## THE MARY ROBERTSON TRUST Registered charity number: 327900 **Annual Report and Financial Statements Year ended 5 April 2023** ## 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 2023 ||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 2023 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 2023 Page 3 The Trustees present their report and financial statements for the year ended 5 April 2023. 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 2022/23** The Trust has made a total of 64 donations and grants over the year totalling £94,763. ## **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 2023 We have prepared the financial statements for the year ended 5 April 2023 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 Director 21 December 2023 Trustax Services Limited V15 Howitt Building Lenton Boulevard Nottingham NG7 2BY THE MARY ROBERTSON TRUST Statement of financial activities Year ended 5 April 2023 Page 5 |**Notes**
**INCOME AND EXPENDITURE**
**Incoming resources from**
**generated funds:**
Investment income
1
Listed security dividends
####
2
Other dividends
####
3
Listed security interest
####
5
Foreign dividends
####
6
Foreign interest
181.00
3,619
**Total incoming resources**
**Resources expended**
Cost of generating funds
###
Investment management fees
Charity activities
Donations and grants
**2**
Governance costs
Accountancy charges
Bank charges
22
**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**|**£**
54,441
10,354
10,001
25,071
3,619
103,486
116,654
(13,168)
269,966
256,798
**funds 2023**||**Unrestricted**|**£**
46,299
9,236
9,927
22,967
3,042
91,471
126,612
(35,141)
70,808
35,667
**funds 2022**| |---|---|---|---|---|---|---| |||**£**
20,669
94,763
1,200
22|||**£**
20,646
104,900
1,000
66|| ## THE MARY ROBERTSON TRUST **----- Start of picture text -----**
Balance sheet
As at 5 April 2023 Page 6
2023 2022
Notes £ £ £ £
Fixed assets investments
Listed securities at book value 3 2,860,217 2,605,934
Current assets
Cash at bank 25,160.50 25,161 22,446
Creditors: amounts falling due within
one year
Accrued charges 4 1,200 1,000
Net current assets 23,961 21,446
Net assets 2,884,178 2,627,380
- -
Funds
Unrestricted funds 5 2,884,178 2,627,380
Total funds 2,884,178 2,627,380
**----- End of picture text -----**
The financial statements were approved and authorised for issue by the trustees and signed on their behalf by: C O'Brien Honorary Treasurer 21 December 2023 Notes to the financial statements Page 7 ## THE MARY ROBERTSON TRUST Year ended 5 April 2023 ## **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 2023 Page 8 |**2**
**Charity activities - donations and grants**
During the year the Trustees made the following donations and grants:
Addington Fund
Ashfield Home Safety Project
Asthma & Lung UK
Bid Services
Beaumond House Hospice
Blind Veterans UK
British Lung Foundation
Canine Partners
Childrens Cancer & Leukaemia Group
Children Today
Cruse Bereavement Support
Criminon UK
DRMS
Emmanuel House
Epilepsy Action
Framework Housing Association
Freedom Foundation
Friends of the Elderly
Guide Dogs
Good Companions
Harborough District Children's and Young People's Charity
Home Start
Hope Voventry
Improving Lives
Kala Niketan Hindi School
Leicester Childrens Holidays
Leaf
Life Education
Macular Society
Make Them Smile
Motor Neurone Disease Association
Myaware
NARA - Breathing Charity
National Childrens Orchestra
Nottinghamshire Hospice
Nottinghamshire Independent Domestic Abuse Services
Notts County Foundation
Open Homes
Pipal Tree
Reach
Royal Forestry Society
Royal Voluntary Service
Safe Families For Children
Salvation Army
Sub total carried forward||**2023**
**£**
-
2,000
1,000
-
3,000
-
-
3,000
-
2,063
2,000
-
3,000
3,000
1,000
3,000
3,000
-
2,000
2,300
-
2,000
1,000
2,000
-
3,000
2,000
2,000
1,000
2,000
1,000
1,000
-
3,000
3,000
-
-
2,000
-
4,000
-
1,000
-
3,000
63,363||**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| |---|---|---|---|---| Notes to the financial statements continued…… Year ended 5 April 2023 Page 9 ## THE MARY ROBERTSON TRUST |**2**
**Charity activities - donations and grants continued**
Sub total brought forward
Nepal School
Sane
Sense
Southwell Mothers Union
Susmita Pharmacy - annual college fee for pharmacy course.
Teenage Cancer Trust
The Childrens Trust
The Renewal Trust
The Stroke Association
The Friary
Think Children
Treetops Hospice
Walking with the Wounded
We Are Here
Wollaton Park Rotary Club
World Literacy Foundation
Worth Foundation
Willow
Windmill Community Gardens
Winstons Wish
**3**
**Investments**
Cost/book value of Investments as at 5 April 2022
Add: Cost/book value of investments bought
1,010,745.00
Less: Cost/book value of investments sold
716,246.00
-
Cost/book value of investments as at 5 April 2023
Add cash held within the investment portfolio
113,638.00
Total
Market value of investment as at 5 April 2023
2,941,902.00
Add cash held within the investment portfolio
Total
Unrealised (depreciation)/appreciation in value|**2023**
**£**
63,363
650
1,250
2,000
3,000
-
2,000
-
2,000
2,000
2,000
3,000
3,000
-
2,000
1,500
3,000
1,000
2,000
-
1,000
94,763
**2023**
**£**
2,452,080
1,010,745
(716,246)
2,746,579
113,638
**2,860,217**
2,941,902
113,638
**3,055,540**
**195,323**|**2022**
**£**
69,500
6,000
-
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**| |---|---|---| ## THE MARY ROBERTSON TRUST **----- Start of picture text -----**
Notes to the financial statements continued……
Year ended 5 April 2023 Page 10
4 Accrued charges 2023 2022
£ £
Accountancy charges 1,200 1,000
5 Realised funds 2023 2022
£ £
Balance as at 5 April 2022 2,627,380 2,591,713
Realised gains/(losses) 269,966 269,966 70,808
2,897,346 2,662,521
Less deficit for the year (page 5) (13,168) (35,141)
Balance as at 5 April 2023 2,884,178 2,627,380
**----- End of picture text -----**
## **6 Trust administration** The Trust is managed by the trustees, none of whom received any remuneration or expenses for their services over the year.