REGISTERED CHARIff NUMBER: 1029337 REPORT OF THE TRLisfEES AND UNAUDITED FINANCIAL sfATEMEp¥rs FOR THE YEAR ENDED 30 SEPTEMBER 2023 FOR THE BErrY MARTIN CHARIfY . Brownlee (thichester) timite Grange House Grange Road Midhurst West Sussex GU29 9LS
CONTENTS OF THE FINANCIAL sfATEMEKrs FOR THE YEAR ENDED 30 SEPTEMBER 2023 Page Report of the Trustees 1 tr) 3 Independent Examinerfs Report stthment of nancial Activities Balance Sheet Notes to the Financial Statements . 7 to 11 Detsll•d Statwnent of Fioancial Activitie5 12
. THE BErrY MARTIN CHARTfY REPORT OF THE TRisrÈES FOR THE YFAR ENDED 30 SEIryEMBER 2023 The Trustees pent trÉir report with the finar1 Staternts of the chority for the year ended 30 September 2023.The Trustees have adopted the prnllsons of AUnting and keporting by Jartbes.. Statsment of Recommended Practi applible to charities prq)aring thelr accounts in accordance wth the Finanad Rep)rting Stsndwd applicèble in the UK and Republlc of [land IFRS 102) leffethe l January 20191. OPJECTIVES AND AcmirrIES Ob]ertlves and aKms The charivs Objetts are to advance edUcatn by prov¥JiThJ finanoal help and training for young PéOFle to enaNe th to acquire marketsble sknlls. There has been no tharoe in these during the year. The have pald due regard tr) guidantr iwed by the charity Q>mmi5sion on public iEnefft in dld1[Va what actThqties the charity should undertak& Significant aclivitseg The rnain area of chèritsble actyvity i5 the provision of top up grdnts to pay fees, tr7vd expenses, mntenan, pprentIh1pS and for the purthase of books,tods etc. Ap1(antS must bÈ r45ident in the county of Westsussex preference wi11 beyfven to those applints who live within a radius Df fifteén mil of Midhurst from Midhur parith thurth. ACHIEVEMENT AND PERFORMANCÉ Charitable actlvitles £14,755 worth of grants have been awarded during the year (£19,369 la5tyear).Thi5 induded £IO.000 kng awarded to Midhurst Prirnary Schwl to eabli#t a SeD5Dry Ganjen. The aerk contiThJes to get tdephone calls. wl1 s and post regarding grants. Wè reve enqoiries from the local colleoe and 5chods the web5ts-Tum2us- flags up the Betty Martift Charity. Sady the Obietts have not been apiCae to many of the enquiries and, rf ltable, the Obietts have teen fowdrd&l gNing darifKatv)n. FINANCIAL REVIEW nancial position The inve5th1ent income has rethced from £28,180 last year to £26,261 d)is year. The overall eypenditure has redj from £33,204 to £26,9D7. This is rnainly due to le55 grants tong awarded thls year. The investments produced unreaLsed gains of £44.071 compared to £175,634 unrealtsed losses L4St year. Cons¥ue. the larKe sheet reserves have from £655,156 to £686,533. It is the wlKy of the charlty that unrestritted funds whith have nttt been designated for a speofic use should maintsln&1 at a level equiYant to ben thm and six months eXpendItu The Trustee5 ttSer that remo5 at this level will ensure tha¢ in the èvert of a 5ignfficant drop in funding, they wal be ae to continue the tharitfs ojrrent vities while consideratson is given to ways in whith addtbonal funds nw be raised. This knl of restr$ has been nkiintained throughout the year. Going eontèrn At the time of approvlng the attounts, the Trusts have a onable exp*ti¢n thatthe Tnsst has adequate resource5 to continue in orEr3btsnal e¥istence for the foreseeable fijture. Exwdibjre in the year (26.907) marginalty exceeded intome (£26,261). MowÈver thètharfws ro£erves total £686,533 atthe end of the acrounting year. Thus th&Twstees contlnue to adort thè going toncem [$ èf accounting in Weng the accourts. Pa1
