## **THE J P MARLAND CHARITABLE TRUST**
**TRUSTEES' REPORT AND UNAUDITED ACCOUNTS**
**FOR THE YEAR ENDED 1 OCTOBER 2020**
**Charity Number: 1049350**
**THE J P MARLAND CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 1 OCTOBER 2020**
||**Page**|
|---|---|
|**Trustees' Report**|**1 to 2**|
|**Legal and Administrative Information**|**3**|
|**Independent Examiner's Report**|**4**|
|**Statement of Financial Activities**|**5**|
|**Balance Sheet**|**6**|
|**Notes to the Financial Statements**|**7 to 11**|
**THE J P MARLAND CHARITABLE TRUST TRUSTEES' REPORT**
**FOR THE YEAR ENDED 1 OCTOBER 2020**
The trustees present their report and accounts for the year ended 1 October 2020.
The accounts have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity's governing document, applicable law and the requirements of the Charities SORP (FRS 102).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity was established by a charitable trust deed on 6 September 1995 by Lord Marland and is registered with the Charity Commission, number 1049350.
## **TRUSTEES**
The trustees who served during the year were as follows:
Lord Marland of Odstock Mrs C J Law Marcus Marland Hugo Marland
## **RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES**
New Trustees are appointed by Lord Marland.
## **ORGANISATIONAL STRUCTURE**
Lord Marland manages the day-to-day administration of the charity. The trustees meet as required.
## **RISK MANAGEMENT**
The trustees are responsible for identifying and reviewing the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable safeguards against fraud and error.
## **OBJECTIVES AND ACTIVITIES**
The charity's objects are to make donations to charitable institutions or individuals which are considered by the trustees to be worthy causes. The trustees remain committed to making donations to those charities that they consider to be of value and assistance to their particular field of expertise.
The trustees have considered the guidance provided by the Charity Commission with regard to meeting the public benefit objective. As all donations are made to UK registered charities and Worldwide charities the trustees believe that The J P Marland Charitable Trust is acting for the benefit of the public.
## **ACHIEVEMENTS AND PERFORMANCE**
Voluntary income of £38,332 (2019 - £121,465) was received during the year of which £34,157 (2019 - £121,465) was donated by Lord Marland and £4,175 (2019 - £Nil) was donated by other donors, together with reclaimable Gift Aid of £8,600 (2019 - £30,588). During the year, investment income of £8 (2019 - £3,460) was also received. Grants totalling £133,700 (2019 - £58,732), were paid out to various charitable institutions during the year.
1
**THE J P MARLAND CHARITABLE TRUST TRUSTEES' REPORT**
**FOR THE YEAR ENDED 1 OCTOBER 2020**
## **FINANCIAL REVIEW**
The trustees pursue a policy of distributing the income by way of donations within the scope of the net resources of the charity, with any surplus being added to reserves.
The trustees' policy on reserves is based upon the Charity Commission document CC19. At the year end, total unrestricted funds amounted to £786,433 of which £2,277 related to free reserves.
The investment policy is decided upon by the trustees, in accordance with the terms of the governing document. The trustees have instructed Heartwood Investment Management to acquire and dispose of investments as they require. The investments are held to generate income which is to be applied to meet the charity's objects.
On behalf of the Board of Trustees
## **Lord Marland of Odstock**
Trustee
30 July 2021
2
**THE J P MARLAND CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION**
**FOR THE YEAR ENDED 1 OCTOBER 2020**
|**Date of Trust**|6 September 1995|
|---|---|
|**Trustees**|Lord Marland of Odstock|
||Mrs C J Law|
||Marcus Marland|
||Hugo Marland|
|**Charity Number**|1049350|
|**Principal Address**|78 Belgrave Road|
||London|
||SW1V 2BJ|
|**Independent Examiner**|Richard AllenFCA|
||Fawcetts LLP|
||Chartered Accountants|
||Windover House|
||St. Ann Street|
||Salisbury|
||SP1 2DR|
|**Bankers**|Handelsbanken|
||2 London Road Office Park|
||London Road|
||Salisbury|
||SP1 3HP|
|**Investment Advisors**|Heartwood Investment Management|
||No. 1 Kingsway|
||London|
||WC2B 6AN|
3
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF**
## **THE J P MARLAND CHARITABLE TRUST**
I report to the charity trustees on my examination of the accounts of The J P Marland Charitable Trust for the year ended 1 October 2020, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 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 Act.
## **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 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 Act; or
2. The accounts do not accord with those records; or
3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulation 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.
