The Mary Brown Memorial Trust
Annual Report and Accounts
For the year ended 31 December 2024
Scottish Charity Number: SC048591
The Mary Brown Memorial Trust
Trustees Annual Report
Contents
Reference and Administrative Information ............................................................................... 3 Structure, Governance and Management ............................................................................. 4 Activities and Achievements .................................................................................................. 5 Financial Review ......................................................................................................................... 6 Reserves Policy ....................................................................................................................... 6 Independent Examiner’s Report ................................................................................................ 7 Receipts and Payments Account ................................................................................................ 8 Statement of Balances ............................................................................................................... 9 Notes to the Accounts ............................................................................................................. 10
Page 2 of 11
SC048591
The Mary Brown Memorial Trust
Trustees Annual Report
Reference and Administrative Information
| Charity Name | The Mary Brown Memorial Trust |
|---|---|
| Also known as | MBT/MBMT |
| Scottish Charity Number | SC048591 |
| Website | |
| Principal Address | |
| Independent Examiner | |
| Tangram Accounting | |
| 23 Clark Avenue | |
| Linlithgow | |
| EH49 7AP | |
| Bankers | CAF Bank Ltd |
| 25 Kings Hill Avenue | |
| West Maling | |
| Kent | |
| ME19 4JQ | |
| Solicitors | Holmes Mackillop |
| 109 Douglas Street | |
| Glasgow | |
| G2 4HB | |
| Investment Advisors | CAF Managed Portfolio Service |
| 25 Kings Hill Avenue | |
| West Maling | |
| Kent | |
| ME19 4JQ | |
| Trustees |
Page 3 of 11
SC048591
The Mary Brown Memorial Trust
Trustees Annual Report
Structure, Governance and Management
Governing Document
The charity was registered with OSCR as a Scottish Charitable Incorporated Organisation (SCIO) on 31[st] July 2018.
It was established following a significant gift, left by the late Mrs Mary Brown, a former member of Auldhouse Community Church (formerly Netherauldhouse Evangelical Church), Scottish Charity No: SC001443. She left the residue of her estate to the elders or leaders of the church, with an instruction that they should distribute sums bequeathed to charities at their sole discretion. The church elders, or leaders, decided to establish The Mary Brown Memorial Trust as a separate charity in the form of a SCIO, so that there would be good stewardship of the funds and further that the administration of the trust’s funds and grant making would be undertaken more efficiently.
The trust is administered in accordance with the terms of the constitution.
Charitable Purposes
The charity’s purposes, as set out in its constitution are:
-
To advance the Christian faith, by supporting Christian churches, and para-church organisations, Christian community projects, full-time Christian workers and to support charities promoting the Christian faith and its tenets;
-
To advance and promote education, by supporting educational charities, institutions and projects including by supporting and sponsoring people through secondary and tertiary education;
-
To prevent or relieve poverty by the support of charities which bring relief of poverty;
-
To advance health by the support of charities or projects which promote or support the improvement of health, including the provision of recreational or sporting facilities with the object of improving health;
-
To advance citizenship or community development by the support of charities or projects;
in the United Kingdom or elsewhere in the world.
Appointment of Trustees
As set out in the constitution, the maximum number of trustees is 7 and the minimum is 5.
The board may at any time appoint a new trustee by way of a resolution passed by a majority at a board meeting.
Trustees retire by rotation, with 1/3 retiring at each anniversary of incorporation, but may be re-appointed at the board meeting following the anniversary of incorporation.
Page 4 of 11
SC048591
The Mary Brown Memorial Trust
Trustees Annual Report
Management of the Charity
The trust does not have any employees but does engage the services of an Investment Management company to manage the charity’s investments in line with a relatively low risk investment strategy.
Activities and Achievements
The Trustees met in May and November 2024 to discuss and administer the affairs of the Trust.
During 2024, the Trustees received 88 Applications from Charities and, after careful and detailed consideration of each Application, The Trustees decided to approve 10 grants totalling £70,000 to Charities whose purposes advance the purposes of The Mary Brown Memorial Trust.
The Trustees also made discretionary grant awards to Charities for those in urgent need of assistance and relief due to overwhelming major disasters overseas in Nepal as well as those suffering due to conflict in Sudan.
Discretionary grants were also made by the Trustees to Scripture Union Scotland (to make summer camps and holidays available to children who would otherwise not be able to afford the cost of attending) and to Auldhouse Community Church for its Foodbank and for community events. Awards to Charities for such projects amounted to £17,500.
