Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C REGisfaiED CHARIfY NUMBEIL. 1029337 REPORT OF THE TRiisfEES AND UNAUDITED FINAficIAL ATEmEr1rS FOR THE YEAR ENDED 30 SEPTEMBER 2020 FOR THE BErrY MARTIN CHARITY Lewi5 Brwlee (Chichester) iimtoy Grange House Grènge Fioad Nidhurst West Sussex GU29 9LS
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C THE BErrY MARTIN CHARirY CONfEKfs OF ThE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Page Report ofthe Tn9 I to 3 Independent Enmlner's Report ststement of Financijl Activrties Balance Sheet Note5 to the Financial Statements 7 to 10 Detsiled Statsmnt of Finandal ALtlvities li
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020 The Twstees PTEWt thar rewrt th the finarla1 statements ofthe charity for the year ended 30 Seixemter 2020. The Trustett5 have adoptal the prowyons of AccountiThJ and Repcling by Charitses: Stknnent of Re¢rynmeThled Pracbce apF4icaL4e to charTbes txEparing their accourts in accordano with the Flnancial RerortirYJ Stsndèrd 3thicabJe in the UK and RepubTrt of Ireland CFRS 102) {effecbve l January 201. ObJectlve5 and aims The charitys Objects are to a(fvance education by womding financial 1p arKi trdlnlng fcf young peorle to enable them to acquire mathtle skslls. There h35 been no change in tmese during the year. The Truste04 ve ld due Fegard to guidan i55ued by the Charity ComNMSSton on public benefit in dellding what cts"vrties clorty should undertake. Sgnifi¢ant a£tNAIÈs The main area c( charilaiAe acomty is the prows1 of top up grartSto pay fe25, b7vd expSes, mairtenarKe in apprenticeships and forthe purchase of twks,tools ett. APIcants mLSt be r&idert in the cwnty of West SJss2x and prderence wlll be ghRn to those apFlicants who Iwe within a radius of fif thles of Midhur# fmm Midhurst parish church. ACEVEmENr AND PERFORMAN Charitable artivitses £15,247 worth cl grnnts hwe awarded during the year (£14,771 last yearl.This includ8J a further £10,0 tng awarded to Easeboume Prirypry Sthcd to estsbllth a Nuktyre Room. The Oerk cothrnjes to get te]ephone calls, emalis and post regarding grdnts. We re 8WLllries from the loral college and schools and the website- Turn2us- Ilags up the Betty Ma"n Charty. Sadly the Objects have not been aFgIKable tD many clthe enquirias and, rf app]icatle, the Cbiects have fmvarded giving clarrfiotiDn. FINANcfAL REVIEW Financial PDSition The invesbrttt I¢me has deCread frorn É29,099 tast year to £26,422 this year. The Ove11 expendUre has increa margIrllY from £27,155 to £27,881. This include5 a g))all Incse in grants awarded to indimduals as well as a further £10,000 grènt bw'ng awarded to Eafjthume Primary SctK)d. The invesbrets prcJuced unrealised losses cl £77,935 comparerj tt) £64,096 unrealised gains ksl wr. Corwuendyi the balance Sheet restsves have redutsd from £786,079 to £706,767. Reserves policy It is the pdicy rf the chatity that unr&icted funds whlch have not been delgnated fw a s[fiC use 5hwld maSntslned at 3 levd eqLJfvalent to betwe th sx rTh)nth's eXpendire, The Trus consider that reserves at this level will ert5ure lJ)a¢ in the event of a SwJn1(ènt drop in fundingi they 11 be ab]e to cortinue the current acbiqbes while c51(Jer0tlc is gwi to ways in whlch addrtsc)al funds may be raised. This levd of reseNe5 ha5 been maintaingj throughwtthe year. Goiny concern At the time of appromng the accounts, the Tnstees have a reasonable wects1j¢ that the Twst has aduate resources to cenb.nue in oper71ional exi5ce for the foreseeable futu. This is bome out by the fact that the ftr reachiThJ effects of the panddnic, the thaiitrl s reserves t(kn1 £706,767 at the end of the ac¢ountr"rrfJ r. nditure in the year (£27,881) margirolty pjceeded incon fore tsla.ng into account unrealised losse5 the r. In the first qrter fcllowing of this Hr, Inve5tTnut cash r*ms rttovtted to £781.774 - increased from £695,174. Thu5 Trustees continue to adcyt the going concun basts of accwnting in prepathg lfr accourrt& Page I
