THE SIR
ANDREW MARTIN TRUST
FOR YOUNG PEOPLE
UNAUDITED ANNUAL REPORT
& FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30TH JUNE 2024
CHARITY NUMBER- 1042358

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
TRUSTEES, REPORT FOR THE YEAR ENDED 30TH JUNE 2024
The Trustees present their annual report and financial statements of the charity for the year
ended 301h June 2024.
The financial statements have been prepared in accordance with the accounting policies set
out in note 1 to the financial statements and comply with the charity's trust deed, the Charities
Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in aGcordance with the Financial Reporting
standard applicable in the UK and Republic of Ireland (FRS 102).
OBJECTIVES AND ACTIVITIES
The objects of the Trust are to promote such charitable purposes for the benefit af young
people living in LeiGester, Leicestershire, and Rutland particular, those undertaken by
youth organisations, as the trustees in their absolute discretion think fit.
Grant Making Policy
Modest grants are made to individual young people and the Trust also makes grants to
voluntary youth organisations. All grants are made at the discretion of the Trustees to support
the aspirations and needs of young people and their voluntary organisations.
Public Benefit
In planning the Trust's grant making the trustees have given consideration to the Charity
Commission's published guidance on public benefiL
Achievements and Performance
Thirty years on from the founding of the Sir Andrew Martin Trust for Young People, the ten
trustees continued their tradition Df business and grant-making meetings in June, September,
January and April. Over foty individual young people received grants together with some
thirty youth groups. In the year under review the variety of applications for grants was quite
amazing, welcomed by the trustees and reflects earlier years. Grants for equipment included
the cost of a flight simulator for Air Cadets, renovation of a jetty for Sea Cadets, training
bursaries for members of Leicester's Young Curve theatre groups, a grant to a young
bagpiper, travel to Switzerland for a teenage gospel choir performing concerts, as we51 as
fees for educational, skills and drama courses and the provision of laptops.
Support to Young Caiers for educational. sporting and leisure activities continued the
trustees, almost thirty years of such support. Since October 1997 some 350 Young Carers
have been assisted. Trustees continued to highlight to Leicestershire County Council and
Leicester City Council the availability of the Tnjst's support in appropriate cases.
During the year four trustees led by the Trust's Vice-chair reviewed the Trust's banking
arrangements with CAF bank. Their discussion was prompted by the fact that natior)ally
banks were becoming inclined to favour on-line BACS payments in preference to drawing
heques. The Trustees decided to continue with CAF Bank and adopt BACS payments for
grants (unless a cheque was the grantee's only option),

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
TRUSTEES, REPORT FOR THE YEAR ENDED 30TH JUNE 2024
Towards the close of the year the Trustees were discussing their intention to review and
update the Trust's website and considering a possible paid appointment to undertake revision
and regu5ar updating of the site.
With sadness the Trustees report the death on the 8th of June 2024 of the Honouiable Ann
Brooks the Trust's first Chair from 1994 - 2017 when the present Chair, David Knowles DL
succeeded her. Founded by friends in memory of her late friend, Sir Andrew Martin KCVO,
for many years Leicestershire's Lord-Lieutenant and prominent supporter of young people
and their voluntary organisations, Ann energetically pursued fvnd-raislng to launch the Trust
and sustain grant-making over many years. She promoted the availabilrty of the Trust's grants
throughout Leicester, Leicestershire, and Rutland over her long time in office. The Trust's
Chair, David Knowles DL spoke in commendation of Ann at her SeNice of Thanksgiving.
The Trustees continue to be very thankful for the administrakn.ve assistan￿ provided by
Walker & Son, Leicester (a division of Samworth Brothers Limited, Melton Mowbray) in
re￿IVing applications and responding to decisions of the Trustees.
Financial Review
Income totalling £44,313 (2023: £39,560) was received during the year of which £40,726
(2023: £34,985) was investment income. This funded grants of £38,8￿ (2023: £33,359) to
charitable organisations. Gapital investsnents were valued at £1,409,751 (2023: £1,293,632)
at the year end.
Investment Policy and Powers
The trustees have the same full and unrestricted powers of investrnent in all respects as if
they were the beneficial owners.
The investment strategy is set by the trustees and takes account of recent demands for funds
and an assessment of expected future needs (see Reserves). The investment policy and
strategy are reviewed with the investment managers at regular intervals.
The investment objective is to maximise income available to make grants while maintaining
the long-tenn value of capital.
Risk Management
The main risks to which the charity is exposed as identified by the trustees have been
considered and systems have been established to mitigate those risks.
Reserve5 Policy
The Trust Deed permits the spending of capstal.. the trustees have, however, agreed to retain
the capital for the time being and to invest it to produo income to make grants. The trustees
are managing the reserves to balance the needs of current and future beneficiaries. St 15 not
anticipated that the needs of benefiGiaries will diminish over time.