In summary, grants made were to further (a) the advancement of the Christian faith in Scotland, other parts of the United Kingdom and abroad (b) the relief of poverty and disease in the United Kingdom and elsewhere in the world and relief from hardship and disaster overseas through humanitarian projects (c) the advancement and promotion of education and support for young people in Scotland and overseas (d) the advancement of community relief and development in Glasgow in projects in which Auldhouse Community Church and other Churches are involved (including a Foodbank and community events for adults and young people) and (e) the advancement of Christian education and study in the United Kingdom.
Further details of grants awarded are provided in Note 5.
Page 5 of 11
SC048591
The Mary Brown Memorial Trust
Trustees Annual Report
Financial Review
Receipts to the charity’s bank accounts during 2024 were mainly from the drawdown of funds held as investments of £75,000 (2023: £100,000), together with a small amount of bank interest of £85 (2023: £81). A further £4,500 was returned by a charity which was no longer able to complete the activity for which the grant had been awarded.
Payments were mainly made as grant payments awarded as shown in note 5. Of this, £17.500 (2023: £58,500) was made as discretionary payments by the trustees, and a further £70,000 (2023: £52,204) was paid to charities and other organisations as a result of applications made to the trust.
A deficit of £8,892 was made in 2024 (2023: £13,454). The trustees’ approach is to achieve a modest return from investment income and distribute grants at a level which will result in the trust being wound up within 4 or 5 years. The balance of funds held by the investment management company have reduced by £45,114 (2023: £73,590) in line with this policy.
Reserves Policy
The trust aims to carry cash reserves of a level that allows the charity to meet the day to day running costs, including outstanding grant payments, of the charity and draws down funds from investments as necessary to fulfil its grant making commitments. In addition, a small sum is held that would allow an immediate grant to be made following an urgent appeal for aid in line with the charity’s charitable purposes. At 31[st] December 2024, the trust had Unrestricted cash funds of £18,095 (2023: £26,987). The trustees believe this is in line with the above policy.
The Trustees’ Annual Report was approved at a board meeting on 19[th] May 2025, and signed on their behalf by:
Page 6 of 11
SC048591
The Mary Brown Memorial Trust
Independent Examiner’s Report
Independent Examiner’s Report
to the Trustees of The Mary Brown Memorial Trust
I report on the statement of account of the charity for the period ended 31[st] December 2024 the accounts of which are set out on pages 8 to 11.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the statement of account in accordance with the terms of the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
The charity trustees consider that the audit requirement of regulation 10(1)(d) 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 Independent Examiner’s Statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the statement of account presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures 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 the course of my examination, no matter has come to my attention,
-
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 comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or
-
To which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached.
Address:
Tangram Accounting 23 Clark Avenue Linlithgow West Lothian, EH49 7AP
19[th] May 2025
Page 7 of 11
SC048591
The Mary Brown Memorial Trust
Accounts
Receipts and Payments Account
For the year to 31 December 2024
| For the year to 31 December 2024 | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Unrestricted Funds |
Unrestricted Funds |
|||
| Notes | £ | £ | ||
| Receipts | ||||
| Bank Interest | 85 | 81 | ||
| Return of Grant | 4,500 | |||
| Receipts from Investments | 75,000 | 100,000 | ||
| Total Receipts | 79,585 | 100,081 | ||
| Payments | ||||
| Cost of Charitable Activities | 5 | 87,752 | 110,991 | |
| Governance Costs | 7 | 725 | 2,544 | |
| Total Payments | 88,477 | 113,535 | ||
| Surplus/Deficit for theyear | (8,892) | (13,454) |
All funds of the charity are unrestricted.
The notes shown on pages 10 to 11 form an integral part of these accounts.
Page 8 of 11
SC048591
The Mary Brown Memorial Trust
Accounts
Statement of Balances
As at 31 December 2024
| Statement of Balances As at 31 December 2024 |
||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Unrestricted Funds |
Unrestricted Funds |
|||
| Notes | £ | £ | ||
| OpeningCash & Bank Balance | 26,987 | 40,441 | ||
| Surplus/Deficit | (8,892) | (13,454) | ||
| Closing Cash & Bank Balance | 18,095 | 26,987 | ||
| Investments | ||||
| CAF Multi-Asset Income & Growth Fund | 354,672 | 424,121 | ||
| Cash held byInvestment Company | 295 | (24,010) | ||
| 354,967 | 400,111 | |||
| Other Assets | ||||
| Other Liabilities | ||||
| IE Fee | 610 | 720 | ||
| Grant due to bepaid | - | - | ||
| Total Estimated Liabilities | 610 | 720 | ||
| Contingent Liability | ||||
| Grant awarded but not able to treat as a liability |
- | 10,000 |
All funds of the charity are unrestricted.
