MOORHEADS HOSPITAL TRUST UNAUDITED FINANCIAL STATEMENTS 31•f DECEMBER 2024 CHARITY REGISTRATION NUMBEFL.. SC007575 CARSON & TROTTER CHARTERED AccouKfANTS 123 IRISH STREET DUMFRIES DGI 2PE
MOORHEADS HOSHTAL TRUS ACCOUNTS AND TRUSTEES, REPORT YEAR ENDED 31ST DECEMBER 2024 Page5 Tru6tee8' Report 1-3 Indep8nd8nt Examlner's Retth to the Trust889 Receipts and Payment5 Account Statement of Bala Noles to th8 ACcnIS
MOORHEADS HOSPITAL TRUST ES R ENDED 31ST DECEMBER 2024 The Truste85 present their Report and FlnanGSal Statements for the year 10 31 Decembor 2024. Prlncl al A¢tSvi The purpose of the Charity is to hdd and 8dminS8ter the Tru6t funds.. 'for the benefit of ary one or more of the elderly disadvantaged Tesldent in the geogrophic area in tha form8r Royal Burgh of Dumfries who are by reason of poverty, inéigence, Sllness, di8ability or age in need of relief or support, bul Ihe purpose of such ielief or support and not otherwlse ond in $upplom8nl of and not In substitution for public funds and services." structuro Government d Mana ent The Trust was orlginally sel up under a Deed of Declarallon of Trust dated 27th Nov6mb8r 1739. The terms of the Trust hav6 been varled to recognise changing needs 8nd cirMstances. The last varlatlon of the purposes of the Trust to those set out above wa5 made by an Inlerbculor from The Court of Sesslon on 19th December R•¢rultm•nt 4nd A Intma ofD The Directors of the Trust are Charlty Trusteos wtthin th8 purposgs of the Charlty Law. The Tru8tees aro drawn from four sources. From:. 11) Dumfries a Galloway- 6 Councillors are eligible for nomlnalion. 121 Kirk Session of St MaryslGreyfrlars- 3 members are eligible for nomlnation by the Klrk Ses¥lon. Due to th& closure of Sl MaryslGreyfrlars and Its Iransfer 10 Trt)queer, which is lo lake effect In 2024, the nominatlons wlll be drawn from nomlnallon8 by the Klrk SeBsion of Troquèer. 13) Sl Ml¢haels Church - 4 member3 are ellgible for nomlnalion by the Klrk Sesslon. (4) Lastly, from the Communlty. At present there 3 members from the Communlty. Wlih effect from 22rl September 2024, the Church of Sl Mary'slGreyfrl&rs hdd Its last $ervlc• and in accordance with re-organisalion8 caffied out by the Church ol S¢olland, th8 rosponslblllllas for the former parish 01 St Mary'slGreyfrlBrs vKre being transferred lo Troqueer Chureh. The Trustees for Sl Mary'slGreylrlars who are currently appointed will rernain gs the named Trustees unlll such lime as conflrmallon Is r¢Geived from the Church of Troqueer as lo wlhar those Trustees are b8lng reaffimed or new Tru$tee8 appointed. The Dlrector3rrruslee¥ delegate the Man8ggm?nl of the Trust lo a Factor and a Management Commltlee, the Managemenl Commltlee bging madg up ol Directors nominated by the Annual General Meeting. Those nominatod for the Mansg•rnenl Committee have a tenure of a rnaxlmum of3 years sitting on the Management Commlttee. The Managemént Commlllee. In nomial circumstances, meet not less than hyo limes a year to delermlne Grant Applications which are invlted from individuals c* organisations who rreel the Trust crllerw. Advertisements are placed ea¢h year in local parRrs circulakn'ng In Dumlries in January and February, Invitln9 applicalK)n5 to be lodged by 3151 March and then in August and Sepiembef for applications lo be lodged by the end of September. The Trust had a deflclt In Ihe current year of £17,83512023: 8urplu$ £28.904) and hold reseNe3 of £49,559 {2023: £67,394).
