ac
NEWPORT WORMIT & FORGAN TRUST
Account fof the year to 30 November 2023.
Scottish Charlty No. SC003752
30 & 34 Reform Street
Dundee
DDI IRJ
Tel.. 01382 229222
06897a-OOOL

NEWPORT W
MIT & FORGAN TRUST
Account forthe yearto 30 November ZOZ3.
Governing document and appolntmÈnt of Trustees
The Newport Wormit & Forgan Trust has existed in it5 present form Since 1958 although its roots go much
further back and lie in an organisation which was known as the Newport Wormit & Forgan Nursing
Association.
Trustees are nominated by the then existing Trustees and their appointrnent confirmed by 8 forma Deed of
AssumptiDn.
Charitable ￿rpose
The Trust eyists to promote the general good of people of all ages in the Parish of Forgan including the Burgh
of Newport on Tay 'by furtherinR health relievinR ooverty distress or sickne59 by supplemenlinE but not
infringinE upon the work of statutory authorities and by pur5uinE any other charitable objects to benefit
people of all ages in that area
The Trustees havè the authority to apply the wholo income of the rust and
il necessary 10 encroach on capital sf this is considered necessary.
The Trustees work in congultation with local Doctors. Minister5 and nursin8 Staff who help to identify pg.nple
within the T-ust's area who are in need of some form ol help or assistance. This assistance is provided in a
nurnber of ways aAd as the past year's accounts show includes small grants to local Old People's Hlmes and
a variety of ninor medical and other items not available to patlents under the National Health Service but of
8reat a5$15tance to these people. T'he links which the Trustees maintain wrth the area's medlcal other
services help to ensure that the Trust is able to apply its incDme where it is required.
The Trustees received applications lor assistance and Made donations 01 £700 for the year of this account.
They conilnue to remind those livlng and working in the local area of the ass15tanTr the charlty Is able to
provide.
1ru5tee5'.
Tfustees rernuneratfjon and expenses
The Trustee¢ did not receive any remuneration or expenses in the year to 30 November 202312022- nill.
Page 2

NEWPORT WORMIT & FORGAN TRUST
count for the year to 30 November 2023 Icontdl
Reserves Pollcv
The reserves of the Trust originate from original and subsequent capital donations together with the growth
in the value of investments. The Trustees have adopted a reserves policy that ensured the continuin8 ability
of the Trust to meet its objertives. Reserves are retained primarily io meet significani requests for financial
assistance and stock market risks.
The level of free reserves held at 30 November 2023 was £76,331.3112022 - £84.110.29}.
Independent Examiner.
Inveslment Managprs:
Blackadders Wealth Management LLP. 30134 Reform Street. Dundee. DDI IPJ provide advice and portfDIio
management services. A J Bell Nominees Ltd have responsibility for custody of the stock and to provide
collection and other services.
Solicitors and contact address:
Blackadders LLP, 30134 Reform Street. Dundee, DDI IRI.
Date..
15 March 2024
Trustee
Pa8e 3

NEWPORT WORMIT & FORGAN TRUST
Account for the
earto 30 November2023.
RECEIPTS
2023
2022
Dividends Received
per Schedule I
1.905.18
2.098.85
Proceeds of Investment Dis
per Schedule 11
osal
24,378.77
16,035.21
26,283.95
18,134.06
PAYMENTS
Grants Paid
per Schedule111
7￿.00
3.000.00
Investment Mana
per Schedule IV
ement C05t5
924.90
1,018.25
Governance Costs
per Schedule V
6,404.00
2,910.00
Purchase cost of investments ac
per Schedule Vl
uired
19,480.03
11,023.56
27,508.93
17,951.81
IDeficitllSurplu5 for the year
1£
1.224.981
182.25
Page 4

NEWPORT WORMIT & FORGAN TRUST
count for th
r to 30 November 202
Unrestricted
Funds
2023
Unrestricted
Funds
2022
Bank and Cash lffi hand
Opening Balance
IDeficitllSurplus for the year
2,881.29
1£ 1,224.981
2,699.04
182.25
Closing 6alance (per Schedule Vllll
1,656.31
2,881.29
Represented by
General Funds
1.656.31
2,881.29
Investments at fair value
A J Bell portfolio valuation
£ 80,154.00
£ 85,633.00
The Ilabllitles of the charlty at 30 November 2023 3re-.
Blackadders LLP their fee for work ir) the trust for the period ol this account of £4,100 less £1,650
alieady paid12022 - £3,290) plus vat.
Mcmillan Audit Limited, their fee for assessing Blackadders fee- £19512022 - £1301 plus vat.
her fee for Independent Examination of this account of £32512022- £3001.
Approved by the Trustees and signed on their behalf
Date..
15 March 2024
Trustee
Page 5