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
TRUSTEES, REPORT FOR THE YEAR ENDED 30TH JUNE 2024
Plans for the Future
The objectives of the Trust remain unchanged for the future,- the intention is to continue
managing the funds on a consistent basis and distributing income as grants to Ihose in
financial need.
Structure, Governance and Management
The Sir Andrew Martin Trust for Young People is a registered charity, number 1042358. It
was established by a Trust Deed dated 18th November 1994.
Organisation, management, and delegation
The administration of the Trust's grant making aGtivitie5 is carried out, at no cost to the Trust,
by a volunteer from Samworth Brothers.
The Trustees meet quarterly to make grants and review the Trust's performance, its financial
position, and its investments. The Trustees, in their power. have delegated accountancy
matters to LCVS.
Trustee Recrultmont and Appointment
Having considered relevant skills, experience, and geographical requirements, potential new
Trustees are appioached by the existing Trustees and then appointed with the agreement of
the Trustees. The Trustees are also responsible for the induclion and training of new
Trustees.
Name
Charity number
Principal Office
The Sir Andrew Martin Trust for Young People
1042358
LCVS
151 Dale Street
Liverpool
L2 2AH
Trustees
Mr John A]dridge OBE
Mr David Andrews DL
Mr Michael Elliott
Mr Alec Jeffery
Miss Alison Jolley
Mr David Knowles DL
Ms Susan McEniff
Mr Samuel Plummer
Mr David Smith
Mr Martin Traynor OBE
Liverpool Charity and Voluntary Serwces (LCVS}, a
corporate trustee, which is incorporated under the
Companies Act as a company limited by guarantee without
share capital as company number 181759, a registered
charity, number 223485, and a charitable Trust Corporation.
LCVS trustees. who are asso its directors, were as follows
during the year.

THE SIRANDREW MARTIN TRUST FOR YOUNG PEOPLE
TRUSTEES, REPORT FOR THE YEAR ENDED 30TH JUNE 2024
LCVS Chair
Sonia Bassey MBE
Mike Thomas
Dorcas Akeju
Maxine Ennis
Ken Perry
John Prt
Michael Salla
Louise Scholes
Gemma Shone
James Sloan
LCVS Treasurer
Company Secretary
Independent Examiner
Helen Rotheram
Paula Sanchez ACCA
Score Lane
Liverpool L16 5EF
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent, ME19 4JQ
Investec Wealth and Investment
100 Old Hall Street
Liverpool, L3 9AB
Bankers
Investment Manager
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charty trustees are responsible for preparing a trustees, annual report and financial
statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice). The law applicable to charities
in England and Wales requires the charity trustees to prepare financial statements for each
year which give a trLJe and fair view of the state of affairs of the charity and of the incoming
resources and application of resources, of the charity for that period. In preparing the financial
statements, the trustees are required to"
select suitable accounting policies and then apply them consistently.
obseEve the methods and principles in the applicable Charities SORP.
make judgements and estimates that are reasonab5e and prudent.
state whether applicable accounting standards have been followed, subject to any material
departures that must be disclosed and explained in the financial statements.
prepare the financial statements on the going concem basis unless it is inappropriate to
presume that the charity will continue in business.