'. THE MARTXN CHARrrY REPORT OF THE TRUStEES FOR THE YEAR ENDED 30 SEPTEMBER 2023 FUTIIRE PLANS The Trustees e Iking foFward to the new year Mth con5ider&)le optimism and ssncerety hope thetsignnficantly more . lo¢J people mwJht benef from whatever finanaal 9JPPOrtthe Trust mèy be able to offer. The 5vJnificant finanaal support gfven to Easebrne PriTTtary School and noby Mldhurt Primary Schod during the Ea# three yE4fs shows how detemiined the Trustees are to promde help ft¢r advaftang educath)n %p8ificalty In tre Ipr STRUCTURE, GOVERMAIICE AND MANAGEMENT Govèrning d¢XMent The (harity is Eontrolled by its goveming documen¥ a deed of tntst and con%titutfS an uninccKported cha. Charity constitirtion Tne charity was tabished on 30 Ntsvember 1993, and is r4LSterat unr the 0)ar[e5 Act (r4istration numLÈr 1029337). Racruitirert and appointment of NEWtrnstees Nebv Trn5t are appointed with the 1 ?jreernt of the board to use their thIS and ex[erien as directed. Ne•4 Trus are direrted to the Charity Commission web ste and spedftcally to the introductory guide "Charity TNstee WS invdwj (CC3al arKI the detail guIdan'The essential Tru#ee: what you to know, what you ne8J to do (cc3}. Organisational $tru¢ture The grant aFWicatson procedure continues as trefore, the clwk forwards by ernail, or xans the papets and forwards to al Trustees. The Trustees use email in thr resF4)nse to the applications and apprijpate perS received. They'reply to all. so that each TTUStee aware of oth¥ The Trustees ttjniinue to be strfct In their adrenCe ts the Objects, Prefe gfven to those who live wfthln fiftn mik radius of Midhurt Parish Churd). AJI apiCationS are considered. Mr Nthdas TaOor of Charteris continw to manage the fvnts. Paul Legrave cardoj ort the rok of aerk/ctsrrespondÈnt. GDPR and policy statements The Trustees continue to follow the of GeTrI D3ts Protecdon Regulakn, ensuring Ccentity for all pIrt& Atl those Seeng finanaal SUPFKJrt are adwsed thata copy the Prfvacy Poliw would be avaiLibEe on r4u&£L Risk man•gement The trust have assessed the major risks to the charity is ew&l, and are satisfied that systams are in rA to mitigate exPUre to the maicy r15ks. REFERENCE AND ADMINIsfRATXVE DAlL$ R¢gÉstere<l Charity number 1029337 Principal addre$5 A5hfield House 7 Ashfidd a¢)se Midhur5t West Sussex GU29 9RP Miss J Lorimer-Green Mr D J Mccaheaity Mrs E Moore MrNW&mps Mrs S Legrave C8E Mrs S Oark
THE BErrY MAFMN CHARrrY REPORTOF THE TRusfEES FORTHE YEAR ENDED 30 SEPTEMBER 2023 REFERENCE AND ADMINISniATIVE DEfAILS Indep¢nd¢nt Examiner MdanE Phillips FcfA AC4 Lwis Brownlee (Q)i¢hester) Limited Grange House Grange Road Midhurst GU29 915 Bankers National Westminster Bank PLC 250 Blshop>Jate LorKlon EC2M 4AA Investment advigors ChariEfi5 Treasury Porfoyio Manag¥s Ltd 8-9 Lovat Lhne LoThlon E(3R 8DW Delegated Management Mr P L4rave 19 Approved by order of the board of tw#ees tsn ............................. .... ...... . and 9gneJ on its behalf by. 5 J Lorimw-GreeT)- Trustee Page3 .
