Digitally Signed Document Document ID: 2CF03B6DF732F5
## Document Details
**Filename:** 2025 Accounts.PDF ~~——lt ‘(‘_‘i™éOCOC~C~~ **Client of:** Thomas Barrie & Co ~~_——lt(‘OC~~
## Signature Details
**Name:** Jacqueline Chapman Mackay ~~——li ‘(‘“_‘iéCCCO~~ **Email:** jackiecmac@gmail.com ~~——li ‘(‘“_‘iéCCCO~~ **Date & Time:** 31/01/2026 18:03:12 PM (GMT) ~~——li ‘(‘“_‘iéCCCO~~ **IP Address:** 86.173.197.182 ~~——li ‘(‘“_‘iéCCCO~~ The Duncan Hospital Charitable Trust confirms **Signing Statement:** that the information is correct and complete to the best of their knowledge and belief.
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**REGISTERED CHARITY NUMBER: SC042538**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2025**
## **FOR**
## **THE DUNCAN HOSPITAL CHARITABLE TRUST**
Thomas Barrie & Co LLP Atlantic House 1a Cadogan Street Glasgow G2 6QE
**THE DUNCAN HOSPITAL CHARITABLE TRUST**
**CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 MARCH 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|9|
|**Detailed Statement of Financial Activities**||10||
**THE DUNCAN HOSPITAL CHARITABLE TRUST**
## **REPORT OF THE TRUSTEES**
## **for the year ended 31 MARCH 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
As outlined in the charity's Deed of Trust, the trustees shall hold the Trust Fund and income of it to pay and apply the same to or for the benefit of or in furtherance of:
- the advancement of health through, in particular (but without prejudice to the foregoing generality), the support of the Duncan Hospital in Raxaul, Bihar, India; and
- to promote such similar charitable purposes or institutions and in such proportions and manner as the Trustees shall think fit.
## **Significant activities**
The charity intends to meet these objectives by way of raising funds via donations and in turn providing donations to fund relevant projects and entities.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
During the year, donations totalling £17,729 were made in respect of college fees for nurses.
## **FINANCIAL REVIEW**
## **Financial position**
The level of funds donated to the charity's beneficiaries is determined by the level of donations received. During the year, the charity received donations of £51,266.
## **Reserves policy**
Other than governance costs, the charity has very little overheads due to the nature of its activities. Where any short term liabilities cannot be met from charity funds, these are covered by donations from The Mackay Clinic. At the end of the year, the charity holds unrestricted reserves of £22,392 (2024 - £3,745). The charity will continue to focus on raising funds for specific purposes with donations made in line with funds received.
## **FUTURE PLANS**
- Ongoing financial commitment of The DHCT for the new college of nursing and hostel.
- Discussions around funding for possible elective training post for a Senior Training Fellow based at The Duncan Hospital for 6 month placement.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The management of the charity is conducted by the Trustees and all decisions are made by the Trustees at regular Board Meetings.
## **Recruitment and appointment of new trustees**
The minimum number of Trustees is three and there shall be no maximum number of Trustees. A simple majority of all the Trustees must approve the appointment of any new Trustees. The Trustees shall appoint from their own numbers a Chairman who shall hold office for a period of three years , renewable on any number of occasions.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
SC042538
Page 1
**THE DUNCAN HOSPITAL CHARITABLE TRUST**
## **REPORT OF THE TRUSTEES**
## **for the year ended 31 MARCH 2025**
## **Principal address**
32 Grant Drive Dunblane FK15 9HU
## **Trustees**
Professor G M Mackay Trustee Mrs J C Mackay Trustee Dr R G Watson Trustee Mrs C K Watson Trustee
## **Independent Examiner**
Thomas Barrie & Co LLP Atlantic House 1a Cadogan Street Glasgow G2 6QE
## **Bankers**
Royal Bank of Scotland Units 22/23 Thisltles Shopping Centre Stirling FK8 2EA
## **Solicitors**
Turcan Connell Princes Exchange 1 Earl Gray Street Edinburgh EH3 9EE
Approved by order of the board of trustees on 16 January 2026 and signed on its behalf by:
Mrs J C Mackay - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DUNCAN HOSPITAL CHARITABLE TRUST**
I report on the accounts for the year ended 31 March 2025 set out on pages four to nine.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
## **Basis of the independent examiner's report**
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention :
- (1) which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Martin Greig BA CA The Institute of Chartered Accountants of Scotland
Thomas Barrie & Co LLP Atlantic House 1a Cadogan Street Glasgow G2 6QE
16 January 2026
Page 3
**THE DUNCAN HOSPITAL CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 MARCH 2025**
|2025
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
51,266
Investment income
2
158
**Total**
51,424
**EXPENDITURE ON**
**Charitable activities**
Direct charitable expenditure
32,349
Administrative expenses
428
**Total**
32,777
**NET INCOME**
18,647
**RECONCILIATION OF FUNDS**
Total funds brought forward
3,745
**TOTAL FUNDS CARRIED FORWARD**
22,392
**CONTINUING OPERATIONS**|2024
Total
funds
£
195,057
60|
|---|---|
||195,117|
||193,961
378|
||194,339|
||778
2,967|
||3,745|
|||
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 4
**THE DUNCAN HOSPITAL CHARITABLE TRUST**
## **BALANCE SHEET**
## **31 MARCH 2025**
|2025
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Debtors
6
216
Cash at bank
22,586
22,802
**CREDITORS**
Amounts falling due within one year
7
(410)
**NET CURRENT ASSETS**
22,392
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
22,392
**NET ASSETS**
22,392
**FUNDS**
8
Unrestricted funds
22,392
**TOTAL FUNDS**
22,392|2024
Total
funds
£
-
4,123
4,123
(378)
3,745
3,745
3,745
3,745|
|---|---|
||3,745|
The financial statements were approved by the Board of Trustees and authorised for issue on 16 January 2026 and were signed on its behalf by:
J C Mackay - Trustee
The notes form part of these financial statements
Page 5
**THE DUNCAN HOSPITAL CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 MARCH 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.