THE SIRANDREW MARTIN TRUST FOR YOUNG PEOPLE
TRUSTEES, REPORT FOR THE YEAR ENDED 30TH JUNE 2024
The trustees are responsible for keeping proper accounting rewrds that disclose with
reasonable accuracy at any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Charities Act 2011, the applicable
Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They
are also responsible for safeguarding the assets of the charity and taking reasonable steps
for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on and signed on their behalf by
David Knowles, Chair of Trustees
Dated:

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
I report to the trustee on my examination of the accounts of The Sir Andrew Martin Trust For
Young People ('the charity,) for the year to 30th June 2024. which are set out on pages 8 to
15.
Responsibilities and basis of report
As the trustee of the charity, you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the 2011 Act,).
I report in respect of my examination of the charity's accounts carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable
Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be
required in an audit and consequently does not cover all the matters that an auditor considers
in giving their opinion on the accounts. The planning and conduct of an audit goes beyond
the limited assurance that an independent examination can provide. Consequently, l express
no opinion as to whether the accounts present a 'true and fair view. and my report is limited
to those specific matters set out in the independent examinerfs statement.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination giving me reasonable cause to believe that in
any material respect"
accounting records were not kept in respect of the charity as required by section
130 of the 2011 Act., or
2. the accounts do not accord with those records" or
3. the accounts do not comply with the applicable requirements Con￿rning the form
and content of accounts set out in the Charities (Accounts and Reports)
Regulations 2008 other than any requirement that the accounts give a 'true and
fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
Name.. Paula Sanchez
Name of applicable listed body.. Association of Chartered Certified Accountants
Relevant professional qualification or body: ACCA
Date: 10 April 2025

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2024
Unrestricted Funds
Capital
Funds
2024
Income
Funds
2024
Total
2024
Total
2023
Income from:
Donations
Charitable activities
Investments
Noles
2a
2b
2c
3.225
80
41,008
3,225
80.
41,OOg
3,994
450
35,116
Total income
44,313
44,313
39,560
Expenditure on:
Raising funds
Charitable activities
40,873
40,813
35,896
Total expenditure
40,813
40,813
35,896
Net income
3,500
3,500
3.664
Net gains on investment
116.119
116,119
8,936
Net movement in fund5
3,500
116.119
119,619
12,600
Reconciliation of funds."
Total funds brought
forward
10,800 1,293.632 1,304,432 1,291,832
Total funds carried
forward
14,300 1,409,751
1,424,051 1,304,432
The notes on page5 10 to 15 form part of these accounts.
The net movement in the funds in the year is derived from the continuing activity of the
charity.

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
BALANCE SHEET AS AT 30TH JUNE 2024
30th June 2024
30th June 2023
Fixed assets
5nvÈsknents
Notes
1,409.751
1,293,632
Current assets
Debtors
Cash balances
16.429
12,699
16.429
12,699
Current liabilities
Creditors
(2.129)
(1,899)
Net current assets
14,300
10,800
Net assets
q,424,051
1,304,432
The funds of the chartty:
Unrestricted funds
Capital fijnds
Income funds
1,409,751
14,300
1,293,632
10,800
1,424.051
1.304,432
Approved and authorised for tssue by the T￿￿teeS and signed on their behalf by
David Knowles, Chair of Trustees
Dated:

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
TRUSTEES, REPORT FOR THE YEAR ENDED 30TH JUNE 2024
The Trustees present their annual report and financial statements of the charity foi the year
ended 30th June 2024.
The financial statements have been prepared in accordance with the accounting policies sel
out in note 1 to the financial statements and comply with the charity's trustdeed, the Charities
Act 2011 and Accounting and Reporbng 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).
OBJECTIVES AND ACTIVITIES
The objects of the Trust are to promote such charitable purposes for the benefit of young
people living in Leicester, Leicestershire, and Rutland in particular, those undertaken l)y
youth organisations, as the trustees in their absolute discretion think fit.
Grant Making Policy
Modest grants are made to individual young people and the Trust also makes grants to
voluntary youth organisatlDns. All grants are made at the discrets.on of the Trustees to support
the aspirations and needs of young people and their voluntary organisations.
Publlc Benefit
In planning the Trust's grant matang the trustees have given consideration to the Charity
Commission's published guidance on public benefit.
Achievements and Performance
Thirty years on from the founding of the Sir Andrew Martin Trust for Young People, the ten
trustees continued their tradition of business and grant-making meetings in June, September,
January and April. Over foty individual young people received grants together with some
thirty youth groups. In the year under review the variety of applications for grants was quite
amazing, welcomed by the trustees and reflects earlier years. Grants for equipment included
the cost of a flight simulator for Air Cadets, renovation of a jetty for Sea Cadets, training
bursaries for tnembers of Leicester's Young Curve theatre groups. a grant to a young
bagpiper, travel to Switzerland for a teenage gospel choir performing concerts. as well as
fees for educational, skills and drama courses and the provision of laptops.
Support to Young Carers for educational, sporting and leisure activities continued the
trustees, almost thirty years of such support. Since October 1997 some 350 Young Carers
have been assisted_ Trustees continued to highlight to Leicestershire County Council and
Leicester City Council the availability of the Trust's support in appropriate c3s@s.
During the year four trustees led by the Trust's Vice-chair reviewed the Trust's banking
arrangements with CAF bank. Their discussion was prompted by the fact that nationally
banks were becoming inclined to favour on-line BACS payments in preferen￿ to drawing
cheques. The Trustees decided to continue with CAF Bank and adopt BACS payments for
grants (unless a cheque was the grantee's only option).

