## THE MARY ROBERTSON TRUST Registered charity number: 327900 **Annual Report and Financial Statements Year ended 5 April 2024** ## 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 2024 ||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 2024 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 2024 Page 3 The Trustees present their report and financial statements for the year ended 5 April 2024. 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 2023/24** The Trust has made a total of 50 donations and grants over the year totalling £112,000. ## **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. Accountants' report Year ended 5 April 2024 Page 4 ## THE MARY ROBERTSON TRUST We have prepared the financial statements for the year ended 5 April 2024 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 16 December 2024 Trustax Services Limited V15 Howitt Building Lenton Boulevard Nottingham NG7 2BY Page 5 ## THE MARY ROBERTSON TRUST Statement of financial activities Year ended 5 April 2024 |**Notes**
**INCOME AND EXPENDITURE**
**Incoming resources from**
**generated funds:**
Investment income
1
Listed security dividends
####
2
Other dividends
7,882
3
Listed security interest
####
5
Foreign dividends
####
6
Foreign interest
181.00
4,675
**Total incoming resources**
**Resources expended**
Cost of generating funds
Management fees
####
Charity activities
Donations and grants
**2**
Governance costs
Accountancy charges
1,400
Bank charges
44
**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**|**£**
47,413
7,882
30,789
24,089
4,675
114,848
133,880
(19,032)
19,304
272
**funds 2024**||**Unrestricted**|**£**
54,441
10,354
10,001
25,071
3,619
103,486
116,654
(13,168)
269,966
256,798
**funds 2023**| |---|---|---|---|---|---|---| |||**£**
a
b
c
d
e
20,436
112,000
1,400
44|||**£**
20,669
94,763
1,200
22|| ## THE MARY ROBERTSON TRUST **----- Start of picture text -----**
Balance sheet
As at 5 April 2024 Page 6
2024 2023
Notes £ £ £ £
Fixed assets investments
Listed securities at book value 3 2,865,434 2,860,217
Current assets
Cash at bank 20,315.50 20,316 25,161
Creditors: amounts falling due within
one year
Accrued charges 4 1,300 1,200
Net current assets 19,016 23,961
Net assets 2,884,450 2,884,178
- -
Funds
Unrestricted funds 5 2,884,450 2,884,178
Total funds 2,884,450 2,884,178
**----- 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 16 December 2024 Notes to the financial statements Page 7 ## THE MARY ROBERTSON TRUST Year ended 5 April 2024 ## **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 2024 Page 8 |**2**
**Charity activities - donations and grants**
During the year the Trustees made the following donations and grants:
Ashfield Home Safety Project
Asthma & Lung UK
Bid Services
Beaumond House Hospice
Blind Veterans UK
Canine Partners
Casy
Children Today
Cruse Bereavement Support
Criminon UK
DRMS
Dementia UK
Ducklings Charity
Emmanuel House
Epilepsy Action
Framework Housing Association
Freedom Foundation
Friends of the Elderly
Guide Dogs
Good Companions
HCYC
Headway
Home Start (South Leic'shire)
Home Start (Nottingham)
Home Start Horizons
Hope Voventry
Improving Lives
Independent Age
Laligurash School
Lennox Childrens Cancer Fund
Lincs & Notts Air Ambulance
Leicester Childrens Holidays
Leaf
Life Education
Macular Society
Make Them Smile
Motor Neurone Disease Association
Myaware
National Childrens Orchestra
Nottinghamshire Hospice
Newlife
Nepal School
Notts County Foundation
Nottingham Playhouse
Notts Army Cadet Force
Notts Club for Young People
Notts Wildlife Trust
Open Homes
Sub total carried forward||**2024**
**£**
2,000
-
2,000
-
2,000
2,000
2,000
-
2,000
2,000
-
3,000
2,000
3,000
-
3,000
-
3,000
4,000
-
2,000
2,000
2,000
3,000
2,000
-
3,000
2,000
3,000
2,000
2,000
-
-
-
1,000
-
2,000
-
-
3,000
3,000
4,500
2,000
3,000
3,000
2,000
2,000
2,000
82,500||**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
-
650
-
-
-
-
-
2,000
56,013| |---|---|---|---|---| Page 9 ## THE MARY ROBERTSON TRUST Notes to the financial statements continued…… Year ended 5 April 2024 |**2**
**Charity activities - donations and grants continued**
Sub total brought forward
Pipal Tree
Reach
Robin Hood Disabled Riders
Royal Voluntary Service
Salvation Army
Sane
Sense
Southwell Mothers Union
Sound Café Leicester
Speech & Language UK
St Johns Ambulance
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
WARA
Winstons Wish
**3**
**Investments**
Cost/book value of Investments as at 5 April 2023
Add: Cost/book value of investments bought
442,363.00
Less: Cost/book value of investments sold
422,304.00
-
Cost/book value of investments as at 5 April 2024
Add cash held within the investment portfolio
98,795.79
Total
Market value of investment as at 5 April 2024
3,138,180.00
Add cash held within the investment portfolio
Total
Unrealised (depreciation)/appreciation in value|**2024**
**£**
82,500
2,000
3,000
1,000
-
3,000
-
2,000
-
1,500
2,000
1,000
2,000
2,000
-
2,000
2,000
-
2,000
2,000
-
-
-
-
-
1,000
1,000
112,000
**2024**
**£**
2,746,579
442,363
(422,304)
2,766,638
98,796
**2,865,434**
3,138,180
98,796
**3,236,976**
**371,542**|**2023**
**£**
56,013
-
4,000
-
1,000
3,000
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**| |---|---|---| ## THE MARY ROBERTSON TRUST **----- Start of picture text -----**
Notes to the financial statements continued…
Year ended 5 April 2024 Page 10
4 Accrued charges 2024 2023
£ £
Accountancy charges 1,300 1,200
5 Realised funds 2024 2023
£ £
Balance as at 5 April 2023 2,884,178 2,627,380
Realised gains/(losses) 19,304 19,304 269,966
2,903,482 2,897,346
Less deficit for the year (page 5) (19,032) (13,168)
Balance as at 5 April 2024 2,884,450 2,884,178
**----- 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.