INDEPENDENT EXAMIf4ER'S REPORTTO THE TRIISTEES OF THE BErrY MARTIN CHARITY . . Independent examinews report to the trustees of The Betty Martin CIKrity I report to the charty tru on my exaMInaOft of the accourts cf The Betty Markn"n Charlty (the Tru#) for the year éndèd 30 Septemter 2023. Responsibilities and bas1$ of report As the tharity trustees of the TnJst you a responsbje for the preratn of the acwunts in accordance wth the re4uirenEnts of the Charities Att 2011 (the Act,). I report In res of my examin"on of the Tnrts a¢jUnts carrie& out under Sethn 145 of the Art and In carrylng out my examination I have followej all applKat4e Dirtttions by the (harity CoMmlon under Section 145(5)(b) of the Independentexaminer's statsmont I have completeif my examination. I q)nflmi that no matstial rnatters have conk t() my attenon in connection the eKaminatkin giwng MÈ cause to believe that in w rrTratrrial respect: accounb.ng rrfords were not kept in respett of the Trust as wuired by S&tson 130 of tk K. LY the accounts do not atcord wilh th)se recorJJs,' or the accounts do not comply th the &picable rewirements conceming the fomi and content of accounts Set out in the Chanties (Accounts and Reports) RUlationS 2008 other than any requirement t the accounts give a true ar¥1 fair view which is not a matter con51dered as part of an indepaJent examinrkn'on. E have no conTrrrs and have no other matters in connection with the &xamination to whith attention shoul be drawn in this mport In orderto enable a propv urJtsrdnding of the aLrounts to reached. Mdanie Phillips FCCA ACA is Brownlee lthithester) MId . Grawe House Grange Road Mhurst West Sus GU29 9LS &&.ox. lolLF
THE BEfTY MARTIN CHARITY srATEMENT OF"FINANCIAL ACTIwrriES FOR THE YEAR ENDED 30 SEPTEMBER 2023 2023 Unrestrlcted nd Totsl funds 2022 INCOfvIE AND ENDOWMENTS FROM lnve5kn1nt income 26,261 28,180 EXPENDrruRE ON R¥151ng fvnd5 10,676 12,324 Charitable attivltiés GTrnts payat4e 14,755 19,369 1,476 1,511 26,907 33,204 Net galnsloosses) on investrrtents (12,048) 15281 INCOMEI(EXPENDrnIRE) other reeogrtised gairtsl(losses) Galnsl{losses} on revalua15on of fixed assets (Il694) (5,552> 44,071 (175,634} Net movement In fvnds 31,377 (181,1861 RECONCEUATION OF FUNDS Total funds brought forward 655,156 836,342 TOTAL FUNDS CARRIED FORWARD S8633 655,156 The notes fomi paft of these financial statements Page 5
THE BErrY P4ARTIN CHARrrY 8ALANCE SHEET 30 SEPTEMBER 2023 2023 Unrestricted fund Totèl funds 2022 Investments 676,914 636,136 CURRENT ASSErs Cash at bank 9,694 20,IIJ) NET CURRENT ASSETS 9,694 20,11)0 TOTAL ASSEfs LESS CURRE1 LIABILrfiES 686,608 656,236 ACCRUALS AND DEFERRED INCOME (75) (1.080) NET ASSErs 686,533 655,156 FUNDS Unrestricied funds 684533 6S5,156 TOTAL FUNDS 686.533 655,156 The tements were approvej by the Board of Trusies ènd authised for issue on . an<J were signed on its l*half ty: S9 J Lorimer-Green - Tntrstee Mrs S Legrave CBE- Tr(LStee The notes fomi part of th&e ffnancial statements Page 6