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
TRUSTEES, REPORT FOR THE YEAR ENDED 30TH JUNE 2024
Towards the close of the year the Trustees were discussing their intention to review and
update the Trust's website and considering a possible paid appointrnent to undertake revision
and regular updating of the site.
With sadness the Trustees report the death on the 8th of June 2024 of the Honourable Ann
Brooks the Trust's first Chair from 1994 - 2017 when the present Chair, David Knowles DL
succeeded her. Founded by friends in memory of her late friend, Sir Andrew Martin KCVO.
for many years Leicestershire's Lord-Lieutenant and prominent supporter of young people
and their voluntary organisations, Ann energetically pursued fund-raising to launch the Trust
and sustain grant-making over manyyears. She promoted the availability of the Trust's grants
throughout Leicester, Leicestetshire. and Rutland over her long time in offi￿. The Trust's
Chair, Daviol Knowles DL spoke in commendation of Ann at her Service of Thanksgiving.
The Trustees continue to be very thankful for the administrative assistance provided by
Walker & Son, Leicester (a division of Samworth Brothers Limited, Melton Mowbray) in
receiving applications and responding to decisions of the Trustees.
Financial Review
Income totalling £44,313 (2023: £39,560) was received during the year of which £40,726
(2023.. £34,985) was investment income. This funded grants of £38,843 (2023: £33,359) to
charitable organisations. Capital investments were valued at £1.409,751 (2023: £1,293,632}
at the year end.
Investment Policy and Powers
The trustees have the same full and unrestricted Powe￿ of investment in all respeGts as if
they were the beneficial owners.
The investment strategy is Set by the trustees and takes account of recent demands for funds
and an assessment of expected future needs (see Reserves). The investment policy and
strategy are reviewed with the inveslment managers at regular intervals.
The investment objective is to maximise income available to make grants while maintaining
the long-term value of capital.
Risk Management
The main risks to which the charity is exposed as identified by the trustees have been
considered and systems have been established to mitigate those risks.
Reserves Pollcy
The Trust Deed permits the spending of capital; the trustees have, however, agreed to retain
the capital for the time being and to invest it to Produ￿ income to make grants. The trustees
are managing the reserves to balan￿ the needs of current and future beneficiaries. It is not
anticipated that the needs of beneficiaries will diminish over time.

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
TRUSTEES, REPORT FOR THE YEAR ENDED 30TH JUNE 2024
Plans for the Future
The objectives of the Trust remain unchanged for the future. the intention is to continue
managing the funds on a consistent basis and distributing income as grants to those in
financial need.
structure, Governance and Management
The Sir Andrew Martin Trust for Young People is a registered charity, number 1042358. It
was established by a Trust Deed dated 18th November 1994.
Organisation, management, and delegation
The administration of the Trust's grant making activities is carried out, at no cost to the Trust,
by a volunteer from Samworth Brothers.
The Trustees meet quarterly to make grants and review the Trust's performance, its financial
position, and its investments. The Trustees, in their power. have delegated accountancy
matters to LCVS.
Trustee Recruitment and Appointment
Having considered relevant skills, experience, and geographical requirements, potential new
Trustees are approached by the existing Tnjstees and then appointed with the agreement of
the Trustees. The Trustees are also responsible for the induction and training of new
Trustees.
Name
Chartty number
Principal Office
The Sir Andrew Martin Trust for Young People
1042358
LCVS
151 Dale Street
Liverpool
L2 2AH
Trustees
Mr John Aldridge OBE
Mr David Andrews DL
Mr Michael Elliott
Mr Alec Jeffery
Miss Alison Jolley
Mr David Knowles DL
Ms Susan McEniff
Mr Samuel Plummer
Mr David Smith
Mr Martin Tiaynor OBE
Liverpool Charity and Voluntary SerVi￿s (LCVS). a
corporate trustee. which is incorporated under the
Companies Act as a company limited by guarantee without
share capital as company number 181759, a registered
charity, number 223485, and a charitable Trust Corporation.
LCVS trustees, who are also its directors, were as follows
during the year.

