 2 Governance costs Accountancy charges Bank charges 66 Total resources expended Net outgoing resources Other recognised gains and losses: Realised gains less losses for the year Net movements in funds |
a b c d e |
Unrestricted | £ 46,299 9,236 9,927 22,967 3,042 91,471 126,612 (35,141) 70,808 35,667 funds 2022 |
Unrestricted | £ 41,298 9,514 10,231 15,730 1,694 78,467 124,616 (46,149) (13,504) (59,653) funds 2021 |
|
|---|---|---|---|---|---|---|
| £ 20,646 104,900 1,000 66 |
£ 18,782 104,690 1,100 44 |
THE MARY ROBERTSON TRUST
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Balance sheet
As at 5 April 2022 Page 6
2022 2021
Notes £ £ £ £
Fixed assets investments
Listed securities at book value 3 2,605,934 2,573,803
Current assets
Cash at bank 22,445.50 22,446 19,010
Creditors: amounts falling due within
one year
Accrued charges 4 1,000 1,100
Net current assets 21,446 17,910
Net assets 2,627,380 2,591,713
- -
Funds
Unrestricted funds 5 2,627,380 2,591,713
Total funds 2,627,380 2,591,713
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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 30 January 2023
Notes to the financial statements
Page 7
THE MARY ROBERTSON TRUST
Year ended 5 April 2022
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 2022
Page 8
| 2 Charity activities - donations and grants During the year the Trustees made the following donations and grants: Addington Fund Age UK Ashfield Home Safety Project Bid Services Blind Veterans UK British Lung Foundation Buttle UK Canine Partners Canley Community Centre Cerebral Palsy Sport Child Bereavement Childrens Cancer & Leukaemia Group Citizens Advice Bureau - Ashfield Criminon UK Emmanuel House Epilepsy Action Equation Nottinghamshire Football in the Community Framework Housing Association Freedom Foundation Friends of the Elderly Golf in Society Guide Dogs Harborough District Children's and Young People's Charity Home Start Hope Kala Niketan Hindi School Laligurash Teachers Leicester Childrens Holidays M.A.C.S Maclar Society Myaware NARA - Breathing Charity National Childrens Orchestra National Children's Orchestras of Great Britain Nottinghamshire Hospice Nottinghamshire Independent Domestic Abuse Services Notts County Foundation Open Homes Pipal Tree Reach Royal British Legion Royal Forestry Society Royal Voluntary Service Rwanyana Community Trust Safe Families For Children Salvation Army Sub total carried forward |
2022 £ 3,000 - 2,000 2,000 2,000 2,000 - 3,000 - - - 1,500 - 3,000 3,000 1,000 - - 3,000 - 2,000 - 2,000 2,000 2,000 - 3,000 - 3,000 - 1,000 - 1,000 3,000 - 3,000 3,000 3,000 2,000 3,000 4,000 - 1,000 - - 3,000 3,000 69,500 |
2021 £ 2,000 3,000 - - - - 3,000 2,000 - 2,000 1,000 - 1,000 3,000 3,000 1,000 3,000 2,540 3,000 1,000 - 3,000 1,650 1,000 5,000 3,000 - 5,000 - 1,000 - 1,000 - - 1,000 3,000 3,000 - - - 8,000 3,000 - 1,000 3,250 3,000 3,000 79,440 |
||
|---|---|---|---|---|
Notes to the financial statements continued…… Year ended 5 April 2022
Page 9
THE MARY ROBERTSON TRUST
| 2 Charity activities - donations and grants continued Sub total brought forward SANE Mental Health School Lighting (Nepal) School Lunches (Nepal) Scope Sense Shawmind Southwell Mothers Union Susmita Pharmacy - annual college fee for pharmacy course. Swim England Teenage Cancer Trust The Childrens Trust The Friary Think Children Treetops Hospice Care Vista Walking with the Wounded We Are Here Willow Windmill Community Gardens Winstons Wish 3 Investments Cost/book value of Investments as at 5 April 2021 Add: Cost/book value of investments bought during the year 414,977.25 Cost/book value of investments sold during the year 376,967.11 - Cost/book value of investments as at 5 April 2022 Add cash held within the investment portfolio 153,854.00 Total Market value of investment as at 5 April 2022 3,051,518.00 Add cash held within the investment portfolio Total Unrealised (depreciation)/appreciation in value |
2022 £ 69,500 - 2,000 4,000 - 2,000 - 3,000 4,400 - 2,000 3,000 2,000 3,000 - - 3,000 2,000 2,000 2,000 1,000 104,900 2022 £ 2,414,070 414,977 (376,967) 2,452,080 153,854 2,605,934 3,051,518 153,854 3,205,372 599,438 |
2021 £ 79,440 1,250 - - 2,000 - 1,000 3,000 4,000 2,000 - 3,000 - - 3,000 3,000 - 3,000 - - - 104,690 2021 £ 2,416,508 513,861 (516,299) 2,414,070 159,733 2,573,803 2,858,525 159,733 3,018,258 444,455 |
|---|---|---|
THE MARY ROBERTSON TRUST
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Notes to the financial statements continued……
Year ended 5 April 2022 Page 10
4 Accrued charges 2022 2021
£ £
Accountancy charges 1,000 1,000
5 Realised funds 2022 2021
£ £
Balance as at 5 April 2021 2,591,713 2,651,366
Realised gains/(losses) 70,808 70,808 (13,504)
2,662,521 2,637,862
Less deficit for the year (page 5) (35,141) (46,149)
Balance as at 5 April 2022 2,627,380 2,591,713
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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.