The notes to the accounts shown on pages 10 to 11 form an integral part of these accounts. These accounts approved by the trustees on 19[th] May 2025, and signed on their behalf by:
----- Start of picture text -----
___
----- End of picture text -----
Page 9 of 11
SC048591
The Mary Brown Memorial Trust
Accounts
Notes to the Accounts
1. Basis of Preparation
These accounts have been prepared on the Receipts and Payments Basis and are in accordance with the requirements of the charity’s constitution, the Charities and Trustees Investment (Scotland) Act 2005, and The Charities Accounts (Scotland) Regulations 2006.
2. Related Party Transactions
Trustee are also trustees of Auldhouse Community
Church, Scottish Registered Charity SC001443, to which grants were awarded, totalling £2,500 during 2024.
No trustee received remuneration from the charity (2023: none)
No trustee received expenses from the charity (2023: none)
3. Analysis of Receipts from Investments
| 2024 | 2023 | |||
|---|---|---|---|---|
| Unrestricted Funds |
Unrestricted Funds |
|||
| Notes | £ | £ | ||
| Bank Interest | 85 | 81 | ||
| Receipts from Investments | 75,000 | 100,000 | ||
| Total Investment Receipts | 75,085 | 100,081 |
4. Analysis of Payments relating to Charitable Activities
| 2024 | 2023 | |||
|---|---|---|---|---|
| Unrestricted Funds |
Unrestricted Funds |
|||
| Notes | £ | £ | ||
| Bank Charges | 60 | 60 | ||
| IT/Website Costs | 192 | 227 | ||
| Grants Paid | 87,500 | 110,704 | ||
| Total Cost of Charitable Activities | 87,752 | 110,991 |
Page 10 of 11
SC048591
The Mary Brown Memorial Trust
Accounts
5. Grants Paid
| Grants Paid | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Unrestricted Funds |
Unrestricted Funds |
|||
| £ | £ | |||
| Grants to Institutions: | ||||
| Auldhouse CommunityChurch Foodbank | 2,500 | 2,500 | ||
| Aruka | 10,000 | - | ||
| Christian Values in Education | 5,000 | - | ||
| Freedom Kit Bags | 5,000 | - | ||
| Junction 12 | 10,000 | - | ||
| LeprosyMission Hospital EmergencyAppeal | 5,000 | - | ||
| Malawi Fruits | 5,000 | - | ||
| Queens Park Govanhill | 10,000 | - | ||
| Radiate Cathcart | 10,000 | - | ||
| Scripture Union Scotland | 5,000 | 5,000 | ||
| Southside Church SCIO,Ayr | 5,000 | - | ||
| Tearfund Sudan Appeal | 5,000 | - | ||
| Village Church | 5,000 | - | ||
| 24-7 PRAYER | 5,000 | - | ||
| Auldhouse CommunityChurch Event | - | 1,000 | ||
| Bridge CommunityProject | - | 4,368 | ||
| Care for Carers | - | 4,936 | ||
| Cathcart Youth MinistryPartnership | - | 6,000 | ||
| DEC(Earthquake Appeal) | - | 20,000 | ||
| Exodus Trust | - | 5,000 | ||
| Glasgow CityMission | - | 5,000 | ||
| Outfit Moray | - | 4,400 | ||
| The HoverAid Trust | - | 10,000 | ||
| The Willow Trust | - | 5,000 | ||
| Tearfund | - | 30,000 | ||
| Visible Ministries | - | 5,000 | ||
| Westminster Theological College | - | 2,500 | ||
| Total Grants Paid to Institutions | 87,500 | 110,704 |
6. Governance Costs
| Governance Costs | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Unrestricted Funds |
Unrestricted Funds |
|||
| Notes | £ | £ | ||
| Independent Examination | 720 | 2,544 | ||
| Postage Costs related to IE | 5 | - | ||
| Total Governance Costs | 725 | 2,544 |
Page 11 of 11
SC048591