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
TRUSTEES, REPORT FOR THE YEAR ENDED 30TH JUNE 2024
LCVS Chair
Sonia Bassey MBE
Mike Thomas
Dorcas Akeju
Maxine Ennis
Ken Perry
John Pri
Michael Salla
Louise Scholes
Gemma Shone
James Sloan
LCVS Treasurer
Company Secretary
Independent Examiner
Helen Rotheram
Paula Sanchez ACCA
Score Lane
Liverpool L16 5EF
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent, MEI 9 4JQ
Investec Wealth and Investment
100 Old Hall Street
Liverpool, L3 9AB
Bankers
Investment Manager
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity trustees are responsible for preparing a trustees, annual report and financial
statements in acGordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting practi￿). The law applicable to charities
in England and Wales requires the charity trustees to prepare financial statements for each
year which give a true and fair view of the state of affairs of the charity and of the incoming
resources and application of reSoUr￿s, of the chartty forthat period. In preparing the financial
statements, the trustees are required to."
select SLJitable accounting policies and then apply them consistently.
• observe the methods and principles in the applicable Charities SORP.
make judgements and estimates that are reasonable and prudent
state whether applicable accounting standards have been followed. subject tr) any material
departures that must be disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the chanty will continue in business.

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
TRUSTEES, REPORT FOR THE YEAR ENDED 30TH JUNE 2024
The trustees are responsible for keeping propel accounting record5 that disclose with
reasonable accuracy at any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Charities Act 2011, the applicable
Charities (Accounts 2nd Reports) Regulations, and the provisions of the Trust deed. They
are also responsible for safeguarding the assets of the charity and taking reasonable steps
for the prevenb'on and detection of fraud and other irregularities.
Approved by the Trustees on and signed on their behalf by
David Knowles, Chair of Trustees
¥j-

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
I report to the trustee on my examination of the accounts of The Sir Andrew Martin Trust For
Young People ('the charity,) for the year to 301h June 2024, which are set out on pages 8 to
15.
Responsibilitios and basis of report
As the trustee of the charity, you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the 2011 ACY).
I report in respect of my examination of the charity's accounts carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable
Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be
required in an audit and consequently does not cover all the matters that an auditor considers
in giving their opinion on the accounts. The planning and conduct of an audit goes beyond
the limited assurance that an independent examination can provide. Consequently, l express
no opinion as to whether the accounts present a 'true and fair view, and my report is limited
to those specific matters set out in the independent examinerfs statement.
Independent examinerfs statement
I have completed my examination. l Gonfirm that no material matters have come to my
attention in connection with the examination giving me reasonable cause to believe that in
any material respect.
1. accounting records were not kept in respect of the charity as required by section
130 of the 201 % Act., or
2. the accounts do not accord with those records. or
3. the accounts do not comply wth the applicable requirements conceming the form
and Gontent of accounts set out in the Charities (Accounts and Reports)
Regulations 2008 other than any requirement that the accounts give a 'true and
fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connectlon with the
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
Name: Paula Sanchez
Name of applicable listed body: Association of Chartered Certified Accountsnts
Relevant professional qualification or body: ACCA
Date:

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2024
Unrestricted Funds
Capital
Funds
2024
Income
Funds
2024
Totsl
2024
Total
2023
Income from:
Donations
Charitable activities
Investments
Notes
2a
2b
2c
3.225
80
41,008
3,225
80.
41,00
3,994
450
35,116
Total income
44,313
44.313
39,560
Expenditure on:
Raising funds
Charitable activities
40,813
40,813
35,896
Total expenditure
40,813
40,813
35,896
Net income
3,500
3,500
3,664
Net gains on investrnent
116.119
116,119
8,936
Net movement in funds
3,500
116,119
119,619
12,600
Reconciliation of funds."
Total funds brought
forward
10.800 1,293.632 1,304,432 1,291,832
Total funds carried
fonvard
14,300 1,409,751 1,424,051 1.304,432
The notes on pages 10 to 15 form part of these accounts.
The net movement in the funds in the year is derived from the continuing activity of the
charity.