MOORHEADS HosprrAL TRUS TRUSTE REPORT D 31ST DECEMBER 2024 iv Charlty Regi$lratlon Numbor SC007575 Prlnclpal Offlco 8 Bank Street Dumfrles DG12NS tXr¢ctovsrrrust•os M•nag•mont Commltte• 8ank•rn Clydesdale 8ank Pl 84-86 HSgh Street Dumfries DG1 28J Independont Examlnor Carson & Troller, C.A. 123 Irlsh Street Dumfdes DG12PE Faclor John Henderson & 8 Bank Street Dumfrie¥ DG12NS ons LLP I$trneDt Managers M & G Securities Limited PO Box 9038 Chelmsford CM99 2XF BNY Mellon Fund Managers Limited Cllent Service Centre PO Box 366 Dartington DL19RF
HEADS HOSPITAL TRUST ST DEC ER2 Actlvltles and Aehlov8 Durlng the year. the Trust dealt wilh three applicalions from indivlduals and three from an organisation whlch were granted. Two others were consldered - on8 not meet the Trusl'6 criterla and the other was deferred to await additional Infonmation which has stlll to be provided. Trusteos, Remuneratlon and Ex enses None of the Tru6t&es recelved remunerallon for thelr servlce8 or were re-imburned for any expendlture durfng Ihe year. Thls Report W88 approved by the Dlre¢lor8 of Moorheads Hospital Trust on 11th Jun6 2025 and slgned on Its behalf by-_
MOORHEADS HOSPITAL TRUST Inde ndent Examlner's Re ort to tho Trustees of Moorh•ads 't Trust I report on the unaudtted of the Charity for the year ended 31st DeL*mber 2024 whlch are set out on pages 5-7. •etlv• Res nslbllltlos of Trte05 and The ChBrity's Trusteès are resronslbla for the preparatlon of th8 accoun15 In accordance with the terms of the Charities and Trustee Inveslment {Scolland) Act2005 and the Charitles Ac¢ounls IScotland} RegUlaOnS 2006 las amended). The Charity Trustees consider that the audll requirement of Regulation 1011){dl of the Accounts Regulati1$ does nol apply. 11 is my responsibility to examlne the accoLtnls as requked under Section 44111(cl of the Act and to stale whether partIlar matters have come lo my attentn. Basls of end•n Examiner'8 Statem My exarnination is cwried oul in accord8nce with Rewlallon 11 of Ihe Charltles AGcounl¥ {Scollgndl Regulallons 2006. An examination includes a revlew of Ihe accounling fecords kept by Ihe Charity and cornparison of Ihe a¢counls presented with those records. It also Includes Gonslderglion of any unusual iloms or disclosurès in Ihe accounts and seeks 8xplanailons Irojn the Trustee3 concerning any $uch matters. The procedurts undertaken do not proVe all Ihe evidence Ihal would be reguiied in an audil and consequenlly I do not express an audit opinion on the vlew given by the accounts. Inde •ndont Examln•r' Statsm In the course of my 8xamlnatlon no ma118r has com lo my attentbon: whlch glv88 mo reasonable cause lo believe Ihat In any malorlal r08pect th8 requirem8nts'. lal lo keep aecoynt5ng re¢ord8 In accordance with Sacllon 4411 >18) of th8 2005 Acl and Regulats'on 4 of the 2006 Accounts Regulatlons and (b) to prepare accounts whlch accord wllh th8 occounllng records and Comply wllh Regulation g of the 2006 OUnts Ragulatlons have not been met, or 2. to which, In my oplnlon, attentlon Should be drawn In order lo enable a propgr underslandlng of the 8c£ounls to be reachad. Car6on & Trotter, C.A. 123 Irish Street Dumfrles DG1 2PE 11th June 2025
MOORHEADS HOSPITAL TRUST RECEIPTS AND PAYM NTS ACCOUNT FOR THEYEAR ENDED 31ST DE 2024 2023 Inlerest Recelvable Bank Interest 2,618 2,847 Dividends Ordinary Share8 32,999 31.105 Sale of Investments 749,408 TOTAL RECEIPTS 35.817 783.360 Charitable Grants Awarded 1.202 1,666 Admlnlstrallon Advertlsements AountancY and IrKlepond¢nt Examlnalion Fee F&tor's Salary and Fees Stockbroker Fee8 Rep8lr8 522 )4 450 1,140 1,688 1,260 3.768 PURCHASE OF INVESTMENTS M&G EquM83 Investment Fund for Charbtl68 Newton Growth and Income Fund 25.000 25,000 374,481 374,561 50.000 749,022 TOTAL PAYMENTS 53,452 754,456 IDEFICITYSURPLUS FOR THE YEAR 117,835) 28.904 All lund6 unrestrictad.
OORHEADS HOSPITAL TRUST STATEMEIIT OF BALANCES SAT3 si 2024 2023 Notes FUNDS RECONCILIATION As at 1$1 January 2024 {DeficitllSurplus for yoar 67,394 (17.835) 38,490 28,904 A8 at 31* December 2024 49,559 67,394 Repre8ented by.. Cash at Bank 49,559 87.394 OTHER ASSETS Investments al Cost Opening Balance AdditDns In y8arl net mvemenl 769,022 50.000 371,941 397,081 819,022 769,022 Approved by Ihe TN8lees on 11th Juno 2025 and 8lgned on thelr b8half by
MOORHEADS HOSPITAL TRUST NOTÉS TO THE ACCOUNTS AS AT 31ST DECEMBER 2024 2024 2023 1. INVESTMENTS HELD- al cost WIDER R4NGE M&G Equities Inveslment Fund for ChÈrllles 27.510.358 Units Newton Growth and Income Fund for Charlttes 256.941.039 Units 409,461 384,461 409,1 384,561 819.022 789,022 Market Value 860,542 771,783 2. ALLOCATION OF NARROWER AND WIDER RANGE FUNDS Narrowar Range Wlder Range Total Inveslrnent al Cost Cash al Bank Held on Ralhbon89 Income Account Held on RathboneB Deallng A¢¢ounl 819,022 49,559 819,022 49.559 888,581 49,559 819,022