RTW
Notes to the accounts for the
ar to 30 No¥ombÈr 2023.
Accounting Policie5
1.1 The Accounts are prepared under the Hi5toric31 C05t Convention. All incorne Is recorded on
receipts basis no accrual bein8 made for anticlpated divideTrds. All expendittsre is r￿Orded as
paid.
1.2 Investments are shown IA the account at fair value.
Grants paid are as detailed in Schedule111.
No remuneration was paid to the Trustees in either this year or the previous one.
The Trust has no employee512023 - none).
There are no material commitments at the close of this account.
Page 6

RT WORM￿& FORGAN TRL6T
Ind
ExarnI￿1
theTru
I repDrt on the3cwuntsof the TrusEfor the period endal 3Q Novembei 2023 whith are set otst on paEe5 Z tD 6,
This report 15 made to trustees. 0$ a body. in actartsnce the of my e￿ageMent. My work has been
undertakeTh to en3ble me to report my ¢)pinion set 04Zt below for no other wrpose. To tFTE fJlSest exlent
pemiitted by12w I do not accept OT assume resk￿n￿bi1Ery to anyon¢ other than the trustees. 85 a boty, lor tny WQTk
f¢1 thisrep)rt.
Re5pedive responshllitiÈs of the Trnsteesafjd Exarnrritr
The Tru5tEes are respDnsible for the preparAth?n ot the accounts In accardance wrth the terrns of thÈ Charitie5 and
Trustee Investment IScoilan61 ￿ 21)J5 and the Chanties Acco4ints1Sctstlandl Re8ulatK)ns 2rx6 la5 amended). The
Trustees cons*derthat Budil reqUwern￿¥ of Regulavon 10(Illdl of the 2CC6 Acttsurtts Regulat￿n5 does not apply.
It is My reswn5ibiliiy to exarr,ine accounts 35 r￿UlT￿l urvjer sertion 4411) Itl of the and to state whether
particuEar matters have cometo My attenrtii.
Baslsof Independent Examinerfs Statewnert
My examination 15 carried out tn accordano with Aegulation 11 of the Acwunts Regulatiorts. An exarninètiort
iniludes a of the accouiting Tecords kept by +he TnE5t aftd a comparrsnft of tb.e accounts pre5entÈd wirh those
record5. 11 è150 includes consideration of any unu¥Jal items or di5closuTes in the 3CCOUNt& and seeks explanations
frorn the Trustees mncernin8 èny rnatter> The prvcedLtrE5 undert2ken do not provKle all evirfence th4t
would ￿ reqL1ir￿ in an audit. and consequerttty I do ftot expre553r. audit tjpirrion on the view 8Nen bythe accofftts.
Ind￿endent Examinees Ststewrient
ITr the £our5e of my exarnirwtsw. no trsatter has c￿et0 *ten￿￿.
which gives me reasop.able causeto belie¥ethaL in any m*errdl rtspert the requiremwts
to keep accountrng record5 In aC￿rdanCe with Se¢Tion 44 Ilmal of the 2tX)S Att and Re£tslation 4 trf the
2￿￿ACcoUnts RegLtlat*Jns. and
to prepare acccurEts t•ihich accord THrth the aC￿￿￿ting fEcord$ 2nd Comp￿ with Re8ulatioft g of the 2CQS
Accourtts Regulations
not been met. or
to vthith. in rny opinion. attent¥?n shoukt t￿ In ￿ertoenable a proper under5tan¢ing of the accounts to
be reac.-.ed.
Oate..
P3ge 7

NEWPORT W
RMIT
ANT
Account for the
ar to 30 November 2023.
2022
Sd)edule I
Dividend Income
Dividend and interest income forthe period of thi5 account
1.905.18
2.098.85
Schedule 11
Proceeds of lrniestment DisP05a15
Per Al Bell Schedule of disposals
£ 24,378.77
£ 16.035.21
Schedule111
Grants to Charitable Or8anisatlons
Newport on Tay Church of Scotland
Maude Pilkington Trust
7C(I.00
3,000.00
700.00
3,000.00
Schedule IV
Investment Management Costs
Blackadders Wealth Management LLP thelr fees including
vat for administration of the portfolio
924.
1,018.25
924.gj
1,018.25
Schedule V
Goverr*ance Costs
Blackadder5 LLP their fee for work in the trust to
30.11.2022 as assessed by Auditor ol Court
Blackadders LLP interim fee for work in the tTUSt to
30.11.2023.
Registers of Scotland for Deed
M¢Millan Aijdit Ltd for a55es5ing Blackadders fee for the
vear to 30.11.2022
her fee for examining the account5 to
3,948.CO
2,190.C¥J
1,980.OJ
20.00
156.00
78.txi
30.11.2022
300.00
642.IXI
6.404.00
2,910.00
khedule Vl
Pur¢hase ￿$t of Investments acqulred
AJ Bell schedule of additions
E 19,480.03
E 11,023.56
Schedule Vll
Bank Deposits
Inve51nent Account
1,656.31
2,881.29
1.656.31
2,881.29
Page 8