THE SIR ANDREW f¥ryARTIN TRUST FOR YOUNG PEOPLE
BALANCE SHEET AS AT 30TH JUNE 2024
30th June 2024
30th June 2023
Fixed assets
Investments
Notes
1,409,751
1,293,632
Current assets
Debtors
Cash balances
16,429
12,699
16,429
12,699
Current liabilities
Creditors
(2,129)
(1,899)
Net current assets
14,300
10,800
Net assets
1,424,051
1,304,432
The funds of the charity:
Unrestricted funds
Capital funds
Income funds
1.409,751
14,300
1,293,632
10,800
1A24,051
1,304,432
Approved and authorised for issue by the Trustees and signed on their behalf by
David Knowles. Chair of Trustees
Dated:

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024
1. ACCOUNTING POLICIES
Basis of Accounting
The accounts have been prepared under the historical cost convention with items
recognised at cost or transaction value unless othewse stated in the relevant note(s) to
these accounts. The financial statements have been prepared in accordance with the
statement of Recommended Practice: Accounting and Reporting by Charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK
and. Republic of Ireland (FRS102) (SORP 2019) and the Financial Reporting Standard
applicable in the United Ktngdom and Republic of Ireland (FRS102) and Charities Act 2011.
The trust constitutes a public benefit entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The Charity has taken advantage oflhe provisions in the SORP for Charities applying FRS
102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going concern
At the time of approving the accounts, the trustee has reasonable expectation that the
charity has adequate resouices to continue in operational existence for the foreseeable
future. Thus the trustee continues to adopt the going concern basis of accounting in
preparing the accounts.
Investments
In accordance with Statement of Recommended Practice: Accounting and Reporting by
Charities (SORP 2019), investments held as fixed assets are stated at fair value. Realised
and unrealised gains and losses are dealt with as movements on the Capital Fund.
Investments are valued at the mid-market pri￿ on the valuation date.
Fund accounting
Unrestricted funds are considered 'free' reserves and are available for use or retention at
the discretion of the Trustees, in accordance with the chanty's objectives. Free reserves
are undesignated funds available forthe furtherance ofthe general objectives of the charity.
Income recognition
Income from investments comprises dividend income and interest and are accounted for
when re￿iVed in the financial year. Donations are recognised at the earlier of notificats'on
or date of receipt, in the case of the thiid-paty donations and legacy income when received
by the organisation_
Expenditure recognition
Liabilities are recognised as expenditure as soon a5 there is a legal or constructive
obligation committing the charity to that expenditure, r( is probable that settlement will be
required, and the amount of the obligab'on can be measured reliably.
All expenditure is accounted for on an accrual basis. All expenses, including support and
governance costs, are allocated or apportioned to the applicable expenditure headings in
the statement of finanoal acts-vities.
io

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024
Raising fijnds costs relate to expenses incurred in the management of the investment
assets. Charitable activities include grant funding, along with associated support costs, to
beneficiaries. These are dealt with in the Statement of Financial Activtties when payment
has been approved by the charity. Governance costs relate to Complian￿ with
constitutional and statutory requirements and specifically include all costs incurred by the
charity in producing the Annual Report.
Cash and cash equivalents
Cash and cash eq￿1valents include cash in hand. depostts held at call with banks, other
short-term liquid investments with original maturities of three months or less, and bank
overdrafts.
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments.
and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial
instruments.
Financial instruments are recognised in the charity's balan￿ sheet when the charity
becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally @nforceable right to set off the recognised amounts and
there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balan￿s. are initially
measured at transaction pri￿ including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constitutes a
finanGing transaction, where the transaction is measured at the present value of the ftrture
receipts discounted at a market rate of interest. Financial assets classified as receivable
within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors are initialEy recognised at transaction price
unless the arrangement constitutes a financing transaction, where the debt instr(Jment is
measured at the present value of the future receipts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest
rate method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's CDntractual obligations expire or
are discharged or can￿[[ed.
li