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C THE BErrY MAirrzN CH REPORT OF THE TRusfEES FOR THE YEAR ENDED 30 SEPTEMBER 2020 FUTURE PLANS Although the Trustees dJn me& in p kist due to the IkthWn caused by tr pandem, effectwe d[c mkn'ng wa dYk4ils and other dectronic communlcatlon the charty to ConnUe to tleal grant appilcatsons as The Truee5 are Ic•Jking forward to the new year consideratle cptimI ènd slncerdy that sgnifKanty rnore local Feople might bt friwn vthatever flnanaa support the Trust nKgy be able to offer, The sbJnffiont financial suppcrt gIV to Easetoume Primary Schod helping to tlevek4) a Nurture during the last yeaFS shows lW deteMThJ the Trustees are to kwmde help f advancing educat)n -wrfically in the kKal affj. srRUCTUR& GOVERNANCE AND MANAGEMEr Governing document The chority is ccthld by its goveming d¢uMent, a deed tru and constrtutes an incOrètrd charty. Charity constitution The charity was est311ed on 30 Novembw 1993, arbj is registw&l under thaiites Act (registration number 1029337). Reuuitment ?nd appoithent of new trustees New Trust a appoint8J with the full agreenEnt of the LTh)ard to use their thlls and pJpem"ence as directaj. New Trustees are direrted to the Charty ComryM5son web site and 5pecrfically to the Intr(x1uctory guide "O)arity Trustee whavs invdved" {CQa) and the detsiled guidan Yhe essenifjal Trustee.. what you to lts)tsw, what ycu need to do" {CC3). Oryani5ational 51TUCture The gnt application prccedV continues as tefc¢e. the aeJk forwards by email. Cf suns the roptrs atNI forwards to all Twstes The TrLteeS use ¢ynail in their respjnse to the apF4io3tions and apprOlate p4)ers recetrval. 'repty to all. so that each Tru is aware d each (thers's reSpSe. The Tru#ees continue to be strKt in their adhemce to the Objetts, with Preferen to those who live within fifw) mlle radius of Midhurst Pdiish thurch. All aFvlicatics are congdered. Mr NICè$ TaOr of Chath5 continues ts manage the funds. Mrs Matkjane continw in the rde of aeWcorresp)ndenL Risk rnan•y?m•bt The trustEes have assessed the major r15ksto whid) the charty is e¥p)sed. and are sjbsfied that systuns are in rAate t mÈti"gate eKpDsu to the lls. REFERENCE AND ADMINISTRATIVE AILs Reylstrred Charity nun)ber 1029337 Piincip•l address 46 Guillards Oak Mldhur5t W& $seX GU29 9JZ Twste Ms J Lorrimw4keen D J Mccaheaty Mrs E M(x)re N W Smpson S Legrdve Mrssaa Page 2
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E2248B5621 E120C
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C THE BErrY MARTIN CHARirY REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020 REFERENCE AND ADMINisfRATIVE DETAILS Independent Examiner Sardh Alexand FCCA FCA Lthis Brownlee (Chichester) Lim1 ¢knnge House Grange Road Midhurst West Su GU29 9LS Bank¥s Natiwal Westrninst¥ Bank PLC RumiKAds Hill Midhur West Sussex GU29 9D8 Charteris Treasury PO0110 Managers Ltd 25 *uthemhay East E%1 IQP Delegated Manayemert Mrs M Crisp Apwov& by crder of the iwrd of tru#e2g cn ... .. .... . and signed its by. rrn-Green- Trustee Page 3
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C INDEPENDETrTf EXAMINER'S REPORT TO THE TRUSTEES OF THE MARTEN CHA Independent &XamIner report to the lyustees of The Betty Mhrtin Choiity I rewrt to the charity trustees on my examinatirn of the accounts of The ty Martin Chèrity (the Trust) for the year ended 30 September 2020. Responstbilities and basis of repurt As the charty trus of the Trust you are responsiL)le the preparation of the accourrts in accordance the requirements c¢ the Charits"e5 Art 2011 (the Actrl. I report in resFe£t nty examlnaOon of the Trusvs CoUnts canied out under secbon 145 d the Art and in otyng out my exanyn"on I have fdlowed all aN)licable Llrecticns gwen ty the Charity Commis9(n section 14515Xb) of the Independant examin*s statement l ve compkted my examination. I confimi that no mtsial Mat have conr to my atten in Conntion ¥th the examination gMNJ me cause to lIeVe that in any material r2£ accounting reccxds wwe Th)t kept in re¥ect of the TrLtst as required by 5tion 130 of the ACL. or