THE MAKfIN CHA NOTESTO THE FINANCEAL sfATEMEriTs ." FOR THE YEAR ENDED 30 SEwfEMBER 2023 ACCOUNTING POUCIES Basis of preparlny the financial statements The financial statemerts of thé tharity, whth s a public benefit entSty under FRS 102, have been prepared in . atttsrdante wth the charit$ SORP(FRS 102) 'Accounttng and Rwrting by Ch?ritie5: Ststernertt of Recornmendgd Practice apilble to charitie5 preparing their accounts in accordan wlth the Finanthal RepK)rbThJ Standar(J appllcable In tt)e UK and RepuLlic of Ireland (FRS 102) (effective l Jansjary 2019),. Finandal RerA)ng Standard 102 The Finandal Reporting Standard appli(able in the UK and RepvtAic of Ireknd. and the riteS Act 2011. The finanad statements have tttn prqKred on a going conrn bas under the historical cost convention With the exception L Invethents which are induded at market ." The Pretstion1 oJrrerrty of the finèntil statements is in Pound Sterfing (£1 which Is rounded to near [r1 (É). Incoming resources ' All income and endovrnents are èccounted for without deduction for any costs of reCeEbIlIty, are rdrognised ' when there is evkIen of entitlernen¢ r&pt Is probab, and the ans)unt can be measured reliabty. Voluntary Income Donath)ns are recognlsed when receiwl. . INcDrne tax recoveratle on Gift Aid donations ts rnfSed whtt7 the income is rKognised. Grdnts and legaoeg a wognised when the formal offer in writing of the fvndiry is r£er. Income from tharrtable Actfvilfes . Incorne Ls re£ognlsed wh2n the nw (s recefved. . Income from Investments ". videndS are accourted for when due and pb[e. Interest entidements are accounted for & they accrue. . Tax recijverable on such incorne iq recognised in the me accounting year.: . All other income l other income is recognw1 in the per&xl to whth retat&. Income weived in advaft is deferred to the to whith rdates, . Gains and I( on investments Reallsed galns are recognL£ed when the Investynents are s)Id. Unreaised galns and losses are accounted for IX revèluatlon on 30 Sepknber. . RrS expEnd6YJ are accwnted for on an awuab basis 8nd are accounted for gros . The rnanagement and a1 of Ihe tharty ¥e cèrthed out by volunt, Thi5 incorne and cost ¢s not induded in thè finanaal stemènts as this vduntary conmbutton to the work of the charity is incakulabta . Grnnts Grènts and dwati(x)s are a¢ntl for when paid over, or when awarded where the wdrd creates a blnding wjation on the dtarity. charity is exanpt from tax on rfs dwritatrAÈ adiV[tS. Fund attountirtg Unrestrhted funds an be used in accordan wth the chatsble obJedves at the dIr10n Of the tru5 . Restricted fvnds (an onty be for pBttialar restricted purposes wthi in thè objects of the ch?rlty. RestrSthns arise wh1 swfied by the doncr or when fvnds ¥e rai parttdar rth¢J purposes. Paye 7 contin...
NOTES TO THE FINANCIAL ATEME[s. FOR THE YEAR ENDED 30 SEPTEMBER 2023 ACCOUNTING POUCIES- LY>ntinu4d Financial tnstryments Investrnts are a fom of baslc flnancld Instrument and arÈ Inl11Y FnIsed at their transaction value aTrJ subs4uentty mea9Jred at thar fair vaue a5 atthe bal4nce 5trteet de using the dostng q£te rnarket priTr. AJI gaiks and I0S are taken to the Staent of Finanaal Attwities as they as& Realosed gains los Investrnents are oloJlated ss the drfference itheen leS prOed5 and ttHr opening carrying value. Unreaised gairs and tosses a cakulabj as d[rFew beiween the fair vaue at the yead and thew carwng vdu INVESTMENT INCOME 2023 2022 Income from Ied Inv&%tments Depost account interest 26,249 12 28,179 261 28.180 IIAISING FUNDS lrtvestsnent m•a9ement Costs 2023 2022 PortfolK) managems 10.676 11324 OThER 2023 2022 Support costs 1rt76 1,511 Support costs £1,476 indudes the Indwda7t mination fee of £1,260 (2022- £1,511 indudes a fee of É1,080). TRUSTEES. REMUNERATION AND BENEFITS There were no trusteeg remunerafiw or other tr¢ffts for the year en¢le4J 30 September 2023 ngr for tl* year ermjed 30 September 2022. There were rk) trustaeg exp paid for the yr ended 30 Septernter 20J ncx for the year ended 30 Septemb&r 2022. Page 8 conttnued...
