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 ACc￿nIS

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 cir￿Mstances. 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 $ervlc• and in
accordance with re-organisalion8 caffied out by the Church ol S¢olland, th8 rosponslblllllas for the former
parish 01 St Mary'slGreyfrlBrs vKre being transferred lo Troqueer Chureh. The Trustees for Sl
Mary'slGreylrlars who are currently appointed will rernain gs the named Trustees unlll such lime as
conflrmallon Is r¢Geived from the Church of Troqueer as lo w￿lhar those Trustees are b8lng reaffimed or
new Tru$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 Tr￿te05 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} RegUla￿OnS 2006
las amended). The Charity Trustees consider that the audll requirement of Regulation 1011){dl of the Accounts
Regulati￿1$ does nol apply. 11 is my responsibility to examlne the accoLtnls as requked under Section 44111(cl
of the Act and to stale whether partI￿lar matters have come lo my attent￿n.
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 proV￿e 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
A￿ountancY 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