the accounts do not accord those records or the accounts do nvt comply %•Ath the aVIble reouiremerts ccnceming the fM and content of Kcounts set out in the Charitles (Accounts and Rerts) Regulati$ 2008 other than any requirement that the accounts gNe e and fair wew lch is not a mattff ci)nsider& as an Independ exBmination. I have no concems and have ccffie across no other rrfitters in connection the examinat#)n tn which att8)tiC thwld be drBwn in this repjrt in order to eable a kwper under5tsnding of the BCCWE)ts to be reached. Do¢uSnId by.. A6$236012E884C4 Sarah jex7nder FCCA FCA Lewis Brownlee (Chichester) GrnrvJe House GTrr4Je Road Midhurst West 9Jssex GU29 9LS 07 september 2021 1 02.'03 PDT Page 4
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C THE MARTXN CHARrrY srATEMENf OF FINANCIAL AIV[riEs FOR THE YEAR ENDED 30 SEPTEMBER 2020 2020 iknrestricted fund Total fund5 2019 INCOME AND ENDOWMEKfs FROM Invesbnent income 26A22 29,099 EXPENDThURE ON Ralsiny fund5 11,231 10,879 Charrtèble athibes Grants Fpyabk 15,247 14,771 IA03 1,505 Totsl 27WI 27.155 Net Ing{lO&) on investments 82 116,061) NEf INCU41EI(EXPENI)rruKE) (1,377) {14,1171 Other recoynised gainsl(losse5) Gains/tlow) on revaluation d fix& assets (77,935) 64,096 Net movement funds {79J12) 49,979 RECONCIUATXON OF FUNDS Tolal fvnds brouyhtfonyard 766,079 736,100 TOTAL FUNDS CARRIED FORWARD 706,767 786,079 The nc*e5 f( part of these flwncial ststgnertS Page 5
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C BALANCE SHE 30 SEPTEMBER 2020 2020 UDrestricted fund Total funds 2019 FIXED ASSErs Investments 611,924 711,143 CURREf4T ASSErs Cash 3t bank 94•3 74,936 CURRENT ASSErs 94•3 74.936 70767 786,079 NEf ASSErs 706,767 786,079 FUNDS Unrestricted fuTrds 706,767 786,079 TOTAL FUNDS 706,767 786,079 The financial sL3tenrts were by the W3rd of Trustees aThJ authorisej for issue .. and were ggned (n ty. rriMeGreen. Trustee S iegra¥e. Tnjstee The notes fcrni part these finanoal statements Page 6
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 É120C
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C THE MARTIN CHA NOTES TO THE FINANCIAL AlEmENTs FOR THE YEAR ENDED 30 SEPTEMBER 2020 ACCOUNTING POLICIES Basls of preparing the financial statsments The financia5 siatemerts of the charity, Trknich is a puL4ic bentht erth under FRS ID2, have pry)ared in cordance witt) the Charibes Rp(FRs 102) 'Accounb"rrfJ and RewJrtiThJ by Ch3rVaes.' Ststsment Reccffimended PTa(ti appliCae to charities preparing their aCcJnts in Kcordance with the Financial Reptiting Stsndèrd applic3e in UK and RepuNic of Ireland (FRS 102) {effecbve l January 2015)., Financial Retwbng Stanthrd 102 The Financol ReD)rtiThJ S13ndard apicab]e in the UK and RepU1C of Ireland, and the Charities Att 2011. The finarKlal 5taternuts have iEen prwared the historical cost convention with the exception of inveStnts whKh are includèj at market Wdlue. Income All incom2 15 recognised in the StateTrt of fin0a1 Athties once the tharty has enuuement to trE fun(is. 6t Is probable that tre incont will be receThied amount can meayjred rdiab. £%lditure abilities are reccgni5ed as exkEnditU as stK)n as there is a Ial or constnKbve oblioation commltting the thartty to that eypenditure, It Is prcthYe that a knn4er ecoTr)mic benlts will be requiral in getrlematt and the amount of the olgatIOn can be measured rehabty. Expenditure is accourrted for co an accruals bas and has been classffied undtr he3dings aggregate all co# rela to the categury. Where costs cannot be dlrecuy ttrlbLtsd trj particular headings they have bn allrKatsl to acbv1ty on a bass cons&ent wtLh the use ( Grants offered 5ublert to tr)ndOns wNch have not been met * the year end dale a noted a5 a corY¥nitrnert trAJt nrt accrued as expenditu Taxation The charity Is e<empt from tsx on its charitab ZNVEsfMEv INCOME 2020 2019 IrKome frL¥n listed ingents Dep)5fc account Irte$t 26h20 29,097 26rt22 29,099 RATSING FIJND5 Investment management Costs 2020 2019 pts0110 managRnt 11,231 10,879 Page 7 continued...