The presentational and functional currency of the financial statements is Pounds Sterling (£).
## **Going concern**
After reviewing the charity's forecasts and projections, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## **Critical accounting judgements and key sources of estimation uncertainty**
In preparing these financial statements, the trustees are required to make judgements, estimates & assumptions that affect the application of the charity's accounting policies and the reported amounts of assets, liabilities, income & expenses. Actual results may differ from the estimates. Estimates & underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.
There are no significant judgements or estimates used in the preparation of these financial statements.
## **Income**
All income relates to donations and is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The Duncan Hospital Charitable Trust is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT and resources expended therefor include irrecoverable input VAT.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Financial instruments**
The charity has financial assets & financial liabilities of a kind that qualify as basic financial instruments.
## Cash & cash equivalents
Cash and cash equivalents comprise cash balances
Creditors
Page 6
**THE DUNCAN HOSPITAL CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 MARCH 2025**
## **1. ACCOUNTING POLICIES - continued**
## **Financial instruments**
Short term trade creditors are measured at the transaction price. Other financial liabilitiesare measured initially at fair value, net of transaction costs & are measured subsequently at amortised cost using the effective interest method.
## **Provisions**
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||2025|2024|
||£|£|
|Bank interest|158|60|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Direct charitable expenditure
Administrative expenses
**Total**
**NET INCOME**|2025
2024
Unrestricted
fund
£
195,057
60
195,117
193,961
378
194,339
778|
|---|---|
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Page 7
**THE DUNCAN HOSPITAL CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 MARCH 2025**
|**5.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|||
|---|---|---|---|---|---|---|
||||||Unrestricted||
||||||fund||
||||||£||
||**RECONCILIATION OF FUNDS**||||||
||Total funds brought forward||||2,967||
||**TOTAL FUNDS CARRIED FORWARD**||||3,745||
|**6.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||||
|||||2025|2024||
|||||£|£||
||Prepayments and accrued income|||216||-|
|**7.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||||
|||||2025|2024||
|||||£|£||
||Other creditors|||410|378||
|**8.**|**MOVEMENT IN FUNDS**||||||
|||||Net|||
|||||movement|At||
|||At|1.4.24|in funds|31.3.25||
||||£|£|£||
||**Unrestricted funds**||||||
||General fund||3,745|18,647|22,392||
||**TOTAL FUNDS**||3,745|18,647|22,392||
||Net movement in funds, included in the above are as follows:||||||
|||Incoming||Resources|Movement||
|||resources||expended|in funds||
||||£|£|£||
||**Unrestricted funds**||||||
||General fund|51,424||(32,777)|18,647||
||**TOTAL FUNDS**|51,424||(32,777)|18,647||
Page 8
**THE DUNCAN HOSPITAL CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 MARCH 2025**
## **8. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1.4.23
£
**Unrestricted funds**
General fund
2,967
**TOTAL FUNDS**
2,967
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
195,117
**TOTAL FUNDS**
195,117
|Net
movement
At
in funds
31.3.24
£
£
778
3,745
778
3,745
Resources
Movement
expended
in funds
£
£
(194,339)
778
(194,339)
778|
|---|---|
## **9. RELATED PARTY DISCLOSURES**
During the year to 31st March 2025, donations to the value of £15,046 (2024 £192,355) were received from The Mackay Clinic Ltd, a company in which Professor & Mrs Mackay are directors.
Page 9
**THE DUNCAN HOSPITAL CHARITABLE TRUST**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 MARCH 2025**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Investment income**
Bank interest
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Sundries
Donations granted
Bank charges
Fundraising expenses
**Support costs**
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income**|2025
£
51,266
158
51,424
35
17,729
413
14,172
32,349
428
32,777
18,647|2024
£
195,057
60|
|---|---|---|
|||195,117
35
186,163
286
7,477|
|||193,961
378|
|||194,339|
|||778|
This page does not form part of the statutory financial statements
Page 10