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024
Taxatlon
The charity benefits from various exemptions from taxation afforded by tax legislation and
is not li2ble to corporation tax on income or gains falling within those exernptions. Partial
recovery is made of tax credits on UK dividend income. The chaFty is not able to recover
Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.
Critical Accounting Estimates and Judgements
-In the application of the charity's accounting policies. the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities
that are not readily apparent from other sources. The estimates and associated
assumptions are based on historical experience and other factors that are considered to
be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions
to accounting estimates are recognised in the period in which the estimate is revised where
the revision affects only that period, or in the period of the revision and future periods where
the revision affects both current and future periods.
2. Income and endowments from:
Income
Funds
2024
Capital
Fund5
2024
Total
Total
2024
2023
Donation and legacies
Donations
Gift aid
3,075
150
3,075
150
3,200
794
3,225
3,225
3,994
b. Charltable activities
Celebration event
80
80
450
c. Investments
Bank interest
Investments dividends and interest
282
40,726
282
131
40,726 34,985
41.008
41,008 35.116

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024
3. Expenditure on charitable activities=
Direct Support& Total Total
Charitable Governance
2024
2023
Expenditure
Costs
The benefit of young people living in
LeI￿Ster, Leicestershire, and Rutland
and youth organisations
38.843
1,970 40,813 35,896
Analysed as follows:
2024
2023
Direct ch817table expenditure."
Grant funding
Celebration event
38,843
33,359
613
38,843
33,972
2024
2023
Support & Governance costs..
Financial Administration - LCVS
Independent examination
Travel expenses (ref annual meeting)
Bank charges
Website costs
1,629
250
1,399
250
120
117
38
91
1,970
1,924
Total expenditure on charitable
actlvities
40,813
35,896
Jtk
13

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024
The following grants were made during the year:
Grants of £1,000 and over
1461 (Wigston District) Air Cadets
Act One
East Midlands Army Cadet For
Hinckley Town Tennis Club
Leicester City Children's Holidays
Leicester Combat AGademy
Leicester Music Fest
Leicester Theatre Trust
Loughborough District Scouts
Loughborough Sea Cadets
Melton ATC
Peter le Marchant Trust
Proton Foundation
Seventh Day Adventist Church (St Matthews
Branch)
Spectrum Sensory Sports CLC
Sunrise Wellbeing Partnership CLC
The Ratby Co-operative
Total Insight Theatre
1,300
2,000
2,000
2,000
1,000
2,000
1,360
2.500
2,000
2,000
1,000
1,000
1,500
1,200
1.799
2,000
1,000
1.500
29,159
9,684
Direct grants to young people
Total grants
38,843
4. Fixed Asset Investsnents
2024
2023
Quoted Investments:
arket value at 1st July 2023
Net unrealised gains on investment
assets
1.293,632 1.284,696
116,119
8,936
Market Value at 30th June 2024
1,409,751 1,293,632
Book Value at 30th June 2024
960,858
960,858
The trusl holds 100 % of its investments in a Charity Commission approved pooling scheme,
the Settlors, Trust Fund {STF), administered by Ltverpool Charty and Voluntary Services
and managed by Investec Wealth and Investment. At 301h June 2024, the assets of the STF
fund had a total market value of £33,821,443 (2023.. £31,099.741) of which £1,409,751
(2023.. £1.293,632) is an asset of the trust.
14

THE SIR ANDREW MARTIN TRUST FOR YOUNG PEOPLE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024
5. Debtors
There were no debtors during the year end 30th June 2024 (2023: £nil)
6. Creditors
2024
2023
Financial Administration- LCVS
Independent examination fee
1.629
500
1,399
500
2,129
1,899
7. Unrestricted Funds
Income Fund.. Investment income and donations received for distrtbLrtion as grants to
individual young people and charitable voluntary youth organisations.
Capital Fund" Funds held provide income for the on4Joing acttvities of the trusL
8. Related Party Transactions
Raising funds.. include £nil (2023: nil) payable to LCVS to cover capital administration
costs.
Support and govemance costs. include £1,629 (2023: £1,399) payable to LCVS in
respect of accountancy and trust administration.
At 30th June 2024, creditors included an accnjal of £1.629 to LCVS (2023: £1,399).
LCVS is related to the Trust by virtue of LCVS being the Trusys corporate trustee.
15