THE BErrY MARTIN CHARrrY NOTES TO THE NANcrAL sfATEMETifs- contlnued FOR THE YEAR ENDED 30 SEPTEMBER 2023 FIXED Ass INVEsfMENTS 5ted Investments MARKEf VALUE At l Octotw 2022 Addtiions Disrosals Revauattons ". 636,136 25,000 (16,245) 32,023 At 30 September 2023 676.914 . BOOKVAWE At 30 SepteMr 2023 676,914 At 30 septT 2022 "" 636,136 There were no Investrnent asgets outside the UL If listed Investments had notbe revalJ£d they would have been induded at 1r Nbtorkal cost of£486,71& ACCIWALS AND DEFERRED INCOME . 2023 2022 Accruals J)d deferr& Income . 1,080 MOVEMENT JN FUNDS Net movement in fund5 At 3019123 At 1110122 UnY*ricted funds neral fund 655.156 31,377 686,533 TOTAL FUNDS 655,156 68633 Net movement In funds. indudgd in the abJve are 05 folk)w5: Incoming Gains and expended in funds Unrestri¢ted fimds General fund 26.261 (26,907) 32.1123 31,377 TtsfAL FUNDS 26,261 (26,907) 31023 . 31,377 Page 9 continued..,
ThE BETry MARTIN CHARITY r4oTES TO THE F114ANCIAL STATEMENfs- ¢OnnUell FOR THE YEAR ENDED 30 SEPTEMBER 2023 MOVEMENT XN FUNDS- continued ComporHtiv&5 fornwement in funds Net movement In funds At IIIOJ21 At 3019122 Unre5trirted fvnds al nd 836,342 {181,186) 655.15S TOTAL FUNDS 836,342 (181,186) 655.156 Compardtive net mvement in fvnds Induded In the ab)ve are as follows.. Incomiiig . resources Gain5 and eXded in fvnd Unrestricted fvnd5 General fvnd 28,180 (33,204) (176,162) (181.186) TOTAL FUNDS 28,180 133,204) (176,162) (181.186) A cJJrrent year 12 mcth and pr)r year 12 months ¢ombned pxitson 15 as fc4lows: Net movement in funds At 3019123 At 1110121 Unr£stricted funds GenekBI fund 836,342 (149.809) 686,533 TOTAL FUNDS 836,342 (149.809) 686,S33 A rfftnt year 12 months and POr year 12 rnonths (Cbined net moYern* in funds, Induded in the above aye ag fdlows: Incoming Gains and p¥¢ment In funds VnreStrkt fiinds Generdl fund 54,441 {60,111) {144,139) (149.8(B) TOTAL FUNDS 54,441 {60,111) {144,139) (149,8091 Page 10 cont5nued...
NOTES TO THE FINANCIAL ATEME15- ¢ontinuod FOR THE YEAR ENDED 30 SEVIEMBEFi 2023 RELATED PA DISCLOSURES . . .. re were no related paty transacbons for ihe year ended 30 5eptwnber 2023 for the end&1 30 September 2022. Pdge 11
. THE MARTIN CHARtrY DETAILE1> STATEMENT QF FIfiANCIAL AcrivrtIES FOR TrtE YEARENDED 30 SEPTEMBER 2023 2023 2022 INCOME AND EMDOWMENTS Investment InMe Inco from listed Invethents accourt inter 26.249 12 2fy261 28,180 Total incoming resources 24201 28.180 EXPENDrnJRE ' Portfdio nWernet 10,676 12,324 Charitable aLivities Grants to Institutlor Grants to inthviduals . 10,000 4.755 15,109 4.260 14,755 19,369 Support costs Managemert AdnIstration expw 216 431 Governance costs Accountancy and kgal fees 1,260 1,080 907 33,204 Nt expendiknré bthe 4ains and10ssos (646) (5x124) Realised recowtsed gains and losses Realised gainsl(lossesl on fixed asset investments (11048) (5281 Net expeodityre (14694) (5,552) This page cljes Trjt fomi p*t of the stOry finoncd statements Page 12