## **Richard Allen FCA**
Fawcetts LLP Chartered Accountants Windover House St. Ann Street Salisbury SP1 2DR
30 July 2021
4
## **THE J P MARLAND CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 1 OCTOBER 2020**
|**Note**
**INCOMING RESOURCES**
**Incoming resources from generated funds**
2
3
4
**Costs of generating funds**
6
**Charitable activities**
Grants payable
5
**Governance costs**
6
**Realised losses on disposal of investments**
Unrealised gains / (losses) on revaluation of investments
Fund balances at 1 October 2020
**Total expenditure**
**NET MOVEMENT IN FUNDS**
Voluntary income
Gift Aid receivable
**Total income**
Investment managers' fees
**NET (OUTGOING) / INCOMING RESOURCES BEFORE OTHER**
**RECOGNISED GAINS AND LOSSES**
**RESOURCES EXPENDED**
Fund balances at 2 October 2019
Investment income|**2020**
2019
**Unrestricted**
Unrestricted
**Total**
Total
**£**
£
**38,332**
121,465
**8,600**
30,588
**8**
3,460
**46,940**
155,513
**60**
-
**133,700**
58,732
**1,170**
1,290
**134,930**
60,022
**(8,187)**
-
**(96,177)**
95,491
**27,839**
(19,613)
**(68,338)**
75,878
**854,771**
778,893
**786,433**
854,771|
|---|---|
There were no other recognised gains or losses other than those stated above.
The notes form part of these financial statements
5
## **THE J P MARLAND CHARITABLE TRUST BALANCE SHEET**
## **1 OCTOBER 2020**
|**Note**
**FIXED ASSETS**
Investments
9
**CURRENT ASSETS**
Debtors
10
Cash at bank and in hand
**CREDITORS: AMOUNTS DUE WITHIN ONE YEAR**
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS: AMOUNTS FALLING DUE**
**AFTER MORE THAN ONE YEAR**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**FUNDS**
Unrestricted funds
**TOTAL FUNDS**|**2020**
**£**
**784,156**
**8,539**
**4,878**
**13,417**
**6,140**
**7,277**
**791,433**
**5,000**
**786,433**
**786,433**
**786,433**|2019
£
782,729
48,142
25,040|
|---|---|---|
|||73,182
1,140|
|||72,042
854,771
-|
|||854,771|
|||854,771|
|||854,771|
The financial statements were approved and authorised for issue by the Board of Trustees on 30 July 2021 and were signed on its behalf by:
## **Lord Marland of Odstock**
Trustee
The notes form part of these financial statements
6
**THE J P MARLAND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 1 OCTOBER 2020**
## **1. ACCOUNTING POLICIES**
## **1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS**
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 United Kingdom and Republic of Ireland (FRS 102) effective 1 January 2019, the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The charity does not meet the definition of a larger charity under the Charities SORP and is therefore exempt from the requirement to prepare a cash flow statement.
The financial statements are prepared on a going concern basis. The financial statements are prepared in Sterling (£) which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **1.2 FUND ACCOUNTING**
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
## **1.3 INCOMING RESOURCES**
Voluntary income includes donations which are recognised as an incoming resources when received.
Investment income is credited to the Statement of Financial Activities in the period in which it is receivable. All other income is credited in the period in which it is received.
## **1.4 RESOURCES EXPENDED**
Liabilities are recognised as resources as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under the headings that aggregate all costs related to the category.
Grants payable are payments made to third parties in furtherance of the charitable objects of the Trust. The grants are accounted for where the trustees have agreed to pay the grant without condition and the recipient has a reasonable expectation that they will receive a grant.
Governance costs consist of costs not directly attributable to direct charitable expenditure, but which are in respect of the general administration of the charity and overall management of the funds.
## **1.5 INVESTMENTS**
Fixed asset investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year.
Unrealised gains and losses are recognised in the Statement of Financial Activities. Realised gains are the difference between disposal proceeds and carrying value and are recognised in the Statement of Financial Activities under gains and losses on investments.
## **1.6 TAXATION**
The charity is exempt from corporation tax on its charitable activities.