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C THE BErrY MAMN CHARirY NOTES TO THE FINANCIAL ATEETrS- continued FOR THE YEAR ENDED 30 SEPTEMBER 2020 TRusfEES' REMUNERATION AND BENEFITS There were no Instees, remunwation or ther tenefts for the year ended 30 &ptert£r 2020 nor for the year dgj 30 September 2019. There were no e4wLS2S paid for the ed 30 Septemter 2020 n(r for the ye8r end 30 Septemter 2019. Unstlrted fund It4COME AND ENDOWMEIITS FROM InveStrnt Income 29,099 EXPENDThURE ON Paigng funds 10,879 Chariiable actfvities Grants payable 14.771 Other 1,505 27,155 Net gain5JOowl cn Investms (16,061) INCOMEI(EXPENDrruRE) (14,117) Other recognised gainsl(losses) Gains on rev71tiOn d fix& assets 64,096 Net movement funds 49,979 RECONCILIATION OF FUNDS Total funds brought fonyard 736,100 TOTAL FUNDS CARRIED FORWARD 786,07g Page 8 cOnnued...
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C THE MARTIN CHARIrY NOTES TO THE FINANCIAL 5TATEMENTS- contlnued FOR THE YEAR ENDED 30 SEPTEMBER 2020 FIXED ASSET INVESTMENTS Listed MARK VAWE At l Lktober 2019 Addibons Dispwls Revaluations 711,143 1.754 (23,038) (77,935) At30 ¥ter 202D 611.924 NEf BOOKVALUE At 3D SeptemLrr 2020 61¥924 At 30 September 2019 711,143 Thue were m invthnt assets cthsKle the LK MOVa4ENf ZN FUNDS Net ovemert In funds At 3019120 At 1110119 Unrestricted funds General fund 786JJ79 (79,312) 706,767 TOTAL FUNDS 786.079 (79.312) 706.767 Net wnvernt in funds. Induday in the atrAwe are as frAIow5.' incoming resources Resources expended Gains and Movement in funds Unre5trlrted fvnds General fund 26h22 (27081) (77053) {79,312) TOTAL FUNDS 26h22 [27WI) [7753) (79,312) CA)mpDrntives for movement in fvnds Net movement in funds At 1110118 At 3019119 ilttrestrlrted fuDds General fvnd 736,100 49,979 786,079 TOTAL FUNDS 736,100 49279 786,079 Page 9 cc)nbnu&1...
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C THE BErrY MARTIN NOTES TO THE FINANCIAL sfATEMENTS- coniinued FOR THE YEAR ENDED 30 SEPTEMBER 2020 MOVEMENf IN FUNDS- continued Comparabk n& mOVet in funds, induded in the above are as fdlows: Intomtng Resources resources expended Galns and Movement in funds Unrestrfcted funds General fund 29,099 (27,155) 48.035 49,979 TOTAL FUNDS 29,099 (27,155) 48,D35 49,979 A ojrrent year 12 rrtath ar41 year 12 mrnths tombined wAtion is as follows: Net movement Ih fvnds At 3019120 At iii0iX8 Unrestritted funds General fLd 736,100 (29,333) 7QEs,767 TOTAL FUNDS 736,100 (29,333) 706,767 A current year 12 mcnths prior year 12 morths combinaj net mvem¥rt Sn funds, induded in the ?LTh)ve are as fc4lows: Incoming Resources resources expended Gains and Movement in fund5 Unrestricted funds General fvnd 55,521 (55,036) {29,818) 129,3331 TOTAL FUNDS 55,521 (55,036) {29,818) 129,333) RUTED PARTY DISCLOSURES Thtte were no latl tran$3tticms the year ended 30 SeF¢ember 2020. Page 10
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E224BB5621 E120C THE BErrY MARTIN C DEfAILED sfATEMENT OF FINANCIAL AcYrvrrIES FOR THE YEAR ENDED 30 SEPTEMBER 2020 2020 2019 INCOME AND ENDOWMEwrs Investment Income Income frcxn listed inv2ther account interest 26A20 29.097 26A22 29,099 Total incoming resources 26h22 29,099 EXPENDrruRE Investment management costs POrff10 management 11,231 10,879 Charitable artly1e$ Grnnts to institubons Grants to indiiduals 10,000 5,247 10,000 4,771 15,247 14,771 Support C4)sts Management AdmiAiStrtion ep¢S 443 665 Governance costs Accountsncy anL1 legal f 960 T¢*al resourcts ewd 27.881 27,155 Net (expenditure)lincome before gain$ and (Ih59) Realsed recognised galns and lossos RealiSEd gainslllosse5) on ass& investm&ts 82 116,061) Net expenditure (1,377) 114,117) This page doe5 Th)t form part statutoryfinancial statsments Page 11
Docusign En¥ÈlopÈ ID." DF11ADEB425C4446-8E2248B5621 E120C