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**THE J P MARLAND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 1 OCTOBER 2020**
## **2. VOLUNTARY INCOME**
|Donations and gifts
**3.**
**OTHER INCOMING RESOURCES**
Gift Aid receivable
**4.**
**INVESTMENT INCOME**
Income from listed investments
Interest receivable
**5.**
**GRANTS PAYABLE**
Grants to institutions:
Action on Addiction
Commonwealth Enterprise and Investment Council
Commonwealth Walkway Trust
Cranborne Chase & Chalke Valley Landscape Partnership Scheme
Intensive Care Society
International Churchill Society
Mountview Academy
Quintessentially Foundation: The Felix Project
St. Anthony's Shrine - Kochchikade, Sri Lanka
Superpower
The Guggenheim UK Charitable Trust
Zoological Society of London
Salisbury Cathedral
La Folia Music
Movember
Outdoor Trust
Pallant House Gallery
Portrait Gala Silent Auction
Royal Marsden Hospital
Secret Spitfire
Stroke association
Other Donations £1,000 or less (2020 - 2; 2019 - 12)
Arts
Community / Nature / Teaching
Medical|**2020**
**£**
**38,332**
**2020**
**£**
**8,600**
**2020**
**£**
**-**
**8**
**8**
**2020**
**£**
**1,000**
**2,400**
**12,500**
**5,000**
**5,000**
**12,300**
**25,000**
**2,000**
**10,500**
**3,000**
**14,500**
**25,000**
**15,000**
-
-
-
-
-
-
-
-
**500**
**133,700**
**2020**
**£**
**42,500**
**85,200**
**6,000**
**133,700**|2019
£
121,465|
|---|---|---|
|||2019
£
30,588|
|||2019
£
3,440
20|
|||3,460|
|||2019
£
6,500
-
-
-
-
-
-
-
-
-
5,287
-
-
1,200
5,345
12,500
5,000
1,200
2,000
10,000
5,000
4,700|
|||58,732|
|||2019
£
24,787
15,100
18,845|
|||58,732|
8
**THE J P MARLAND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 1 OCTOBER 2020**
## **6. TOTAL RESOURCES EXPENDED**
|**Costs of generating funds:**
Investment managers' fees
**Charitable activities:**
Grants payable
**Governance costs:**
Independent examiner's fee|**Total**
Total
**2020**
2019
**£**
£
**60**
-
**133,700**
58,732
**1,170**
1,290
**134,930**
60,022|
|---|---|
## **7. TRUSTEES**
None of the trustees (or any persons connected with them) received any remuneration during the year and none of them were reimbursed any expenses (2019: None).
## **8. EMPLOYEES**
There were no employees during the year (2019: None).
## **9. FIXED ASSET INVESTMENTS**
|Market value at 2 October 2019
Disposals at carrying value
Acquisitions at cost
Change in value
Market value at 1 October 2020
**Historical Cost**
**At 1 October 2020**
At 1 October 2019|**Quoted**
756,852
(170,889)
149,980
27,839
**763,782**
**615,699**
595,302|**Unquoted**
25,877
(5,503)
-
-
**20,374**
**25,904**
32,901|**Total**
782,729
(176,392)
149,980
-|
|---|---|---|---|
||||**784,156**|
||||**641,603**|
||||628,203|
9
**THE J P MARLAND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 1 OCTOBER 2020**
|**10. DEBTORS**
Gift Aid receivable
**11. CREDITORS: AMOUNTS FALLING WITHIN ONE YEAR**
Accruals
Accruals for grants payable
**12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Accruals for grants payable
**12. ALLOCATION OF THE CHARITY NET ASSETS**
The net assets are held as unrestricted funds:
Fixed
Assets
£
Unrestricted funds
784,156
Total
784,156
Fixed
Assets
£
Unrestricted funds
782,729
Total
782,729
Prior year net assets held for the various funds
were as follows:|Net Current
Assets
£
7,277
7,277
Net Current
Assets
£
72,042
72,042|**2020**
**£**
**8,539**
**8,539**
**2020**
**£**
**1,140**
**5,000**
**6,140**
**2020**
**£**
**5,000**
**5,000**
Creditors
more than
one year
£
(5,000)
(5,000)
Creditors
more than
one year
£
-
-|2019
£
48,142|
|---|---|---|---|
||||48,142|
||||2019
£
1,140
-|
||||1,140|
||||2019
£
-|
||||-|
||||**Total**
**£**
**786,433**|
||||**786,433**|
||||**Total**
**£**
**854,771**|
||||**854,771**|
10
**THE J P MARLAND CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 1 OCTOBER 2020**
## **13. RELATED PARTIES**
Lord Marland donated £34,157 during the year (2019 - £121,465) to The J P Marland Charitable Trust. During the year the trust also received £4,100 (2019 - £NIL) from Tricouni Brand Limited of which Lord Marland is a director of the company.
Lord Marland is a trustee of the following trusts that received grants from The J P Marland Charitable Trust during the year: The Guggenheim Charitable Trust £14,500 (2019 - £5,287), The Outdoor Trust £Nil (2019 - £12,500), International Churchill Society £12,300 (2019 - £Nil), The Commonwealth Walkway Trust £12,500 (2019 - £Nil), and Commonwealth Enterprise and Investment Council £2,400 (2019 - £Nil).
11